Open access
Author
Date
2010-01Type
- Working Paper
ETH Bibliography
yes
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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. Show more
Permanent link
https://doi.org/10.3929/ethz-a-005975828Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT; SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION; Productivity growth; HYPOTHESIS TESTING (MULTIVARIATE STATISTICS); GROWTH MODELS (ECONOMICS); ECONOMIC GROWTH; WACHSTUMSMODELLE (WIRTSCHAFTSWISSENSCHAFTEN); WIRTSCHAFTSWACHSTUM; HYPOTHESENTESTS (MULTIVARIATE STATISTIK); Baumol's disease; SwitzerlandOrganisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
Altmetrics