Unproductive Activities and the Rate of Surplus Value at the Industry Level in Korea, 1995–2015
Dong-Min Rieu,Hyun Woong Park +1 more
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In order to explain how the Korean economy underwent structural change through the two crises of 1997-1998 and 2008 within the context of globalisation, this article focused on class analyzes.Abstract:
In order to explain how the Korean economy underwent structural change through the two crises of 1997– 1998 and 2008 within the context of globalisation, this article focuses on class analy...read more
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Measuring the Wealth of Nations--The Political Economy of National Accounts/Anwar M.Shaikh&E.Ahmet Tonak(1994)
TL;DR: Shaikh et al. as discussed by the authors measured the wealth of nations and the political economy of measuring the wealth in the un system of environmental wild about muffins askand cambridge university press accounts.
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Surplus Value Production and Realization in Marxian Theory - Applications to the U.S., 1987-2015
TL;DR: In this article, a new method of estimating surplus value production at the industry level is proposed and implemented, which highlights the separation between surplus value creation and realization in Marx's work.
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A Mathematical Formulation of the Dual Nature of Unproductive Labor
Hyun Woong Park,Dong-Min Rieu +1 more
TL;DR: In this paper, the authors present a model that explicitly formalizes the dual nature of unproductive labor and derives the optimal size of the unproductive sector, and two sets of results emerge regardin...
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Trends of Marxian Ratios in South Korea, 1980–2014
Guhyeon Jeong,Seongjin Jeong +1 more
TL;DR: The authors explores the dynamics and contradictions of capital accumulation in South Korea from 1980 to 2014 by analysing the rates of surplus value and profit and criticises two theses of financ...
References
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Journal ArticleDOI
Testing for unit roots in heterogeneous panels
TL;DR: In this article, a unit root test for dynamic heterogeneous panels based on the mean of individual unit root statistics is proposed, which converges in probability to a standard normal variate sequentially with T (the time series dimension) →∞, followed by N (the cross sectional dimension)→∞.
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About Capital in the Twenty-First Century
TL;DR: In this article, the authors present three key facts about income and wealth inequality in the long run emerging from my book, Capital in the Twenty-First Century, and seek to sharpen and refocus the discussion about those trends.
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A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
G. S. Maddala,Shaowen Wu +1 more
TL;DR: The Im-Pesaran-Shin (IPS) test as discussed by the authors relaxes the restrictive assumption of the LL test and is best viewed as a test for summarizing the evidence from independent tests of the sample hypothesis.
Book
Capital in the Twenty-First Century
TL;DR: Piketty's Capital in the Twenty-First Century as mentioned in this paper is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years.
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Unit root tests for panel data
TL;DR: In this paper, the authors developed unit root tests for panel data under more general assumptions than the tests previously proposed, such as the number of groups in the panel data is assumed to be either finite or infinite.