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- W3146020017 abstract "We assess in this paper the relationship between functional income distribution and the level of activity for the case of Turkey, by estimating a version of the Bhaduri-Marglin model using a structural VAR approach over the period 1988-2016. We found that a positive shock to the share of wages in income appeared to have a positive effect on GDP, which would point to the existence of a wage-led regime. In addition, the unemployment rate responded negatively to GDP, but not to the wage share, suggesting that policies aimed to reduce unemployment should be based on a higher level of aggregate demand, rather than on falling wages." @default.
- W3146020017 created "2021-04-13" @default.
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- W3146020017 date "2017-01-01" @default.
- W3146020017 modified "2023-09-28" @default.
- W3146020017 title "Income Distribution and Activity Levels in an Open Economy: The Case of Turkey, 1988-2016" @default.
- W3146020017 doi "https://doi.org/10.2139/ssrn.3089951" @default.
- W3146020017 hasPublicationYear "2017" @default.
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