Capital Accumulation Research Articles

Which Institutions Foster Health Capital Accumulation in Sub-Saharan Africa?

Which Institutions Foster Health Capital Accumulation in Sub-Saharan Africa?

The rise and contestation of platform capitalism: Evidence from two food delivery blackouts in Malaysia

The vulnerability and inequality of on-demand gig workers around the world are epitomised by the insecure rights that arise from the legal implications of their status. They are the biggest victims of capital accumulation under platform capitalism, which has skilfully exploited this worker–employer relationship. The resistance of gig workers is essential to counter the powerful structural control structures of platform capitalism. However, theoretical developments in the ideology and resistance of the industrial relations processes that overshadow platform capitalism and empirical studies of them in non-Western contexts are underdeveloped. This study develops an analytical framework in the process of platform capitalism versus gig worker resistance and examines longitudinal resistance and changes and challenges to platform capitalism. A longitudinal analysis of food delivery boycotts for Malaysian p-hailing gig workers in 2022 and 2024 produced different results and complexities in terms of the robustness and continuity of this resistance. The study finds theoretical fluidity in the robustness of workers’ commodification processes under platform capitalism, the focus on organising motives and demands of resistance, and two routes of resistance to the powerful platform balance of power.

Uneven development instead of complementarity: how the repatriation of FDI-profits fuels capital accumulation in Germany

Uneven development instead of complementarity: how the repatriation of FDI-profits fuels capital accumulation in Germany

Quantifying farmers' Livelihood Efficiency, Regional Indicators and Its Influencing Factors: Implementing an Improved Sustainable Livelihood Framework

ABSTRACTResearch on sustainable livelihoods tend to emphasis on objective and macroregional aspects. However, there is space to expand research on the farmers' livelihoods in the context of poverty alleviation and rural revitalization development. This paper uses a field survey on farmers' livelihood efficiency, influencing factors and mechanisms of farmers' livelihood efficiency in the Qinba mountainous areas of southern Shaanxi China. Based on DEA and Tobit approaches, the authors investigate farmer livelihood efficiency and analyze the disparities according to the farm households' socio‐demographics descriptions. Findings of this study show that, livelihood efficiency is a new entry point of sustainable livelihoods for farmers, and currently, the overall livelihood efficiency of farmers in the study area is low, which needs to be further improved. The results also show that the willingness of environmental protection activities, village busses and government financial expenditure have a significant positive impact on the livelihood efficiency, while the abandonment has a significant negative impact on the livelihood efficiency of farmers. These factors have significant differences in the impact of farmers' technical efficiency and scale efficiency. The results further indicate that, utilization and conversion rate of the existing livelihood capital of farmers is low. Livelihood diversification should be stimulated to enhance “livelihood export” and its operation ability of livelihood capital accumulation. The study findings also propose that, there is a need of reform of dual paths to improve the efficiency of farmers' livelihood, and promote farmers' livelihood development with “wide path” and “wide choice.”

The Statistical Relationship between Industrial Development and Economic Growth: Empirical Evidence from Egypt

This paper aims to test the statistical relationship between industrial development and economic growth in Egypt. The study relied on the hypothesis that industrialization causes economic growth as measured by real gross domestic product, Also, economic growth causes industrialization, and a standard model was used to test this causal relationship, depending on the co-integration method, and using the error correction model (VECM). The results of the test model came to the existence of a unidirectional causal relationship in the short run from the real added value of the industrial sector to the real GDP, the real value added growth rate of the industrial sector causes the real GDP in the short run, the causal relationship between real GDP and labor supply is bidirectional in the short run, the causal relationship between real GDP and real capital accumulation is unidirectional in the long run from real GDP to real capital accumulation and bidirectional in the short run.

Role of innovation and human capital in regional economic growth and progress

Since 1999, China’s higher education has experienced significant growth, with the government dramatically increasing college enrollment rates, thereby enhancing the overall quality of education. However, most existing studies have primarily focused on the quantity of education, with little attention having been given to the impact of higher education quality (HEQ) on economic growth. This study aims to explore how higher education quality (HEQ) contributes to regional economic growth through scientific and technological innovation (STI) and human capital accumulation. Using panel data from 31 Chinese provinces from the period 1999 to 2022, panel regression models and instrumental variable methods were employed to analyze both the direct and indirect impacts of higher education quality (HEQ) on economic growth. The results confirm that improving higher education quality (HEQ) is crucial for sustaining China’s economic growth. More specifically, higher education promotes regional economic expansion both directly, by enhancing labor productivity, and indirectly, by facilitating scientific and technological innovation. Furthermore, the study suggests that the balanced distribution of educational resources across regions should be prioritized to support coordinated regional development. This research provides insights for policymakers on how balanced regional economic development can be achieved through educational and technological policies. This work also lays a foundation for future studies.

