Real Wages and Economic Growth: A Structuralist Hypothesis in an Endogenous Growth Model

Alexandre Barros ()

No 49, Working Papers from Datamétrica Consultoria Econômica

Abstract: A modified version of Lucas endogenous growth model is development, incorporating the Idea that recessions have a positive effect on productivity increase. This model predicts that autonomous changes in real wages have a positive and permanent effect on GDP. A structural vector-autoregression with a standard Keynesian identification and Brazilian monthly data confirms this hypothesis.

Keywords: Wages and growth; structuralist hypothesis; endogenous growth. (search for similar items in EconPapers)
JEL-codes: O41 O43 O54 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1993, Revised 1993
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Citations: View citations in EconPapers (1)

Published in Anais do XV Encontro Brasileiro de Econometria.

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ftp://repec.datametrica.com.br/RePEc/dtm/wpaper/Real_Wages49.pdf Revised version, 1993. (application/pdf)
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