The Labor Share Squeeze in Latin America: A Dynamic Heterogeneous Approach

IF 1 Q3 ECONOMICS

Global Economy Journal Pub Date : 2018-06-01 DOI:10.1515/gej-2017-0083

Ryan Joy, Cesar M. Rodriguez, I. Ruprah

引用次数: 1

Abstract

Abstract This paper analyzes the long-run relationship between labor share and its determinants for 20 Latin American countries from 1980 to 2014. Using the pooled mean group estimator, we find evidence that technological change, the globalization process, and financial integration, have contributed to the decline of labor share in Latin America. We also find evidence of the importance of institutional factors and public spending for the labor share. Finally, we discuss the role of the informal sector on the dynamics of the decline. Our key findings are robust to various specifications and methodologies.

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拉丁美洲劳动收入份额的挤压:一个动态的异质方法

摘要本文分析了1980 - 2014年20个拉美国家劳动收入占比及其决定因素之间的长期关系。通过汇总平均群体估计，我们发现了技术变革、全球化进程和金融一体化导致拉丁美洲劳动收入占比下降的证据。我们还发现了制度因素和公共支出对劳动收入占比的重要性的证据。最后，我们讨论了非正式部门在衰退动态中的作用。我们的主要发现对于各种规范和方法都是健壮的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Global Economy Journal ECONOMICS-

CiteScore

1.60

自引率

14.30%

发文量

期刊介绍： The GEJ seeks to publish original and innovative research, as well as novel analysis, relating to the global economy. While its main emphasis is economic, the GEJ is a multi-disciplinary journal. The GEJ''s contents mirror the diverse interests and approaches of scholars involved with the international dimensions of business, economics, finance, history, law, marketing, management, political science, and related areas. The GEJ also welcomes scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations. One over-arching theme that unites IT&FA members and gives focus to this journal is the complex globalization process, involving flows of goods and services, money, people, and information.