Analysis of the Law of Falling Rate of Profit: European Case

Víctor M. Fernández-Aguilera, Ignacio Amate-Fortes and Almudena Guarnido-Rueda

Politická ekonomie, 2022, vol. 2022, issue 2, 193-208

Abstract: This work aims to analyse the existence or non-existence of a decreasing rate of profit in Europe and determine the factors influencing it according to the Marxist theory of profitability. To do so, a panel data model was estimated for seven European countries over more than 60 years (from 1960 to 2021, inclusive). The results obtained allow us to verify the tendency for profitability to fall, which could lead the capitalist system to fail.

Keywords: Marxian economics; falling rate of profit; panel data analysis (search for similar items in EconPapers)
JEL-codes: B51 C23 E11 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.18267/j.polek.1342

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