unit labor costs, and therefore increases profit rates. Using a dataset of 130 countries for 1990-2019, this paper shows … that while FLFP increases profit share in highincome countries, it reduces in middle-income countries. However, for both … middle- and highincome countries, FLFP cannot prevent the overall tendency in profit rates to decline caused by a consistent …

The law of the tendential fall in the rate of profit has been at the center of theoretical and empirical debates within … the absence of a comprehensive econometric analysis of the behaviour of the rate of profit. In this paper, we attempt to … fill this lacuna in two ways. First, we investigate the time series properties of the profit rate series. The evidence …

accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation …

accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation …