Jump to ContentJump to Main Navigation
Show Summary Details
More options …

The B.E. Journal of Macroeconomics

Editor-in-Chief: Cavalcanti, Tiago / Kambourov, Gueorgui

Ed. by Abraham, