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PONS-NOVELL J. and VILADECANS-MARSAL E. (1999) Kaldor's laws and spatial dependence: evidence for the European regions, Reg. Studies 33, 443-451. In this paper we provide an outline of Kaldor's growth model and test its relevance to the economic experience of European regions during the period...
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In this paper we provide an outline of Kaldor's growth model and tests its relevance to the economic experience of European regions during the 1984-1992 period. The Kaldor's first law asserts that manufacturing is the engine of economic growth. The second proposition, also known as Verdoorn's...
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