The Dynamics of the Profit Rate in Spain (1954â€”2001)

The article evaluates the Spanish economy from 1954 to 2001 from the standpoint of capital profitability. The profit rate combines a cyclical behavior caused by evolution of income distribution and a downward trend caused by increase in capital composition. Increase in capital composition is caused by mechanization of the economy, while the evolution of income distribution is conditioned by a particular performance of real wages. JEL classification: P-17, E-11, J-30

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Year of publication:	2007
Authors:	Izquierdo, Sergio Cámara
Published in:	Review of Radical Political Economics. - Union for Radical Political Economics. - Vol. 39.2007, 4, p. 543-561
Publisher:	Union for Radical Political Economics
Subject:	labor theory of value \| profit rate \| technology of production \| income distribution

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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