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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 industries
 in the ratio:

40)

vol

“ov
D.

1 IX pp = Q

wv,

Aon uve

9 | Morishima - pag. 2.