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dc.contributor.author
Hartwig, Jochen
dc.date.accessioned
2017-12-07T12:23:56Z
dc.date.available
2017-06-12T17:18:42Z
dc.date.available
2017-12-07T12:23:56Z
dc.date.issued
2006-11
dc.identifier.uri
http://hdl.handle.net/20.500.11850/124131
dc.identifier.doi
10.3929/ethz-a-005277187
dc.description.abstract
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 finding, TRIPLETT/BOSWORTH (2003) have asserted that ‘Baumol’s Disease’, according to which imbalances in productivity growth between a ‘progressive’ (manufacturing) and a ‘nonprogressive’ (service) sector of the economy lead to constant expenditure shifts into the latter, ‘has been cured’ – at least in the U.S. The present paper challenges this statement, showing that there is only one genuine service industry with a lasting increase in productivity, namely wholesale and retail trade. Labor productivity in the U.S. retail industry has grown fast due to a recent proliferation of Wal-Mart-type ‘big box’ stores that would be practically impossible in Europe because of stricter zoning plans. Since this ‘Wal-Mart effect’ is likely to taper off sooner or later, it is more accurate to say that ‘Baumol’s Disease’ has been protracted than to say that it has been cured.
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
DIENSTLEISTUNGSUNTERNEHMEN
en_US
dc.subject
Statistical artifacts
en_US
dc.subject
COMPANY GROWTH + COMPANY EXPANSION (BUSINESS POLICY)
en_US
dc.subject
DIENSTLEISTUNGEN (WIRTSCHAFT)
en_US
dc.subject
PRODUKTIVITÄT (BETRIEBSWIRTSCHAFT)
en_US
dc.subject
PRODUCTIVITY (BUSINESS ECONOMICS)
en_US
dc.subject
Services sector
en_US
dc.subject
Baumol's Disease
en_US
dc.subject
Productivity
en_US
dc.subject
SERVICES (ECONOMY)
en_US
dc.subject
SERVICE COMPANIES
en_US
dc.subject
UNTERNEHMENSWACHSTUM + UNTERNEHMENSEXPANSION (UNTERNEHMENSPOLITIK)
en_US
dc.title
Productivity Growth in Service Industries – Has «Baumol's Disease» Really Been Cured?
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.title.subtitle
has 'Baumol's disease' really been cured?
en_US
ethz.journal.title
KOF Working Papers
ethz.journal.volume
155
en_US
ethz.size
22 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.identifier.nebis
005277187
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.relation.isSourceOf
10.3929/ethz-b-000125204
ethz.date.deposited
2017-06-12T17:19:43Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366aa36f94b64209
ethz.identifier.importid
imp593654f7b891e96890
ethz.ecolpid
eth:29079
ethz.ecitpid
pub:186574
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-13T10:24:51Z
ethz.rosetta.lastUpdated
2018-11-06T05:14:23Z
ethz.rosetta.versionExported
true
ethz.COinS
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