American Economic Association Macroeconomics of Unbalanced Growth : The Anatomy of Urban Crisis

By William J. Baumol. 2007

1,701 citations recorded by the source corpus.

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Citations in the corpus

Cities and National Economic Growth: A Reappraisal (2005, unknown): “Rooted in what is sometimes called the two-sector model of economic growth (for one of the earliest interpretations, see Baumol, 1967), the argument can be summarised thus: as labour productivity rises (a necessary concomitant of rising incomes), including in agriculture, labour will be pushed out…”
The crisis sensitivity of European countries and regions: stylized facts and spatial heterogeneity (2011, background): “Sectoral composition is the result of a complex interplay between demand and supply factors, comparative advantages and associated specialization patterns, labour market institutions and path dependencies (see, for example, Baumol, 1967, Rowthorn and Ramaswamy, 1997, and De Groot, 2000).”
Automation and jobs: when technology boosts employment* (2019, unknown): “…either as the result of 1) different rates of productivity growth, or, 2) from different effects of income growth on demand, but not both.5 Baumol (1967) showed that the greater rate of technical change in manufacturing industries relative to services leads to a declining share of…”
Why Can Modern Governments Tax so Much? An Agency Model of Firms as Fiscal Intermediaries (2016, unknown): “Second, Baumol’s cost disease theory focuses on the supply side and posits that, over the course of development, productivity in the private sector increases while productivity in the public sector stagnates, leading to a growth of government spending relative to GDP (Baumol and Bowen, 1966; Baumol,”
Market Services Productivity Across Europe and the US (2007, unknown): “In essence, Baumol’s cost disease states that productivity improvements in services are less likely than in the goods-producing industries because many services are inherently labor-intensive, which makes it difficult to substitute labor for capital (Baumol, 1967).”
Health Care Expenditure and Income in the OECD Reconsidered: Evidence from Panel Data (2010, unknown): “The IPS statistic has an alternative described in (7) where some fraction of the countries are stationary while others are not.”
Two views on institutions and development: The grand transition vs. the primacy of institutions (2008, unknown): “Several findings of this research program have become textbook economics, such as the demographic transition, the transition of the sectoral structure of the economy, and the cost disease of services (see Kuznets (1968) and Baumol (1967), respectively).”