Productivity Growth and Economic Performance

This collection of essays on Verdoorn's Law--the relationship between the growth of industrial productivity and output--presents a number of comprehensive surveys and assessments of the vast literature available. The collection not only includes an English translation of Verdoorn's seminal article originally published in Italian, but also new empirical evidence for the Verdoorn Law and new developments in the theoretical modeling of cumulative causation.

John McCombie is Fellow and Director of Studies in Economics, Downing College, University of Cambridge.

Maurizio Pugno is in the Department of Economics, Trento University, Italy.

Bruno Soro is in the Department of Economics, University of Genoa, Italy.

List of Tables

vi

Notes on the Contributors

vii

Foreword

ix

A.P. Thirlwall

Introduction

1

(27)

John McCombie

Maurizio Pugno

Bruno Soro

Factors that Determine the Growth of Labour Productivity

28

(9)

P.J. Verdoorn

A.P. Thirlwall

`Fattori che regolano lo sviluppo della produttivita del lavoro' Fifty Years On

37

(27)

Bruno Soro

Increasing Returns and the Verdoorn Law from a Kaldorian Perspective

64

(51)

John McCombie

A Reappraisal of Verdoorn's Law for the Italian Economy, 1951--97

115

(21)

Carluccio Bianchi

The Verdoorn Law: Some Evidence from Non-Parametric Frontier Analysis

136

(29)

Sergio Destefanis

Cumulative Causation and Unemployment

165

(32)

Mark Roberts

Cumulative Growth and the Catching-Up Debate from a Disequilibrium Standpoint

197

(22)

Miguel A Leon-Ledesma

Verdoorn's Law: Some Notes on Output Measurement and the Role of Demand

219

(20)

Giorgio Rampa

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

239

(20)

Maurizio Pugno

Bibliography

259

(16)

Index

275

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Productivity Growth and Economic Performance Essays on Verdoorn's Law

Summary

Author Biography

Table of Contents

Supplemental Materials