LABOR SHARE AND GROWTH IN THE LONG RUN

被引：16

作者：

Charpe, Matthieu ^{[1
]}

Bridji, Slim ^{[2
]}

Mcadam, Peter ^{[3
]}

机构：

[1] Int Labor Org, Geneva, Switzerland

[2] Univ Appl Sci & Arts Western Switzerland, HES SO, Delemont, Switzerland

[3] European Cent Bank, Frankfurt, Germany

来源：

MACROECONOMIC DYNAMICS | 2020年 / 24卷 / 07期

关键词：

Labor Share; Growth; Income Distribution; Wavelet Analysis; TECHNICAL PROGRESS; INCOME INEQUALITY; ECONOMIC-GROWTH; UNITED-STATES; TIME; SUBSTITUTION; ACCUMULATION; ELASTICITY; DECLINE; CYCLES;

D O I：

10.1017/S1365100518001025

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper establishes some stylized facts of the long-run relationship between growth and labor shares using historical data for the USA (1898-2010), the United Kingdom (1856-2010), and France (1896-2010). Performing individual country time-frequency analysis, we demonstrate the existence of long-term cycles in labor share of 30-50 years explaining a major part of the variance in the data. Further, the impact of labor share on growth changes sign with the frequency considered from negative at high frequencies to positive at low frequencies. Finally, the positive coefficient associated with the labor share at low frequencies increases over time.

引用

页码：1720 / 1757

页数：38

共 56 条

[1] Acemoglu D., 2009, Introduction to modern economic growth
[2] LABOR- AND CAPITAL-AUGMENTING TECHNICAL CHANGE
Acemoglu, Daron
[J]. JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2003, 1 (01) : 1 - 37
[3] Acemoglu D, 2011, HBK ECON, V4, P1043, DOI 10.1016/S0169-7218(11)02410-5
[4] The yield curve and the macro-economy across time and frequencies
Aguiar-Conraria, Luis
Martins, Manuel M. F.
Soares, Maria Joana
[J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2012, 36 (12) : 1950 - 1970
[5] [Anonymous], 2006, Wavelet methods for time series analysis
[6] [Anonymous], 2018, Global Inequality: A New Approach for the Age of Globalization
[7] Antras Pol., 2004, CONTRIBUTIONS MACROE, V4, P1, DOI [10.2202/1534-6005.1161, DOI 10.2202/1534-6005.1161]
[8] Atkinson Anthony, 2015, Inequality: What Can be Done?
[9] Top Incomes in the Long Run of History
Atkinson, Anthony B.
Piketty, Thomas
Saez, Emmanuel
[J]. JOURNAL OF ECONOMIC LITERATURE, 2011, 49 (01) : 3 - 71
[10] Inequality and growth in a panel of countries
Barro, RJ
[J]. JOURNAL OF ECONOMIC GROWTH, 2000, 5 (01) : 5 - 32

← 1 2 3 4 5 6 →