A Classical-Marxian Growth Model of Catching Up and the Cases of China, Japan, and India: 1980-2014

被引：3
|
作者：
Marquetti, Adalmir [1 ]
Ourique, Luiz Eduardo [2 ]
Morrone, Henrique [3 ]
机构：
[1] Pontificia Univ Catolica Rio Grande do Sul PUCRS, Programa Posgrad Econ, Av Ipiranga 6681, BR-90619900 Porto Alegre, RS, Brazil
[2] Pontificia Univ Catolica Rio Grande do Sul PUCRS, Dept Matemat, Porto Alegre, RS, Brazil
[3] Univ Fed Rio Grande do Sul, Programa Posgrad Econ, Porto Alegre, RS, Brazil
来源：
REVIEW OF RADICAL POLITICAL ECONOMICS | 2020年 / 52卷 / 02期
关键词：
catching up; technical change; profit rate; labor productivity; mechanization; TECHNICAL CHANGE; TECHNOLOGY; PATTERNS;
D O I：
10.1177/0486613419878305
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article presents a classical-Marxian model of catching up wherein the leader country employs a technique with higher labor productivity and lower capital productivity than the follower's technique. The follower's higher profit rate allows for faster capital accumulation than the leader's. During the catching up phase, labor productivity rises while capital productivity and profit rate decline in the follower country. In addition, we discuss some stylized facts of catching up in China, Japan, and India in relation to the United States between 1980 and 2014. Catching up occurred when capital accumulation was higher in the followers. However, a high capital accumulation in the follower country can reduce capital productivity and profit rate to a level lower than the leader's, putting the process at risk. JEL Classification: O33, O41, O47
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页码：312 / 334
页数：23
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