The goal of this paper is to conduct a meta-regression analysis (MRA hereafter) regarding the effects of the Kaldor-Verdoorn effect – the relation between output/demand and productivity. The Kaldor-Verdoorn effect has been subject to many econometric studies and while the overwhelming majority of them finds a positive overall effect, there is no consensus on its size – the results vary quite a bit, especially according to the chosen econometric specification.
This MRA estimates a ‘true value’ of …[Lire la suite]