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

Detalhes bibliográficos
Autor(a) principal: Barradas, Ricardo
Data de Publicação: 2017
Outros Autores: Lagoa, Sérgio
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/14573
Resumo: Artigo em revista científica internacional com arbitragem científica
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spelling Functional income distribution in portugal: the role of financialisation and other related determinantsFinancialisationInequalityPortuguese functional income distributionCointegrationARDL modelsArtigo em revista científica internacional com arbitragem científicaThis 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.Akadémiai KiadóRCIPLBarradas, RicardoLagoa, Sérgio2018-02-21T18:15:51Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/14573eng1588-972610.1556/204.2017.39.2.2info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-08-03T09:55:02Zoai:repositorio.ipl.pt:10400.21/8095Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:16:55.369358Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Functional income distribution in portugal: the role of financialisation and other related determinants
title Functional income distribution in portugal: the role of financialisation and other related determinants
spellingShingle Functional income distribution in portugal: the role of financialisation and other related determinants
Barradas, Ricardo
Financialisation
Inequality
Portuguese functional income distribution
Cointegration
ARDL models
title_short Functional income distribution in portugal: the role of financialisation and other related determinants
title_full Functional income distribution in portugal: the role of financialisation and other related determinants
title_fullStr Functional income distribution in portugal: the role of financialisation and other related determinants
title_full_unstemmed Functional income distribution in portugal: the role of financialisation and other related determinants
title_sort Functional income distribution in portugal: the role of financialisation and other related determinants
author Barradas, Ricardo
author_facet Barradas, Ricardo
Lagoa, Sérgio
author_role author
author2 Lagoa, Sérgio
author2_role author
dc.contributor.none.fl_str_mv RCIPL
dc.contributor.author.fl_str_mv Barradas, Ricardo
Lagoa, Sérgio
dc.subject.por.fl_str_mv Financialisation
Inequality
Portuguese functional income distribution
Cointegration
ARDL models
topic Financialisation
Inequality
Portuguese functional income distribution
Cointegration
ARDL models
description Artigo em revista científica internacional com arbitragem científica
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01T00:00:00Z
2018-02-21T18:15:51Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/14573
url http://hdl.handle.net/10071/14573
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1588-9726
10.1556/204.2017.39.2.2
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Akadémiai Kiadó
publisher.none.fl_str_mv Akadémiai Kiadó
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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