Re: [OPE-L] estimates of the value of c as a % of GNP?

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Tue Apr 05 2005 - 05:26:19 EDT

I have only done time series for this in the UK from the 1870s to the
mid 1980s.

I am aware of a Swedish study covering the same sort of time period

-----Original Message-----
From: OPE-L [mailto:OPE-L@SUS.CSUCHICO.EDU] On Behalf Of
Sent: 04 April 2005 19:27
Subject: [OPE-L] estimates of the value of c as a % of GNP?

>  The norm would be for
> wages to represent a roughly stable share of GNP and for
> accumulation to increase the stock of constant capital.

Paul C,

What are some empirical estimates of the monetary value
of the stock of c as a percentage of GNP (or GDP)?   Is the
long-term empirical trend for this percentage to remain
stable,  decrease, or increase?  (Note that I am not asking
for a theoretical claim one way or another -- just empirical
estimates in as many countries and time periods that list
members are aware of.)

In solidarity, Jerry

PS: where we have both GNP and GDP data,  which one
should Marxians use?  Why?

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