IDEAS home Printed from https://ideas.repec.org/p/fth/cepies/17.html
   My bibliography  Save this paper

Does Aggregate Profitability Really Matter?

Author

Listed:
  • Glyn, A

Abstract

The impact of profitability on capital accumulation, neglected in conventional accounts, is confirmed by a cross sectional analysis of the post-war experience of manufacturing in OECD economies and this is consistent with a body of time-series and firm level studies.

Suggested Citation

  • Glyn, A, 1997. "Does Aggregate Profitability Really Matter?," Papers 17, Centre for Economic Performance & Institute of Economics.
    • Handle: RePEc:fth:cepies:17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Felipe, Jesus & Laviña, Editha & Fan, Emma Xiaoqin, 2008. "The Diverging Patterns of Profitability, Investment and Growth of China and India During 1980-2003," World Development, Elsevier, vol. 36(5), pages 741-774, May.
    2. Malcolm Sawyer, 1999. "The Kaleckian Analysis and the New Millennium," Review of Political Economy, Taylor & Francis Journals, vol. 11(3), pages 303-319.
    3. Erik Bengtsson, 2014. "Do unions redistribute income from capital to labour? Union density and wage shares since 1960," Industrial Relations Journal, Wiley Blackwell, vol. 45(5), pages 389-408, September.
    4. Hancké, Bob, 1997. "Modernisation without flexible specialisation: how large firm restructuring and government regional policies became the step-parents of autarchic regional production systems in France," Discussion Papers, Research Unit: Economic Change and Employment FS I 97-304, WZB Berlin Social Science Center.
    5. Hancké, Bob, 1999. "Revisiting the French model: coordination and restructuring in French industry in the 1980s," Discussion Papers, Research Unit: Economic Change and Employment FS I 99-301, WZB Berlin Social Science Center.
    6. Andrew Glyn, 1995. "Social Democracy and Full Employment," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 22, pages 109-126.
    7. Jesus Felipe, 2005. "Aggregate Investment In The People'S Republic Of China: A Comment," CAMA Working Papers 2005-17, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    8. Poterba, James M., 1998. "The rate of return to corporate capital and factor shares: new estimates using revised national income accounts and capital stock data," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 48(1), pages 211-246, June.
    9. Basu, Deepankar & Das, Debarshi, 2015. "Profitability and Investment: Evidence from India's Organized Manufacturing Sector," UMASS Amherst Economics Working Papers 2015-14, University of Massachusetts Amherst, Department of Economics.
    10. James Crotty, 2002. "The Effects of Increased Product Market Competition and Changes in Financial Markets on the Performance of Nonfinancial Corporations in the Neoliberal Era," Working Papers wp44, Political Economy Research Institute, University of Massachusetts at Amherst.
    11. Gavin Cameron & Chris Wallace, 2002. "Macroeconomic Performance in the Bretton Woods Era and After," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(4), pages 479-494.
    12. Bo, Hong & Driver, Ciaran & Lin, Hsiang-Chun Michael, 2014. "Corporate investment during the financial crisis: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 35(C), pages 1-12.
    13. Gilberto Tadeu Lima, 2009. "Functional Distribution, Capital Accumulation and Growth in a Non-Linear Macrodynamic Model," Journal of Income Distribution, Ad libros publications inc., vol. 18(1), pages 3-19, March.
    14. Hui‐lin LIN & Wen‐Bin CHUANG, 2007. "Fdi And Domestic Investment In Taiwan: An Endogenous Switching Model," The Developing Economies, Institute of Developing Economies, vol. 45(4), pages 465-490, December.
    15. Hancké, Bob, 1996. "Labour Unions, business co-ordination and economic adjustment in Western Europe, 1980-90," Discussion Papers, Research Unit: Economic Change and Employment FS I 96-309, WZB Berlin Social Science Center.
    16. James Heintz, 2002. "Capital Accumulation and Macro Policy in South Africa: Political Instability, Distributive Conflict, and Economic Institutions," Working Papers wp29, Political Economy Research Institute, University of Massachusetts at Amherst.
    17. Deepankar Basu & Debarshi Das, 2017. "Profitability and Investment: Evidence from India's Organized Manufacturing Sector," Metroeconomica, Wiley Blackwell, vol. 68(1), pages 47-90, February.
    18. Felipe, Jesus, 2009. "A Cautionary Note on the Interpretation of Unit Labor Costs as an Indicator of Competitiveness, with Reference to the Philippines," Philippine Journal of Development PJD 2007 Vol. XXXIV No. 2, Philippine Institute for Development Studies.
    19. Jesus Felipe, 2005. "A Note On Competitiveness, Unit Labor Costs And Growth: Is "Kaldor'S Paradox" A Figment Of Interpretation?," CAMA Working Papers 2005-06, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    20. Andrew Glyn, 2002. "Labour Market Success and Labour Market Reform: Lessons from Ireland and New Zealand," SCEPA working paper series. 2002-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    21. Erik Bengtsson, 2014. "Labour's share in twentieth-century Sweden: a reinterpretation," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 62(3), pages 290-314, November.
    22. Hancké, Bob, 2003. "Many roads to flexibility. How large firms built autarchic regional production systems in France," LSE Research Online Documents on Economics 513, London School of Economics and Political Science, LSE Library.
    23. Bonatti, Luigi & Felice, Giulia, 2008. "Endogenous growth and changing sectoral composition in advanced economies," Structural Change and Economic Dynamics, Elsevier, vol. 19(2), pages 109-131, June.
    24. Glyn, Andrew, 1995. "Unemployment and inequality," Discussion Papers, Research Unit: Economic Change and Employment FS I 95-303, WZB Berlin Social Science Center.
    25. Malcolm Sawyer, 1998. "The Kaleckian Analysis and the New Mellinium," Macroeconomics 9805001, University Library of Munich, Germany, revised 01 Sep 1998.

    More about this item

    Keywords

    MANUFACTURING ; PROFITABILITY ; CAPITAL GAINS;
    All these keywords.

    JEL classification:

    • L6 - Industrial Organization - - Industry Studies: Manufacturing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:cepies:17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: https://edirc.repec.org/data/sfeixuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.