Kaldor's technical progress function: a comment

Paul Hansen

Applied Economics Letters, 1996, vol. 3, issue 11, 729-731

Abstract: The shape of Kaldor's technical progress function is retested using time-series data for a selection of OECD countries. In contrast to Bairam's study, which is criticized for its restrictions on several of the key variables, it appears that the function can be specified as a linear equation. This is in contradiction to Kaldor's original hypothesis that the function is concave and supports his subsequent simplifying assumption of linearity.

Date: 1996
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DOI: 10.1080/135048596355763

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