Evaluating the falling rate of profit in the context of the UK economy

•We explore (a) the determinants of the profit rate in the context of the Marxian tradition and (b) by using a probabilistic framework of analysis, we investigate the factors associated with the occurrences of UK recessions.•We adopt an autoregressive distributed lagged (ARDL) model approach and a p...

Full description

Saved in:
Bibliographic Details
Published in:Structural change and economic dynamics 2022-06, Vol.61, p.84-94
Main Author: Alexiou, Constantinos
Format: Article
Language:English
Subjects:
ARDL
Marx
Probit model
Profit rate
UK recessions
Wage share
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!