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Title:Baumol's diseases: The case of Switzerland PDF Logo
Authors:Hartwig, Jochen
Issue Date:2010
Series/Report no.:KOF working papers // KOF Swiss Economic Institute, ETH Zurich 250
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.
Subjects:Baumol's disease, productivity growth, Switzerland
JEL:C12
C23
O41
O47
O52
Persistent Identifier of the first edition:doi:10.3929/ethz-a-005975828
Document Type:Working Paper
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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