Capital accumulation ≈ Capital accumulation
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When data is capital: Datafication, accumulation, and extraction Open
The collection and circulation of data is now a central element of increasingly more sectors of contemporary capitalism. This article analyses data as a form of capital that is distinct from, but has its roots in, economic capital. Data co…
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Deciphering the Fall and Rise in the Net Capital Share: Accumulation or Scarcity? Open
In the postwar era, developed economies have experienced two substantial trends in the net capital share of aggregate income: a rise during the last several decades, which is well known, and a fall of comparable magnitude that continued un…
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A Critique of the Extractive Operations of Capital: Toward an Expanded Concept of Extractivism Open
This essay explores the lively debates around notions of extraction and extractivism in Latin America so as to expand these notions and thereby grasp the specificity of contemporary processes of the valorization and accumulation of capital…
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Private Capital Flows, Financial Development, and Economic Growth in Developing Countries Open
An important issue in the debate over the desirability of freer capital mobility for developing countries is whether capital flows have significant effects on economic growth. Proponents of capital account liberalization cite the growth-pr…
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The Suburb as a Space of Capital Accumulation: The Development of New Towns in Shanghai, China Open
Drawing attention to the governing role of capital accumulation and its interaction with the state, this study examines the dynamics of the new wave of suburbanization in China, which is characterized by the development of new towns. New t…
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Capital Accumulation and Structural Transformation* Open
Several scholars argue that high agricultural productivity can retard industrial development because it draws resources toward the comparative advantage sector, agriculture. However, agricultural productivity growth can increase savings an…
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Coping With Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming Open
This paper presents a macroeconomic model that combines the economic impact of climate change with the pivotal role of private debt. Using a Stock-Flow Consistent approach based on the Lotka–Volterra logic, we couple its nonlinear monetary…
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Household Matters: Revisiting the Returns to Capital among Female Microentrepreneurs Open
Multiple field experiments report positive financial returns to capital shocks for male and not female microentrepreneurs. But these analyses overlook the fact that female entrepreneurs often reside with male entrepreneurs. Using data from…
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Dynamic Spatial General Equilibrium Open
We incorporate forward‐looking capital accumulation into a dynamic discrete choice model of migration. We characterize the steady‐state equilibrium; generalize existing dynamic exact‐hat algebra techniques to incorporate investment; and li…
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The Asymmetric Influence of Financial Development on Economic Growth in Kenya: Evidence From NARDL Open
This study analyzed the asymmetric effects of financial development on economic growth using a model augmented with inflation and government expenditure asymmetries to inform model specification. The research question used entails, Do thei…
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Apologists for growth: passive revolutionaries in a passive revolution Open
Popular authors and international organizations recommend transformation to "new economy". However, this is misleadingly interpreted as radical orrevolutionary. Two problematic positions are revealed: being pro-growth while seeking to chan…
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Accounting for U.S. economic growth 1954–2017 Open
We perform a growth accounting exercise using the whole neoclassical growth model for the u.s. economy during 1954–2017. Our growth accounting exercise reveals that the u.s. extraordinary economic growth in the 1960s has been mainly driven…
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Capital accumulation, territoriality, and the reproduction of state sovereignty in China: Is this “new” state capitalism? Open
The portrayals of “new state capitalism” in both the popular media and policy-making circles have become a potent geopolitical category. This politically realist categorization is understandably popular because of its simplicity—states pro…
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Modelling energy transition risk: The impact of declining energy return on investment (EROI) Open
A number of papers in the field of net energy analysis have argued that declines in energy return on investment (EROI) could lead to increasing energy prices and a fall in economic growth. This paper develops a model (TranSim) which can si…
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Thoughts on balance-of-payments-constrained growth after 40 years Open
This paper considers how Thirlwall's balance-of-payments-constrained growth model has fared over the preceding 40 years. Issues dealt with include how the model fits into Harrod's closed-economy dynamic model; whether the model is a tautol…
