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Real Wages and Economic Growth: A Structuralist Hypothesis in an Endogenous Growth Model

Author

Listed:
  • Alexandre Rands Barros

    (Universidade Federal de Pernambuco)

Abstract

A modified version of Lucas endogenous growth model is development, incorporating the Idea that recessions have a positive effect on productivity increase. This model predicts that autonomous changes in real wages have a positive and permanent effect on GDP. A structural vector-autoregression with a standard Keynesian identification and Brazilian monthly data confirms this hypothesis.

Suggested Citation

  • Alexandre Rands Barros, 1993. "Real Wages and Economic Growth: A Structuralist Hypothesis in an Endogenous Growth Model," Working Papers 49, Datamétrica Consultoria Econômica, revised 1993.
    • Handle: RePEc:dtm:wpaper:49
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    File URL: ftp://repec.datametrica.com.br/RePEc/dtm/wpaper/Real_Wages49.pdf
    File Function: Revised version, 1993.
    Download Restriction: no
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    Citations

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    Cited by:

    1. Freddy, Liew, 2011. "Productivity-wage-growth nexus: an empirical study of Singapore," MPRA Paper 34459, University Library of Munich, Germany.

    More about this item

    Keywords

    Wages and growth; structuralist hypothesis; endogenous growth.;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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