The effect of inflation and real wages on productivity: new evidence from a panel of G7 countries

被引：25
|
作者：
Narayan, Paresh [1 ]
Smyth, Russell [2 ]
机构：
[1] Deakin Univ, Sch Accounting Econ & Finance, Fac Business & Law, Melbourne, Vic, Australia
[2] Monash Univ, Dept Econ, Fac Business & Econ, Melbourne, Vic 3004, Australia
来源：
APPLIED ECONOMICS | 2009年 / 41卷 / 10期
关键词：
GROWTH; COINTEGRATION; TESTS;
D O I：
10.1080/00036840701537810
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article examines the effect of inflation and real wages on productivity within a panel unit root and panel cointegration framework for the G7 countries over the period 1960 to 2004. The main contribution of the article is to provide panel long-run estimates of the effect of inflation and real wages on productivity in the G7 countries over this period. The article finds that for the panel as a whole a 1% increase in real wages generates a 0.6% increase in productivity, while the effects of inflation on productivity are statistically insignificant for most of the individual countries and for the panel as a whole.
引用
收藏
页码：1285 / 1291
页数：7
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