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Original Articles

Kaldor's technical progress function: a comment

Pages 729-731 | Published online: 05 Oct 2010
 

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.

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