Title: A correlation analysis of employment and price in the condition of equilibrium
Abstract: The paper puts Marx reproduction theory as a framework,and based on the two categories equilibrium,it establishes a relevant model of employment and price in the condition of equilibrium. The relationship between employment and price depends on the income elasticity,price elasticity,income elasticity of capital. Research shows that,when the employment capital elasticity is more than income capital elasticity × price income elasticity,price growth is positively correlated with employment growth,when the employment capital elasticity is less than income capital elasticity × price income elasticity,the rate of inflation rate is negatively correlated with employment growth.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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