Improved water and sanitation in early life and cognition in adolescence: Evidence from four countries

Abstract Early life environmental exposures, such as drinking water quality and sanitation, can have long lasting effects on human capital accumulation. Using matched samples of over 8,000 children across Ethiopia, India, Peru, and Vietnam, this paper examines
the relationship between early life access to improved drinking water and improved sanitation and cognition at the age of fifteen. It finds that children with early life access to improved drinking water score 1.6 to 2.8 percentage points higher on math, reading,
and vocabulary tests. A similar, yet less precisely measured, pattern emerges for early life access to improved sanitation. Analysis by gender shows that the effects of early life drinking water access are stronger and more precise among girls. An examination of
pathways underlying these relationships provides preliminary evidence that learning over the life course is a leading mechanism. Quantifying these long-term cognitive benefits provides insight for directing and prioritizing resources for global efforts to
increase equitable access to improved drinking water and sanitation.

‘Neoliberalism, far-right politics, and the shrinking White middle class in Southern California’s Inland Empire’

ABSTRACT This article examines far-right, authoritarian politics among middle-class White communities of the Inland Empire region of Southern California. Grounded in a materialist theoretical framework and an analysis of 30 semi-structured interviews and the recent political-economic history of the region, I interrogate the political and social attitudes of study participants in relation to their experiences and perceptions of changing political-economic and sociocultural conditions in Southern California in the twenty-first century. Drawing upon Gramsci and the critical theoretical literature on authoritarian populism and neoliberalism, I consider how study participants’ authoritarian politics and ideologies reflect a reactionary political response to processes associated with the reorganization of racialized capital accumulation under neoliberalism. I argue that the appeal of these movements is, in part, how they provide commonsense (hegemonic) explanations for economic precarity, demographic shifts, and immigration, among other issues, while at the same time normalizing this increasingly exploitative and brutal regime of capital accumulation.

ANCIENT GREEK EXPERIENCE OF POLITICAL AND LEGAL REGULATION OF OIKONOMIA AS A BALANCE OF INDIVIDUAL AND GENERAL

The paper examines the political and legal means and ethical principles of harmonizing the interests of the individual and the general in the economic activity of ancient Greek society in the 8th–4th centuries BC. Explore the reform of the economic sphere, reveal the meaning of oikonomia, its structural components in the imagination and state legal practice of the ancient Greeks, highlight the shortcomings of legal regulation in matters of capital accumulation to level out the contradictions of the individual and the general. The ancient Greeks were aware of the antagonism between the individual and the general, understood the dynamic essence of their relationship and formed ethical and legal means of harmonizing the manifested contradiction. As a result of the pan-Athenian agreement, polic was determined as the dominant sphere, where oikonomia acted as a separate subject of citizen activity and consisted of three meanings: a) archaic form of blood-family economic activity, closed in itself, despotic in its essence and therefore destructive for the general; b) a household that naturally provides everything necessary for a patriarchal family and provides the opportunity for its owner to become a “master of industrial relations management.” Individual management experience ensures freedom for each citizen and can promote the interests of the general; c) chremastics is an element of оікіа. This type of activity, under the influence of egocentrism and an anti-human position, naturally threatens the common because it destroys the solidarity and democratic foundations of the policy. Therefore, certain types of chremastics (usury) were prohibited, and the type of activity itself was placed under ethical and legal control – in the form of voluntary charity. This policy was not effective and the way of managing authority was replaced by the state-legal way of managing domestic policy. Since the formation of the professional state apparatus and the formation of the Athenian Empire, oikonomia and chremastics have been transformed from a multiple phenomenon of the internal life of policy into a political lever of the external activities of the state. Athens was transformed into a large archaic оікіа – the majority of citizens and the state itself were enriched unlimitedly. Chremastics have become the dominant activity and value of the public sphere in Athens. This became one of the levers of a new imbalance of individual and general interests, the decline of ancient Greek civilization.

Nothing to hide: How governments justify the adoption of ag-gag laws.

