Kaldor facts

Einfache Sprache

Initiale Fakten wurden von Kaldor 1957 beobachtet und postuliert. Generell haben sich die meisten gehalten. Aber z.B. das die Inflationsrate ist nicht konstant geblieben.

Def. Kaldor facts

1. Output per worker shows continuous growth, with no tendency to fall.
2. The capital/output ratio is nearly constant. (But what is capital?)
3. Capital per worker shows continuous growth (… follows from the other two).
4. The rate of return on capital is nearly constant (real interest rates are flat).
5. Labour and capital receive constant shares of total income.
6. The growth rate of output per worker differs substantially across countries (and over time, we can add, miracles and disasters).