Rent Building, Rent Sharing A Panel Country-Industry Empirical Analysis
AbstractThis paper aims to clarify the role of market regulations in rent creation and rent sharing. For each country-industry-year observation, the rent size (RS), measured by the value added price relative to the GDP price, is assumed to depend solely on direct anti-competitive regulations (ACR) on services and goods. The second step explains the rent sharing process by using the impact of our RS measure on the capital share. ACR on the good market increases rent size. RS increases the capital share but the magnitude highly depends on the bargaining power of the two alternative beneficiaries: workers and upstream industries.
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Bibliographic InfoPaper provided by THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise in its series THEMA Working Papers with number 2012-33.
Date of creation: 2012
Date of revision:
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Rents; capital share; prices; market regulations; output gap; unemployment;
Other versions of this item:
- Askenazy, P. & Cette, G. & Maarek, P., 2012. "Rent building, rent sharing - A panel country-industry empirical analysis," Working papers 369, Banque de France.
- Askenazy, Philippe & Cette, Gilbert & Maarek, Paul, 2012. "Rent Building, Rent Sharing: A Panel Country-Industry Empirical Analysis," IZA Discussion Papers 6443, Institute for the Study of Labor (IZA).
- E25 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
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