Further insights into 'Baumol's disease' in Japan

Jochen Hartwig

Economics Bulletin, 2019, vol. 39, issue 4, 2308-2316

Abstract: Nishi (2018) has broken new ground in analysing whether Japan suffers from ‘Baumol's disease'. More precisely, he focuses on just one of six symptoms which Nordhaus (2008) referred to as ‘Baumol's diseases', namely on the ‘growth disease'. Nishi finds that Japan is suffering from Baumol's growth disease, although its impact is not very strong. This note aims at adding further insights into Baumol's disease in Japan by applying Nordhaus's testing strategy to the other five symptoms. Of these, the ‘cost and price disease' is most salient in Japanese data.

Keywords: Structural change; productivity growth; ‘Baumol's disease'; Japan; EU KLEMS data (search for similar items in EconPapers)
JEL-codes: C2 O4 (search for similar items in EconPapers)
Date: 2019-10-13
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