LAPSE:2023.17955
Published Article

LAPSE:2023.17955
A Panel Analysis of the Impact of Green Transformation and Globalization on the Labor Share in the National Income
March 7, 2023
Abstract
This study aims to examine the impact of green transition and globalization processes on changes in the labour share. The study covers 76 national economies diversified in development, global production share and energy transition stage from 2000 to 2018. Based on the Total Economy Database data, panel models of the relationship between green transition, globalization and the labour share in the national income were estimated. The conducted Breusch−Pagan and Hausman tests proved the validity of using fixed-effects models. We confirmed the research hypothesis that the openness of the economy contributes to a decline in the labour share. The openness of the economy resulting from globalization reduces the labour share in the national income. We do not confirm hypotheses that suggest energy transition contributes to a reduction in the labour share and that the labour share will decline in the post-crisis period due to the lower bargaining power of workers. Changes in the labour share should be of interest to government representatives who influence the shape and implementation of economic policy, especially in employment policy, education, and investment policy, mainly aimed at the green transformation.
This study aims to examine the impact of green transition and globalization processes on changes in the labour share. The study covers 76 national economies diversified in development, global production share and energy transition stage from 2000 to 2018. Based on the Total Economy Database data, panel models of the relationship between green transition, globalization and the labour share in the national income were estimated. The conducted Breusch−Pagan and Hausman tests proved the validity of using fixed-effects models. We confirmed the research hypothesis that the openness of the economy contributes to a decline in the labour share. The openness of the economy resulting from globalization reduces the labour share in the national income. We do not confirm hypotheses that suggest energy transition contributes to a reduction in the labour share and that the labour share will decline in the post-crisis period due to the lower bargaining power of workers. Changes in the labour share should be of interest to government representatives who influence the shape and implementation of economic policy, especially in employment policy, education, and investment policy, mainly aimed at the green transformation.
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Keywords
globalization, green growth, labour share, panel data model
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Suggested Citation
Gawrycka M, Szymczak A. A Panel Analysis of the Impact of Green Transformation and Globalization on the Labor Share in the National Income. (2023). LAPSE:2023.17955
Author Affiliations
Gawrycka M: Department of Finance, Faculty of Managent and Economics, Gdańsk University of Technology, 80-233 Gdańsk, Poland [ORCID]
Szymczak A: Faculty of Economics and Social Sciences, Sopot University of Applied Science, 81-855 Sopot, Poland
Szymczak A: Faculty of Economics and Social Sciences, Sopot University of Applied Science, 81-855 Sopot, Poland
Journal Name
Energies
Volume
14
Issue
21
First Page
6967
Year
2021
Publication Date
2021-10-23
ISSN
1996-1073
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Original Submission
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PII: en14216967, Publication Type: Journal Article
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LAPSE:2023.17955
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https://doi.org/10.3390/en14216967
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Mar 7, 2023
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