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Distribution and productivity growth: an empirical exercise applied to selected Latin American countries

Author

Listed:
  • Douglas Alcantara Alencar

    (UFPA)

  • Frederico Gonzaga Jayme Jr.

    (Cedeplar-UFMG)

  • Gustavo Britto

    (Cedeplar-UFMG)

  • Claudio Puty

    (UFPA)

Abstract

In this article we analyze, from a Latin American structuralist perspective, whether productivity growth is affected by growth in income and employment. In order to test our hypothesis, we have chosen a sample of Latin American countries that represent 86% of the region’s gross domestic product. We perform an econometric test of the so-called Kaldor-Verdoon parameter and the employment growth parameter for the selected countries.

Suggested Citation

  • Douglas Alcantara Alencar & Frederico Gonzaga Jayme Jr. & Gustavo Britto & Claudio Puty, 2018. "Distribution and productivity growth: an empirical exercise applied to selected Latin American countries," Textos para Discussão Cedeplar-UFMG 589, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td589
    as

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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20589.pdf
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    References listed on IDEAS

    as
    1. John McCombie & Maurizio Pugno & Bruno Soro (ed.), 2002. "Productivity Growth and Economic Performance," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-50423-3.
    2. Dollar, David, 1992. "Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985," Economic Development and Cultural Change, University of Chicago Press, vol. 40(3), pages 523-544, April.
    3. Sergio Destefanis, 2002. "The Verdoorn Law: Some Evidence from Non-Parametric Frontier Analysis," Palgrave Macmillan Books, in: John McCombie & Maurizio Pugno & Bruno Soro (ed.), Productivity Growth and Economic Performance, chapter 6, pages 136-164, Palgrave Macmillan.
    4. Bresser-Pereira, Luiz Carlos, 2012. "The new developmentalism as a weberian ideal type," Textos para discussão 319, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    5. Cottani, Joaquin A & Cavallo, Domingo F & Khan, M Shahbaz, 1990. "Real Exchange Rate Behavior and Economic Performance in LDCs," Economic Development and Cultural Change, University of Chicago Press, vol. 39(1), pages 61-76, October.
    6. Fabricio Missio & Frederico Gonçalves Jayme Jr. & José Luis Oreiro, 2015. "The structuralist tradition in economics: methodological and macroeconomics aspects," Brazilian Journal of Political Economy, Center of Political Economy, vol. 35(2), pages 247-266.
    7. C. W.M. Naastepad & Servaas Storm, 2007. "OECD demand regimes (1960-2000)," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 29(2), pages 211-246, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Demand-led growth; Endogenous technological change; Wage-led and profit-led demand regimes; Productivity regime; Latin American structuralism.;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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