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Market Structure, Nonconvexities, and Equilibrium Bias of Technology

Burlon, Lorenzo - 2011

As a consequence of a technological change, the productivity of a factor may increase even when its supply increases. In this paper we analyze the determinants of this technological bias. We present a general equilibrium model, where a good is produced in the final sector using both a factor and...

Persistent link: https://www.econbiz.de/10014175339

Creative Inputs as the Cause of Baumol's Cost Disease : The Example of Media Services

Preston, Paschal; Sparviero, Sergio - 2012

This article explains that the most important aspect of W. J. Baumol's idea of cost disease is the fundamental intuition that there are some types of labor's contributions that are irreplaceable by new technologies. These contributions are indentified as “creative inputs”: original ideas,...

Persistent link: https://www.econbiz.de/10014199387

Must the Growth Rate Decline? Baumol's Unbalanced Growth Revisited

Oulton, Nicholas - 2000

According to Baumol's model of unbalanced growth, if resources are shifting towards industries where productivity is growing relatively slowly, the aggregate productivity growth rate will slow down. This conclusion is often applied to the advanced industrial economies, where resources are indeed...

Persistent link: https://www.econbiz.de/10014156013

Unbalanced Growth and Women's Homework

Pugno, Maurizio - 2002

economies: (i) the rising share of service employment; (ii) the increase in the female employment rate; (iii) the deceleration … of this increase while approaching the male employment rate; (iv) the rising share of female employment within the …, a policy to increase the overall employment rate by subsidizing market services appears to be effective, and can be …

Persistent link: https://www.econbiz.de/10014123627

Unbalanced Growth

Krishna, Kala; Perez, Cesar A. - 2005

We study a model designed to understand the concept of unbalanced growth. We define leading sectors to be those that raise the profits from industrialization for other sectors the most. We identify the leading sectors and show that subsidizing them in sequence will raise welfare if the future is...

Persistent link: https://www.econbiz.de/10014063208