IDEAS home Printed from https://ideas.repec.org/a/taf/ceasxx/v70y2018i9p1433-1449.html
   My bibliography  Save this article

Labour and Capital Under a Neoliberal Economic Model: Economic Growth and Demographic Crisis in Lithuania

Author

Listed:
  • Romas Lazutka
  • Arūnas Juška
  • Jekaterina Navickė

Abstract

This study investigates the split of national income between labour and capital in Lithuania and its distributional implications. It shows that the neoliberal economic development model embraced by Lithuania since regaining independence in 1991 produced significant economic growth. However, this growth was based on suppressing wages, keeping taxes on capital low and exporting cheap labour to the core EU countries. This resulted in high inequalities in income and wealth that have contributed to a deep socio-demographic crisis in the country. It is argued that in order to make Lithuanian capitalism socially sustainable, the neoliberal model of development needs to be reconsidered and modified.

Suggested Citation

  • Romas Lazutka & Arūnas Juška & Jekaterina Navickė, 2018. "Labour and Capital Under a Neoliberal Economic Model: Economic Growth and Demographic Crisis in Lithuania," Europe-Asia Studies, Taylor & Francis Journals, vol. 70(9), pages 1433-1449, October.
    • Handle: RePEc:taf:ceasxx:v:70:y:2018:i:9:p:1433-1449
    DOI: 10.1080/09668136.2018.1525339
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09668136.2018.1525339
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09668136.2018.1525339?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ceasxx:v:70:y:2018:i:9:p:1433-1449. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ceas .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.