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

Narayan, Paresh and Smyth, Russell 2009, The effect of inflation and real wages on productivity: new evidence from a panel of G7 countries, Applied Economics, vol. 41, no. 10, pp. 1285-1291.

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Title The effect of inflation and real wages on productivity: new evidence from a panel of G7 countries
Author(s) Narayan, Paresh
Smyth, Russell
Journal name Applied Economics
Volume number 41
Issue number 10
Start page 1285
End page 1291
Publisher Routledge
Place of publication London, England
Publication date 2009-04
ISSN 0003-6846
1466-4283
Summary 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.
Language eng
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 910103 Economic Growth
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022727

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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