As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … global crisis is originated from the U.S. and followed another intensive wave of globalization, has led to an unprecedented … that the current crisis would deepen and last a couple of years, similar to the Great Depression. The aim of this paper is …

This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …