Functional distribution of income and growth regime in Peru, 1942−2013

This paper begins by reviewing the literature on the relation between economic growth and the functional distribution of income since the time of the classical economists, highlighting the work of Kalecki and the post-Keynesians who develop the growthregimes approach. It reconstructs and analyses st...

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Autores principales:	Alarco Tosoni, Germán, Castillo García, César
Formato:	Texto
Lenguaje:	English
Publicado:	2018
Materias:	DISTRIBUCION DEL INGRESO CRECIMIENTO ECONOMICO MEDICION INGRESOS SALARIOS PRODUCTO INTERNO BRUTO INCOME DISTRIBUTION ECONOMIC GROWTH MEASUREMENT INCOME WAGES GROSS DOMESTIC PRODUCT
Acceso en línea:	http://hdl.handle.net/11362/44325
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spelling	oai-11362-443252019-08-09T13:54:31Z Functional distribution of income and growth regime in Peru, 1942−2013 Alarco Tosoni, Germán Castillo García, César DISTRIBUCION DEL INGRESO CRECIMIENTO ECONOMICO MEDICION INGRESOS SALARIOS PRODUCTO INTERNO BRUTO INCOME DISTRIBUTION ECONOMIC GROWTH MEASUREMENT INCOME WAGES GROSS DOMESTIC PRODUCT This paper begins by reviewing the literature on the relation between economic growth and the functional distribution of income since the time of the classical economists, highlighting the work of Kalecki and the post-Keynesians who develop the growthregimes approach. It reconstructs and analyses statistics on the shares of wages, income from self-employment (or from mixed sources) and profits in Peru’s GDP between 1942 and 2013, and then compares these shares with the averages for Latin America and other economies. The study then makes a comparative analysis of trends in the wage share and rate of growth, and it estimates a simultaneous equations model using three-stage least squares (3SLS) and generalized method of moments (GMM) to determine the growth regime. The conclusion is that growth is wage-led, so distributional policies to increase this component would likely boost the level of economic activity. 2018-12-18T20:46:58Z 2018-12-18T20:46:58Z 2018-08-18 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/44325 LC/PUB.2018/6-P 10 en CEPAL Review CEPAL Review 125 .pdf application/pdf 1942 PERU PERU 2013
institution	Cepal
collection	Cepal
language	English
topic	DISTRIBUCION DEL INGRESO CRECIMIENTO ECONOMICO MEDICION INGRESOS SALARIOS PRODUCTO INTERNO BRUTO INCOME DISTRIBUTION ECONOMIC GROWTH MEASUREMENT INCOME WAGES GROSS DOMESTIC PRODUCT
spellingShingle	DISTRIBUCION DEL INGRESO CRECIMIENTO ECONOMICO MEDICION INGRESOS SALARIOS PRODUCTO INTERNO BRUTO INCOME DISTRIBUTION ECONOMIC GROWTH MEASUREMENT INCOME WAGES GROSS DOMESTIC PRODUCT Alarco Tosoni, Germán Castillo García, César Functional distribution of income and growth regime in Peru, 1942−2013
description	This paper begins by reviewing the literature on the relation between economic growth and the functional distribution of income since the time of the classical economists, highlighting the work of Kalecki and the post-Keynesians who develop the growthregimes approach. It reconstructs and analyses statistics on the shares of wages, income from self-employment (or from mixed sources) and profits in Peru’s GDP between 1942 and 2013, and then compares these shares with the averages for Latin America and other economies. The study then makes a comparative analysis of trends in the wage share and rate of growth, and it estimates a simultaneous equations model using three-stage least squares (3SLS) and generalized method of moments (GMM) to determine the growth regime. The conclusion is that growth is wage-led, so distributional policies to increase this component would likely boost the level of economic activity.
format	Texto
author	Alarco Tosoni, Germán Castillo García, César
author_facet	Alarco Tosoni, Germán Castillo García, César
author_sort	Alarco Tosoni, Germán
title	Functional distribution of income and growth regime in Peru, 1942−2013
title_short	Functional distribution of income and growth regime in Peru, 1942−2013
title_full	Functional distribution of income and growth regime in Peru, 1942−2013
title_fullStr	Functional distribution of income and growth regime in Peru, 1942−2013
title_full_unstemmed	Functional distribution of income and growth regime in Peru, 1942−2013
title_sort	functional distribution of income and growth regime in peru, 1942−2013
publishDate	2018
url	http://hdl.handle.net/11362/44325
work_keys_str_mv	AT alarcotosonigerman functionaldistributionofincomeandgrowthregimeinperu19422013 AT castillogarciacesar functionaldistributionofincomeandgrowthregimeinperu19422013
_version_	1718437017247809536

Functional distribution of income and growth regime in Peru, 1942−2013

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