Income Distribution and Aggregate Demand: A Global Post-Keynesian Model

Ozlem Onaran and Giorgos Galanis

Working Papers from Political Economy Research Institute, University of Massachusetts at Amherst

Abstract: The authors estimate the effects of a change in the wage share on growth at a national and global level in the G20 countries. They find that a decrease in the wage share leads to lower growth in the euro area, Germany, France, Italy, UK, US, Japan, Turkey, and 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 contract when they decrease their wage-share along with their trading partners.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://per.umass.edu/fileadmin/pdf/working_papers ... rs_301-350/WP319.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to per.umass.edu:443 (No such host is known. )

Related works:
Working Paper: Income distribution and aggregate demand: a global Post-Keynesian model (2013)
Working Paper: Income distribution and aggregate demand: A global Post-Keynesian model (2013)
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:uma:periwp:wp319

Access Statistics for this paper

More papers in Working Papers from Political Economy Research Institute, University of Massachusetts at Amherst Contact information at EDIRC.
Bibliographic data for series maintained by Judy Fogg ( this e-mail address is bad, please contact ).