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

Authors :
Almeida, Lucas Milanez de Lima
Balanco, Paulo Antonio de Freitas
Source :
Structural Change & Economic Dynamics. Mar2024, Vol. 68, p224-239. 16p.
Publication Year :
2024

Abstract

• The article proposes an empirical analysis of Brazilian deindustrialization from a Marxian perspective. • Inter-regional input-output analysis is the quantitative instrument used to measure deindustrialization indicators. • Two critical situations indicating structural change are proposed. • The results indicate a process of deindustrialization in Brazil between 1995 and 2010. • The results show that the primary sector is gaining ground in the dynamization of Brazilian capitalism. 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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0954349X
Volume :
68
Database :
Academic Search Index
Journal :
Structural Change & Economic Dynamics
Publication Type :
Academic Journal
Accession number :
175603212
Full Text :
https://doi.org/10.1016/j.strueco.2023.10.012