The Falling Rate of Profit under Constant Rate of Exploitation: A Generalization

2021 ◽  
pp. 048661342110058
Author(s):  
Junshang Liang
Keyword(s):  
Technical Change ◽  
Jel Classification ◽  
Sector Model ◽  
Constant Rate ◽  
Consumption Goods ◽  
Rate Of Profit

In a two-sector model with circulating capital, Laibman (1982) shows that a capital-using and labor-saving technical change in the consumption goods sector lowers the rate of profit under the assumption of constant rate of exploitation. This paper generalizes his finding in a two-department multi-sector model that considers the capital advanced. JEL Classification: B51, C67

The Rate of Profit, Aggregate Demand, and the Long Economic Expansion in the United States since 2009

2019 ◽  
Vol 51 (4) ◽  
pp. 525-535
Author(s):  
David M. Kotz
Keyword(s):  
United States ◽  
World War Ii ◽  
Aggregate Demand ◽  
The United States ◽  
Jel Classification ◽  
World War ◽  
Economic Expansion ◽  
Asset Bubbles ◽  
Rate Of Profit

The current economic expansion in the United States, which began in the summer of 2009, has lasted for more than nine years as of this writing, making it the second longest expansion since the end of World War II. The previous two expansions, of the 1990s and 2000s, were prolonged by big asset bubbles, which have played a key role in the neoliberal era in promoting long economic expansions. However, the current expansion has not seen an asset bubble large enough to significantly affect the macroeconomy. This paper examines the expansion since 2009 by analyzing the movements of the rate of profit, and its determinants, and the role of aggregate demand, with the aim of determining the factors that have kept crisis tendencies at bay so far. JEL Classification: E32, E30, E11, E02

scholarly journals DINAMIKA TOTAL FACTOR PRODUCTIVITY INDUSTRI BESAR DAN SEDANG INDONESIA

2014 ◽  
Vol 16 (3) ◽  
pp. 277-308
Author(s):  
Ndari Surjaningsih ◽  
Bayu Panji Permono
Keyword(s):  
Data Envelopment Analysis ◽  
Total Factor Productivity ◽  
Technical Change ◽  
Manufacturing Sector ◽  
Jel Classification ◽  
Data Envelopment ◽  
Factor Productivity ◽  
Efficiency Change ◽  
Catching Up ◽  
Using Data

This paper calculates and decomposes the Total Factor Productivity (TFP) for large and medium scale industry in Indonesia covering the period of 2000-2009. By using Data Envelopment Analysis (DEA)  method, the result shows there is a shift of the supporting factors on the growth of TFP on manufacturing sector within the 2 (two) sample period. In the period of 2000-2004, efficiency change becomes the main contributor on the growth of TFP. Whereas in the period of 2005-2009, technical change becomes the main supporting factor of TFP,however it goes along with the growth of negative efficiency change or the decline of the company’s catching-up effect ability to adapt with the more advance technology. The grouping of the sample across subsectors, technical change and also efficiency change shows the declining amount of manufacture industry with superior productivity. Furthermore, the number of low and weakening catching-up industry is increasing.  Keywords: Indonesian manufacturing, total factor productivity, technical change, efficiency change, economic scale change, Data Envelopment Analysis JEL Classification: L6, M11

Disembodied Technical Change in a Two-Sector Model

1965 ◽  
Vol 32 (2) ◽  
pp. 161 ◽  
Author(s):  
Peter A. Diamond
Keyword(s):  
Technical Change ◽  
Sector Model

Technical Changes and the Rate of Profit in the Canadian Textile, Knitting, and Clothing Industries

1988 ◽  
Vol 20 (11) ◽  
pp. 1487-1505 ◽  
Author(s):  
M Webber ◽  
S Tonkin
Keyword(s):  
Technical Change ◽  
Textile Industry ◽  
Turnover Time ◽  
Clothing Industry ◽  
Negative Effects ◽  
Canadian Manufacturing ◽  
Knitting Industry ◽  
Rate Of Profit ◽  
Composition Of Capital

In this paper the histories of profitability and accumulation in the textile, knitting, and clothing industries of Canada are examined, over the period 1952–81. These histories are quite different from those of other industries and of Canadian manufacturing as a whole. In the clothing industry, capitalists have relied upon increasing rates of exploitation to maintain their high rates of profit, and there has been only limited technical change; in the textile industry, the technical composition of capital has risen, and its negative effects on profitability have been offset by changes in the turnover time and the rate of exploitation; the knitting industry lies between these two extremes.

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