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Distribución funcional del ingreso y régimen de crecimiento en México y Espana

Author

Listed:
  • José Raúl Luyando Cuevas
  • Julio Herrera Revuelta

Abstract

El propósito de las reformas neoliberales era estimular la inversión privada y las exportaciones para, de este modo, generar un mayor crecimiento y empleo. Sin embargo, estas modificaciones han generado una caída significativa de la participación de los salarios en el ingreso, tanto en países desarrollados, como en desarrollo, desde finales de la década de los setenta. La investigación de este fenómeno se hace desde la teoría poskeynesiana, pero realizando modificaciones a las funciones de inversión y exportaciones, de modo que la distribución funcional tenga un peso mayor en las estimaciones. Se encontró que las políticas de restricción salarial influyen negativamente en los componentes internos de la demanda, de manera que Espana resulta ser wage-led, y México profit-led. The purpose of neoliberal reforms was to stimulate private investment and exports, and, therefore, generate higher growth and employment. However, these changes have generated a significant drop in the share of wages in income in both developed and developing countries since the late 70s. This study was undertaken using post-Keynesian theory; however, it made changes to investment and exportation functions so that the functional distribution has a greater weight in the estimations. We found that the wage moderation policies have adversely influenced the inner components of demand; while Spain is wage-led, Mexico is profit-led.

Suggested Citation

  • José Raúl Luyando Cuevas & Julio Herrera Revuelta, 2018. "Distribución funcional del ingreso y régimen de crecimiento en México y Espana," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(73), February.
    • Handle: RePEc:col:000093:016015
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    References listed on IDEAS

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    1. Robert A. Blecker, 2016. "Wage-led versus profit-led demand regimes: the long and the short of it," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(4), pages 373-390, October.
    2. Eckhard Hein & Lena Vogel, 2008. "Distribution and growth reconsidered: empirical results for six OECD countries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(3), pages 479-511, May.
    3. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(4), pages 375-393, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Paul Carrillo‐Maldonado, 2023. "Partial identification for growth regimes: The case of Latin American countries," Metroeconomica, Wiley Blackwell, vol. 74(3), pages 557-583, July.

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    More about this item

    Keywords

    distribución funcional del ingreso; crecimiento de la demandaagregada; consumo; inversión; exportaciones netas.;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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