Distribución funcional del ingreso y régimen de crecimiento en México y España

  1. LUYANDO CUEVAS, JOSE RAUL
  2. HERRERA REVUELTA, JULIO
Journal:
Cuadernos de economía ( Santafé de Bogotá )

ISSN: 0121-4772

Year of publication: 2018

Volume: 37

Issue: 73

Pages: 121-142

Type: Article

DOI: 10.15446/CUAD.ECON.V37N73.58811 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Cuadernos de economía ( Santafé de Bogotá )

Sustainable development goals

Abstract

The purpose of neoliberal reforms was to stimulate private investment and exports, and, therefore, generate higher growth and employment. However, these changes have generated a significant drop in the share of wages in income in both developed and developing countries since the late 70s. This study was undertaken using post-Keynesian theory; however, it made changes to investment and exportation functions so that the functional distribution has a greater weight in the estimations. We found that the wage moderation policies have adversely influenced the inner components of demand; while Spain is wage-led, Mexico is profit-led.

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