Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/180951 
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 2017-08
Publisher: 
The University of Utah, Department of Economics, Salt Lake City, UT
Abstract: 
The demand and distributive regimes are estimated from 62 countries around the world based on the Structuralist Goodwin model. The distributive regime appears to be Marxian/profit-squeeze and the demand exhibits a weekly profit-led regime. The profitled demand regime and the profit-squeeze distributive regime are stronger in advanced economies than in emerging economies. The results are also supported when the slopes are allowed to be varied across regions. In the long run, the results reveal that the collective wage suppression would result only in declining wage share, and no positive gain in utilization is found both in developed and developing countries.
Subjects: 
Panel Analysis
Predator-Prey Models
Distributive-Demand Dynamics
Globalization
JEL: 
C23
D3
O11
O47
Document Type: 
Working Paper

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