Residue consumption rate table

All of the world s major economies, as well as scores of smaller, low-income nations, rely mainly on hydrocarbons. Crude oil now supplies two-fifths of the world s primary energy (Table 1). There are distinct consumption patterns in the shares of light and hea vy oil products the United States burns more than 40 percent of all its liquid fuels as gasoline, Japan just a fifth and the residual fuel oil accounts for nearly a third of Japanese use, but for less than 3 percent of the U.S. total. Small countries of the Persian Gulf have the highest per capita oil consumption (more than 5 t a year in the United Arab Emirates and in Qatar) the U.S. rate is more than 2.5 t a year European means arc around 1 t China s mean is about 120 kg, and sub-Saharan Africa is well below 100 kg per capita. 

The Kalecki modified schema retains the key characteristics of the Grossmann model. Constant capital still grows at 10 per cent each year compared to 5 per cent for variable capital, and this requires a steady increase in the proportion of profits saved, from 25 per cent in year 1 to 65.4 per cent in year 35. Also in keeping with the Grossmann model, the rate of profit steadily falls over time, from 33.3 per cent in year 1 to 14.6 per cent in year 35. The difference, however, is that capitalist consumption is not treated as a residual, dependent upon the amount of profits that happen to remain after the prior commitments of capital accumulation. In Table 7.2, capitalist consumption is modelled as an active component in the model, providing an important driver in the generation of profits, as capitalists cast money into circulation. 

---