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Functional income distribution in portugal: the role of financialisation and other related determinants

2017Journal article Open access
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dc.contributor.authorBarradas, Ricardo
dc.contributor.authorLagoa, Sérgio
dc.date.accessioned2018-02-21T18:15:51Z
dc.date.available2018-02-21T18:15:51Z
dc.date.issued2017
dc.descriptionArtigo em revista científica internacional com arbitragem científicapt_PT
dc.description.abstractThis paper provides an empirical analysis of the relationship between the labour income share and financialisation, as well as other related variables in Portugal from 1978 to 2012. We estimate an equation for the labour share that includes standard variables (technological progress, globalisation, education and business cycle) and variables to capture the effect of financialisation. We formulate the hypothesis that the financialisation process may lead to a rise in the inequality of functional income distribution through three channels: the change in the sectoral composition of the economy (due to both the increase in the weight of financial activity and the decrease in government activity), the diffusion of shareholder value governance practices and the weakening of trade unions. Our results show that the financialisation process has an indirect long-term effect on the labour share through its impact on government activity and trade union density. The paper also finds evidence supporting the traditional explanations for functional income distribution, namely globalisation, education and business cycle.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1556/204.2017.39.2.2pt_PT
dc.identifier.issn1588-9726
dc.identifier.urihttp://hdl.handle.net/10071/14573
dc.identifier.urihttp://hdl.handle.net/10400.21/8095
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherAkadémiai Kiadópt_PT
dc.relation.publisherversionhttp://akademiai.com/doi/abs/10.1556/204.2017.39.2.2pt_PT
dc.subjectFinancialisationpt_PT
dc.subjectInequalitypt_PT
dc.subjectPortuguese functional income distributionpt_PT
dc.subjectCointegrationpt_PT
dc.subjectARDL modelspt_PT
dc.titleFunctional income distribution in portugal: the role of financialisation and other related determinantspt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.conferencePlaceHungriapt_PT
oaire.citation.endPage212pt_PT
oaire.citation.startPage183pt_PT
oaire.citation.titleSociety and Economypt_PT
oaire.citation.volume32pt_PT
person.familyNameBarradas
person.familyNameLagoa
person.givenNameRicardo
person.givenNameSérgio
person.identifier.ciencia-id061D-E6BF-503D
person.identifier.orcid0000-0003-0212-3568
person.identifier.orcid0000-0003-2790-6518
person.identifier.scopus-author-id57131382000
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublicationc0fa42ef-438a-4757-b835-19de30af5ed6
relation.isAuthorOfPublicationa2ba08a2-3a40-47a9-a2e3-84b111ac6b99
relation.isAuthorOfPublication.latestForDiscoverya2ba08a2-3a40-47a9-a2e3-84b111ac6b99

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