Sind unsere gesamtwirtschaftlichen Probleme ueberhaupt loesbar?

Jochen Hartwig

No 05-112, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: The paper draws on Baumol's (1967) model of "unbalanced growth" to show that pressing economic problems of mature economies such as declining growth rates of real GDP, an increasing government share in GDP and the "cost explosion" in health care can readily be explained - yet they cannot be finally resolved. Swiss economic data are used to verify that the economic developments Baumol's model predicts are indeed underway. Some policy as well as politico-economic conclusions are drawn from these insights.

Keywords: Unbalanced growth; Rise in government share of GDP; Health care cost explosion; Declining GDP growth rates; Switzerland (search for similar items in EconPapers)
Pages: 27 pages
Date: 2005-11
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:05-112

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