scholarly journals Production structure, income distribution and macroeconomic efficiency: an analysis framework and empirical study of the Marxist political economy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bangxi Li ◽  
Chong Liu ◽  
Feng Zhao ◽  
Yanghua Huang
Keyword(s):  
Income Distribution ◽  
Capital Investment ◽  
Fixed Capital ◽  
Systematic Research ◽  
Profit Rate ◽  
Content Type ◽  
Macroeconomic Efficiency ◽  
Fixed Capital Investment ◽  
The Relationship ◽  
China’S Economy

PurposeIn the current literature, there is little systematic research on the relationship among adjustment of the income distribution, change in economic structure and improvement of macroeconomic efficiency.Design/methodology/approachThis paper expands Marx's reproduction schema into the “Marx–Sraffa” three-department structure table comprising fixed capital, general means of production and means of consumption and employs China's input–output table from 1987 to 2015 to portray the relationship between income distribution and macroeconomic efficiency under investment-driven growth.FindingsThis paper calculates the wage–profit curve of China's economy and evaluates the space of macroeconomic efficiency improvement in China based on the deviation between actual and potential income distribution structure.Originality/valueThe results show that there is a downward trend of the profit rate, which meets Marx's theoretical prediction, and the decline in the profit rate is mainly attributed to an increase in the organic composition of capital arising from the rapid growth of fixed capital investment under extended growth. The analysis of macroeconomic efficiency shows that the space for improving macroeconomic efficiency is extremely limited under traditional growth pattern and that China must transform its economic development pattern and foster new economic growth drivers.

scholarly journals On the Relationship between Bank Lending Indicators and General Economic Indicators

2021 ◽  
Vol 91 ◽  
pp. 01011
Author(s):  
Yury Korobov ◽  
Sergey Bogomolov ◽  
Larisa Ilyina ◽  
Marina Plotnikova
Keyword(s):  
Economic Growth ◽  
Capital Investment ◽  
Bank Lending ◽  
Fixed Capital ◽  
Bank Loans ◽  
Economic Indicators ◽  
Physical Volume ◽  
Fixed Capital Investment ◽  
The Relationship ◽  
Legal Entities

One of the most important tasks of any state is to ensure stable economic growth. Banks can play an important role in performing this task, primarily by providing loans. The purpose of the study is to identify the relationship between indicators of banks’ lending activity and general indicators of economic development. Index of physical volume of GDP and index of physical volume of fixed capital investment were selected as resultant economic indicators, and growth rate of debt on bank loans (overall and by loan types), the share of loans in fixed capital investment, and the ratio of debt on bank loans to GDP were used as factor variables. The study of the dynamics of these indicators showed that the trajectory of economic indicators has a general tendency to decrease their values; the dynamics of economic indicators depends more on bank lending to legal entities than on lending to individuals, and often reflects the change in the share of loans in fixed capital investment with a time lag; economic growth is more strongly influenced by bank lending to legal entities than by lending to individuals. The revealed patterns indicate the need to develop a monetary policy aimed at stimulating corporate lending and moderate curbing consumer lending.

Towards New Policy Incentives for Fixed Capital Investment and Technological Upgrades in Russia

2011 ◽  
pp. 43-56
Author(s):  
A. Apokin
Keyword(s):  
Economic Policy ◽  
Capital Investment ◽  
Empirical Studies ◽  
Fixed Capital ◽  
Policy Framework ◽  
Private Companies ◽  
Russian Economy ◽  
Technological Modernization ◽  
Fixed Capital Investment ◽  
Policy Incentives

The paper approaches the problem of private fixed capital underinvestment in Russia. The author uses empirical studies of the Russian economy and cases of successful technological modernization to outline several groups of disincentives for private companies to perform fixed capital investment in Russia. To counter these constraints, a certain incentive-based economic policy framework is developed.

Building the Suburban Factory and Industrial Decline in Postwar Chicago

2020 ◽  
pp. 39-64
Author(s):  
Robert Lewis
Keyword(s):  
Capital Investment ◽  
Central City ◽  
Industrial Change ◽  
Industrial Facilities ◽  
Financial Firms ◽  
Selection Decisions ◽  
Industrial Decline ◽  
Fixed Capital Investment ◽  
The Impact ◽  
The Relationship

This chapter examines the built form of deindustrialization through an examination of the metropolitan geography of factory construction after 1945. It shows the little capital investment that flowed to Chicago, while the suburbs became the prime location for the construction of new industrial facilities. It also discusses how employment loss in the central city of Chicago was rooted in site selection decisions made by the managers of industrial and financial firms about more profitable locations for fixed-capital investment. The chapter focuses on factory construction that provides a different perspective on the impact that industrial change had on the built environment. It looks at studies of the relationship between local economic change, politics, and place dependency that have demonstrated the tenuous hold that places have on productive forces and the unequal relationship that exists between place and capital.

Fixed capital investment estimation for modular production plants

2017 ◽  
Vol 158 ◽  
pp. 395-410 ◽  
Author(s):  
Stefan Sievers ◽  
Tim Seifert ◽  
Marcel Franzen ◽  
Gerhard Schembecker ◽  
Christian Bramsiepe
Keyword(s):  
Capital Investment ◽  
Fixed Capital ◽  
Modular Production ◽  
Fixed Capital Investment
Sign in / Sign up

Export Citation Format

Share Document