A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Integrated capital shares (2020)


Juuti, Toni (2020). Integrated capital shares. Applied Economics Letters, 27 (18), 1533-1540 . DOI: 10.1080/13504851.2019.1693695


JYU-tekijät tai -toimittajat


Julkaisun tiedot

Julkaisun kaikki tekijät tai toimittajat: Juuti, Toni

Lehti tai sarja: Applied Economics Letters

ISSN: 1350-4851

eISSN: 1466-4291

Julkaisuvuosi: 2020

Volyymi: 27

Lehden numero: 18

Artikkelin sivunumerot: 1533-1540

Kustantaja: Routledge

Julkaisumaa: Britannia

Julkaisun kieli: englanti

DOI: https://doi.org/10.1080/13504851.2019.1693695

Avoin saatavuus: Julkaisukanava ei ole avoin

Julkaisu on rinnakkaistallennettu (JYX): https://jyx.jyu.fi/handle/123456789/66696


Tiivistelmä

In empirical macroeconomics, inter-dependencies between countries are often analysed using cross-country correlations or graphical investigation of time series. This study shows that applying an alternative methodological approach - identification of common unobservable factors and using them as explanatory variables for country-specific time series - indicates a stronger cross-country integration of functional income distributions than the standard methods. The results vary only little between different samples, where both the country and year coverage change. Moreover, the main findings are not sensitive to the way capital depreciation is taken into account. The primary driving factor seems to be the same irrespective of the set of countries and time period. Furthermore, in the majority of the countries, this factor is strongly correlated with both trade openness and total factor productivity, which have been suggested to be key drivers behind the changes in the division of income between capital and labour.


YSO-asiasanat: tulonjako; aikasarjat; kansainvälinen vertailu; makrotaloustiede

Vapaat asiasanat: functional income distribution; cross-country integration; principal component analysis


Liittyvät organisaatiot

JYU-yksiköt:


OKM-raportointi: Kyllä

Alustava JUFO-taso: 1


Viimeisin päivitys 2020-28-10 klo 08:54