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(Article of periodic en Anglais - 2014)

Document title

Income distribution and growth : a global model

Authors(s) and Affiliation(s)

ONARAN Ö. (1) ; GALANIS G. (2) ;
(1) Dept. of International Business and Economics, Univ. of Greenwich, London, ROYAUME-UNI
(2) Dept. of Economics, Univ. of Warwick, Coventry, ROYAUME-UNI

Abstract

This paper estimates the effects of a change in the wage share on growth at global level in the G20 countries. A decrease in the wage share in isolation leads to lower growth in the euro area, Germany, France, Italy, the UK, the US, Japan, Turkey, and South Korea, whereas it stimulates growth in Canada, Australia, Argentina, Mexico, China, India, and South Africa. However, a simultaneous decline in the wage share in all these countries leads to a decline in global growth. Furthermore, Canada, Argentina, Mexico, and India also experience negative effects on growth when they decrease their wage share along with their trading partners. The results indicate that the global decline in labour share has had significant negative effects on growth.

Source

Article of periodic

published at : Environment & planning A / ISSN 0308-518X

Editor : Pion, London - ROYAUME-UNI (1974)

Millesime : 2014, vol. 46, no10 [pp. 2489-2513]

Bibliographic references : 2 p.

Collation : 1 fig., 7 tabl.

Language

Anglais

INIST-CNRS, Cote INIST : 15583 A

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1068/a46265

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
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