Comportamiento de los salarios reales en el sector industrial colombia 2000-2016. Una aplicación del modelo de kaldor

Behavior of Wages in the Industrial Sector, Colombia 2000-2016: An application of the Kaldorian model

John Riveros Gavilanes

MPRA Paper from University Library of Munich, Germany

Abstract: The present paper aims to test empirically the theory of Kaldor during 2000-2016 in Colombia from his three laws of economic endogenous growth in order to provide a study of the industrial sector, observing the theory of distribution of income and the intuitive relations from the kaldorian model indicating the behavior of the benefits and wages in the industrial sector. The methodology uses a panel data regression in a departmental level. The results confirm the theory in general however Chocó, Caquetá, Quindío, Sucre and La Guajira the first law gets rejected, it is confirmed the presence of increasing returns in scale of the industrial sector and the wages presents a lower elasticity than the benefits in the industrial output.

Keywords: Kaldor; Wages; Growth; Returns; Industry (search for similar items in EconPapers)
JEL-codes: E24 F14 L16 O41 (search for similar items in EconPapers)
Date: 2018-11, Revised 2018-11
New Economics Papers: this item is included in nep-mac and nep-pke
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