Functional distribution of income and growth regime in Peru, 1942-2013

Germán Alarco Tosoni; César Castillo García

doi:10.18356/45760a7f-en

Functional distribution of income and growth regime in Peru, 1942-2013

Título traducido de la contribución: Distribución factorial del ingreso y régimen de crecimiento en el Perú, 1942-2013

Germán Alarco Tosoni
, César Castillo García

Producción científica: Contribución a una revista › Artículo de revista › revisión exhaustiva

Resumen

El documento se inicia con una revisión de la literatura sobre el vínculo entre la distribución factorial del ingreso y el crecimiento económico desde los economistas clásicos, con énfasis en los trabajos de Kalecki y los poskeynesianos que desarrollan el enfoque sobre regímenes de crecimiento. Se reconstruye y analiza la información estadística sobre la participación de los salarios, el ingreso de los independientes (o mixto) y las ganancias respecto del PIB del Perú entre 1942 y 2013, y se compara con los promedios de América Latina y otras economías. Además, se analiza la trayectoria de la participación salarial y el crecimiento desde una perspectiva comparada, y se aplica un modelo de ecuaciones simultáneas estimado a través de mínimos cuadrados en tres etapas (MC3E) y del método generalizado de momentos (MGM) para determinar el régimen de crecimiento. Se concluye que este se encuentra basado en salarios. Las políticas distributivas a favor de este componente serían positivas para el nivel de actividad económica.

Título traducido de la contribución	Distribución factorial del ingreso y régimen de crecimiento en el Perú, 1942-2013
Idioma original	Inglés
Páginas (desde-hasta)	211-227
Publicación	CEPAL Review
Volumen	2018
N.º	125
DOI	https://doi.org/10.18356/45760a7f-en
Estado	Publicada - 2018

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

ODS 8: Trabajo decente y crecimiento económico
ODS 17: Alianzas para lograr los objetivos

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10.18356/45760a7f-en

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title = "Functional distribution of income and growth regime in Peru, 1942-2013",

abstract = "All rights reserved. This paper begins by reviewing the literature on the relation between economic growth and the functional distribution of income since the time of the classical economists, highlighting the work of Kalecki and the post-Keynesians who develop the growthregimes approach. It reconstructs and analyses statistics on the shares of wages, income from self-employment (or from mixed sources) and profits in Peru{\textquoteright}s GDP between 1942 and 2013, and then compares these shares with the averages for Latin America and other economies. The study then makes a comparative analysis of trends in the wage share and rate of growth, and it estimates a simultaneous equations model using three-stage least squares (3SLS) and generalized method of moments (GMM) to determine the growth regime. The conclusion is that growth is wage-led, so distributional policies to increase this component would likely boost the level of economic activity.",

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AU - Alarco Tosoni, Germán

AU - Castillo García, César

PY - 2018

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N2 - All rights reserved. This paper begins by reviewing the literature on the relation between economic growth and the functional distribution of income since the time of the classical economists, highlighting the work of Kalecki and the post-Keynesians who develop the growthregimes approach. It reconstructs and analyses statistics on the shares of wages, income from self-employment (or from mixed sources) and profits in Peru’s GDP between 1942 and 2013, and then compares these shares with the averages for Latin America and other economies. The study then makes a comparative analysis of trends in the wage share and rate of growth, and it estimates a simultaneous equations model using three-stage least squares (3SLS) and generalized method of moments (GMM) to determine the growth regime. The conclusion is that growth is wage-led, so distributional policies to increase this component would likely boost the level of economic activity.

AB - All rights reserved. This paper begins by reviewing the literature on the relation between economic growth and the functional distribution of income since the time of the classical economists, highlighting the work of Kalecki and the post-Keynesians who develop the growthregimes approach. It reconstructs and analyses statistics on the shares of wages, income from self-employment (or from mixed sources) and profits in Peru’s GDP between 1942 and 2013, and then compares these shares with the averages for Latin America and other economies. The study then makes a comparative analysis of trends in the wage share and rate of growth, and it estimates a simultaneous equations model using three-stage least squares (3SLS) and generalized method of moments (GMM) to determine the growth regime. The conclusion is that growth is wage-led, so distributional policies to increase this component would likely boost the level of economic activity.

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UR - https://www.un-ilibrary.org/content/journals/16820908/2018/125/10

U2 - 10.18356/45760a7f-en

DO - 10.18356/45760a7f-en

M3 - Article in a journal

SN - 0251-2920

VL - 2018

SP - 211

EP - 227

JO - CEPAL Review

JF - CEPAL Review

IS - 125

ER -

Functional distribution of income and growth regime in Peru, 1942-2013

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