MANUFACTURING AND ECONOMIC-GROWTH IN THE UNITED-STATES

Kaldor's growth laws are applied to the post-World War II United States. Each variable employed in the time-series analysis is smoothed with a moving average. This procedure successfully mitigates the effects of short-term cyclical changes and emphasizes long-term economic growth. The empirical tests employing time-series, measuring long-term growth, indicate that Kaldor's laws are compatible with the economic growth of United States.