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dc.contributor.authorJuuti, Toni
dc.date.accessioned2019-12-10T10:30:55Z
dc.date.available2019-12-10T10:30:55Z
dc.date.issued2020
dc.identifier.citationJuuti, T. (2020). Integrated capital shares. <i>Applied Economics Letters</i>, <i>27</i>(18), 1533-1540. <a href="https://doi.org/10.1080/13504851.2019.1693695" target="_blank">https://doi.org/10.1080/13504851.2019.1693695</a>
dc.identifier.otherCONVID_33632720
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/66696
dc.description.abstractIn empirical macroeconomics, inter-dependencies between countries are often analysed using cross-country correlations or graphical investigation of time series. This study shows that applying an alternative methodological approach - identification of common unobservable factors and using them as explanatory variables for country-specific time series - indicates a stronger cross-country integration of functional income distributions than the standard methods. The results vary only little between different samples, where both the country and year coverage change. Moreover, the main findings are not sensitive to the way capital depreciation is taken into account. The primary driving factor seems to be the same irrespective of the set of countries and time period. Furthermore, in the majority of the countries, this factor is strongly correlated with both trade openness and total factor productivity, which have been suggested to be key drivers behind the changes in the division of income between capital and labour.en
dc.format.mimetypeapplication/pdf
dc.languageeng
dc.language.isoeng
dc.publisherRoutledge
dc.relation.ispartofseriesApplied Economics Letters
dc.rightsIn Copyright
dc.subject.otherfunctional income distribution
dc.subject.othercross-country integration
dc.subject.otherprincipal component analysis
dc.titleIntegrated capital shares
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201912105165
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineBasic or discovery scholarshipfi
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineBasic or discovery scholarshipen
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.description.reviewstatuspeerReviewed
dc.format.pagerange1533-1540
dc.relation.issn1350-4851
dc.relation.numberinseries18
dc.relation.volume27
dc.type.versionacceptedVersion
dc.rights.copyright© 2019 Informa UK Limited, trading as Taylor & Francis Group
dc.rights.accesslevelopenAccessfi
dc.subject.ysotulonjako
dc.subject.ysokansainvälinen vertailu
dc.subject.ysomakrotaloustiede
dc.subject.ysoaikasarjat
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p3480
jyx.subject.urihttp://www.yso.fi/onto/yso/p19660
jyx.subject.urihttp://www.yso.fi/onto/yso/p7634
jyx.subject.urihttp://www.yso.fi/onto/yso/p12290
dc.rights.urlhttp://rightsstatements.org/page/InC/1.0/?language=en
dc.relation.doi10.1080/13504851.2019.1693695
jyx.fundinginformationThis work was supported by the Finnish Cultural Foundation, South Savo Regional Fund under [Grant 12181963].


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