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We show that public firm profit rates fell by half since 1980. Inferred as the residual from the rise of US corporate … profit rates in aggregate data, private firm profit rates doubled since 1980. Public firm financial returns matched their … fall in profit rates, while public firm representativeness increased from 30% to 60% of the US capital stock. These results …
Persistent link: https://www.econbiz.de/10013306917
profit with a possibility to earn enough to repay their debt and with positive balances for all actors. The author will prove … pure credit economy, it remains impossible to gain a monetary profit for all actors. More precisely that the total sum of … monetary profit over all actors is zero. …
Persistent link: https://www.econbiz.de/10010230896
monetary profit with the possibility to earn enough to repay their debt, with positive balances for all actors. The author … credit economy, it remains impossible for all actors to gain a monetary profit. …
Persistent link: https://www.econbiz.de/10010259975
The volume of profits in an economy is a magnitude, which is out of sight of orthodox macroeconomic textbooks and effectively ignored by neoclassical macroeconomics. In contrast, Kalecki's approach brings to the forefront the sources of profits and makes possible their further analysis. In a...
Persistent link: https://www.econbiz.de/10013074584
profit share has been increasing while firm entry has been declining. All else equal, the more back-loaded profits are, the … an increase in the aggregate profit share. Empirically, profits have become more back-loaded. Using a quantitative life …
Persistent link: https://www.econbiz.de/10013221699
accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …
Persistent link: https://www.econbiz.de/10015057213
1998-2000 period. Subsequent revisions reveal that the profitability of the nation's corporate sector in the late 1990s was … sectors, firms' inflated statements of profit - may help explain the large downward revisions …
Persistent link: https://www.econbiz.de/10014069302
thus a loss in competitiveness. Therefore, theoretically, aggregate demand can be either wage-led or profit-led depending …
Persistent link: https://www.econbiz.de/10014211364
Using two unifying models and an empirical exercise, this paper presents and extends the main theories linking income distribution and growth, as well as the relevant empirical evidence. The first model integrates the political economy and imperfect capital markets theories. It allows for...
Persistent link: https://www.econbiz.de/10014061180
The COVID-19 pandemic eventually gave rise to large increases in profits, profit shares and inflation rates. A major … controversy has developed among economists and in the media about whether this was largely caused by profit inflation, that is, by … increases in the percentage mark-ups set by firms. The paper attempts to clear some confusions regarding the issue of profit …
Persistent link: https://www.econbiz.de/10015057215