IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-50423-3_10.html
   My bibliography  Save this book chapter

Verdoorn’s Law and the Analysis of Steady-State Growth: from an Unsatisfactory Marriage to a New Perspective

In: Productivity Growth and Economic Performance

Author

Listed:
  • Maurizio Pugno

Abstract

This chapter tells a story which has an apparently unfortunate ending. The story concerns a basic, although rather neglected, aspect of Verdoorn’s Law — namely its compatibility with steady-state growth. The story appears to be unfortunate, since the attempts to marry Verdoorn’s Law to the analysis of steady-state growth produce inconsistencies and weaknesses. This fact seems to prevent Verdoorn’s Law from playing a satisfactory role in any long-run analysis. However, as this chapter will briefly show, Verdoorn’s Law can still have a useful role in long-run analysis if its role in economic development is explained and made endogenous.

Suggested Citation

  • Maurizio Pugno, 2002. "Verdoorn’s Law and the Analysis of Steady-State Growth: from an Unsatisfactory Marriage to a New Perspective," Palgrave Macmillan Books, in: John McCombie & Maurizio Pugno & Bruno Soro (ed.), Productivity Growth and Economic Performance, chapter 10, pages 239-258, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50423-3_10
    DOI: 10.1057/9780230504233_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ferdinando Ofria, 2009. "L'approccio Kaldor-Verdoorn: una verifica empirica per il Centro-Nord e il Mezzogiorno d'Italia (anni 1951-2006)," Rivista di Politica Economica, SIPI Spa, issue 1, pages 179-207, January-M.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-50423-3_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.