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Professor Guidedc.contributor.advisorLópez, Ramón
Authordc.contributor.authorVillanueva, Fernando 
General notedc.descriptionTesis para optar al grado de Magíster en Análisis Económicoes_ES
Abstractdc.description.abstractThe main objective of this work is to estimate the effects of income redistribution on economic growth in Chile with a post-Kaleckian/post-Keynesian approach. We analyze the period between 1996-2017, identifying the effect of an increase in the profit share on aggregate demand. We seek to highlight the “forgotten” role of wages as a source of demand and try to understand the macroeconomic effects of inequality such as its impact on achieving long-term economic growth. Our main results show that an increase of 1%-point in the profit share will lead to a contraction of 0.44% in aggregate demand, which indicates that Chilean economic growth is wage-led. Furthermore, we use an innovative approach by testing whether economic growth is wage-led or profit-led. Allowing for possible transformations from one regime to the other over the period analyzed. The conclusions are that for a significant part of the period, economic growth in Chile was wage-led. Which means that in such period an increase in the wage rate would cause faster economic growth. In other words, improving income distribution would be consistent with faster economic growth.es_ES
Publisherdc.publisherUniversidad de Chilees_ES
Type of licensedc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
Link to Licensedc.rights.uri*
Keywordsdc.subjectCrecimiento económicoes_ES
Keywordsdc.subjectDistribución del ingresoes_ES
Area Temáticadc.subject.otherEconomíaes_ES
Títulodc.titleWage-led or profit-led economic growth : the case of Chile 1996-2017es_ES
Document typedc.typeTesises_ES
Departmentuchile.departamentoEscuela de Postgradoes_ES
Facultyuchile.facultadFacultad de Economía y Negocioses_ES

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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile