Demanda efetiva, conflito distributivo e regime de acumulação em um modelo estruturalista de ciclo: os casos britânico e turco

Raphael Rocha Gouvêa and Gilberto Libanio
Additional contact information
Raphael Rocha Gouvêa: USP

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: This paper discusses the existence of different accumulation regimes in developed and developing economies. The central issue to be analyzed refers to the effect of an increase in the wage share in national income on output growth. When such increase positively affects output, the accumulation regime is wage-led. Otherwise, the regime is profit-led. The main hypothesis to be tested is that developing economies are characterized by wage-led regimes, whereas in developed countries accumulation is profit-led. In this paper, we apply the model developed by Barbosa-Filho and Taylor (2006) to test this hypothesis for the cases of UK and Turkey. The empirical evidence presented here, by the use of a VAR model, supports the hypothesis.

Keywords: effective demand; functional income distribution; accumulation regimes (search for similar items in EconPapers)
JEL-codes: E32 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2007-10
New Economics Papers: this item is included in nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cedeplar.ufmg.br/pesquisas/td/TD%20322.pdf (application/pdf)

Related works:
Working Paper: DEMANDA EFETIVA, CONFLITO DISTRIBUTIVO E REGIME DE ACUMULAÇÃO EM UM MODELO ESTRUTURALISTA DE CICLO: OS CASOS BRITÂNICO E TURCO (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cdp:texdis:td322

Ordering information: This working paper can be ordered from
Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil

Access Statistics for this paper

More papers in Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil. Contact information at EDIRC.
Bibliographic data for series maintained by Gustavo Britto ().