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Patterns of technical progress in the Brazilian economy, 1952-2008 / Adalmir Marquetti and Melody de Campos Soares Porsse.
- Format:
- Book
- Government document
- Author/Creator:
- Marquetti, Adalmir, author.
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource (17 pages)
- Contained In:
- CEPAL Review Vol. 2014, no. 113, p. 57-73 2014:113<57 1684-0348
- Place of Publication:
- [Place of publication not identified] : United Nations, 2014.
- System Details:
- text file
- Summary:
- This article analyses the pattern of technical change in the Brazilian economy between 1952 and 2008. A Marx-biased pattern of labour-saving and capital-using change predominated in the period under study. Three phases in the dynamism of technical change can be distinguished, however. The first, from 1952 to 1973, was highly dynamic. In the second, from 1973 to 1991, this dynamism lessened. Lastly, between 1991 and 2008, the dynamism of technical change recovered slightly. The wage share held fairly steady throughout the period. The rate of profit dropped between 1952 and 1991 before rising slightly from 1991 to 2008. The net capital accumulation rate contracted after 1975 because of the decline in the rates of profit and investment. Between 2004 and 2008, the net capital accumulation rate increased.
- Access Restriction:
- Restricted for use by site license.
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