IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Empleo, salarios reales y producto: 1970-1995

Listed author(s):
  • Cecilia Garavito


    (Pontificia Universidad Católica del Perú - Departamento de economía)

The 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 don’t have a noticeable effect on the estimated relations.

(This abstract was borrowed from another version of this item.)

If 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.

File URL:
Download Restriction: no

Article provided by Fondo Editorial de la Pontificia Universidad Católica del Perú in its journal Revista Economía.

Volume (Year): (1997)
Issue (Month): 39-40 ()
Pages: 293-350

in new window

Handle: RePEc:pcp:pucrev:y:1997:i:39-40:p:293-350
Contact details of provider: Postal:
Av. Universitaria 1801, San Miguel, Lima, Perú

Phone: 626-2000 ext. 4950
Fax: 626-2874
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pcp:pucrev:y:1997:i:39-40:p:293-350. See general 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: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.