Jump to ContentJump to Main Navigation
A New View of Economic Growth$
Users without a subscription are not able to see the full content.

Maurice FitzGerald Scott

Print publication date: 1991

Print ISBN-13: 9780198287421

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198287429.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 29 September 2020

Verdoorn's and Kaldor's Laws

Verdoorn's and Kaldor's Laws

(p.336) 12 Verdoorn's and Kaldor's Laws
A New View of Economic Growth

Maurice FitzGerald Scott

Oxford University Press

Labour productivity has grown at different rates in similar industries in different countries. Verdoorn suggested that this could be explained by faster rates of growth of output leading to economies of scale, but there are several other explanations, and the relation with output growth is not robust. Kaldor found that the rate of growth of total output in different countries was higher the faster was the rate of growth of manufacturing output from 1953 to 1963, and attributed this to demand factors, especially exports. However, the positive relation between the two virtually disappeared from 1970 to 1983, and can be explained ad hoc.

Keywords:   economies of scale, Kaldor, labour productivity growth, manufacturing output growth, output growth, Verdoorn

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .