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dynamic increasing returns to scale. Kaldor's third law purports that overall growth is positively correlated to employment … growth in manufacturing output, and negatively correlated to employment in non-manufacturing sectors. The empirical results … in the economy to a certain degree. -- Kaldor's Law ; Industrial Output ; Employment ; Productivity ; Growth …
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On March, 2011 the signing of the Treaty of Assunción by Argentina, Brazil, Paraguay and Uruguay celebrated its 20th anniversary. Preferential trade agreements that create "joint economic spaces" might be seen as useful tools to promote economic development. This article discusses to what...
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