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FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS

Yıl 2017, Cilt: 39 Sayı: 2, 555 - 578, 24.12.2017
https://doi.org/10.14780/muiibd.384208

Öz

The aim of this article is to analyze the short-term impact of functional income distribution on aggregate

demand and its components in South Korea within a post Keynesian framework, in which demand

regime of an economy is either wage or profit-led. The article firstly portrays the structural change and

the macroeconomic performance of South Korea, and then presents the evolution of the labor income

share in the country. The article follows with the presentation of the theoretical model employed for the

analysis of the demand regime in the country and offers a survey of the empirical literature of the post

Keynesian models of income distribution and growth. Then takes place the econometric analysis and the

article proceeds with the evaluation of the results and concludes. The econometric investigation shows that,

over the period 1970–2011, the growth regime of the domestic economy is wage-led, while that of the total

economy is profit-led. The results are partially in contradiction with those already found in the literature

and point that pro-labor growth policies are not viable within the current structure of the South Korean

economy in the short run.

Kaynakça

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  • CEPII (2014). CHELEM (Comptes Harmonisés sur les Echanges et L’Economie Mondiale, Harmonized international trade flows, balances of payments and world revenues), https://chelem.bvdep.com, (Date of Access: 28.04.2014)
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  • HEIN, E., Vogel, L. (2008). Distribution and growth reconsidered: empirical results for six OECD countries, Cambridge Journal of Economics, 32(3): 479-511.
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  • LAVOIE, M., Stockhammer, E. (2013). “Wage-led Growth: Concept, Theories and Policies”, Wage-led Growth: An equitable strategy for economic recovery, Editor: Marc Lavoie, Engelbert Stockhammer, New York, Palgrave Macmillan, 13-39.
  • MOLERO-SIMARRO, R. (2015). Functional distribution of income, aggregate demand, and economic growth in the Chinese economy, 1978–2007, International Review of Applied Economics, 29(5): 435-54.
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Toplam 32 adet kaynakça vardır.

Ayrıntılar

Konular Ekonomi
Bölüm Makaleler
Yazarlar

Ozan Ekin Kurt Bu kişi benim

Yayımlanma Tarihi 24 Aralık 2017
Gönderilme Tarihi 1 Eylül 2017
Yayımlandığı Sayı Yıl 2017 Cilt: 39 Sayı: 2

Kaynak Göster

APA Kurt, O. E. (2017). FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 39(2), 555-578. https://doi.org/10.14780/muiibd.384208
AMA Kurt OE. FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. Aralık 2017;39(2):555-578. doi:10.14780/muiibd.384208
Chicago Kurt, Ozan Ekin. “FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi 39, sy. 2 (Aralık 2017): 555-78. https://doi.org/10.14780/muiibd.384208.
EndNote Kurt OE (01 Aralık 2017) FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 39 2 555–578.
IEEE O. E. Kurt, “FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, c. 39, sy. 2, ss. 555–578, 2017, doi: 10.14780/muiibd.384208.
ISNAD Kurt, Ozan Ekin. “FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 39/2 (Aralık 2017), 555-578. https://doi.org/10.14780/muiibd.384208.
JAMA Kurt OE. FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2017;39:555–578.
MLA Kurt, Ozan Ekin. “FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, c. 39, sy. 2, 2017, ss. 555-78, doi:10.14780/muiibd.384208.
Vancouver Kurt OE. FUNCTIONAL INCOME DISTRIBUTION AND GROWTH IN SOUTH KOREA: A POST KEYNESIAN ECONOMETRIC ANALYSIS. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2017;39(2):555-78.