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Growth and distribution: a revised classical model Open
This paper discusses distribution and the historical phases of capitalism. It assumes that technical progress and growth are taking place, and, given that, its question is on the functional distribution of income between labor and capital,…
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The political economy of rentier capitalism and the limits to agrarian transformation in Venezuela Open
This paper explores the contradictions and limits to agrarian transformation under 21st‐century socialism in Venezuela. Given the historical destruction wrought by the oil‐based accumulation process upon Venezuela's agricultural sector, th…
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Financial development and economic growth: long‐run equilibrium and transitional dynamics Open
We analyze the impact of financial development on economic growth. Differently from previous studies that focus mainly on balanced growth path outcomes, we also analyze the transitional dynamics of our model economy by using a finance‐exte…
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Politically directed accumulation in rural China: The making of the agrarian capitalist class and the new agrarian question of capital Open
We study the formation of the agrarian capitalist class in the pig farming sector in a Chinese county. We propose a new framework for analyzing the dynamics of accumulation and class formation in agriculture that focuses on the role of the…
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Does natural capital depletion hamper sustainable development? Panel data evidence Open
Contains fulltext : 232041.pdf (Publisher’s version ) (Open Access)
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When food regimes become hegemonic: Agrarian India through a Gramscian lens Open
The concept of food regimes, as developed by Friedmann and McMichael, has proven useful in analysing how systems of food production, distribution, and consumption are linked to cycles of global capital accumulation and identifying the cont…
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Carbon pricing, technology transition, and skill-based development Open
We analyze the impact of carbon prices on human capital accumulation, sectoral change, and economic growth. In our framework output is produced with dirty and/or clean technologies using skilled and unskilled labor as inputs. Carbon policy…
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Nexus Among Innovations, Financial Development and Economic Growth in Developing Countries Open
Studying the level of economic growth remains a topic of discussion among economists and policymakers. As economic growth further impacts the socioeconomic development of the country. The present study has investigated the impact of innova…
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Counter-Hegemonic Decision Premises in Commons-Based Peer Production: A Degrowth Case Study Open
Capitalism is evidently the main cause of ecological degradation, climate change and social inequality. Degrowth as a counter-hegemony opposes the capitalist imperatives of economic growth and capital accumulation and radically seeks to tr…
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Stranded Assets: How Policy Uncertainty affects Capital, Growth, and the Environment Open
The paper considers stochastic environmental policy and its effects on the environment, portfolio composition, and economic growth. Capital accumulation causes pollution which is reduced by private green services and public abatement. The …
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POLLUTION ABATEMENT AS A SOURCE OF STABILIZATION AND LONG-RUN GROWTH Open
In a two-period overlapping-generations model with production, we consider the damaging impact of environmental degradation on health and consequently life expectancy. Despite the presence of social constant returns to capital, which would…
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Research on the impact of digital inclusive finance on rural human capital accumulation: A case study of China Open
The accumulation of rural human capital is one of the important factors to realize the sustainable development of the rural economy. Digital inclusive finance eases the budget constraints of farmers and affects their willingness and abilit…
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The world of work and the crisis of capitalism: Marx and the Fourth Industrial Revolution Open
Marx’s work on machines showed an initial clarity on where he believed technology sits in the means of production. The machine, its differentia specifica, while it consumes other forms of raw material just as the labourer consumes food, do…
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Does the Digitalization of Manufacturing Boost a ‘Smart’ Era of Capital Accumulation? Open
‘Smart Manufacturing’ refers to a bundle of recent digital innovations together with the political initiatives that promote them. Public and academic debates indicate a fundamental shift in the socio-economic landscape, or a new era of cap…
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Debt and damages: What are the chances of staying under the 2 C warming threshold? Open
In a stock-flow consistent macrodynamic model featuring two crucial endogenous destabilizing channels, debt accumulation and climate change, we perform a sensitivity analysis on four fundamental parameters of the climate and economic syste…