Hartwig, Jochen; Krämer, Hagen - In: Intereconomics : review of European economic policy 58 (2023) 6, pp. 320-325
The growing importance of services has led to significant structural change in advancedeconomies, with the service sector now accounting for the largest share of employment indeveloped countries. In his seminal model of the so-called cost disease of services, WilliamBaumol noted that the prices...
