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Demanda Efetiva, Conflito Distributivo E Regime De Acumulação Em Um Modelo Estruturalista De Ciclo: Os Casos Britânico E Turco

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  • Raphael Rocha Gouvêa
  • Gilberto A. Libânio

Abstract

This paper discusses the existence of different accumulation regimes in developed and developing economies. The central issue to be analyzed refers to the effect of an increase in the wage share in national income on output growth. When such increase positively affects output, the accumulation regime is wage-led. Otherwise, the regime is profit-led. The main hypothesis to be tested is that developing economies are characterized by wage-led regimes, whereas in developed countries accumulation is profit-led. In this paper, we apply the model developed by Barbosa-Filho and Taylor (2006) to test this hypothesis for the cases of UK and Turkey. The empirical evidence presented here, by the use of a VAR model, supports the hypothesis.
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Suggested Citation

  • Raphael Rocha Gouvêa & Gilberto A. Libânio, 2007. "Demanda Efetiva, Conflito Distributivo E Regime De Acumulação Em Um Modelo Estruturalista De Ciclo: Os Casos Britânico E Turco," Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting] 111, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2007:111
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    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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