Differences in Growth Rates and Kaldor's Laws
Bibliographic Data
| ID | 9723838 |
|---|---|
| Authors | A Parikh (corresponding author) |
| Year | 1978 |
| Volume | 45 |
| Issue | 177 |
| Pages | 83 |
| Publication date | 1978-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2553256 |
| OpenAlex | W2007373113 |
| Language | EN |
| Citations received | 7 |
| References cited | 3 |
where p is the rate of growth of productivity, q is the rate of growth of output, e is the rate of growth of employment, and a, (3, -y and 8 are parameters. Kaldor regressed e on q to support his conclusion that the slow growth of industrial productivity was due to a shortage of labour which prevented exploitation of economies of scale. He took the growth rate q of manufacturing output as an independent variable and regressed the growth rate of productivity p and of employment e on q, concluding that each percentage addition to the growth of output requires a 0.5 per cent increase in the growth rate of employment, in terms of man-hours, and is associated with a 0.5 per cent increase in the growth of productivity. The argument depends on a positive relationship between productivity and employment, and Rowthorn (1975a) examined this by regressing p directly on e rather than indirectly by regressing p or e on q as shown in (1) and (2). He concluded that the positive association depended entirely on the presence of one extreme observation, and that if Japan were excluded from the sample the association between p and e disappeared. The main purpose of this paper is to argue that both sets of results are subject to simultaneous equations bias and that mis-specification of estimated equations leads to incorrect estimates and wrong conclusions
Argument (complex analysis) · Econometrics · Economic shortage · Economics · Geometry · Growth rate · Labour economics · Macroeconomics · Mathematical analysis · Productivity · Variable (mathematics) · Economic theories and models · Economic Theory and Policy · Internal Medicine · Mathematics · Medicine · Philosophy
Progrès technique, croissance et emploi
Productivity, Factor Transfers and Economic Growth in the UK
What Still Remains of Kaldor's Laws
Manufacturing Productivity and Snowbelt-Sunbelt Shifts
Testing spatial interactions in Kaldor's growth laws
The spatial dynamics of japanese manufacturing productivity
Kaldor's Laws and Spatial Dependence
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,16 |
| Citation span | 1981 - 2020 (40) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |