Anmerkungen:
In: MACROECONOMICS AND THE HISTORY OF ECONOMIC THOUGHT: FESTSCHRIFT IN HONOUR OF HARALD HAGERMANN, H.M. Krämer, H.D. Kurz and H.-M. Trautwein, eds., Routledge, 2012
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 6, 2011 erstellt
Beschreibung:
In his 1966 inaugural Cambridge lecture, N. Kaldor estimated a linear positive relationship from regressing the rate of growth of labour productivity on the rate of growth of manufacturing output for several industrialized countries in the period from 1953-54 to 1963-64. The empirical result was dubbed “Verdoorn Law” by Kaldor, in reference to a pioneering estimation of that same relationship by the Dutch economist P. J. Verdoorn for a similar set of countries in the periods 1870-1914 and 1914-1930. Verdoorn’s results were originally published in 1949 in the Italian journal L’Industria. The Kaldor-Verdoorn Law has provided a foundation for the cumulative causation model of economic growth and its explanation of observed disparities in national or regional growth rates. Verdoorn's article was written when he and Kaldor were members of the Research and Planning Division of the United Nations Economic Commission for Europe (ECE). The Swedish economist Ingvar Svennilson, who was also a member of ECE at the time, had found a positive empirical relationship between the growth rates of output and productivity in his 1944 Swedish essay - written in celebration of Eli Heckscher’s 65th birthday - about the increasing returns to industrial labour in Sweden in the periods 1915-29 and 1929-39. The present paper is an attempt to discuss why Svennilson's 1944 essay remained relatively unknown, and compare the respective aims and approaches of Verdoorn and Svennilson