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Author
Date
2005-11Type
- Working Paper
ETH Bibliography
yes
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Abstract
The paper draws on Baumol’s (1967) model of «unbalanced growth» to show that pressing economic problems of mature economies such as declining growth rates of real GDP, an increasing government share in GDP and the «cost explosion» in health care can readily be explained – yet they cannot be finally resolved. Swiss economic data are used to verify that the economic developments Baumol’s model predicts are indeed underway. Some policy as well as politico-economic conclusions are drawn from these insights. Show more
Permanent link
https://doi.org/10.3929/ethz-a-005104863Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
Declining GDP growth rates; Unbalanced growth; WIRTSCHAFTSMODELLE; Switzerland; Health care cost explosion; Rise in government share of GDP; SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION; SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT; ECONOMIC DEVELOPMENT; ECONOMIC GROWTH; WIRTSCHAFTSWACHSTUM; ECONOMIC MODELS; WIRTSCHAFTSENTWICKLUNGOrganisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
Altmetrics