Profit rate and capital accumulation in Brazil: theoretical conceptions, historical analysis and causal relationship
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , |
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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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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1799944251791900672 |