Economics · Kaldor Growth Model
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: As part of his 'Stylised Facts' (1961), Kaldor identified empirical consistencies such as a constant capital-output ratio and continuous per capita growth as benchmarks for economic growth. Reason R: In Kaldor's framework, the technical progress driving economic growth is fundamentally disembodied, meaning it uniformly improves productivity without requiring new capital investment. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is not correct but R is correct
- 2A is correct but R is not correct✓
- 3Both A and R are correct but R is NOT the correct explanation of A
- 4Both A and R are correct and R is the correct explanation of A
Correct answer
A is correct but R is not correct
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