Celebi, Kaan; Härtwig, Jochen; Sandqvist, Anna Pauliina - 2024 - This version: February 2024
Baumol's (1967) model of 'unbalanced growth' yields a supply-side explanation for the 'cost explosion' in health care …. Applying a testing strategy suggested by Hartwig (2008), a sprawling literature affirms that the 'Baumol effect' has both a … proliferation of hi-tech medicine in acute care is clearly at odds with the assumption underlying Baumol's model that productivity …