Empleo, salarios reales y producto: 1970-1995
AbstractThe principal purpose of this paper is to analyze the links between the labor market and growth in the economy of Lima Metropolitana, between 1970 and 1995. The effect of labor market in the product is indirect, by means of the effect of real wages upon domestic demand and external competitiveness. This double effect that real wages have is mediated by labor institutions. A second purpose of this paper is to determine if the growth of the product turns in a growth of the employment in the modern sector. By means of an analysis of cointegration we find real wages and the real expenditure of the government in wages are positively related to the product, while the real exchange rate has a negative relation. We also find that there exists a positive relation between the product and the employment of the modern sector, even though there is a subvaluation of the employment in the last years of the period. Finally, the stability tests obtained from the respective Error Correction Models tell us that the recent changes in the labor institutions still donât have a noticeable effect on the estimated relations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Departamento de Economía - Pontificia Universidad Católica del Perú in its journal Revista Economía.
Volume (Year): (1997)
Issue (Month): 39-40 ()
Contact details of provider:
Postal: Av. Universitaria 1801, San Miguel, Lima, Perú
Phone: (511) 626-2000 ext. 4950, 4951
Fax: (511) 626-2874
Web page: http://www.pucp.edu.pe/departamento/economia/
More information through EDIRC
Other versions of this item:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stephan Gruber).
If references are entirely missing, you can add them using this form.