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DOI :10.26650/ISTJECON2022-1275817   IUP :10.26650/ISTJECON2022-1275817    Tam Metin (PDF)

Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model

Betül MutlugünAhmet İncekara

In this study, we present an empirical investigation into demand and distribution dynamics using structural vector autoregression analysis for Turkey between the period 1970-2017. The theoretical analysis is based on a Kaleckian dynamic macro model where distributive shares are determined endogenously by introducing Rowthorn’s conflicting claims on income by workers and firms and labor productivity is allowed to vary with the level of capacity utilization due to economies of scale due to Kaldor–Verdoorn effects and wage-push effects according to Marx. Our findings indicate that increases in wage share lead to an increase in accumulation and growth which suggests wage-led effective demand, while distributive dynamics demonstrate profit-squeeze results, at least in the short run. Moreover, the empirical model confirms most of the typical Kaleckian results.

JEL Classification : E12 , E25 , C32

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APA

Mutlugün, B., & İncekara, A. (2023). Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model. İstanbul İktisat Dergisi, 73(1), 1-54. https://doi.org/10.26650/ISTJECON2022-1275817


AMA

Mutlugün B, İncekara A. Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model. İstanbul İktisat Dergisi. 2023;73(1):1-54. https://doi.org/10.26650/ISTJECON2022-1275817


ABNT

Mutlugün, B.; İncekara, A. Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model. İstanbul İktisat Dergisi, [Publisher Location], v. 73, n. 1, p. 1-54, 2023.


Chicago: Author-Date Style

Mutlugün, Betül, and Ahmet İncekara. 2023. “Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model.” İstanbul İktisat Dergisi 73, no. 1: 1-54. https://doi.org/10.26650/ISTJECON2022-1275817


Chicago: Humanities Style

Mutlugün, Betül, and Ahmet İncekara. Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model.” İstanbul İktisat Dergisi 73, no. 1 (Dec. 2023): 1-54. https://doi.org/10.26650/ISTJECON2022-1275817


Harvard: Australian Style

Mutlugün, B & İncekara, A 2023, 'Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model', İstanbul İktisat Dergisi, vol. 73, no. 1, pp. 1-54, viewed 3 Dec. 2023, https://doi.org/10.26650/ISTJECON2022-1275817


Harvard: Author-Date Style

Mutlugün, B. and İncekara, A. (2023) ‘Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model’, İstanbul İktisat Dergisi, 73(1), pp. 1-54. https://doi.org/10.26650/ISTJECON2022-1275817 (3 Dec. 2023).


MLA

Mutlugün, Betül, and Ahmet İncekara. Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model.” İstanbul İktisat Dergisi, vol. 73, no. 1, 2023, pp. 1-54. [Database Container], https://doi.org/10.26650/ISTJECON2022-1275817


Vancouver

Mutlugün B, İncekara A. Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model. İstanbul İktisat Dergisi [Internet]. 3 Dec. 2023 [cited 3 Dec. 2023];73(1):1-54. Available from: https://doi.org/10.26650/ISTJECON2022-1275817 doi: 10.26650/ISTJECON2022-1275817


ISNAD

Mutlugün, Betül - İncekara, Ahmet. Estimation of the Distribution and Demand Dynamics in Turkey: Structural Vector Autoregression Approach to a Post-Keynesian Model”. İstanbul İktisat Dergisi 73/1 (Dec. 2023): 1-54. https://doi.org/10.26650/ISTJECON2022-1275817



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Gönderim03.04.2023
Kabul24.05.2023
Çevrimiçi Yayınlanma26.06.2023

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