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relative Prices and Uneven Growth

Author

Listed:
  • Pitchford, J.D.

Abstract

Baumol has argued that the problem experienced by cities in providing metropolitan services might be the product of an uneven growth process. Slow growth sectors, he argues, could experience increased real costs and, unless demand for their services is highly inelastic, their outputs coudl decline severely. The present paper looks at these issues in a framework which allows explicity both for demand, for examination of the sources of productivity growth and for substitution between productive factors.

Suggested Citation

  • Pitchford, J.D., 1996. "relative Prices and Uneven Growth," Papers 299, Australian National University - Department of Economics.
    • Handle: RePEc:fth:aunaec:299
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    More about this item

    Keywords

    CITIES; PRODUCTIVITY; DEMAND; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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