Unequal exchange, profit rate and growth: An empirical estimation.
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| Title: | Unequal exchange, profit rate and growth: An empirical estimation. |
|---|---|
| Authors: | Liboreiro, Pablo R.1 (AUTHOR), Boundi-Chraki, Fahd2 (AUTHOR) fboundi@ucm.es |
| Source: | Environment & Planning A. Mar2026, Vol. 58 Issue 2, p253-273. 21p. |
| Subject Terms: | Marxian economics, Rate of return, Input-output analysis, Economic convergence, Economic databases, Surplus (Economics), Capital intensity |
| People: | Marx, Karl, 1818-1883 |
| Abstract: | The present study aims to contribute to the literature on unequal exchange by empirically linking unequal exchange, the rate of profit, and growth convergence in a Marxian framework. To this end, a method is proposed that incorporates several contributions from recent empirical literature into a framework based on the combination of Marx's economics with Leontief's input-output analysis. The method is applied to data from the World Input–Output Database (2016 version) to estimate the effects of unequal exchange on the rate of surplus-value, the organic composition of capital, the rate of profit and the growth rate, covering 43 countries from 2000 to 2014. The main conclusion of the study is that unequal exchange boosts the rate of profit in the North and constraints profitability in the South, mainly due to the effect on the rate of surplus-value. The main implication of all this is that if the effect of unequal exchange on growth rates were of the same order as the effect on profit rates—as Marxian economics assumes—unequal exchange could explain a good deal of the lack of convergence between rich and poor countries. [ABSTRACT FROM AUTHOR] |
| Copyright of Environment & Planning A is the property of Sage Publications Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | GreenFILE |
| FullText | Text: Availability: 0 |
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| Header | DbId: 8gh DbLabel: GreenFILE An: 192230415 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Unequal exchange, profit rate and growth: An empirical estimation. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Liboreiro%2C+Pablo+R%2E%22">Liboreiro, Pablo R.</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Boundi-Chraki%2C+Fahd%22">Boundi-Chraki, Fahd</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> fboundi@ucm.es</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Environment+%26+Planning+A%22">Environment & Planning A</searchLink>. Mar2026, Vol. 58 Issue 2, p253-273. 21p. – Name: Subject Label: Subject Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Marxian+economics%22">Marxian economics</searchLink><br /><searchLink fieldCode="DE" term="%22Rate+of+return%22">Rate of return</searchLink><br /><searchLink fieldCode="DE" term="%22Input-output+analysis%22">Input-output analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+convergence%22">Economic convergence</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+databases%22">Economic databases</searchLink><br /><searchLink fieldCode="DE" term="%22Surplus+%28Economics%29%22">Surplus (Economics)</searchLink><br /><searchLink fieldCode="DE" term="%22Capital+intensity%22">Capital intensity</searchLink> – Name: SubjectPerson Label: People Group: Su Data: <searchLink fieldCode="PE" term="%22Marx%2C+Karl%2C+1818-1883%22">Marx, Karl, 1818-1883</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: The present study aims to contribute to the literature on unequal exchange by empirically linking unequal exchange, the rate of profit, and growth convergence in a Marxian framework. To this end, a method is proposed that incorporates several contributions from recent empirical literature into a framework based on the combination of Marx's economics with Leontief's input-output analysis. The method is applied to data from the World Input–Output Database (2016 version) to estimate the effects of unequal exchange on the rate of surplus-value, the organic composition of capital, the rate of profit and the growth rate, covering 43 countries from 2000 to 2014. The main conclusion of the study is that unequal exchange boosts the rate of profit in the North and constraints profitability in the South, mainly due to the effect on the rate of surplus-value. The main implication of all this is that if the effect of unequal exchange on growth rates were of the same order as the effect on profit rates—as Marxian economics assumes—unequal exchange could explain a good deal of the lack of convergence between rich and poor countries. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Environment & Planning A is the property of Sage Publications Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1177/0308518X251394163 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 21 StartPage: 253 Subjects: – SubjectFull: Marxian economics Type: general – SubjectFull: Rate of return Type: general – SubjectFull: Input-output analysis Type: general – SubjectFull: Economic convergence Type: general – SubjectFull: Economic databases Type: general – SubjectFull: Surplus (Economics) Type: general – SubjectFull: Capital intensity Type: general – SubjectFull: Marx, Karl, 1818-1883 Type: general Titles: – TitleFull: Unequal exchange, profit rate and growth: An empirical estimation. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Liboreiro, Pablo R. – PersonEntity: Name: NameFull: Boundi-Chraki, Fahd IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 03 Text: Mar2026 Type: published Y: 2026 Identifiers: – Type: issn-print Value: 0308518X Numbering: – Type: volume Value: 58 – Type: issue Value: 2 Titles: – TitleFull: Environment & Planning A Type: main |
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