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distribution, relating to both aggregate demand and labour productivity. It presents new empirical and econometric evidence …
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An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because wage incomes typically are associated with higher consumption propensities than capital incomes. Investment expenditures ought to be...
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We analyze how changes in international trade integration affect productivity and the functional income distribution … trade integration increases productivity. Moreover, we show that both trade in intermediate inputs and trade in value added … in value added on the labor share of income. Further, we show that the effects on productivity and labor share are …
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We analyse how changes in international trade integration affect productivity and the functional income distribution … integration increases productivity. Second, we show that international trade integration is associated with higher labour shares …
Persistent link: https://www.econbiz.de/10014246661