World profit rates, 1960-2019

Arbeitspapier

In this paper we present estimates of the world profit rate using country-level data from the Extended Penn World Table 7.0 and industry-level data from the World Input Output Database. The country-aggregated world profit rate series spans the period from 1960 to 2019, and the industry-aggregated world profit rate series runs from 2000 to 2014. The country-aggregated world profit rate series displays a strong negative linear trend for the period 1960-1980 and a weaker negative linear trend from 1980 to 2019. A medium run decomposition analysis reveals that the decline in the world profit rate is driven by a decline in the output-capital ratio. The industry-aggregated world profit rate shows a negative linear trend for the period 2000-2014, which, once again, is driven by a fall in the output-capital ratio. We have created a World Profitability Dashboard to allow researchers to freely access profit rate series and the underlying data at country, industry, country-group and world levels of aggregation.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2022-02

Classification and Topics

• Classification: Wirtschaft ; Current Heterodox Approaches: Socialist; Marxian; Sraffian
• Subject: profit rate ; profit share ; output-capital ratio ; profitability decomposition

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Basu, Deepankar ; Huato, Julio ; Jauregui, Jesus Lara ; Wasner, Evan
• Event: Veröffentlichung
• (who): University of Massachusetts, Department of Economics
• (where): Amherst, MA
• (when): 2022

Further information

• DOI: doi:10.7275/43yv-c721
• Handle: http://hdl.handle.net/10419/266992
• Last update: 10.03.2025, 11:43 AM CET