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Revisiting Baumol’s Disease: Structural Change, Productivity Slowdown and Income Inequality

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  • Hartwig Jochen

    (1 Chemnitz University of Technology, Germany ; KOF Swiss Economic Institute, Zurich, Switzerland .)

  • Krämer Hagen M.

    (2 Karlsruhe University of Applied Sciences, Germany .)

Abstract

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Suggested Citation

  • Hartwig Jochen & Krämer Hagen M., 2023. "Revisiting Baumol’s Disease: Structural Change, Productivity Slowdown and Income Inequality," Intereconomics: Review of European Economic Policy, Sciendo, vol. 58(6), pages 320-325, December.
    • Handle: RePEc:vrs:intere:v:58:y:2023:i:6:p:320-325:n:9
    DOI: 10.2478/ie-2023-0066
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    References listed on IDEAS

    as
    1. Oulton, Nicholas, 2001. "Must the Growth Rate Decline? Baumol's Unbalanced Growth Revisited," Oxford Economic Papers, Oxford University Press, vol. 53(4), pages 605-627, October.
    2. Philip Flegler & Hagen Krämer, 2021. "The Productivity Paradox of Business-Related Services," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(03), pages 38-45, March.
    3. David M. Byrne & John G. Fernald & Marshall B. Reinsdorf, 2016. "Does the United States Have a Productivity Slowdown or a Measurement Problem?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 47(1 (Spring), pages 109-182.
    4. Jochen Hartwig, 2011. "Testing The Baumol–Nordhaus Model With Eu Klems Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57(3), pages 471-489, September.
    5. Nordhaus William D, 2008. "Baumol's Diseases: A Macroeconomic Perspective," The B.E. Journal of Macroeconomics, De Gruyter, vol. 8(1), pages 1-39, February.
    6. Torben M. Andersen, 2016. "Does The Public Sector Implode From Baumol'S Cost Disease?," Economic Inquiry, Western Economic Association International, vol. 54(2), pages 810-818, April.
    7. Notarangelo, Micaela, 1999. "Unbalanced growth: a case of structural dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 10(2), pages 209-223, June.
    8. Helland, Eric & Tabarrok, Alexander, 2019. "Why Are the Prices So Damn High? Health, Education, and the Baumol Effect," Annals of Computational Economics, George Mason University, Mercatus Center, May.
    9. Jochen Hartwig, 2008. "Productivity Growth In Service Industries: Are The Transatlantic Differences Measurement‐Driven?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(3), pages 494-505, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality

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