Wage-Profit Rate Schedules in Case of Saudi Arabia
<p>This paper uses the real wage-profit rate schedule to examine the direction of technical change in Saudi economy during 1990-2016. We find that technical change is Hicks-neutral (i.e., increasing both labor and capital productivity) between 1990 and 2004; and Marx-biased (i.e., increasing l...
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| Format: | Article |
| Language: | English |
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EconJournals
2018-11-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/7250 |