wow-inequalities/02-data/intermediate/wos_sample/59cebdd235e85fe8d4cb40e6dd58f34e-onaran-ozlem/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'This paper presents the empirical evidence about the impact of the
simultaneous race to the bottom in labour''s share on growth after taking
global interactions into account based on the post-Kaleckian theoretical
framework developed by Bhaduri and Marglin (1990). The world economy and
large economic areas are likely to be wage-led; and parameter shifts in
different periods are unlikely to make a difference in this finding. The
effects that can come from a wage-led recovery on growth and hence
employment are positive, however they are also modest in magnitude. We
then present an alternative scenario based on a policy mix of wage
increases and public investment. A coordinated mix of polices in the G20
targeted to increase the share of wages in GDP by 1-5 per cent in the
next 5 years and to raise public investment in social and physical
infrastructure by 1 per cent of GDP in each country can create up to
5.84 per cent more growth in G20 countries. The final section addresses
the political aspects and barriers to a wage-led recovery.'
affiliation: 'Onaran, O (Corresponding Author), Univ Greenwich, London, England.
Onaran, Ozlem, Univ Greenwich, London, England.'
author: Onaran, Ozlem
author_list:
- family: Onaran
given: Ozlem
da: '2023-09-28'
doi: 10.4337/roke.2016.04.07
eissn: 2049-5331
files: []
issn: 2049-5323
journal: REVIEW OF KEYNESIAN ECONOMICS
keywords: wage share; wage-led growth; globalization; public investment
keywords-plus: 'FUNCTIONAL INCOME-DISTRIBUTION; AGGREGATE DEMAND; ECONOMIC-GROWTH;
SOUTH-KOREA; INVESTMENT; FINANCIALISATION; ACCUMULATION; STRATEGIES;
COUNTRIES; MODEL'
language: English
month: WIN
number: '4'
number-of-cited-references: '49'
orcid-numbers: Onaran, Ozlem/0000-0002-6345-9922
pages: 458-474
papis_id: 6634c3e1202a12c3e252ecd49d457254
ref: Onaran2016wageprofitled
times-cited: '11'
title: 'Wage- versus profit-led growth in the context of globalization and public
spending: the political aspects of wage-led recovery'
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000386865100007
usage-count-last-180-days: '0'
usage-count-since-2013: '11'
volume: '4'
web-of-science-categories: Economics
year: '2016'