Income Distribution and Growth: A Global Model
This paper estimates the effects of a change in the wage share on growth at global level in the G20 countries. A decrease in the wage share in isolation leads to lower growth in the euro area, Germany, France, Italy, the UK, the US, Japan, Turkey, and South Korea, whereas it stimulates growth in Can...
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| Veröffentlicht in: | Environment and planning. A 2014-10, Vol.46 (10), p.2489-2513 |
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| container_title | Environment and planning. A |
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| creator | Onaran, Özlem Galanis, Giorgos |
| description | This paper estimates the effects of a change in the wage share on growth at global level in the G20 countries. A decrease in the wage share in isolation leads to lower growth in the euro area, Germany, France, Italy, the UK, the US, Japan, Turkey, and South 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 experience negative effects on growth when they decrease their wage share along with their trading partners. The results indicate that the global decline in labour share has had significant negative effects on growth. |
| doi_str_mv | 10.1068/a46265 |
| format | Article |
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A decrease in the wage share in isolation leads to lower growth in the euro area, Germany, France, Italy, the UK, the US, Japan, Turkey, and South 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 experience negative effects on growth when they decrease their wage share along with their trading partners. The results indicate that the global decline in labour share has had significant negative effects on growth.</description><identifier>ISSN: 0308-518X</identifier><identifier>EISSN: 1472-3409</identifier><identifier>DOI: 10.1068/a46265</identifier><language>eng</language><publisher>London, England: SAGE Publications</publisher><subject>Argentina ; Australia ; Bgi / Prodig ; Canada ; China ; Economic growth ; Economic growth. 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| ispartof | Environment and planning. A, 2014-10, Vol.46 (10), p.2489-2513 |
| issn | 0308-518X 1472-3409 |
| language | eng |
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| source | Access via SAGE |
| subjects | Argentina Australia Bgi / Prodig Canada China Economic growth Economic growth. Development France G-20 Germany Human geography Income distribution India Italy Japan Mexico Political and economic geography South Africa South Korea Turkey U.S.A United Kingdom Wage differentials Wages |
| title | Income Distribution and Growth: A Global Model |
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