<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0121-4772</journal-id>
<journal-title><![CDATA[Cuadernos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. Econ.]]></abbrev-journal-title>
<issn>0121-4772</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-47722018000100121</article-id>
<article-id pub-id-type="doi">10.15446/cuad.econ.v37n73.58811</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[DISTRIBUCIÓN FUNCIONAL DEL INGRESO Y RÉGIMEN DE CRECIMIENTO EN MÉXICO Y ESPAÑA]]></article-title>
<article-title xml:lang="en"><![CDATA[Functional income distribution and growth regime in Mexico and Spain]]></article-title>
<article-title xml:lang="fr"><![CDATA[Distribution fonctionnelle du revenu et régime de croissance au Mexique et en Espagne]]></article-title>
<article-title xml:lang="pt"><![CDATA[Distribuição funcional da receita e regime de crescimento no México e na Espanha]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Herrera Revuelta]]></surname>
<given-names><![CDATA[Julio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Luyando Cuevas]]></surname>
<given-names><![CDATA[José Raúl]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Valladolid  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Spain</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto de Investigaciones Sociales de la Universidad Autónoma de Nuevo León  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2018</year>
</pub-date>
<volume>37</volume>
<numero>73</numero>
<fpage>121</fpage>
<lpage>142</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-47722018000100121&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-47722018000100121&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-47722018000100121&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El propósito de las reformas neoliberales era estimular la inversión privada y las exportaciones para, de este modo, generar un mayor crecimiento y empleo. Sin embargo, estas modificaciones han generado una caída significativa de la participación de los salarios en el ingreso, tanto en países desarrollados, como en desarrollo, desde finales de la década de los setenta. La investigación de este fenómeno se hace desde la teoría poskeynesiana, pero realizando modificaciones a las funciones de inversión y exportaciones, de modo que la distribución funcional tenga un peso mayor en las estimaciones. Se encontró que las políticas de restricción salarial influyen negativamente en los componentes internos de la demanda, de manera que España resulta ser wage-led, y México profit-led. JEL: E12, E20, E22, E25, E61.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The purpose of neoliberal reforms was to stimulate private investment and exports, and, therefore, generate higher growth and employment. However, these changes have generated a significant drop in the share of wages in income in both developed and developing countries since the late 70s. This study was undertaken using post-Keynesian theory; however, it made changes to investment and exportation functions so that the functional distribution has a greater weight in the estimations. We found that the wage moderation policies have adversely influenced the inner components of demand; while Spain is wage-led, Mexico is profit-led. JEL: E12, E20, E22, E25, E61.]]></p></abstract>
<abstract abstract-type="short" xml:lang="fr"><p><![CDATA[Résumé Le but des réformes néolibérales consistait à stimuler l&#8217;investissement privé et les exportations pour, de cette manière, générer davantage de croissance et d&#8217;emploi. Cependant, à partir de la fin des années soixante-dix, ces modifications ont entraîné une chute significative de le participation des salaires dans le revenu, tant dans les pays développés que sous-développés. L&#8217;investigation sur ce phénomène se fait à partir de la théorie post-keynésienne, mais en procédant à des modifications des fonctions d&#8217;investissement et d&#8217;exportations, de façon à ce que la distribution fonctionnelle ait plus de poids dans les estimations. On a trouvé que les politiques de restriction salariale influaient négativement les composantes internes de la demande de telle sorte que l&#8217;Espagne se trouve être wage-led et le Mexique profit-led. JEL: E12, E20, E22, E25, E61.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo O propósito das reformas neoliberais era estimular o investimento privado e as exportações para, desse modo, gerar um maior crescimento e emprego. Porém, essas modificações têm gerado uma queda significativa da participação dos salários na receita, tanto em países desenvolvidos, como em processo de desenvolvimento, desde o final da década de setenta. A pesquisa sobre esse fenômeno se faz a partir da teoria poskeynesiana, mas realizando modificações nas funções de investimento e exportações, de modo que a distribuição funcional tenha um peso maior nas estimativas. Encontrou-se que as políticas de restrição salarial influem negativamente nos componentes internos da demanda, de maneira que a Espanha resulta ser wage-led, e o México profit-led. JEL: E12, E20, E22, E25, E61.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[distribución funcional del ingreso]]></kwd>
<kwd lng="es"><![CDATA[crecimiento de la demanda agregada]]></kwd>
<kwd lng="es"><![CDATA[consumo]]></kwd>
<kwd lng="es"><![CDATA[inversión]]></kwd>
<kwd lng="es"><![CDATA[exportaciones netas]]></kwd>
<kwd lng="en"><![CDATA[Functional income distribution]]></kwd>
<kwd lng="en"><![CDATA[demand growth]]></kwd>
<kwd lng="en"><![CDATA[consumption]]></kwd>
<kwd lng="en"><![CDATA[investment]]></kwd>
<kwd lng="en"><![CDATA[net exports]]></kwd>
<kwd lng="fr"><![CDATA[Distribution fonctionnelle du revenu]]></kwd>
<kwd lng="fr"><![CDATA[croissance de la demande agrégée]]></kwd>
<kwd lng="fr"><![CDATA[consommation]]></kwd>
<kwd lng="fr"><![CDATA[investissement]]></kwd>
<kwd lng="fr"><![CDATA[exportations nettes]]></kwd>
<kwd lng="pt"><![CDATA[distribuição funcional da receita]]></kwd>
<kwd lng="pt"><![CDATA[crescimento da demanda agregada]]></kwd>
<kwd lng="pt"><![CDATA[consumo]]></kwd>
<kwd lng="pt"><![CDATA[investimento]]></kwd>
<kwd lng="pt"><![CDATA[exportações líquidas]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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