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Ground‐Rent and Capital Accumulation in Australia

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  • Nicolás Grinberg

Abstract

This paper presents an original estimation of the size of the ground‐rent appropriated by competing social subjects in the Australian economy over the long term, and of several economic variables necessary to accomplish that measurement. The paper also assesses the relative importance of ground‐rent in total surplus‐value and the Australian process of capital accumulation, finding that it constitutes a significant portion. Finally, the paper estimates the determinants of the ground‐rent yielded by mining lands used to produced iron ore and mineral coal during the recent ‘commodities price boom’, stressing the importance of the location factor.

Suggested Citation

  • Nicolás Grinberg, 2021. "Ground‐Rent and Capital Accumulation in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(2), pages 231-254, June.
    • Handle: RePEc:bla:ausecr:v:54:y:2021:i:2:p:231-254
    DOI: 10.1111/1467-8462.12392
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    References listed on IDEAS

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    1. Peter Lloyd & Donald MacLaren, 2015. "Assistance to Australian agriculture from Federation to World War II," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(3), pages 317-333, July.
    2. T. G. Parry, 1974. "Plant Size, Capacity Utilization and Economic Efficiency: Foreign Investment in the Australian Chemical Industry," The Economic Record, The Economic Society of Australia, vol. 50(2), pages 218-244, June.
    3. John W. Longworth, 1967. "The Stabilization And Distribution Effects Of The Australian Wheat Industry Stabilization Scheme," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 20-35, June.
    4. Freeman, Alan, 2006. "An Invasive Metaphor: the Concept of Centre of Gravity in Economics," MPRA Paper 6812, University Library of Munich, Germany.
    5. Longworth, John W., 1967. "The Stabilization And Distribution Effects Of The Australian Wheat Industry Stabilization Scheme," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 1-16, June.
    6. repec:bla:ecorec:v:50:y:1974:i:130:p:218-44 is not listed on IDEAS
    7. Nuno Ornelas Martins, 2019. "The Sraffian Methodenstreit and the revolution in economic theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(2), pages 507-525.
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