期刊名称:South-Eastern Europe Journal of Economics (SEEJE)
印刷版ISSN:1109-8597
电子版ISSN:1792-3115
出版年度:2019
卷号:17
期号:2
页码:267-290
出版社:Association of Economic Universities of South and Eastern Europe and the Black Sea Region
摘要:The cyclical influence on inequality is investigated using the model formulatedfrom the theory of unequal labour exchange, based on disequilibrium prices,capital-labour ratios, efficiencies, disequilibrium factor incomes, and exploitation.Empirical employment of the abovementioned categories allowed for clusteringEurozone countries according to corresponding trends. Findings indicated countryleveldifferentiability regarding the utilisation of cyclical advantages. Since thecountries did not share a cycle tendentially, a consequential asymmetrical benefitdistribution caused divergence and cross-country inequality. The implicationsof these conclusions are acute for Eurozone sustainability, which must revise itsflawed economic foundations with built-in destabilisers that divide its membersand oppose the goals of effective single market integration.
关键词:Economic Inequality; Economic Cycles; Unequal Labour Exchange