| U.S.
(1948-82) |
U.S.**
(1948-61) |
U.S.**
(1961-75) |
U.S.
(1975-82) |
Germany
(1961-91) |
Japan
(1961-91) |
||
| Profit Rate | -2.40
(-1.90) |
-2.18
(-0.87) |
-1.59
(-1.79) |
-1.23
(-3.05) |
-2.62 | -3.91
(-3.28) |
|
| Profit Share | -0.34 | -0.51 | -0.43 | +0.68 | -1.46 | -1.12 | |
| Output-Capital | -2.23
(-1.98) |
-1.77
(-0.80) |
-2.21
(-2.51) |
-2.20
(-4.01) |
-1.38 | -2.73
(-2.36) |
* When adjusted variables are available, observed ones are in parentheses. Otherwise only the latter are shown.
** The other possible demarcation of sub-periods in which a complete-cycle set brackets Brenner's critical period would be from 1948-1958 and 1958-75 (see Figures 1-2). Across these periods, for adjusted profit rates we get -3.16, -1.83, and for observed -2.40, -1.59; for profit shares -1.15, +.08; and for adjusted output-capital ratios -2.06, -2.14, and observed -1.59, -2.10, respectively.
