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Modified Static I‐O Framework Using the Concept of Labour Equivalence
Author(s) -
DAS CHANDREYEE,
CHATTOPADHYAY R. N.
Publication year - 1990
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/j.1468-2257.1990.tb00517.x
Subject(s) - equivalence (formal languages) , multiplier (economics) , economics , wage , index (typography) , measure (data warehouse) , mathematical economics , labour economics , price index , mathematics , econometrics , computer science , macroeconomics , pure mathematics , database , world wide web
The paper introduces the concept of labour equivalence and determines the index of the intensity of labour use in its terms. The measure thus defined is shown to be analogous to the predefined labour multiplier with the necessary incorporation of prices and wages. The explicit inclusion of price‐wage parameters gives it the advantage of being a more efficient planning tool.