Are the Kaldor–Verdoorn Laws Applicable in the Newly Industrializing Countries?

Vaishali Mamgain

Review of Development Economics, 1999, vol. 3, issue 3, 295-309

Abstract: The Kaldor–Verdoorn “laws,” the focus of this work, are a set of stylized facts which attempt to describe growth in an economy. This paper tests these stylized facts using macroeconomic data from newly industrializing countries. Results show that high rates of growth of manufacturing do not translate to high productivity rates in Singapore, Indonesia, Thailand, and Mauritius, but they do so in South Korea. A negative relation exists for Malaysia. This work questions the operation of Kaldor’s laws in the context of globalization and suggests a revision of the laws.

Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://doi.org/10.1111/1467-9361.00069

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:rdevec:v:3:y:1999:i:3:p:295-309

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1363-6669

Access Statistics for this article

Review of Development Economics is currently edited by E. Kwan Choi

More articles in Review of Development Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().