The investment-profit nexus in an era of financialisation and globalisation. A marxist perspective
During the past decades, the link between profits and domestic investment weakened in the biggest high-income economies. This contribution explores this relaxation of the profits-investment nexus in a Marxist profit-centred perspective. Focusing on the impact of the origins and the uses of profits, we study the investment behaviour of non-financial corporations in relation to their profits at the macro level since 1980, a period marked by financialisation and globalisation. We contrast three competing hypotheses – the Revenge of the Rentiers, the Financial-turn of Accumulation and Globalisation – and test them through a macro panel data analysis for France, Germany, Italy, Japan, United-Kingdom and United States over the period 1980-2012.
|Date of creation:||Apr 2016|
|Contact details of provider:|| Postal: 99, avenue Jean-Baptiste Clément, 93430 Villetaneuse|
Phone: 33 (0)1 49 40 33 18
Fax: 01 49 40 33 34
Web page: https://cepn.univ-paris13.fr/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:upn:wpaper:2016-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pascal Seppecher)
If references are entirely missing, you can add them using this form.