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Comportamiento de los salarios reales en el sector industrial colombia 2000-2016. Una aplicación del modelo de kaldor
[Behavior of Wages in the Industrial Sector, Colombia 2000-2016: An application of the Kaldorian model]

Author

Listed:
  • John Michael, Riveros Gavilanes

Abstract

The present paper aims to test empirically the theory of Kaldor during 2000-2016 in Colombia from his three laws of economic endogenous growth in order to provide a study of the industrial sector, observing the theory of distribution of income and the intuitive relations from the kaldorian model indicating the behavior of the benefits and wages in the industrial sector. The methodology uses a panel data regression in a departmental level. The results confirm the theory in general however Chocó, Caquetá, Quindío, Sucre and La Guajira the first law gets rejected, it is confirmed the presence of increasing returns in scale of the industrial sector and the wages presents a lower elasticity than the benefits in the industrial output.

Suggested Citation

  • John Michael, Riveros Gavilanes, 2018. "Comportamiento de los salarios reales en el sector industrial colombia 2000-2016. Una aplicación del modelo de kaldor [Behavior of Wages in the Industrial Sector, Colombia 2000-2016: An application," MPRA Paper 100424, University Library of Munich, Germany, revised Nov 2018.
    • Handle: RePEc:pra:mprapa:100424
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    References listed on IDEAS

    as
    1. Luigi L. Pasinetti, 1962. "Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 267-279.
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    More about this item

    Keywords

    Kaldor; Wages; Growth; Returns; Industry;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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