Institutional rigidities and economic growth
批判性讨论了尼古拉斯·卡尔多的经济增长理论及相关维尔多定律，并指出其他竞争理论的不足，提出了基于现代经济中制度角色与知识传递的替代理论，并用OECD跨国数据进行了计量验证。
This paper involves a critical discussion of Nicholas Kaldor's contribution to the theory of economic growth, and the associated Verdoorn Law. As well as Kaldor's theory, prominent rival theories, such as the diffusion hypothesis of S. Gomulka and the neo-Marxist model proposed by S. Bowles et al., are found wanting. An alternative approach is developed based on the nature and role of institutions in modern economies, and their function in encapsulating or transmitting both codifiable and noncodifiable knowledge. Confirmation of this "institutional" theory of economic growth is provided by an econometric test using cross-section OECD data. Copyright 1989 by Oxford University Press.