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 …

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 …