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Full-Text Articles in Political Economy
Three Essays On Macroeconomic Implications Of Contemporary Financial Intermediation, Hyun Woong Park
Three Essays On Macroeconomic Implications Of Contemporary Financial Intermediation, Hyun Woong Park
Doctoral Dissertations
This dissertation contributes to the growing literature on macroeconomic models with a financial intermediary sector. The first two chapters use the circuit of capital modeling methodology to study the relation between growth and profitability in capitalist economy where credit is essential, and the third uses a more standard macrodynamic model to investigate how securitized banking, which relies on short-term collateralized borrowing, as opposed to traditional commercial banking, generates procyclical bank leverage, which in turn leads to supply-led fluctuation in credits and ultimately to a boom-bust cycle of asset prices. In chapter 1, I extend the baseline model of circuit of …
The Labor Share Question In China, Hao Qi
The Labor Share Question In China, Hao Qi
Doctoral Dissertations
In this study I explore why China’s labor share measured by the conventional approach experienced a major decline over the period from the mid-1990s to the outbreak of the global financial and economic crisis in 2008. I adopt a Marxian approach to address this question. Following the Marxian approach, I focus on how the power relation in the sphere of production affects labor’s share. I argue that major changes in the power relation that took place during the transition of China’s economic system have played a crucial role in the changes of distribution. To this end, I build homogenous series …
Structural Transformation, Culture, And Women’S Labor Force Participation In Turkey, Yasemin Dildar
Structural Transformation, Culture, And Women’S Labor Force Participation In Turkey, Yasemin Dildar
Doctoral Dissertations
Turkey has experienced important structural and social changes that would be expected to facilitate women’s participation in market work. Social attitudes toward working women have changed in recent years; women are becoming more educated; they are getting married at a later age; and fertility rates are declining. Despite these factors, women’s labor force participation rates are very low in comparison to the countries at a similar development stage. This dissertation analyzes the underlying causes of low female labor force participation in Turkey. In addition to a background chapter (Chapter 2) analyzing structural transformation and employment generation patterns, the dissertation has …