Abstract
The concept of ‘stylized facts’ is usually attributed to Nicholas Kaldor, who discussed this concept in a well-known 1958 Corfu conference paper (1961) on capital accumulation and economic growth. While the term ‘stylized facts’ is widely used today in many varied contexts, Kaldor had a specific use in mind.
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Kaldor, N. 1961. Capital accumulation and economic growth. In The theory of capital, ed. F. Lutz. London: Macmillan.
Romer, P. 1989. Capital accumulation in the theory of long-run growth. In Modern business cycle theory, ed. R. Barro. Cambridge, MA: Harvard University Press.
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Boland, L.A. (2018). Stylized Facts. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1811
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1811
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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