Distribution and Productivity Growth: An Empirical Exercise Applied to Selected Latin American Countries

References

• Acevedo, A., A. Mold, and E. Perez. 2009. ‘The Sectoral Drivers of Economic Growth: A Long-Term View of Latin American Economic Performance.’ Cuadernos Económicos de ICE 78: 1–26.
   Google Scholar
• Alencar, D., F. G. Jayme Jr., and G. Britto. 2018. ‘Productivity, Real Exchange Rate, and Aggregate Demand: An Empirical Exercise Applied to Brazil From 1960 to 2011’. Journal of Post Keynesian Economics 41 (3): 455–477.
   Web of Science ®Google Scholar
• Alencar, D., F. G. Jayme Jr., and G. Britto. 2020. ‘Growth, Distribution, and External Constraints: A Post-Kaleckian Model Applied to Brazil.’ Review of Political Economy. doi:10.1080/09538259.2020.1720149.
   Web of Science ®Google Scholar
• Bai, J., Perron, P. 2003. ‘Computation and analysis of multiple structural change models.', Journal of Applied Econometrics 18 (1): 1–22.
   Web of Science ®Google Scholar
• Bhaduri, A., and S. Marglin. 1990. ‘Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies.’ Cambridge Journal of Economics 14: 375–393.
   Web of Science ®Google Scholar
• Bianchi, A. M. 2002. ‘For Different Audiences, Different Arguments: Economic Rhetoric at the Beginning of Latin American School.’ Journal of the History of Economic Thought 24 (3): 291–305.
   Google Scholar
• Bianchi, A. M., and C. Salviano Jr. 1999. ‘Raul Prebisch and the Beginnings of Latin American School: A Rhetorical Perspective.’ Journal of Economic Methodology 6 (3): 423–438.
   Google Scholar
• Bielschowsky, R. 2017. Eclac Thinking, Selected Texts (1948-1998). 1st ed. Santiago do Chile: CEPAL. 2017. v. 1. 520p.
   Google Scholar
• Borgoglio, L., and J. Odisio. 2015. ‘La Productividad Manufacturera en Argentina, Brasil y México: Una Estimación de la Ley de Kaldor-Verdoorn, 1950–2010.’ Investigación económica 74 (292): 185–211.
   Google Scholar
• Botta, A., G. Porcile, and R. S. M. Ribeiro. 2018. ‘Economic Development, Technical Change and Income Distribution: A Conversation Between Keynesians, Schumpeterians and Structuralists. Introduction to the Special Issue.’ PSL Quarterly Review 71: 97–97.
   Web of Science ®Google Scholar
• Bowles, S., and R. Boyer. 1995. ‘Wages, Aggregate Demand, and Employment in an Open Economy: An Empirical Investigation.’ In Macroeconomics Policy After the Conservative Era, edited by G. Epstein and H. Gintis. Cambridge: Cambridge University Press.
   Google Scholar
• Boyer, R. 2016. ‘A World of Contrasted but Interdependent Inequality Regimes: The Latin America Paradox.’ Review of Political Economy 28 (1): 1–22.
   Web of Science ®Google Scholar
• Bresser-Pereira, L. C. 2011. ‘From the National-Bourgeoise to the Dependency Interpretation of Latin America.’ Latin American Perspectives 38 (3): 40–58.
   Web of Science ®Google Scholar
• Bresser-Pereira, L. C. 2016. ‘Reflecting on New Developmentalism and Classical Developmentalism.’ Brazilian Review of Political Economy 36 (2): 237–265.
   Google Scholar
• Britto, G., and J. S. L. McCombie. 2015. ‘Increasing Returns to Scale and Regions: A Multilevel Model for Brazil.’ Brazilian Keynesian Review 1: 118–134.
   Google Scholar
• Carton, C. 2008. ‘Crecimiento Económico en América Latina: Evidencias Desde Una Perspectiva Kaldoriana.’ MPRA Paper 8696. University of Munich, Research Papers in Economics, Munich Personal RePEc Archive, Múnich. http://mpra.ub.uni-muenchen.de/8696/.
   Google Scholar
• Carton, C. 2009. ‘Kaldorian Mechanisms of Regional Growth: An Empirical Application to the Case of ALADI 1980–2007.’ MPRA Paper 15675.
   Google Scholar
• Cassetti, M. 2003. ‘Bargaining Power, Effective Demand and Technical Progress: A Kaleckian Model of Growth.’ Cambridge Journal of Economics 27: 449–464.
