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Baumol's Diseases: The Case of Switzerland
Hartwig, Jochen - In: Swiss Journal of Economics and Statistics 146 (2010) 3, pp. 533-552
suggest that – unlike the U.S. – Switzerland is not affected by the most serious of the "diseases", namely the negative impact …
Persistent link: https://www.econbiz.de/10011933243
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The energy paradox of sectoral change and the future prospects of the service economy
Gross, Christian; Witt, Ulrich - 2012
Persistently rising energy prices have revived interest in the economic impact of changing energy costs. We explore the effects of these costs on sectoral change, particularly in relation to the rise and future prospects of the service economy. Following Baumol's cost disease hypothesis,...
Persistent link: https://www.econbiz.de/10010327363
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Baumol's diseases: The case of Switzerland
Hartwig, Jochen - 2010
suggest that - unlike the U.S. - Switzerland is not affected by the most serious of the diseases, namely the negative impact …
Persistent link: https://www.econbiz.de/10010277747
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Structural Change and Productivity Growth in Europe - Past, Present and Future
Duernecker, Georg; Sanchez-Martinez, Miguel - 2021
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact that structural change may have on future productivity...
Persistent link: https://www.econbiz.de/10012658029
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Structural change and productivity growth in the European Union: Past, present and future
Duernecker, Georg; Sanchez-Martinez, Miguel - 2021
The aim of this paper is to investigate the interplay between structural change, interpreted as the secular process of sectoral transformation, and labour productivity growth in the EU in several new dimensions. First, based on the latest data, we document the size of the negative effect that...
Persistent link: https://www.econbiz.de/10012802797
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Productivity growth in service industries: Has Baumol's Disease really been cured?
Hartwig, Jochen - 2006
Since the mid-nineties, U.S. labor productivity outgrows its European counterpart by a wide margin. Several recent studies have found that this result is brought about by relatively few service industries, where productivity growth has accelerated in the U.S., but not so in Europe. Based on this...
Persistent link: https://www.econbiz.de/10010285878
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R&D Decisions and Productivity Growth: Evidence from Switzerland and the Netherlands
Dobbelaere, Sabien; König, Michael D.; Spescha, Andrin; … - 2024
The fraction of R&D active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper …-productivity firms in Switzerland. Innovation support sustains firms' R&D activities in both countries. Our structural growth model … identifies the impact of innovation, imitation and R&D costs on firms' R&D decisions. R&D costs gained importance in Switzerland …
Persistent link: https://www.econbiz.de/10014567545
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Key factors behind productivity trends in EU countries
2021
The aim of this report is to foster a better understanding of past trends in, and drivers of, productivity growth in the countries of the European Union (EU) and of the interplay between productivity and monetary policy. To this end, a group of experts from 15 national central banks and the...
Persistent link: https://www.econbiz.de/10012661650
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R&D decisions and productivity growth: Evidence from Switzerland and the Netherlands
Dobbelaere, Sabien; König, Michael D.; Spescha, Andrin; … - 2023
The fraction of R&D active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper …-productivity firms in Switzerland. Innovation support sustains firms' R&D activities in both countries. Our structural growth model … identifies the impact of innovation, imitation and R&D costs on firms' R&D decisions. R&D costs gained importance in Switzerland …
Persistent link: https://www.econbiz.de/10014469854
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The Growth Disease at 50 – Baumol after Oulton
Hartwig, Jochen; Krämer, Hagen - 2017
The year 2017 marks the 50th anniversary of William J. Baumol’s seminal model of ‘unbalanced growth’, which predicts the so-called ‘Growth Disease’, i.e., the tendency of aggregate productivity growth to slow down in the process of tertiarisation. In an important contribution published...
Persistent link: https://www.econbiz.de/10011739645