Wage-led versus profit-led demand: A comprehensive empirical analysis

dc.authoridOztunali, Oguz/0000-0003-3833-0956|Elgin, Ceyhun/0000-0001-8796-2429
dc.authorwosidOztunali, Oguz/AAT-7299-2020
dc.contributor.authorOyvat, Cem
dc.contributor.authorOztunali, Oguz
dc.contributor.authorElgin, Ceyhun
dc.date.accessioned2024-07-18T20:47:34Z
dc.date.available2024-07-18T20:47:34Z
dc.date.issued2020
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractThis 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.doi10.1111/meca.12284
dc.identifier.endpage486en_US
dc.identifier.issn0026-1386
dc.identifier.issn1467-999X
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-85080938075en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage458en_US
dc.identifier.urihttps://doi.org/10.1111/meca.12284
dc.identifier.urihttps://hdl.handle.net/11411/7853
dc.identifier.volume71en_US
dc.identifier.wosWOS:000541011500001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofMetroeconomicaen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectDemanden_US
dc.subjectDistributionen_US
dc.subjectEconomic Growthen_US
dc.subjectKeynesian Economicsen_US
dc.subjectTrade Opennessen_US
dc.subjectFunctional Income-Distributionen_US
dc.subjectAggregate Demanden_US
dc.subjectBhaduri-Marglinen_US
dc.subjectGrowth Theoryen_US
dc.subjectDebten_US
dc.subjectEconomyen_US
dc.subjectFinancializationen_US
dc.subjectProductivityen_US
dc.subjectConsumptionen_US
dc.subjectInequalityen_US
dc.titleWage-led versus profit-led demand: A comprehensive empirical analysisen_US
dc.typeArticleen_US

Dosyalar