EMVA 1.0 - Amostra de 48 empresas

This research uses accounting data from a sample of 48 companies listed on B3 and the Ibovespa indicator to develop the reproduction schemes of the Brazilian economy between 2010 and 2021. The objective is to analyze the evolution of the condition of intersectoral balance and its relation with the variation in the average rate of profit in the period. An increase in intersectoral disproportion was observed between the companies in the sample, in addition to a drop in the average rate of profit in the years 2010 to 2015. Between 2016 and 2021, the relation between the two series seems to change. In particular, between 2016 and 2017, there was a recovery in the average rate of profit with an increase in intersectoral disproportion. Among the hypotheses that help to explain this behavior in the dynamics of the expanded reproduction of the sample of companies are: 1) the reduction in the constant capital of the companies in the sector of production of means of production, 2) the increase in the average rate of surplus value and 3) the advance of deforestation as a way of partially compensating for the increase in intersectoral disproportion. This last hypothesis seems to be associated with a process of self-colonization of the national territory, which would indicate a way in which it would be possible in the Brazilian economy for the increase in intersectoral disproportion and the increase in the average rate of profit to be compatible.