Asset accumulation by the middle class and the poor in Latin America: political economy and governance dimensions

Includes bibliography

The accumulation process and agrofood networks in Latin America

Includes bibliography

Social use of the surplus, accumulation, distribution and employment

Includes bibliography

The process of accumulation and the weakness of the protagonists

Includes bibliography

Debt accumulation in the Caribbean: origins, consequences and strategies

Includes bibliography

Do demand and profitability stimulate capital accumulation? An analysis for Brazil

This article tests whether the profit share of gdp and capacity utilization affect capital accumulation in Brazil in the period 1950-2008 (in the sense of Granger causality). The methodology developed by Toda and Yamamoto (1995) is used to verify the Granger non-causality hypothesis. The results show that capacity utilization “Granger-causes” capital accumulation in the Brazilian economy and, also that the profit share of gdp does not “Granger-cause” the national investment-capital ratio. This corroborates the Kaleckian proposal based on the fundamental role of the accelerator, and suggests that the Brazilian economy can grow with either a concentration or a de-concentration of income, provided a suitable institutional arrangement is in place.