Wage share and economic growth in Latin America, 1950-2011

Wage share and economic growth in Latin America, 1950-2011

This article builds series of wage shares in gross domestic product (GDP) for 15 Latin American economies individually and as a group for the period 1950-2010. Using different methodologies, it is established that wage share is non-linear and has undergone two major cycles. The article discusses var...

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Autor principal: Alarco Tosoni, Germán
Formato: Texto
Lenguaje:English
Publicado: 2014
Materias:
SALARIOS
PRODUCTO INTERNO BRUTO
CRECIMIENTO ECONOMICO
MODELOS ECONOMETRICOS
WAGES
GROSS DOMESTIC PRODUCT
ECONOMIC GROWTH
ECONOMETRIC MODELS
Acceso en línea:http://hdl.handle.net/11362/37418
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spelling oai-11362-374182020-03-06T16:50:27Z Wage share and economic growth in Latin America, 1950-2011 Alarco Tosoni, Germán SALARIOS PRODUCTO INTERNO BRUTO CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS WAGES GROSS DOMESTIC PRODUCT ECONOMIC GROWTH ECONOMETRIC MODELS This article builds series of wage shares in gross domestic product (GDP) for 15 Latin American economies individually and as a group for the period 1950-2010. Using different methodologies, it is established that wage share is non-linear and has undergone two major cycles. The article discusses various authors, especially classic and post-Keynesian thinkers, who have explored the relationship between wage share in GDP and economic activity. It is also shown that the post-Keynesian approach is relevant in explaining that the main variables determining real gdp variations include wage share, gross capital formation and exports of goods and services. However, the contribution of wage share to real output growth has declined from the 1980s onwards. 2014-12-10T12:41:37Z 2014-12-10T12:41:37Z 2014-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/37418 LC/G.2614-P 3 en CEPAL Review CEPAL Review 113 .pdf application/pdf AMERICA LATINA LATIN AMERICA
institution Cepal
collection Cepal
language English
topic SALARIOS
PRODUCTO INTERNO BRUTO
CRECIMIENTO ECONOMICO
MODELOS ECONOMETRICOS
WAGES
GROSS DOMESTIC PRODUCT
ECONOMIC GROWTH
ECONOMETRIC MODELS
spellingShingle SALARIOS
PRODUCTO INTERNO BRUTO
CRECIMIENTO ECONOMICO
MODELOS ECONOMETRICOS
WAGES
GROSS DOMESTIC PRODUCT
ECONOMIC GROWTH
ECONOMETRIC MODELS
Alarco Tosoni, Germán
Wage share and economic growth in Latin America, 1950-2011
description This article builds series of wage shares in gross domestic product (GDP) for 15 Latin American economies individually and as a group for the period 1950-2010. Using different methodologies, it is established that wage share is non-linear and has undergone two major cycles. The article discusses various authors, especially classic and post-Keynesian thinkers, who have explored the relationship between wage share in GDP and economic activity. It is also shown that the post-Keynesian approach is relevant in explaining that the main variables determining real gdp variations include wage share, gross capital formation and exports of goods and services. However, the contribution of wage share to real output growth has declined from the 1980s onwards.
format Texto
author Alarco Tosoni, Germán
author_facet Alarco Tosoni, Germán
author_sort Alarco Tosoni, Germán
title Wage share and economic growth in Latin America, 1950-2011
title_short Wage share and economic growth in Latin America, 1950-2011
title_full Wage share and economic growth in Latin America, 1950-2011
title_fullStr Wage share and economic growth in Latin America, 1950-2011
title_full_unstemmed Wage share and economic growth in Latin America, 1950-2011
title_sort wage share and economic growth in latin america, 1950-2011
publishDate 2014
url http://hdl.handle.net/11362/37418
work_keys_str_mv AT alarcotosonigerman wageshareandeconomicgrowthinlatinamerica19502011
_version_ 1718440233538682880

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