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A Reappraisal of Verdoorn’s Law for the Italian Economy, 1951–1997

In: Productivity Growth and Economic Performance

Author

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  • Carluccio Bianchi

Abstract

Verdoorn’s Law postulates the existence of a significant positive relationship between the growth rate of labour productivity and that of output, at least in manufacturing. The relationship is generally interpreted to be of a technological nature, reflecting the existence of both static and (mainly) dynamic economies of scale and thus the presence of increasing returns to scale.

Suggested Citation

  • Carluccio Bianchi, 2002. "A Reappraisal of Verdoorn’s Law for the Italian Economy, 1951–1997," Palgrave Macmillan Books, in: John McCombie & Maurizio Pugno & Bruno Soro (ed.), Productivity Growth and Economic Performance, chapter 5, pages 115-135, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50423-3_5
    DOI: 10.1057/9780230504233_5
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    Cited by:

    1. Borsato, Andrea & Lorentz, André, 2023. "The Kaldor–Verdoorn law at the age of robots and AI," Research Policy, Elsevier, vol. 52(10).

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