   Web of Science ®Google Scholar
• Cimoli, M., and F. Porcile. 2011. ‘Tecnologia, heterogeneidad y crecimiento: una caja de herramientas estructuralista.' MPRA Paper 33801, University Library of Munich, Germany.
   Google Scholar
• Destefanis, S. 2002. ‘The Verdoorn Law: Some Evidence from Non-Parametric Frontier Analysis.’ In Productivity Growth and Economic Performance: Essays on Verdoorn's Law, edited by J. McCombie, M. Pugno, and B. Soro. London: Palgrave Macmillan.
   Google Scholar
• Domar, E. 1946. ‘Capital Expansion, Rate of Growth, and Employment.’ Econometrica 14 (2): 137–147.
   Web of Science ®Google Scholar
• Dutt, A. K. 1984. ‘Stagnation, Income Distribution and Monopoly Power.’ Cambridge Journal of Economics 8: 25–40.
   Web of Science ®Google Scholar
• Dutt, A. K. 2003. ‘New Growth Theory, Effective Demand, and Post-Keynesian Dynamics.’ In Old and New Growth Theories: An Assessment, edited by Neri Salvadori. Cheltenham: Edward Elgar.
   Google Scholar
• ECLAC (Economic Commission for Latin America and the Caribbean). 2018. The Inefficiency of Inequality. Santiago: United Nations.
   Google Scholar
• Fajnzylber, F. 1990. ‘Industrialization in Latin America: from the “Black Box” to the “Empty Box”: A Comparison of Contemporary Industrialization Patterns.’ Cuadernos de la CEPAL series, 60(LC/G.1534-P).
   Google Scholar
• Foley, D. K., and T. R. Michl. 1999. Growth and Distribution. Cambridge, MA: Harvard University Press.
   Google Scholar
• Furtado, C. 1969 [1970]. Economic Development of Latin America. Cambridge: Cambridge University Press.
   Google Scholar
• Furtado, C. 1983. Accumulation and Development: The Logic of Industrial Civilization. Translated by S. Macedo. New York: St. Martin’s Press.
   Google Scholar
• Harrod, R. 1933. International Economics. Cambridge, MA: Cambridge University Press.
   Google Scholar
• Hausmann, R. 2011. ‘Structural Transformation and Economic Growth in Latin America.’ In The Oxford Handbook of Latin American Economics, edited by J. A. Ocampo and J. Ros. New York: Oxford University Press.
   Google Scholar
• Hausmann, R., J. Hwang, and D. Rodrik. 2007. ‘What You Export Matters.’ Journal of Economic Growth 12 (1): 1–25.
   Web of Science ®Google Scholar
• Hein, E. 2014. Distribution and Growth After Keynes. Cheltenham: Edward Elgar.
   Google Scholar
• Hein, E., and A. Tarassow. 2010. ‘Distribution, Aggregate Demand and Productivity Growth: Theory and Empirical Results for Six OECD Countries Based on a Post-Kaleckian Model.’ Cambridge Journal of Economics 34 (4): 727–754.
   Web of Science ®Google Scholar
• Kaldor, N. 1956. ‘Alternative Theories of Distribution.’ Review of Economic Studies 23 (92): 83–100.
   Google Scholar
• Kaldor, N. 1966. Causes of the Slow Rate of Economic Growth of the United Kingdom: An Inaugural Lecture. Cambridge: Cambridge University Press.
   Google Scholar
• Kalecki, M. 1954. Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy. New York: Monthly Review Press.
   Google Scholar
• Kalecki, M. 1969. Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy. New York: Augustus M.
   Google Scholar
• Kurz, H. D. 1991. ‘Technical Change, Growth and Distribution: A Steady-state Approach to ‘Unsteady’ Growth on Kaldorian Lines.' In Nicholas Kaldor and Mainstream Economics, edited by E. J. Nell and W. Semmler. London: Palgrave Macmillan.
   Google Scholar
• Lavoie, M., and E. Stockhammer. 2013. ‘Wage-led Growth: Concept, Theories and Policies.' In Wage-led Growth. Advances in Labour Studies, edited by M. Lavoie and E. Stockhammer. London: Palgrave Macmillan.
   Google Scholar
• Ledesma, L. 2002. ‘Accumulation, Innovation and Catching-up: An Extended Cumulative Growth Model.' Cambridge Journal of Economics 26 (2): 201–216.
