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Kaldor's technical progress function revisited

Erkin Bairam

Applied Economics Letters, 1995, vol. 2, issue 9, 302-304

Abstract: Here, Kaldor's technical function is re-examined and a model that can be used to test the shape of the function is introduced and tested. The results obtained conclusively refute the hypothesis that suggests the technical progress function is linear and confirm Kaldor's original hypothesis that suggests it is “convex upwards”.

Date: 1995
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Citations: View citations in EconPapers (2)

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DOI: 10.1080/135048595357104

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