Distribution and productivity growth: an empirical exercise applied to selected Latin American countries
Douglas Alencar (),
Frederico Jayme Jr (),
Gustavo Britto and
Claudio Puty ()
No 589, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais
In this article we analyze, from a Latin American structuralist perspective, whether productivity growth is affected by growth in income and employment. In order to test our hypothesis, we have chosen a sample of Latin American countries that represent 86% of the region’s gross domestic product. We perform an econometric test of the so-called Kaldor-Verdoon parameter and the employment growth parameter for the selected countries.
Keywords: Demand-led growth; Endogenous technological change; Wage-led and profit-led demand regimes; Productivity regime; Latin American structuralism. (search for similar items in EconPapers)
JEL-codes: O4 O3 E3 (search for similar items in EconPapers)
Pages: 26 pages
New Economics Papers: this item is included in nep-dev, nep-eff, nep-lam and nep-pke
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