Mainstream practices for producing meat, eggs, and dairy raise numerous concerns regarding public health, animal welfare, and environmental integrity. However, governments worldwide have expanded anti-whistleblower legislation that constrains informed public debate. Since 2019, several Canadian provinces have adopted so-called "ag-gag" laws designed to prevent hidden-camera investigations on farms and meat processing facilities. How do governments across Canada justify ag-gag laws as serving the public interest? To what extent do agricultural industry interests shape government adoption of ag-gag laws? Using Freedom of Information requests and debate records from provincial legislatures, we find that biosecurity is the most prominent justification for ag-gag laws, and that governments exhibit a close, collaborative relationship with industry actors. This case demonstrates that when it comes to contested sites of capital accumulation, governments are drawing on new spatial-legal tools to protect the status quo interests of private industry by dissuading dissent, debate, and public scrutiny.

A Kaleckian growth model of secular stagnation with induced innovation

AbstractThis paper works out a demand‐led growth model that draws on the Kaleckian‐Steindlian tradition to examine the relationships between income distribution, capacity utilization, and capital accumulation; on Goodwin‐type growth cycle models to investigate the dynamic interaction between labour market and distributive conflict; and on the induced innovation literature to link labour productivity growth to income distribution. We find that: (i) an increase in the labour share driven by stronger workers' bargaining power leads to faster capital accumulation and labour productivity growth in the long run, irrespective of the short‐run growth regime of the economy; (ii) a positive institutional shock to the labour share can either increase or decrease the long‐run employment rate, depending on the short‐run growth regime; and (iii) an increase in the labour share driven by negative technology shocks leads to faster capital accumulation and labour productivity growth in the long run only if the economy exhibits a short‐run wage‐led regime. This model then unifies classical/neo‐Goodwinian and Kaleckian views on the long‐run relationships between the labour share, employment, and growth within a more general Kaleckian framework of a labour‐constrained economy with induced technical change.

School District Housing Buyers and Educational Investment Returns: A Case Study of X District in Shanghai

As a dual carrier of educational resources and economic assets, school district housing has become an important tool for family educational investment and social class reproduction. This paper takes Shanghai's X District as an example to explore, from a sociological perspective, the purchasing behaviors of different groups regarding school district housing and their educational investment returns. It reveals the key role of school district housing in the accumulation of cultural and social capital. The study finds that high-income families, the middle class, and the working class in X District exhibit different demand tendencies when purchasing school district housing, reflecting goals of obtaining high-quality educational resources, expanding social capital, and achieving upward social mobility, respectively. The phenomenon of school district housing exacerbates the imbalance in the distribution of educational resources and limits social mobility.

Team-level drivers of human capital accumulation by entrepreneurs

Team-level drivers of human capital accumulation by entrepreneurs

Higher Education Investment, Human Capital Level, and High-Quality Economic Development: Evidence from Chinese Provincial Data

While extensive research has examined economic growth in China, the complex relationship between knowledge-based inputs and comprehensive development remains poorly understood, particularly at the provincial level. Previous studies have largely focused on traditional economic indicators, overlooking how education investment and human capital collectively shape multidimensional development outcomes across China's diverse regions. To address this gap, we construct a novel development index incorporating innovation, sustainability, and social progress metrics, analyzing panel data from 31 Chinese provinces (2000-2020) through two-way fixed effects models with instrumental variables. Our findings reveal that higher education investment significantly enhances comprehensive development, with this effect amplified in regions with greater human capital accumulation. Notably, regional heterogeneity analysis demonstrates stronger investment effectiveness in eastern provinces compared to central regions, while western provinces show no significant relationship. These results underscore the importance of regionally differentiated approaches to educational investment and human capital development, offering valuable insights for policymakers seeking to promote balanced growth across China's economically diverse landscape.

Digital industry agglomeration and urban innovation: Evidence from China

This study explores the relationship between digital economy and urban innovation from the perspective of economic agglomeration. Based on a panel data set of 285 Chinese cities from 2009 to 2019 and the classification of the digital industry by the National Bureau of Statistics, this study shows that an increased level of digital industry agglomeration significantly contributes to urban innovation, with more pronounced effects observed in larger cities and those in eastern and western regions. Further analysis of industry heterogeneity reveals that digital industry agglomeration not only boosts innovation within the digital industry but also enhances it in non-digital industries. Additionally, digital industry agglomeration appears more conducive to promoting innovation in green technology industries than in non-green technology industries. The mechanism analysis reveals the mediating effect of data capital accumulation, market size expansion, and digital technology spillover on urban innovation. The Sobel test reveals that data capital accumulation has the largest mediating effect on total patents, while digital technology spillover has the strongest mediating effect on invention patents. This study enriches the existing understanding of the agglomeration effect of the digital industry on urban innovation and sheds light on the mechanisms driving urban innovation in emerging economies.

