Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

M. K. Chatterji

Abstract

The capital output ratio or the capital coefficient has played an important part in development planning for some time now. It is variously defined as capital to gross-output ratio, capital to gross-value added and capital to net value added ratio.
Let us denote:
Cost of Capital = C
Annual Depreciation of Capital = D
Annual Gross Output =Ol
Cost of Raw Materials =R

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M. K. Chatterji

Abstract

There has been much controversy about the theory of constancy in wage-share. To some, this constancy appears just like the velocity of light. Keynes called it a bit of miracle. What is more significant is the fact that although it is interrupted by minor and major shifts, the wage-share stays at tbe new level as it did before, although some would prefer to call it inertia luther than stability.

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M. K. Chatterji

Abstract

Considerable work in the field of consumer expenditure has been done in India by the workers in the Indian Statistical Institute (ISI) on the basis of the data collected through the National Sample Survey (NSS). The same data have been subjected to further analysis by other workers particularly by verma. The purpose of the present paper is to offer some further analysis of the same and compare the results with those obtained by earlier workers.

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