   Google Scholar
• Libânio, G. 2006. Manufacturing Industry and Economic Growth in Latin America: A Kaldorian Approach. Centro de Desenvolvimento e Planejamento Regional (CEDEPLAR), Federal University of Minas Gerais. http://www.policyinnovations.org/ideas/policy_library/data/01384/_res/id=sa_File1/Libanio_manufacturing.pdf.
   Google Scholar
• Missio, F., F. G. Jayme Jr., and, J. L. Oreiro. 2015. ‘The Structuralist Tradition in Economics: Methodological and Macroeconomics Aspects.’ Brazilian Review of Political Economy 35: 247–266.
   Google Scholar
• Naastepad, R. C. W. M. 2006. ‘Technology, Demand and Distribution: Application to the Dutch Productivity Growth Slowdown.’ Cambridge Journal of Economics 30: 403–434.
   Web of Science ®Google Scholar
• Naastepad, R. C. W. M., and S. Storm. 2007. ‘OECD Demand Regimes (1960–2000).’ Journal of Post-Keynesian Economics 29 (2): 211–246.
   Web of Science ®Google Scholar
• Ocampo, J. A. 2010. ‘The Great Recession and the Developing World.’ Document Prepared for the Spanish Presidency of the European Union, June.
   Google Scholar
• Ocampo, J. A. 2011. ‘Macroeconomy for Development: Countercyclical Policies and Production Sector Transformation.’ Cepal Review 104: 7–35.
   Google Scholar
• Oliveira, F. H., F. G. Jayme Jr., and M. B. Lemos. 2006. ‘Increasing Returns to Scale and International Diffusion of Technology: An Empirical Study for Brazil (1976–2000).’ World Development 34 (1): 75–88.
   Web of Science ®Google Scholar
• Palma, J. G. 2009. ‘Flying Geese and Waddling Ducks: The Different Capabilities of East Asia and Latin America to ‘Demand-Adapt’ and ‘Supply-Upgrade’ Their Export Productive Capacity.’ In The Political Economy of Capabilities Accumulation: The Past and Future of Policies for Industrial Development, edited by M. Cimoli, G. Dosi, and J. E. Stiglitz. New York: Oxford University Press.
   Google Scholar
• Palma, J. G. 2011. ‘Why Has Productivity Growth Stagnated in Most Latin American Countries Since the Neo- Liberal Reforms?’ In The Oxford Handbook of Latin American Economics, edited by J. A. Ocampo and J. Ros. New York: Oxford University Press.
   Google Scholar
• Pasinetti, L. 1962. ‘Rate of Profit and Income Distribution in Relation to the Rate of Economic Growth.’ The Review of Economic Studies 29: 267–279.
   Web of Science ®Google Scholar
• Prebisch, R. 1950. The Economic Development of Latin America and Its Principal Problems (E/CN.12/89/Rev.1), Lake Success, New York, United Nations. United Nations publication, Sales No. 50.II.G.2.
   Google Scholar
• Robinson, J. 1956. The Accumulation of Capital. London: Macmillan.
   Google Scholar
• Romero, J. P., and G. Britto. 2018. ‘Sophistication, Productivity and Trade: A Sectoral Investigation.' In Alternative Approaches in Macroeconomics: Essays in Honour of John McCombie, edited by P. Arestis. London: Palgrave Macmillan.
   Google Scholar
• Rowthorn, R. 1981. ‘Demand, Real Wages and Economic Growth.’ Thames Papers in Political Economy, Cambridge, Autumn, 1–37.
   Google Scholar
• Steindl, J. 1952. Matusrity and Stagnation in American Capitalism. Oxford: Basil Blackwell.
   Google Scholar
• Stockhammer, E. 1999. ‘Robinsonian and Kaleckian Growth. An Update on Post-Keynesian Growth Theories.’ Department of Economics Working Papers n.067. Vienna University of Economics, Department of Economics, Vienna.
   Google Scholar
• Storm, S., and R. C. W. M. Naastepad. 2012. ‘Wage-Led or Profit-Led Supply: Wages, Productivity and Investment.’ In Paper Written for the Project New Perspectives on Wages and Economic Growth: The Potentials of Wage-led Growth. Geneva: International Labour Office.
   Google Scholar
• Tosoni, G. A. 2014. ‘Wage Share and Economic Growth in Latin America, 1950–2011.’ Cepal Review 2014: 41–56.
   Google Scholar