Technical Changes and the Rate of Profit in the Canadian Wood, Furniture, and Paper Industries

Datos Bibliográficos

ID4858566
AutoresM Webber (0000-0002-7697-3453, The University of Melbourne), Tonkin, S Tonkin (The University of Melbourne)
Año1988
Volumen20
Número12
Páginas1623-1643
Fecha de publicación1988-12-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEnvironment and Planning A Economy and Space (JOURNAL)
Identificadores de la revistaISSN: 0308-518X • E-ISSN: 1472-3409
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1068/a201623
OpenAlexW2053908617
IdiomaEN
Citas recibidas4
Referencias citadas5

In this paper the rate of profit is examined and the components of changes in the rate of profit are identified of the wood, furniture, and paper industries of Canada for the years 1952 to 1981. The rate of profit in the wood industry generally rose, until a dramatic fall since 1979 onwards; this fall was largely due to a collapse of market prices and to the effects of that collapse on the technical composition of capital (via changes in the rate of capacity utilization). Profit rates in the furniture industry have generally been rising because the rate of exploitation has risen, even though techniques of production have changed only slowly. In the paper industry profit rates have generally fallen, in response to rapid changes in technology. There is generally short-run variation in the technical composition of capital, which, therefore, is affected by market conditions as well as the technology embodied in fixed capital

Agricultural economics · Business · Commerce · Economics · Industrial organization · Microeconomics · Net profit · Profit rate · Rate of profit · Firm Innovation and Growth