Kaldor Endogenous Economic Development Laws: The Colombian Case
Revista de Economía Institucional, Vol. 10, No. 18, First Semester, 2008
19 Pages Posted: 25 Jul 2008
Date Written: July, 24 2008
This article exposes the conceptual and theoretical foundations of Kaldor's laws. The results of empirical exercises suggest that in the Colombian industry there are no increasing returns to scale when departmental information is used, at least for the period 1981-2004.
Keywords: Kaldor's laws, causation to circulate accumulative, increasing dynamics returns, economies of scale, Colombia
JEL Classification: D20, O11
Suggested Citation: Suggested Citation