Alexiadis, Stilianos; Tsagdis, Dimitrios - In: Journal of Post Keynesian Economics 29 (2006) 1, pp. 149-170
Verdoorn's Law implies that the process of growth is a cumulative one with the "manufacturing advanced" economies growing at the expense of their "less-advanced" counterparts. This paper tests a range of conventional and spatial specifications of Verdoorn's Law across the Greek regions. The...