Abstract

Kaldor's growth laws are applied to the post-World War II United States. Each variable employed in the time-series analysis is smoothed with a moving average. This procedure successfully mitigates the effects of short-term cyclical changes and emphasizes long-term economic growth, indicate that Kaldor's laws are compatible with the economic growth of United States.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.