Baumol's Diseases

Jochen Hartwig

No 10-250, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: Nordhaus (2008) has developed a testing strategy for what he calls 'Baumol's diseases', by which name he designates a number of by-products of structural change that are unwanted from an economic policy perspective. He finds that the U.S. economy is strongly affected by the 'diseases'. This paper applies Nordhaus's testing methodology to Swiss data. The results suggest that - unlike the U.S. - Switzerland is not affected by the most serious of the 'diseases', namely the negative impact of structural change on economic growth.

Keywords: Baumol's disease; Productivity growth; Switzerland (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010-01
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://dx.doi.org/10.3929/ethz-a-005975828 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:10-250

Access Statistics for this paper

More papers in KOF Working papers from KOF Swiss Economic Institute, ETH Zurich Contact information at EDIRC.
Bibliographic data for series maintained by ().