G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Kaldor-Verdoorn's Law and Increasing Returns to Scale: A Comparison Across Developed Countries
Emanuele Millemaci; Ferdinando Ofria
发表日期2012
出处Economy and Society
出版年2012
语种英语
摘要The objective of this study is to investigate the validity of the Kaldor-Verdoorn’s Law in explaining the long run determinants of the labor productivity growth for the manufacturing sector of some developed economies (Western European Countries, Australia, Canada, Japan and United States). We consider the period 1973-2006 using data provided by the European Commission - Economics and Financial Affairs. Our findings suggest that the law is valid for the manufacturing as countries show increasing returns to scale. Capital growth and labor cost growth do not appear important in explaining productivity growth. The estimated Verdoorn coefficients are found to be substantially stable throughout the period.
特色分类C32;O47;O57
关键词Increasing Returns Kaldor-Verdoorn Law Productivity Growth Manufacturing Sector
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/kaldor-verdoorn-s-law-and-increasing-returns-to-scale-a-comparison-across-developed-countries/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/118027
推荐引用方式
GB/T 7714
Emanuele Millemaci,Ferdinando Ofria. Kaldor-Verdoorn's Law and Increasing Returns to Scale: A Comparison Across Developed Countries. 2012.
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