VARIATIONS OF THE TERMS OF TRADE AND THE DISTRIBUTION OF INCOME

被引:0
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作者
SCHERF, W [1 ]
机构
[1] UNIV FREIBURG, INST FINANZWISSENSCH, W-7800 FREIBURG, GERMANY
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中图分类号
F [经济];
学科分类号
02 ;
摘要
This essay deals with the macroeconomic relationship between the terms of trade and the distribution of income. An improvement of the terms of trade leads to an increase of domestic real income in relation to real national product. Using an extended Kaldor-model, it is shown that the real income effect is accompanied by a change in the distribution of income to the expense of the profit quota.
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页码:431 / 440
页数:10
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