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Updates of Empirical Estimates of Marxian Categories: The Philippines 1961-2012

Author

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  • Victor S. Venida

    (Economics Department, Ateneo de Manila University)

Abstract

The economies of developing countries have a dualist structure in which feudal and capitalist modes coexist and interact. For the Philippines, this dualism is evident. This paper analyzes the Philippines’s economic structure through a theoretical framework that draws on a Marxian theory interpreted by Wolff (1977, 1979): the model of social disarticulation and the creation of relative surplus value. Adding on to estimates for 1961–2000 for further analysis, this paper updates the estimated Marxian categories for the Philippines using the Input-Output tables from 1961 to 2012 and the formal model used by Venida (2007, 2011). Results of the estimates show labor productivity improvements from 2000 to 2012, which point to the possibility that the Philippine economy could have begun to transition to further capitalist expansion.

Suggested Citation

  • Victor S. Venida, 2020. "Updates of Empirical Estimates of Marxian Categories: The Philippines 1961-2012," Department of Economics, Ateneo de Manila University, Working Paper Series 202011, Department of Economics, Ateneo de Manila University.
    • Handle: RePEc:agy:dpaper:202011
    as

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    File URL: https://www.ateneo.edu/sites/default/files/2022-06/ADMU%20WP%202020-11_0.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    input-output; labor productivity; Marxian theory; Philippines; relative surplus value;
    All these keywords.

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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