379
Views
5
CrossRef citations to date
0
Altmetric
Articles

Trends of Marxian Ratios in South Korea, 1980–2014

&

References

  • Bank of Korea. 2014. Hangug-ui Gugmindaechadaejopyo Haeseol. [Korean National Balance Sheet]. Seoul: Hangugeunhaeng.
  • Bank of Korea. 2017a. Input-Output Tables, 1980–2014. https://ecos.bok.or.kr.
  • Bank of Korea. 2017b. National Accounts (Reference Year 2010), 1980–2014. https://ecos.bok.or.kr.
  • Bank of Korea. 2017c. National Balance Sheets, 1980–2014. https://ecos.bok.or.kr.
  • Bhaduri, A., and S. Marglin. 1990. “Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies.” Cambridge Journal of Economics 14 (4): 375–393.
  • Brenner, R. 1998. “Uneven Development and the Long Downturn: The Advanced Capitalist Economies from Boom to Stagnation, 1950–1998.” New Left Review 229: 1–264.
  • Brenner, R. 2002. The Boom and the Bubble: The US in the World Economy. London: Verso.
  • Chang, H.-J., and C.-G. Yoo. 1999. “The Triumph of the Rentiers? The 1997 Korean Crisis in a Historical Perspective.” New York: New School for Social Research, CEPA Working Paper Series III, International Capital Markets and the Future of Economic Policy, Working Paper No. 12.
  • Chesnais, F. 1996. La Mondialisation Financière. Paris: Syros.
  • Cho, B.-H. 2007. “Hangug-ui Geum-yungsiseutem Byeonhwa: Geum-yunghwaui Baljeon” [Development of Financial System and Financialization in Korea]. Sahoe Gyeongje Pyeongnon [The Review of Social & Economic Studies] 29 (1): 253–296.
  • Chon, C.-H., and K.-S. Lee. 2018. Letter of Intent: Updated Memorandum on the Economic Program for the Second Quarterly Review, 1998. Accessed June 4, 2019. https://www.imf.org/external/np/loi/050298.htm.
  • Cockshott, P., A. Cottrell, and G. Michaelson. 1995. “Testing Marx: Some New Results from UK Data.” Capital and Class 19 (1): 103–130.
  • Crotty, J. 2003. “The Neoliberal Paradox: The Impact of Destructive Product Market Competition and Impatient Finance on Nonfinancial Corporations in the Neoliberal Era.” Review of Radical Political Economics 35 (3): 271–279.
  • Crotty, J., and K.-K. Lee. 2004. “Was the IMF’s Imposition of Economic Regime Change in Korea Justified? A Critique of the IMF’s Economic and Political Role Before and After the Crisis.” Amherst: Political Economy Research Institute, University of Massachusetts Amherst, Working Paper Series 77.
  • Duménil, G., and D. Lévy. 2002. “The Profit Rate: Where and How Much Did It Fall? Did It Recover? (USA 1948–2000).” Review of Radical Political Economics 34 (4): 437–461.
  • Duménil, G., and D. Lévy. 2004. Capital Resurgent: Roots of the Neoliberal Revolution. Cambridge, MA: Harvard University Press.
  • Duménil, G., and D. Lévy. 2011. “Unproductive Labour as Profit-rate-maximizing Labour.” Rethinking Marxism 23 (2): 216–225.
  • Foley, D. 2000. “Recent Developments in the Labor Theory of Value.” Review of Radical Political Economics 32 (1): 1–39.
  • Gouverneur, J. 1990. “Productive Labour, Price/Value Ratio and Rate of Surplus Value: Theoretical Viewpoints and Empirical Evidence.” Cambridge Journal of Economics 14 (1): 1–27.
  • Hong, J.-P. 2014. “Hangug-ui Gineungjeog Sodeugbunbaewa Gyeongjeseongjang: Suyochejewa Saengsanseongcheje Bunseog-eul Jungsim-eulo.” [Functional Income Distribution and Economic Growth in Korea: An Empirical Analysis of Demand Regime and Productivity Regime] Gyeongje Baljeon Yeongu [Journal of Korean Economic Development] 20 (2): 67–97.
  • Jeong, Sangjun. 2012. “Geullobeol Geum-yung-wigiwa Gwasosobilon: Siljeungjeog Bipan” [An Empirical Refutation of the Underconsumptionist Account of the Global Financial Crisis] Mareukeuseujuui Yeongu [Marxism 21] 9 (2): 137–171.
  • Jeong, Seongjin. 2007. “Trend of Marxian Ratios in Korea: 1970–2003.” In Marxist Perspectives on South Korea in the Global Economy, edited by M. Hart-Landsberg, S. Jeong, and R. Westra, 35–64. Aldershot: Ashgate.
