The accumulation of capital and economic growth in Brazil. A long-term perspective (1950-2008)

Mateo Tomé, Juan Pablo (2015) The accumulation of capital and economic growth in Brazil. A long-term perspective (1950-2008). (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 31 p. (Economics Discussion Papers, no. 2014-03)

Full text available as:
[img]
Preview
Text
MateoTome-J-30598.pdf - Published Version

Download (649kB) | Preview

Abstract

This article analyses the development of economic growth in Brazil in terms of capital accumulation, following the Marxist approach. The aim is to identify the relationship between the two processes, looking at the profit rate, which along with investment effort determines productive investment. In turn, this one affects the capital-labour ratio and labour productivity. Both, with the addition of the price ratio, determine the productivity of capital, a key variable in understanding the accumulation process in Brazil. Using the period 1950-2008 allows comparing two phases in the Brazilian economy, the period of substitutive industrialisation and the neoliberal phase, all from the perspective of the relationship between the aforementioned variables.

Item Type: Monograph (Discussion Paper)
Uncontrolled Keywords: growth; investment; profitability; productivity
Research Area: Economics and econometrics
Faculty, School or Research Centre: Faculty of Arts and Social Sciences (until 2017) > School of Economics, History and Politics (from November 2012)
Depositing User: Andrea Ingianni
Date Deposited: 06 Mar 2015 10:09
Last Modified: 06 Mar 2015 10:09
DOI: 2014-03
URI: http://eprints.kingston.ac.uk/id/eprint/30598

Actions (Repository Editors)

Item Control Page Item Control Page