Productive and Unproductive Sectors’ Interactions in Brazil: A Miyazawa Analysis

Henrique Morrone, Adalmir Marquetti and Alessandro Miebach

Review of Radical Political Economics, 2023, vol. 55, issue 2, 251-268

Abstract: This article employs Miyazawa’s method to investigate the interaction between productive and unproductive sectors during the 2002–2014 period in Brazil. The results showed a growing dependence of productive on unproductive sectors together with a rise in the unproductive share in the economy, particularly after 2008. Our ï¬ ndings stressed the relationship between the rising importance of unproductive industries and lower total output growth, as emphasized by the classical-Marxian literature. JEL Classification: B51, C67, P16

Keywords: Miyazawa’s model; classical-Marxian approach; unproductive sectors (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:55:y:2023:i:2:p:251-268

DOI: 10.1177/04866134221118653

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