Do demand and profitability stimulate capital accumulation? An analysis for Brazil
- Author(s):
- Morrone, Henrique
- Date Issued:
- 2015-08
- Serie:
- CEPAL Review
- UN symbol:
- Published in:
- CEPAL Review No.116
This article tests whether the profit share of gdp and capacity utilization affect capital accumulation in Brazil in the period 1950-2008 (in the sense of Granger causality). The methodology developed by Toda and Yamamoto (1995) is used to verify the Granger non-causality hypothesis. The results show that capacity utilization “Granger-causes” capital accumulation in the Brazilian economy and, also that the profit share of gdp does not “Granger-cause” the national investment-capital ratio. This corroborates the Kaleckian proposal based on the fundamental role of the accelerator, and suggests that the Brazilian economy can grow with either a concentration or a de-concentration of income, provided a suitable institutional arrangement is in place.
Show full data
- Physical description:
- UN symbol:
- Physical location:
- Type of document:
- Bibliographic level:
- Jel Code:
- Show full item record
Downloadable Files
This item appears in the following Collection(s)
-
Revista CEPAL [2879]
Related items
Showing items related by title, author, creator and subject.
Towards a Robinsonian interpretation of capital accumulation in Latin America
- Author(s):
- Fuentes, Juan Alberto
- Serie:
- Date Issued
- 2016-12
- Physical Description
- p. 167-201
- UN symbol:
Estimating demand for transportation using the input-output model: Brazil, Chile, Ecuador and Nicaragua
- Author(s):
- Ulloa, Felipe
- Serie:
- No.
- 358
- Date Issued
- 2017-06-15
- Physical Description
- 10 p.
This issue of the FAL Bulletin presents a tool for estimating demand for freight transport by using input-output tables. It shows how the method is applied in Brazil, Chile, Ecuador and Nicaragua. The estimates generated (in tons) are based on certain assumptions, such as growth associated with a c...
The rise in global demand for ethanol and poverty in Brazil
- Author(s):
- de Souza Ferreira Filho, Joaquim Bento
- Corporate Author(s):
- NU. CEPAL |
- Agencia Española de Cooperación Internacional para el Desarrollo
- Date Issued
- 2011-11
- Physical Description
- grafs., tabls.
- UN symbol:
Brazil has traditionally been one of the most important sugarcane and ethanol producers in the world producing fuel ethanol on a large scale starting since 1975. In the 1990s, however, competition for resources from the sugar producers led to a rationing of ethanol and a decline in consumption. Th...
The rise in global demand for ethanol and poverty in Brazil
- Author(s):
- Ferreira Filho, Joaquin Bento de Souza
- Serie:
- No.
- 401
- Date Issued
- 2011-06
- Physical Description
- 43 p.: grafs., tabls.
- UN symbol:
Brazil has traditionally been one of the most important sugarcane and ethanol producers in the world producing fuel ethanol on a large scale starting since 1975. In the 1990s, however, competition for resources from the sugar producers led to a rationing of ethanol and a decline in consumption. Thi...