  • Jeong, Seongjin. 2011. “Crisis of Financialization or Crisis of Falling Rate of Profit: A Reinterpretation of the ‘Great Recession’.” The Review of Social & Economic Studies 37 (2): 107–151.
  • Joo, S.-Y. 2017. “Hangug-ui Sodeugjudo Seongjang: Yeogeon Bunseog Mich Jeongchaegjeog Non-ui” [Income-led Growth for Korea: Conditions and Policy Discussions]. Yesan Jeongchaeg Yeongu [Journal of Budget and Policy] 6 (2): 117–149.
  • Kim, J.-I. 2006. “1990nyeondae Ihu Hanguggyeongje-ui Gujobyeonhwawa Goyongmunje” [Structural Change and Employment Problem of Korea since the 1990s]. Hanguk Gyeongjeui Bunseok [Journal of Korean Economic Analysis] 12 (2): 1–57.
  • Kim, J.-J. 2004. “Changes in the Rate of Surplus Value in Korea since 1980s and the Implications for Economic Alternatives.” Paper, 2004 Conference of the Korean Association for Political Economy.
  • Kliman, A. 2012. The Failure of Capitalist Production: Underlying Causes of the Great Recession. London: Pluto.
  • Koo, H. 2001. Korean Workers: The Culture and Politics of Class Formation. Ithaca: Cornell University Press.
  • Lee, K.-K. 2017. “Sodeugjudo Seongjang: Ilon, Siljeung, Geuligo Hangug-ui Nonjaeng” [Income-Led Growth: Theory, Empirical Study, and the Debate in Korea]. Jaejeonghang Yeongu [Korean Journal of Public Finance] 10 (4): 1–43.
  • Maniatis, T. 2005. “Marxian Macroeconomic Categories in the Greek Economy.” Review of Radical Political Economics 37 (4): 494–516.
  • Marx, K. 1976. Capital: Volume. I. London: Penguin Classics.
  • Marx, K. 1978. Capital: Volume. II. D. London: Penguin Classics.
  • Ministry of Employment and Labour. 2017. Raw Data of Survey on Labour Conditions by Employment Type, 1980–2014. Seoul: Ministry of Employment and Labour.
  • Mohun, S. 2005. “On Measuring the Wealth of Nations: The US Economy, 1964–2001.” Cambridge Journal of Economics 29 (5): 799–815.
  • OECD. 2018. Self-employment Rate (Indicator), 2016. https://data.oecd.org/emp/self-employment-rate.htm.
  • Orhangazi, Ö. 2008. “Financialisation and Capital Accumulation in the Non-financial Corporate Sector: A Theoretical and Empirical Investigation on the US Economy: 1973–2003.” Cambridge Journal of Economics 32 (6): 863–886.
  • Paitaridis, D., and L. Tsoulfidis. 2012. “The Growth of Unproductive Activities, the Rate of Profit, and the Phase-Change of the U.S. Economy.” Review of Radical Political Economics 44 (2): 213–233.
  • Rieu, D.-M., and H.-W. Park. 2020. “Unproductive Activities and the Rate of Surplus Value at the Industry Level in Korea, 1995–2015.” Journal of Contemporary Asia 50 (2).
  • Seo, H.-J., K.-S. Kim, and Y.-S. Lee. 2011. “Geum-yunghwaneun Hanguggieobdeul-ui Seolbituja Bujin-eul Cholaehayeossneunga?” [Does Financialization Induce the Slowdown of Korean Firms’ Investment?]. Gyeongsang Nonchong [Koreanische Zeitschrift fuer Wirtschaftswissenschaften] 29 (3): 137–163.
  • Shaikh, A., and E. Tonak. 1994. Measuring the Wealth of Nations: The Political Economy of National Accounts. New York: Cambridge Books.
  • Stockhammer, E. 2004. “Financialisation and the Slowdown of Accumulation.” Cambridge Journal of Economics 28 (5): 719–741.
  • Stockhammer, E. 2008. “Some Stylized Facts on the Finance-dominated Accumulation Regime.” Competition and Change 12 (2): 184–202.
  • Stockhammer, E. 2011. “Wage-led Growth: An Introduction.” International Journal of Labour Research 3 (2): 167–188.
  • Stockhammer, E., and Ö. Onaran. 2012. “Wage-Led Growth: Theory, Evidence, Policy.” Amherst: Political Economy Research Institute, University of Massachusetts Amherst, Working Paper Series 300.
  • World Bank. 2018. GDP Growth (Annual %), 2000–2016. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?view=chart.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.