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Ground‐Rent and Capital Accumulation in Australia

Nicolás Grinberg

Australian Economic Review, 2021, vol. 54, issue 2, 231-254

Abstract: This paper presents an original estimation of the size of the ground‐rent appropriated by competing social subjects in the Australian economy over the long term, and of several economic variables necessary to accomplish that measurement. The paper also assesses the relative importance of ground‐rent in total surplus‐value and the Australian process of capital accumulation, finding that it constitutes a significant portion. Finally, the paper estimates the determinants of the ground‐rent yielded by mining lands used to produced iron ore and mineral coal during the recent ‘commodities price boom’, stressing the importance of the location factor.

Date: 2021
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Handle: RePEc:bla:ausecr:v:54:y:2021:i:2:p:231-254