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Kaldor's technical progress function: a comment

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  • Paul Hansen

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.

Suggested Citation

  • Paul Hansen, 1996. "Kaldor's technical progress function: a comment," Applied Economics Letters, Taylor & Francis Journals, vol. 3(11), pages 729-731.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:11:p:729-731
    DOI: 10.1080/135048596355763
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    References listed on IDEAS

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    1. Erkin Bairam, 1995. "Kaldor's technical progress function revisited," Applied Economics Letters, Taylor & Francis Journals, vol. 2(9), pages 302-304.
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    Cited by:

    1. Ekkehart Schlicht, 2016. "Directed Technical Change and Capital Deepening: A Reconsideration of Kaldor's Technical Progress Function," Metroeconomica, Wiley Blackwell, vol. 67(1), pages 119-151, February.

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    1. Ekkehart Schlicht, 2016. "Directed Technical Change and Capital Deepening: A Reconsideration of Kaldor's Technical Progress Function," Metroeconomica, Wiley Blackwell, vol. 67(1), pages 119-151, February.

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