Name: LI Bangxi
Affiliation: Professor Dr. FUJIMORI Yoriaki Lab.
Graduate School of Economics
WASEDA University
Tokyo 169-8050, Japan
Email: libangxi[at]gmail.com
❐ Presentations
❖ Li, Bangxi (2012), "Estimation of Marginal Fixed Capital Coefficient and Wage-Profit Curves a la von Neumann-Leontief: A Case Study of China's Economy 1987-2000", International Seminar, January 21, at Meiji University, Tokyo, Japan.
❖ Li, Bangxi (2011), "Estimation of Marginal Fixed Capital Coefficient Using Sraffa-Fujimori Method", The Japanese Society for Post Keynesian Economics, December 24, at WASEDA University, Tokyo, Japan.
❖ Li, Bangxi (2010b), "Fixed Capital and the Determination of Economic Durability", International Conference on Production and Distribution to celebrate 50 years anniversary of the publication of Production of Commodities by Means of Commodities, September 4-6, at Meiji University, Tokyo, Japan.
❖ Li, Bangxi and Yoriaki Fujimori (2010a), "Marx-Sraffa Model with Fixed Capital: A Moore-Penrose Pseudoinverse Approach", The 5th International Forum of the World Association for Political Economy (WAPE)--The Crisis of Capitalism and Its Solution: Socialism of the 21st Century, May 29-30, at Suzhou City, China.
In this paper, the Marx-Sraffa Model is used to investigate the equilibrium of linear multisector system of equations in which only fixed capital is considered as a joint product, and wages are paid in advance. A unique pair of equilibrium of production prices and activity levels of processes exist, but they are unstable. The problem of finding the equilibrium of the Marx-Sraffa system defined by the equation condition can be transformed into eigenvalue problems by means of a Moore-Penrose pseudoinverse of matrices.
❖ Li, Bangxi and Yoriaki Fujimori (2009), "A Multi-Sector Linear Model with Fixed Capital", The 57th Annual Conference of the Japan Society of Political Economy (JSPE), November 22-23, at the University of Tokyo, Tokyo, Japan.