Optimal taxation, differential mortality, and endogenous human capital accumulation in China

Optimal taxation, differential mortality, and endogenous human capital accumulation in China

Theorizing Labor in the Platform Economy: Labor Restructuring in Historical Perspective

ABSTRACTThe rise of the platform economy is one of the most widely debated issues in contemporary studies of work and labor relations. Scholarly work on platform labor has been permeated by claims of radical restructuring, either caused or exacerbated by the disruptive properties of algorithms, networks and data‐driven systems of control. However, a growing body of literature has drawn attention to the weaknesses of such claims, highlighting several continuities in the organization of work between the pre‐platform and platform economy, including in labor processes and in the regulation of labor‐capital relations. This article reviews key theoretical interventions within these areas of the literature, arguing that they eventually point toward the lack of historical distinctiveness of platform labor. It then suggests that a more nuanced and critical understanding of labor restructuring and platformization as part of a process of systemic social change would benefit from engagement with the theory of Uneven and Combined Development (U&CD). This engagement would build on two lines of inquiry: workforce diversity and spatial differentiation in the platform economy. The article concludes that U&CD is a useful meta‐theoretical framework to understand change within continuity, accounting for the variegated experiences of platform workers in interconnected spaces of capitalist accumulation.

Indicators of Attracting Foreign Direct Investment in Developing Countries: Evidence from Vietnam

In today’s global economy, whether in advanced or emerging markets, the importance of being open to trade and investment is widely acknowledged as a key driver of economic growth. This economic openness is primarily demonstrated through the unrestricted exchange of goods and services as well as the free movement of international capital. While previous studies have investigated the effects of export-driven, import-driven, and capital-driven growth strategies, this research focuses on analyzing the impact of each indicator of the Provincial Competitiveness Index (PCI) on attracting foreign direct investment (FDI). By utilizing a panel data model covering 63 provinces and cities in Vietnam from 2018 to 2022, this study explores the correlation between PCI, FDI, and economic expansion. Findings suggest that export-oriented growth policies can be more effective in fostering the development of Asian emerging economies than FDI-centric approaches. Nonetheless, FDI continues to be crucial for technology transfer, capital accumulation, and knowledge exchange in management. Regions with advanced economies are more appealing to FDI, while provinces with distinctive industrial strengths also attract foreign investment. To further boost FDI inflows, it is advised that the government streamline market entry procedures, reduce administrative and tax burdens, increase transparency, and promote fair competition. These measures are anticipated to improve the investment climate and enhance competitiveness on the global stage.

Marx-Biased Technical Change and International Profit-Rate Convergence: The Case of Mexican Manufacturing

The article studies the fall in the output/capital (OC) ratio in Mexican manufacturing, contrasting the hypotheses of high labor costs versus convergence toward the United States as drivers of Marx-biased technical change. While econometric estimations reject the labor-cost hypothesis—as do the evidence from wage-profit curves—they support the convergence one, showing in addition that convergence increased with the degree of US-Mexican industrial integration. Downward OC convergence, moreover, led to downward convergence in profit rates. Convergence aside, capital accumulation itself pushed the OC ratio down, confirming a tendency of accumulation to depress the profit rate. The estimations—for the change in the profit rate and the OC ratio—rely on a comprehensive annual panel of 17 Mexican manufacturing industries over the period 1992–2019. JEL Classification: C23, F15, F63, O14, O33

Don’t forget institutions: a review essay of The Economics of Prosperity

AbstractExchange, division of labor, technology, capital accumulation, and entrepreneurship all contribute to economic growth. In The Economics of Prosperity, Ritenour explains how each of these concepts allow countries to develop and flourish. This book attempts to provide an extensive survey of Austrian literature surrounding development, while still preserving the author’s opinions around debated issues such as the person and function of the entrepreneur. Ritenour also takes the institution of secure private property rights as a given. This paper argues that strong private property rights must precede any discussion of exchange and specialization, particularly because exchange presupposes ownership. The ruler or ruling elites have to concede some power and uphold a strict rule of law to protect private property rights. Additionally, this paper also extends the discussion to cultural and institutional factors behind innovation and economic development, instead of relying on the Weberian work ethic to explain the Industrial Revolution. In short, economic growth requires good economic principles.