Kaldor's growth laws
Kaldor's growth laws are a series of three laws relating to the causation of economic growth. Looking at the countries of the world now and through time Nicholas Kaldor noted a high correlation between living standards and the share of resources devoted to industrial activity, at least up to some level of income. Only New Zealand, Australia and Canada have become rich whilst relying mainly on agriculture. He proposed three laws on these empirical regularities:
Kaldor's growth laws
Kaldor's growth laws are a series of three laws relating to the causation of economic growth. Looking at the countries of the world now and through time Nicholas Kaldor noted a high correlation between living standards and the share of resources devoted to industrial activity, at least up to some level of income. Only New Zealand, Australia and Canada have become rich whilst relying mainly on agriculture. He proposed three laws on these empirical regularities:
has abstract
Kaldor's growth laws are a ser ...... rprise, protection or subsidy.
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Wikipage page ID
16,659,679
Wikipage revision ID
732,183,891
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comment
Kaldor's growth laws are a ser ...... these empirical regularities:
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Kaldor's growth laws
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