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 …This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience …

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 …This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience …

In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … impacts on growth in Turkey in the analyzed period. However, inflation uncertainty has much more negative effect on growth in … comparison with inflation. In other words, while 1% increase in inflation rate decrease growth 0.56%, an 1% increase in inflation …

This paper attempts to test Wagnerian and Keynesian hypotheses by examining the relationship between economic growth … expenditure) from economic growth to disaggregated public expenditure that total current, investment, transfer expenditures, non … casual relationship between economic growth and total public expenditures, they do support the existence of long run …

. With its hectic pace of growth, Gaziantep has become a model for developing cities. Gaziantep had experienced the stage of …