Re: [OPE-L] models with unequal turnover periods

From: Fred Moseley (fmoseley@MTHOLYOKE.EDU)
Date: Sat Sep 15 2007 - 10:19:02 EDT

Quoting Ian Hunt <ian.hunt@FLINDERS.EDU.AU>:

> Dear Fred,
> The system that is explicitly based on Brody is in the footnotes.
> With one slip fixed up, it is:
> p (C + vl + Kr) = p,
> where C is the matrix of constant capital inputs (cij) , ie the
> matrix of inputs j into the production of i per year, v is the wage
> bundle per hour, l is the vector of labour inputs li into the
> production of i per year, and K is the matrix of capital stocks cij .
> tij + vli . ti , where tij is the turnover period of the capital
> input j into the production of i and ti  is the turnover period of
> the variable capital input in the production of i. The turnover
> periods are the capital stock inputs divided by the capital flow
> inputs. I hope this is clear enough,

Hi Ian, thanks for the clarification.

If the capital stock input is a machine, what is the capital flow input?
How do you divide the machine by the capital flow inputs to obtain the
turnover period?

Thanks again.


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