Imperfect competition and capital accumulation: the role of price normalization

1996 ◽  
Vol 63 (3) ◽  
pp. 279-302
Author(s):  
Gerhard Sorger
Keyword(s):  
Imperfect Competition ◽  
Capital Accumulation

Physical capital stock, technological upgrading and modernisation in Hungary

2005 ◽  
Vol 55 (2) ◽  
pp. 201-221 ◽  
Author(s):  
Andrea Szalavetz
Keyword(s):  
Capital Accumulation ◽  
Physical Capital ◽  
Developed Countries ◽  
Point Of View ◽  
Technology Generation ◽  
Development Policies ◽  
Specific Factors ◽  
Physical Capital Accumulation

This paper discusses the relation between the quality and quantity indicators of physical capital and modernisation. While international academic literature emphasises the role of intangible factors enabling technology generation and absorption rather than that of physical capital accumulation, this paper argues that the quantity and quality of physical capital are important modernisation factors, particularly in the case of small, undercapitalised countries that recently integrated into the world economy. The paper shows that in Hungary, as opposed to developed countries, the technological upgrading of capital assets was not necessarily accompanied by the upgrading of human capital i.e. the thesis of capital skill complementarity did not apply to the first decade of transformation and capital accumulation in Hungary. Finally, the paper shows that there are large differences between the average technological levels of individual industries. The dualism of the Hungarian economy, which is also manifest in terms of differences in the size of individual industries' technological gaps, is a disadvantage from the point of view of competitiveness. The increasing differences in the size of the technological gaps can be explained not only with industry-specific factors, but also with the weakness of technology and regional development policies, as well as with institutional deficiencies.

Capital Switching and the Role of Ground Rent: 1 Theoretical Problems

1989 ◽  
Vol 21 (4) ◽  
pp. 445-462 ◽  
Author(s):  
R J King
Keyword(s):  
Social Change ◽  
Housing Market ◽  
Capital Accumulation ◽  
The State ◽  
Social Conditions ◽  
Rent Extraction ◽  
Economic Sectors ◽  
Speculative Investment ◽  
Capital Switching

The flow of both productive and speculative investment into housing relates to the state of capital accumulation in other economic sectors, as hypothesised in the ‘circuits of capital’ argument, but it also relates to the incentive to ‘switch’ investment into and out of housing, and therefore to expectations of ground rent and the (changing) social conditions that enable ground rent extraction. This is the first of three papers in which the relationships involved in these processes are explored. A series of theoretical problems arising from the argument are dealt with, principally relating to its seeming economic determinism and to an inappropriately narrow treatment of crisis and social change. In the subsequent papers, in this journal, these various ideas will be used to reflect on housing market and related social change in Melbourne from the 1930s to the 1980s.

scholarly journals What Kind Of Capitalism For Azerbaijan? A Comparative Analysis From Economic View

2011 ◽  
Vol 10 (6) ◽  
pp. 57
Author(s):  
Ayhan Guney ◽  
Ilkin M. Sabiroglu ◽  
Cihan Bulut
Keyword(s):  
Market Economy ◽  
Capital Accumulation ◽  
Agricultural Sector ◽  
Free Market ◽  
Open Market ◽  
Before And After ◽  
Major Factors ◽  
The Impact ◽  
Historical Periods

Every country has experienced various capital accumulation processes due to their own specific conditions. Differences in these conditions have ensured various countries to enter the process of economic development in dissimilar historical periods. Due to the central characteristics of the previous command economic system and the impact of powerful heritage from the USSR on the bureaucratic administration, Azerbaijan is still having difficulties in transitioning to a free-market economy. Today, the transition to an open market economy for Azerbaijan is not completely realized. This research attempts to investigate the major factors of the formation process of the capitalist economic structure in Azerbaijan before and after the demise of the Soviet Union.It focused on the fundamental role of oil and relatively, the agricultural sector and also looked into the types of capitalism the country is currently experiencing based upon certain criteria and statistical indicators.

scholarly journals Analysing the Influence of Industrial Value - Added of Small and Micro-sized Firms on Regional FDI in Indonesia

2021 ◽  
Vol 5 (3) ◽  
pp. 157-165
Author(s):  
Celine Canes ◽  
Vanessa Aurelia ◽  
Juan Phillip Yoel Tanesia ◽  
Albert Hasudungan ◽  
Erica Lukas
Keyword(s):  
Capital Accumulation ◽  
Random Effect ◽  
Value Added ◽  
Dual Function ◽  
Robust Standard Error ◽  
The Government ◽  
Role Of The Government ◽  
Fdi Determinants ◽  
Portfolio Investments

The role of Foreign Direct Investment (FDI) has only grown in tandem with globalization, as it plays a dual function by improving capital accumulation whilst simultaneously growing total factor yield, which puts it at an advantage over foreign aids and foreign portfolio investments. Using panel data from 34 Indonesian provinces over the 2015 - 2019 period, this research examined the determinants of provincial FDI and its impact on regional economic development in Indonesia. The random effect method with robust standard error was used to regress the model, and the variables found to be positively significant were the ratio of industrial value added for micro sized firms to regional GDP, as well as the growth rate of industrial value added for small sized firms. Our analysis revealed that micro-sized firms tend to have much higher industrial value added compared to small-sized firms, and that these firms tend to cluster in Western Indonesia. The role of the government should be to foster the growth and competitiveness of small and micro-sized firms, especially for regions where the industrial value added is still low. Further study is suggested on the determinants of industrial value added at the provincial level, as well as more comprehensive research on FDI determinants with a larger dataset.

