Nicholas Kaldor's scientific contributions
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Publication (1)
A Theoretical model consists of certain hypotheses concerning the causal inter-relationship between various magnitudes or forces and the sequence in which they react on each other. We all agree that the basic requirement of any model is that it should be capable of explaining the characteristic features of the economic process as we find them in re...
Citations
... (13) IPI t = + 1 (DT) + 2 Log remittances2t + 3 Log ise3t + 4 Infections_Employed 4t + 5 Deceased_Employed 5t + it 3 The interpretation of the coefficient is understood as a semi-elasticity in points of the response variables consistent with a robust log-level OLS estimator: therefore, the fact that it follows positive and increasing paths indicates the correct performance of the country's productive activities. The constant improvement of this index will imply the long-term cumulative causation, including virtuous circles of accumulation capacities, coordination economies (due to the interaction of economies of scale), and market size (demand); specifically, the cumulative causation proposed by Kaldor (1961) is considered (see recent evidence of the aforementioned in Almosabbeh and Almoree (2018)). ...
