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The case for a coordinated policy mix of wage-led recovery and public investment in G20

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  • Onaran, Özlem

Abstract

This paper shows that a coordinated mix of polices in the G20 targeted to increase the share of wages in GDP by 1%-5% in the next 5 years and to raise public investment in social and physical infrastructure by 1% of GDP in each country can create up to 5.84% more growth in G20 countries (compared to business as usual).

Suggested Citation

  • Onaran, Özlem, 2015. "The case for a coordinated policy mix of wage-led recovery and public investment in G20," Greenwich Papers in Political Economy 14095, University of Greenwich, Greenwich Political Economy Research Centre.
    • Handle: RePEc:gpe:wpaper:14095
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    File URL: http://gala.gre.ac.uk/id/eprint/14095/1/PB022015_Onaran.pdf
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    Cited by:

    1. Özlem Onaran, 2016. "Secular stagnation and progressive economic policy alternatives," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 13(2), pages 229-240, September.
    2. Özlem Onaran, 2016. "Wage- versus profit-led growth in the context of international interactions and public spending: The political aspects of wage-led recovery," Working Papers PKWP1603, Post Keynesian Economics Society (PKES).

    More about this item

    Keywords

    wage-led growth; public investment; G20;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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