Beyond legacy: Backstage stigmatisation and ‘trickle-up’ politics of urban regeneration

2018 ◽  
Vol 66 (4) ◽  
pp. 919-934 ◽  
Author(s):  
Kirsteen Paton
Keyword(s):  
Capital Accumulation ◽  
Private Business ◽  
Private Finance ◽  
Business Interests ◽  
Neoliberal Governance ◽  
East End ◽  
The Individual ◽  
Commonwealth Games ◽  
Shed Light

This article explores how stigmatisation is intimately linked with neoliberal governance and capital accumulation in specific ways through processes around the Glasgow Commonwealth Games. It advances the author’s previous research exploring the effects of stigma on the East End community hosting the Games, by looking at some of the processes of power and profit which motivate stigmatising processes by ‘gazing up’, rather than ‘gazing down’. That is, looking at the role of the stigmatisers in this project and not the stigmatised. It draws loosely on Goffman’s concept of ‘backstage’ to shed light on those who produce and profit from these stigmatisation processes, including government bodies and actors and private business interests. Looking at some of the processes through which stigmatisation is profited from reveals not only forms of power vital to this process but that it is a key form of exploitation integral to capital accumulation. Under austerity, the political economy of the Games constitutes state support of private finance and a simultaneous withdrawal of social welfare support, which transfers the burden of debt from the state to the individual and wealth from public funds to private funds.

Cheapness and (labor-)power: The role of early modern Brazilian sugar plantations in the racializing Capitalocene

2018 ◽  
Vol 38 (1) ◽  
pp. 35-52
Author(s):  
Joshua R Eichen
Keyword(s):  
Early Modern ◽  
Capital Accumulation ◽  
Northeast Brazil ◽  
Emergent Relations ◽  
Industrial Sites ◽  
Cheap Labor ◽  
Labor Power ◽  
Sugar Plantations ◽  
Spatio Temporal

This essay looks at the historical geography of sugar plantations in Northeast Brazil during the 16th- and 17th-centuries to critique the spatio-temporality of the discourse of the Anthropocene. I argue that sugar plantations were key places in early systemic cycles of capital accumulation with their grim calculus of cheap labor-power and acceptable deaths. Sugar plantations were simultaneously prototypical racializing state actors and part of the emergent relations of capital changing the climate. With their rationalized, time-disciplined labor for processing cane into sugar, plantations were not only fundamentally proto-industrial sites, but also one of capital’s laboratories of modernity. They were primordial sites of proletarianization, of spatio-temporal patterns that repopulated the Americas and central in the production not of the Anthropocene but of the racializing Capitalocene.

English Apprenticeship: A Neglected Factor in the First Industrial Revolution

2006 ◽  
Author(s):  
Jane Humphries
Keyword(s):  
Human Capital ◽  
Transaction Costs ◽  
Social Exclusion ◽  
Capital Accumulation ◽  
Industrial Revolution ◽  
Contract Enforcement ◽  
Human Capital Accumulation ◽  
Poor Children

This chapter examines the role of apprenticeship in the British Industrial Revolution. The apprenticeship system contributed in four ways. First, it provided training of necessary skills in the expanding area of employment and newer sectors. Second, it promoted efficient training among masters and men. Third, it reduced the transaction costs involved in transferring resources from agriculture to non-agriculture and facilitated the expansion of sectors which promoted trade and commerce. Finally, apprenticeship saved poor children from social exclusion and enabled them to become more productive adults. The chapter also suggests that the apprenticeship system also created a structure of contract enforcement which ensured that both masters and trainees would derive the benefits from human capital accumulation.

scholarly journals The Role of Kuzbass in the New Strategy of Socio-Economic Development of Russia in the Fourth System Cycle of Capitalist Accumulation: the World-System Analysis

2018 ◽  
Vol 41 ◽  
pp. 04032 ◽  
Author(s):  
Natalya Osokina
Keyword(s):  
Economic Development ◽  
System Integration ◽  
Capital Accumulation ◽  
System Analysis ◽  
Raw Materials ◽  
World System ◽  
The World ◽  
Socio Economic Development ◽  
Conceptual Foundations

The aim of the research is to develop the conceptual foundations of the strategy of socio-economic development for mining region (on the example of Kuzbass) under the conditions of the fourth systemic cycle of capitalist accumulation. The relevance of the issue is determined by the need to eliminate the growing lag of Russia behind the world economy leaders, which is impossible without a new vision of the role of resourceproducing regions in the national economic system. Integration of Russia into the capitalist world-system on the basis of the Washington Consensus has formed in it a raw-materials export model in which its natural resources serve the accelerated economic growth of the competing countries. The accumulation of individual capitals dominates the social capital accumulation, which leads to a reduction in Russia's share in world GDP and population. This article presents the conceptual foundations of the Kuzbass development strategy in accordance with the new conditions for the Russian economy performance in the fourth systemic cycle of capitalist accumulation.

COMPLEMENTARITY, SUBSTITUTABILITY AND STRATEGIC ACCUMULATION OF CAPITAL

2002 ◽  
Vol 04 (04) ◽  
pp. 371-390 ◽  
Author(s):  
CHARLES FIGUIERES
Keyword(s):  
Differential Games ◽  
Capital Accumulation ◽  
Dynamic Properties ◽  
Initial Condition ◽  
Long Run

The preemptive role of capital is analyzed in a class of differential games of capital accumulation with reversible investment for two symmetric players. Two dynamic concepts of interaction are defined: feedback substitutability and feedback complementarity. These concepts are useful for exploring the dynamic properties of the stocks. In particular it is proved that if the equilibrium of the game is characterized by feedback substitutability, the firm with the higher initial condition overshoots his long-run level of capital.

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