A study of the world reproduction system: theoretical model and empirical evidence

QIAO Xiaonan1 ZHANG Yueying1 WU Yuting1

(1.School of Economics, Nankai University, Tianjin 300071)

【Abstract】Marx systematically elaborated on the theory of social reproduction in Capital, but the theory is based on the premise of closed economy. This paper extends the analysis from the closed economy into the open economy, introduces the international trade, and further studies the world reproduction system from the national and world dimensions. In the national dimension, the existence of international trade will significantly change the proportion relationship between the two major sectors of a country. In the world dimension, the role of international division of labor played by countries in the world’s two major sectors of production will determine the characteristics of their international trade. Based on the above theory, this paper further uses the world input-output table to measure the world reproduction system, and takes 2000 and 2009 as examples to investigate the evolution of the world reproduction system.

【Keywords】 social reproduction; world reproduction; international trade; international division of labor;

【Funds】 The National Social Science Fund of China (14BJL048) Fundamental Research Funds for Central Universities (63192221) Tianjin Higher Education Institution Research Consortium on Xi Jinping’s Thought on Socialism with Chinese Characteristics in the New Era

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    Footnote

    [1]. ① The value-based input-output table corresponds to the physical material-based input-output table. The former is measured by monetary value, while the latter reflects the industrial connections at the physical material level. It should be noted that the value in the value-based input-output table is different from the value discussed by Marx, which should not be confused.

    [2]. ② There is also literature that questions the issue of value conversion. For example, Feng (2008, 2009, 2010) believes it is a false proposition.

    [3]. ③ [Germany] Karl Marx. Capital(Volume 2). Beijing: People’s Publishing House, 438 (2004).

    [4]. ④ [Germany] Karl Marx. Capital(Volume 2). Beijing: People’s Publishing House, 438 (2004).

    [5]. ⑤ [Germany] Karl Marx. Capital(Volume 2). Beijing: People’s Publishing House, 559 (2004).

    [6]. ⑥ [Germany] Karl Marx. Capital(Volume 2). Beijing: People’s Publishing House, 439 (2004).

    [7]. ⑦ [Germany] Karl Marx. Capital(Volume 2). Beijing: People’s Publishing House, 551 (2004).

    [8]. ⑧ [Germany] Karl Marx. Capital(Volume 2). Beijing: People’s Publishing House, 465 (2004).

    [9]. ⑨ [Germany] Karl Marx. Capital(Volume 2). Beijing: People’s Publishing House, 473 (2004).

    [10]. ⑩ [Germany] Karl Marx. Theory of Surplus Value(Volume 2). Beijing: People’s Publishing House, 560 (1975).

    [11]. ⑪ The concept of constant capital in Marxist political economy is different from that in Western economics. The former is the capital used to purchase means of production, which in the process of production, only transfers its value to new goods, but cannot bring new value. Therefore, it is called constant capital. The latter refers to the capital that can be put into production again after a production cycle, such as machinery and equipment, while the raw materials that are put into production for only one time are not included.

    [12]. ⑫ Due to space limit, only the calculation results of the major economies are reported, and the results of other economies are available upon request.

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This Article

ISSN:1002-9621

CN: 11-1138/F

Vol 42, No. 05, Pages 3-26

May 2019

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Article Outline

Abstract

  • 1 Introduction
  • 2 Literature review
  • 3 Theoretical model
  • 4 Empirical research
  • 5 Empirical evidence ⑫
  • 6 Conclusion
  • Footnote

    References