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The Dynamics of the Profit Rate in Spain (1954—2001)

Author

Listed:
  • Sergio Cámara Izquierdo

    (Research Area of Society and Capitalist Accumulation, Department of Economics, Universidad Autónoma Metropolitana, Azcapotzalco, Mexico City, scamara@correo.azc.uam.mx)

Abstract

The article evaluates the Spanish economy from 1954 to 2001 from the standpoint of capital profitability. The profit rate combines a cyclical behavior caused by evolution of income distribution and a downward trend caused by increase in capital composition. Increase in capital composition is caused by mechanization of the economy, while the evolution of income distribution is conditioned by a particular performance of real wages. JEL classification: P-17, E-11, J-30

Suggested Citation

  • Sergio Cámara Izquierdo, 2007. "The Dynamics of the Profit Rate in Spain (1954—2001)," Review of Radical Political Economics, Union for Radical Political Economics, vol. 39(4), pages 543-561, December.
    • Handle: RePEc:sae:reorpe:v:39:y:2007:i:4:p:543-561
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    Cited by:

    1. Ivan D. Trofimov, 2017. "Profit rates in the developed capitalist economies: a time series investigation," PSL Quarterly Review, Economia civile, vol. 70(281), pages 85-128.

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