Deindustrialization in a Marxian perspective: An empirical study of the Brazilian economy between 1995-2010

Lucas Milanez de Lima Almeida and Paulo Antonio de Freitas Balanco

Structural Change and Economic Dynamics, 2024, vol. 68, issue C, 224-239

Abstract: The article brings new indicators that reinforce the thesis that the Brazilian economy went through a process of deindustrialization. Based on the guiding principle of Marx's reproduction schemes, the instrument of inter-regional input-output analysis was used as empirical method. The output multipliers obtained from the Leontief and Ghosh models were used as indicators for measuring structural changes. Critical situations that can show whether there were structural changes in the sectors of the economy, considering both the local economic activity and its relationship with the world economy, are presented. The main results confirm the existence of a deindustrialization of the Brazilian economy. However, it was found that, in absolute and relative terms, the reduction in the capacity of the Brazilian manufacturing to drive the economy oscillated between moments of greater and lesser intensity. Furthermore, strong indications that the Brazilian primary sector is becoming an enclave were found.

Keywords: Marxian theory; Structural change; Deindustrialization; Brazilian economy; Input-output analysis (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:68:y:2024:i:c:p:224-239

DOI: 10.1016/j.strueco.2023.10.012

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