SEMAINE D'ETUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC.
5x:
the technological improvement gives rise to an increase in the
real-wages.
The voN NEUMANN output configurations x° and x! before
and after the technical change are determined bv
x°Bo(I — d) + (1 + °)x°(] Ac
Be (Co) —o.
and
x'B! 1 d)
(T+!
T
respectively. Taking the definitions of A, B, and C into «.
count, we have
. —
(1 +°)x°P° IT
-@a- ie}
Pp
J >
30)
‘1 + 71) x!P!
-*
a
—.
>
À
Hence x°P° and x!'P! are proportionate to each other.
28) implies p*' <= <htat
Since
[In words, if industry ¢ makes a technical improvement ot tne
neutral type, the relative weight of that industry in the von
NEUMANN state becomes heavier than before.
Finally, it is at once seen from (4) that when the von NEU-
MANN equilibrium prevails labour is distributed among indus-
tries in the ratio:
40)
vol
“ov
D.
1 IX pp = Q
wv,
Aon uve
9 | Morishima - pag. 2.