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Robust correlations between prices and labour values: a comment

Article Abstract:

A critical view of Andre Kliman's study is presented. Kliman's research cast doubts over the previous studies showing strong correlation between market prices and labour charges. The effects of deflation of sectoral prices and values on the correlation are also examined.

Author: Cockshott, W. Paul, Cottrell, Allin
Publisher: Academic Press Ltd.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2005
United Kingdom, Science & research, Research and Development in the Social Sciences and Humanities, Economists, Research, Analysis, Economic research, Labor costs, Labour costs, Kliman, Andre

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Why has the U.S. economy become less correlated with the rest of the world?

Article Abstract:

A study conducted to understand the consequences that led to the changes in international business-cycle co-movement is presented. Results indicate that financial integration has played the major role in producing the observed changes in international co-movement.

Author: Healthcote, Johathan, Perri, Fabrizio
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
United States, Forecasts, trends, outlooks, Scientific Research and Development Services, Development, Economic Programs-Total Govt, Administration of Economic Programs, Economic aspects, Forecasts and trends, Economic development, Market trend/market analysis, Comparative analysis

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