Chapter

Why Growth Rates (and Factor Shares) Differ, II

Maurice FitzGerald Scott

in A New View of Economic Growth

Published in print June 1991 | ISBN: 9780198287421
Published online November 2003 | e-ISBN: 9780191596872 | DOI: http://dx.doi.org/10.1093/0198287429.003.0011

Series: Clarendon Paperbacks

 Why Growth Rates (and Factor Shares) Differ, II

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The linear equation of Ch. 10 is an approximation, a curvilinear relationship being theoretically preferable. The latter implies that the share of wages in total income falls the faster is the rate of growth of employment, cet. par. Some support for this is provided by the data used in Ch. 10, but there are evidently other important influences on the share of wages, which are discussed.

Keywords: curvilinear relation; rate of growth of employment; share of wages

Chapter.  12228 words.  Illustrated.

Subjects: Economic Development and Growth

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