Wage-led versus profit-led demand: A comprehensive empirical analysis
dc.authorid | Oztunali, Oguz/0000-0003-3833-0956|Elgin, Ceyhun/0000-0001-8796-2429 | |
dc.authorwosid | Oztunali, Oguz/AAT-7299-2020 | |
dc.contributor.author | Oyvat, Cem | |
dc.contributor.author | Oztunali, Oguz | |
dc.contributor.author | Elgin, Ceyhun | |
dc.date.accessioned | 2024-07-18T20:47:34Z | |
dc.date.available | 2024-07-18T20:47:34Z | |
dc.date.issued | 2020 | |
dc.department | İstanbul Bilgi Üniversitesi | en_US |
dc.description.abstract | This study investigates various economic factors' impact in determining the relationship between functional income distribution and aggregate demand from both a theoretical and an empirical viewpoint. We base our analysis on a demand-driven growth model for an open economy that allows for either profit-led or wage-led regimes. Our results strongly indicate that a higher level of trade openness is associated with a lower probability of being wage-led. We find evidence that lower wage inequality makes an economy more wage-led and that countries with a greater private credit-to-gross domestic product (GDP) ratio are more likely to be profit-led. | en_US |
dc.identifier.doi | 10.1111/meca.12284 | |
dc.identifier.endpage | 486 | en_US |
dc.identifier.issn | 0026-1386 | |
dc.identifier.issn | 1467-999X | |
dc.identifier.issue | 3 | en_US |
dc.identifier.scopus | 2-s2.0-85080938075 | en_US |
dc.identifier.scopusquality | Q2 | en_US |
dc.identifier.startpage | 458 | en_US |
dc.identifier.uri | https://doi.org/10.1111/meca.12284 | |
dc.identifier.uri | https://hdl.handle.net/11411/7853 | |
dc.identifier.volume | 71 | en_US |
dc.identifier.wos | WOS:000541011500001 | en_US |
dc.identifier.wosquality | Q3 | en_US |
dc.indekslendigikaynak | Web of Science | en_US |
dc.indekslendigikaynak | Scopus | en_US |
dc.language.iso | en | en_US |
dc.publisher | Wiley | en_US |
dc.relation.ispartof | Metroeconomica | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/openAccess | en_US |
dc.subject | Demand | en_US |
dc.subject | Distribution | en_US |
dc.subject | Economic Growth | en_US |
dc.subject | Keynesian Economics | en_US |
dc.subject | Trade Openness | en_US |
dc.subject | Functional Income-Distribution | en_US |
dc.subject | Aggregate Demand | en_US |
dc.subject | Bhaduri-Marglin | en_US |
dc.subject | Growth Theory | en_US |
dc.subject | Debt | en_US |
dc.subject | Economy | en_US |
dc.subject | Financialization | en_US |
dc.subject | Productivity | en_US |
dc.subject | Consumption | en_US |
dc.subject | Inequality | en_US |
dc.title | Wage-led versus profit-led demand: A comprehensive empirical analysis | en_US |
dc.type | Article | en_US |