Capitalism and Labor Shares: A Cross-Country Panel Study, 1970 to 2010
SSRN Electronic Journal
2013
- 6Citations
- 2,088Usage
- 4Captures
- 1Mentions
Metric Options: CountsSelecting the 1-year or 3-year option will change the metrics count to percentiles, illustrating how an article or review compares to other articles or reviews within the selected time period in the same journal. Selecting the 1-year option compares the metrics against other articles/reviews that were also published in the same calendar year. Selecting the 3-year option compares the metrics against other articles/reviews that were also published in the same calendar year plus the two years prior.
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Citations6
- Citation Indexes6
- 6
- Usage2,088
- Abstract Views1,818
- 1,816
- Downloads270
- 270
- Captures4
- Readers4
- SSRN2
- Mentions1
- Blog Mentions1
- Blog1
Article Description
We examine the empirical relationship between the institutions of economic freedom and labor shares in a panel up to 93 countries covering 1970 through 2009. We find that a standard deviation increase in the Fraser Institute’s Economic Freedom of the World (EFW) score is associated about 1/3 standard deviation increase in a country’s labor share. Starting from the sample mean labor share in our panel, this amounts to about 4.26 percentage points. This relationship is robust to considering OECD and non-OECD samples separately. It is also (both qualitatively and quantitatively) robust to controlling for differences in human capital levels, labor productivity, trade union density, and international economic flows. Breaking the EFW into its individual component areas, the regulation of credit, business and labor appears to be the most important source of the positive EFW-labor share relationship.
Bibliographic Details
http://www.ssrn.com/abstract=2205786; http://dx.doi.org/10.2139/ssrn.2205786; https://scholar.smu.edu/centers_oneilcenter_research/27; https://scholar.smu.edu/cgi/viewcontent.cgi?article=1035&context=centers_oneilcenter_research; https://dx.doi.org/10.2139/ssrn.2205786; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2205786; https://ssrn.com/abstract=2205786
Elsevier BV
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