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- MakaleYalnız künye2022Economic Integration, Spatial Interaction and Labour Income Share: Evidence from the EU-13 Countries and the UK
Çelik, Orkun; Karadağ, Metin
We aim to investigate the effect of Single Market Programme on the spatial interaction of labour income share amongst the EU countries. Spatial panel data analysis is used for the aim of the study. The dataset is obtained from AMECO and WDI databases and covers the time period of 1960–2017. The results show that sign of spatial interaction between these countries in term of the labour income share has turned from positive to negative after the Single Market Programme. In other words, the Single Market Programme has induced to decrease the labour income share by negatively affecting the spatial interaction between these countries. In addition, we find that although the negative impacts of capital-output ratio and trade openness on the labour income share decrease, the negative impact of total factor productivity increases after the Single Market Programme. The results of robustness check also confirm our empirical findings.
- MakaleYalnız künye2020Betting on the Future: A Comparison Macroeconomic Dynamics of Labour Income Share in The United States: Evidence From MARS
Çelik, Orkun
Macroeconomic dynamics of the labour income share (herein: lis) in the United States for the period of 1948Q1-2019Q1 are tried to be determined in this study, where the Multivariate Adaptive Regression Splines (will be referred to herein as MARS) approach is employed. In order to investigate sectorial differences, the business, non-farm, and non-finance sectors are evaluated, respectively. In accordance with the results obtained, it may be observed that the macroeconomic dynamics of lis in the business sector are productivity, export, profit, gross private domestic investment, unemployment rate, current account balance, gross domestic product, and tax revenue, respectively. Related macroeconomic dynamics of lis concerning non-farm sector are productivity, current account balance, gross private domestic investment, export, consumer price index, gross domestic product, profit, unemployment rate, and gross government investment.
- MakaleYalnız künye2020Macroeconomic Dynamics of Labour Income Share in the United States: Evidence From MARS
Çelik, Orkun
Macroeconomic dynamics of labour income share (will be referred to herein as lis) in the United States for the period of 1948Q1-2019Q1 are tried to be determined in this study, where Multivariate Adaptive Regression Splines (will be referred to herein as MARS) approach is employed. In order to investigate sectoral differences, the business, non-farm, and non-finance sectors are evaluated, respectively. In accordance with the obtained results, it may be observed that the macroeconomic dynamics of lis in the business sector are productivity, export, profit, gross private domestic investment, unemployment rate, current account balance, gross domestic product, and tax revenue, respectively. Related macroeconomic dynamics of lis concerning non-farm sector are productivity, current account balance, gross private domestic investment, export, consumer price index, gross domestic product, profit, unemployment rate, and gross government investment. Aforementioned dynamics for non-finance sector are also profit, productivity, import, gross domestic product, tax revenue, gross government investment, consumer price index, and unemployment rate. In accordance with this, the most significant dynamic with respect to lis is profit in the non-finance sector, while it is productivity in the business and non-farm sectors.