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Kaldorian Approach to Greek Economic Growth

Listed author(s):
  • Drakopoulos, Stavros
  • Theodossiou, Ioannis

In the last 30 years, Greece has experienced a rapid rate of economic growth which has transformed the economy and enabled it to become a member of the EEC. Specifically, Greece transformed itself from an agricultural economy with virtually no industrial base to an economy with a significant industrial sector and consequently a relatively high income per capita. One can explain this on the lines of a Kaldorian framework. In this paper we provide an outline of Kaldor's growth model and test its relevance to the economic experience of Greece during the 1967-1988 period. The empirical results suggest that the model can adequately explain the developments in the economy to a considerable degree

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File URL: https://mpra.ub.uni-muenchen.de/48989/1/MPRA_paper_48989.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 48989.

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Date of creation: Jan 1991
Publication status: Published in Applied Economics 10.23(1991): pp. 1683-1689
Handle: RePEc:pra:mprapa:48989
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  1. Anonymous, 1967. "Dairy Market Statistics, 1966," Statistical Bulletin 153833, United States Department of Agriculture, Economic Research Service.
  2. M. Chatterji & Michael R. Wickens, 1983. "Verdoorn's Law and Kaldor's Law: A Revisionist Interpretation?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(3), pages 397-413, April.
  3. Anonymous, 1967. "Poultry Market Statistics, 1966," Statistical Bulletin 153834, United States Department of Agriculture, Economic Research Service.
  4. John S. L. McCombie & John R. De Ridder, 1983. "Increasing Returns, Productivity, and Output Growth: The Case of the United States," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(3), pages 373-387, April.
  5. Charles P. Blitch, 1983. "Allyn Young on Increasing Returns," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(3), pages 359-372, April.
  6. Anonymous, 1967. "Poultry Market Statistics, 1966," Statistical Bulletin 153835, United States Department of Agriculture, Economic Research Service.
  7. Verdoorn, P J, 1980. "Verdoorn's Law in Retrospect: A Comment," Economic Journal, Royal Economic Society, vol. 90(358), pages 382-385, June.
  8. Parikh, A, 1978. "Differences in Growth Rates and Kaldor's Laws," Economica, London School of Economics and Political Science, vol. 45(177), pages 83-91, February.
  9. A. P. Thirlwall, 1983. "A Plain Man's Guide to Kaldor's Growth Laws," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(3), pages 345-358, April.
  10. Anonymous, 1967. "Feed Statistics Through 1966," Statistical Bulletin 153876, United States Department of Agriculture, Economic Research Service.
  11. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
  12. Kaldor, Nicholas, 1975. "Economic Growth and the Verdoorn Law-A Comment on Mr. Rowthorn's Article," Economic Journal, Royal Economic Society, vol. 85(340), pages 891-896, December.
  13. Rowthorn, R E, 1975. "What Remains of Kaldor's Law?," Economic Journal, Royal Economic Society, vol. 85(337), pages 10-19, March.
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