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The Profit Rate in Brazil, 1953-2003


Author Info

  • Adalmir Marquetti

    (Departamento de Economia and Programa de Pos-Graduacao em Economia, Pontificia Universidade Catolica do Rio Grande do Sul - PUCRS)

  • Eduardo Maldonado Filho

    (Departamento de Ciencias Economicas and Programa de Pós-graduacao em Economia, Universidade Federal do Rio Grande do Sul - UFRGS)

  • Vladimir Lautert

    (Instituto Brasileiro de Geografia e Estatistica - IBGE)


This paper investigates the profit rate in Brazil between 1953 and 2003. There was a tendency for the profit rate to fall during the period under study determined mainly by the declining productivity of capital. There were three phases in the behavior of the profit rate. In the first phase, between 1953 and 1973, it slowly declined; in the second, from 1973 to late 1980s, it fell sharply; in the third, from late 1989 to 2003, it increased moderately. These phases correspond to the institutional arrangements of the Brazilian economy, respectively, to the import substitution industrialization (ISI) during the golden age of capitalism, to the crisis and rupture of ISI, and to neoliberalism.

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Bibliographic Info

Article provided by Union for Radical Political Economics in its journal Review of Radical Political Economics.

Volume (Year): 42 (2010)
Issue (Month): 4 (December)
Pages: 485-504

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Handle: RePEc:sae:reorpe:v:42:y:2010:i:4:p:485-504

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Keywords: profit rate; wage; labor productivity; capital productivity; Brazil;

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Cited by:
  1. Maito, Esteban Ezequiel, 2014. "Auge y estancamiento de Japón (1955-2008). Una explicación marxista
    [Rise and standstill of Japan (1955-2008). A Marxist explanation]
    ," MPRA Paper 53102, University Library of Munich, Germany.
  2. Maito, Esteban Ezequiel, 2013. "La Argentina y la tendencia descendente de la tasa de ganancia (1910-2011)
    [Argentina and the tendency of the rate of profit to fall (1910-2011)]
    ," MPRA Paper 52503, University Library of Munich, Germany.
  3. Joao Paulo A. de Souza, 2014. "Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics 2014-03, University of Massachusetts Amherst, Department of Economics.


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