A mathematical contribution to the economic growth theory. Evidence on the relationship between wages and output from the Italian region
DOI:
https://doi.org/10.38191/iirr-jorr.23.020Keywords:
Wage-led economic growth;, Economic growth; Wages per worker;, Regional developmentAbstract
In this manuscript, the authors empirically assess the impact of an increase in the wage per worker on the GDP per capita of the Italian regions. To achieve this research aim, the authors carry out a panel data regression analysis, relying on an identification strategy based on the standard Neoclassical model of economic growth. The authors’ results suggest that, on average, the output effect of an increase in the wage per worker is positive, with a substantial difference between the Northern and Center-Southern regions. The authors’ policy implication is that wage moderation does not represent a remedy to the economic stagnation that the Italian regions have been experiencing since the second half of the 1990s.
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En el momento de aceptar la publicación de sus artículos en Investigaciones Regionales / Journal of Regional Research, los autores acceden a utilizar la licencia Creative Commons CC BY-NC. IIRR/JRR es una revista abierta que permite a los autores retener el máximo control sobre su trabajo. Los autores aceptarán utilizar la licencia Creative Commons Attribution-NonCommercial. Esta licencia permite a cualquier persona copiar y distribuir el artículo con propósitos no comerciales, siempre y cuando se atribuya adecuadamente la atribución del trabajo a la revista y a los autores.