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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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Nonlinear economic variables have been tested for many years with linear models, thus making them insufficient in providing an explanation for real life. As a result of the recently conducted studies, nonlinear time series analyses are observed to be more successful in forming especially the...
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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 …
Persistent link: https://www.econbiz.de/10010320573
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