Kaldor's facts

Kaldor's facts

Kaldor's facts are six statements about economic growth, proposed by Nicholas Kaldor in his article of 1961.

The statements are:

#Output per workers grows at a rate that does not diminish over time.
#Capital per worker grows over time.
#The rate of return to capital is constant.
#The capital/output ratio is roughly constant.
#The share of capital and labour in net income are nearly constant.
#Growth rates differ across countries.

ee also

*technical progress function

References

*"Capital Accumulation and Economic Growth", 1961, in Lutz, editor, Theory of Capital
* Allen, R.G.D.: "Macro-Economic Theory" : A Mathematical Treatment. - London, Melbourne, Toronto: Macmillan, 1968.


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