THE ROLE OF WAGES IN THE MEXICAN ECONOMY AN APPLICATION OF THE RICARDIAN MODEL
David Ricardo, in his model of economic development, adopts the assumption of constant real wages, along with other premises such as declining soil fertility and zero technical progress in agriculture, to show that in the long run the product is divided between capitalists and landlords so that the...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2017 |
| País: | México |
| Institución: | UNIVERSIDAD AUTÓNOMA DE CHIAPAS |
| Repositorio: | Revista Espacio I+D Innovación más Desarrollo |
| Idioma: | español inglés |
| OAI Identifier: | oai:ojs.espacioimasd.unach.mx:article/123 |
| Acceso en línea: | https://www.espacioimasd.unach.mx/index.php/Inicio/article/view/123 |
| Access Level: | acceso abierto |
| Palabra clave: | Desarrollo económico Salario real Distribución del ingreso Acumulación de capital Población economic development real wages income distribution capital accumulation population |
| Sumario: | David Ricardo, in his model of economic development, adopts the assumption of constant real wages, along with other premises such as declining soil fertility and zero technical progress in agriculture, to show that in the long run the product is divided between capitalists and landlords so that the latter are favored. In this paper the model of Ricardo is reviewed from its pre analytical view, before the Essay, until more complete version provided in the Principles of Political Economy. Research suggests that the preeminence of declining soil fertility eventually leads to a decline in real wages, not only of the rate of profit. The paper proposes a model application for a specific economy, such as Mexico. We show that the principles of Ricardo, related to capital accumulation and population growth, are satisfied empirically. |
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