소규모 개방경제에서 소득분배가 성장에 미치는 영향: 칼레츠키안 모형을 이용한 실증분석
Distribution and Growth in a Small Open Economy: Empirical Research Using the Kaleckian Model
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본 논문은 소규모 개방경제에서 소득분배가 경제성장에 미치는 영향을 칼레츠키안(Kaleckian) 모형을 이용해서 분석하고, Hein and Vogel(2008)에서 이용된 단일방정식접근방법(single equation approach)을 따라 한국경제의 성장체제를 1970년에서 2011년 사이의 기간을 대상으로 실증적으로 검증한다. 연구 결과, 우리는 많은 선행연구들이 제시하듯이 한국경제는 대내적으로는 임금주도 성장체제(wage-led growth regime)이지만, 대외부문을 고려하면 이윤주도 성장체제(profit-led growth regime)임을 알 수 있었다. 또 분석 결과, 본격적인 신자유주의체제에 들어선 2000년 이후 한국경제는 임금소득자의 희생 위에서 수출주도의 성장경로(export-led growth path)를 택하고 있음을 알 수 있었다.
Abstract
This paper analyzes the effect of income distribution on economic growth in a small open economy using the Kaleckian macro-model. This paper empirically investigates whether the Korean economy is a wage-led growth regime or profit-led growth regime, utilizing the single equation approach of Hein and Vogel(2008). Empirical results show that the Korean economy is a wage-led growth regime domestically, but overall a profit-led growth regime including open economy effects. Further investigation reveals that the Korean economy follows the export-led growth path based on wage repression after the year 2000 when it fully entered into the era of the Neoliberalism.
참고문헌 (15)
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