Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship

Detalhes bibliográficos
Autor(a) principal: de Abreu Grazziotin , Henrique
Data de Publicação: 2022
Outros Autores: Fornari , Ana Paula, Marquetti , Adalmir Antonio
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Ensaios
Texto Completo: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/64429
Resumo: This paper analyzes the relationship between profit rate and capital accumulation from both theoretical and empirical perspectives. We discuss the main approaches to the role of profitability in macroeconomic analysis, with emphasis on the Marxian political economy. We present a brief historical description of the profit rate and the capital accumulation rate for Brazil between 1953 and 2017, evaluating their components through Weisskopf's (1979) decomposition. We also apply Toda and Yamamoto’s (1995) procedure to test Granger´s hypothesis of non-causality between profit rate and capital accumulation rate. Granger non-causality tests support unidirectional causation from profit rate to capital accumulation rate in Brazil between 1953 and 2017.
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spelling Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationshipTaxa de lucro e acumulação de capital no Brasil: concepções teóricas, análise histórica e relação de causalidadeThis paper analyzes the relationship between profit rate and capital accumulation from both theoretical and empirical perspectives. We discuss the main approaches to the role of profitability in macroeconomic analysis, with emphasis on the Marxian political economy. We present a brief historical description of the profit rate and the capital accumulation rate for Brazil between 1953 and 2017, evaluating their components through Weisskopf's (1979) decomposition. We also apply Toda and Yamamoto’s (1995) procedure to test Granger´s hypothesis of non-causality between profit rate and capital accumulation rate. Granger non-causality tests support unidirectional causation from profit rate to capital accumulation rate in Brazil between 1953 and 2017.O presente trabalho analisa a relação entre a taxa de lucro e a acumulação de capital a partir de perspectivas teórica e empírica. Na teórica, discutimos as principais abordagens sobre o papel da lucratividade na análise macroeconômica, com ênfase na economia política marxiana. Na empírica, apresentamos uma breve descrição histórica da evolução da taxa de lucro e da taxa de acumulação para o Brasil entre 1953 e 2017, avaliando seus componentes por meio da decomposição de Weisskopf (1979). Por fim, aplicamos o procedimento de Toda e Yamamoto (1995) para testar a hipótese de não causalidade de Granger nas variáveis taxa de lucro e taxa de acumulação de capital. Os resultados são consistentes com a presença de causalidade de Granger unidirecional da taxa de lucro para a taxa de acumulação no Brasil entre 1953 e 2017.EDUFU2022-01-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/6442910.14393/REE-v37nesp.a2022-64429Revista Economia Ensaios; Vol. 37 No. esp. jan. (2022): "Teoria de crise e a atualidade da crítica da economia política: uma homenagem ao prof. Eduardo Augusto de Lima Maldonado Filho"Revista Economia Ensaios; v. 37 n. esp. jan. (2022): "Teoria de crise e a atualidade da crítica da economia política: uma homenagem ao prof. Eduardo Augusto de Lima Maldonado Filho"1983-19940102-2482reponame:Economia Ensaiosinstname:Universidade Federal de Uberlândia (UFU)instacron:UFUporhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/64429/33260Copyright (c) 2022 Revista Economia Ensaiosinfo:eu-repo/semantics/openAccessde Abreu Grazziotin , Henrique Fornari , Ana Paula Marquetti , Adalmir Antonio 2022-08-16T17:23:52Zoai:ojs.www.seer.ufu.br:article/64429Revistahttps://seer.ufu.br/index.php/revistaeconomiaensaiosPUBhttps://seer.ufu.br/index.php/revistaeconomiaensaios/oai||ecoensaios@ufu.br|| ecoensaios@ufu.br1983-19940102-2482opendoar:2022-08-16T17:23:52Economia Ensaios - Universidade Federal de Uberlândia (UFU)false
dc.title.none.fl_str_mv Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
Taxa de lucro e acumulação de capital no Brasil: concepções teóricas, análise histórica e relação de causalidade
title Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
spellingShingle Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
de Abreu Grazziotin , Henrique
title_short Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
title_full Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
title_fullStr Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
title_full_unstemmed Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
title_sort Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
author de Abreu Grazziotin , Henrique
author_facet de Abreu Grazziotin , Henrique
Fornari , Ana Paula
Marquetti , Adalmir Antonio
author_role author
author2 Fornari , Ana Paula
Marquetti , Adalmir Antonio
author2_role author
author
dc.contributor.author.fl_str_mv de Abreu Grazziotin , Henrique
Fornari , Ana Paula
Marquetti , Adalmir Antonio
description This paper analyzes the relationship between profit rate and capital accumulation from both theoretical and empirical perspectives. We discuss the main approaches to the role of profitability in macroeconomic analysis, with emphasis on the Marxian political economy. We present a brief historical description of the profit rate and the capital accumulation rate for Brazil between 1953 and 2017, evaluating their components through Weisskopf's (1979) decomposition. We also apply Toda and Yamamoto’s (1995) procedure to test Granger´s hypothesis of non-causality between profit rate and capital accumulation rate. Granger non-causality tests support unidirectional causation from profit rate to capital accumulation rate in Brazil between 1953 and 2017.
publishDate 2022
dc.date.none.fl_str_mv 2022-01-31
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/64429
10.14393/REE-v37nesp.a2022-64429
url https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/64429
identifier_str_mv 10.14393/REE-v37nesp.a2022-64429
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/64429/33260
dc.rights.driver.fl_str_mv Copyright (c) 2022 Revista Economia Ensaios
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 Revista Economia Ensaios
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EDUFU
publisher.none.fl_str_mv EDUFU
dc.source.none.fl_str_mv Revista Economia Ensaios; Vol. 37 No. esp. jan. (2022): "Teoria de crise e a atualidade da crítica da economia política: uma homenagem ao prof. Eduardo Augusto de Lima Maldonado Filho"
Revista Economia Ensaios; v. 37 n. esp. jan. (2022): "Teoria de crise e a atualidade da crítica da economia política: uma homenagem ao prof. Eduardo Augusto de Lima Maldonado Filho"
1983-1994
0102-2482
reponame:Economia Ensaios
instname:Universidade Federal de Uberlândia (UFU)
instacron:UFU
instname_str Universidade Federal de Uberlândia (UFU)
instacron_str UFU
institution UFU
reponame_str Economia Ensaios
collection Economia Ensaios
repository.name.fl_str_mv Economia Ensaios - Universidade Federal de Uberlândia (UFU)
repository.mail.fl_str_mv ||ecoensaios@ufu.br|| ecoensaios@ufu.br
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