[Marxism] Value added in WB statistics

[Joonas Laine <jjonas@xxxxxx>]

I was looking for a few salient statistics for my introdution's part
about the political situation of the region I am living in, and came
across a World Bank statistics table which gave information about "value
added" in the economy. They give the definion thus:

"Value added in industry (% of GDP)
Definition: Industry corresponds to ISIC divisions 10-45 and includes
manufacturing (ISIC divisions 15-37). It comprises value added in
mining, manufacturing (also reported as a separate subgroup),
construction, electricity, water, and gas. Value added is the net output
of a sector after adding up all outputs and subtracting intermediate
inputs. It is calculated without making deductions for depreciation of
fabricated assets or depletion and degradation of natural resources. The
origin of value added is determined by the International Standard
Industrial Classification (ISIC), revision 3."

Now, what I would like to ask is, how does this relate to Marx's
formulae for reckoning the surplus? Offhand this would seem roughly an
ok way to do it, but it would help if people with more experience with
these things could confirm (or refute) this.

--
jjonas @ nic.fi


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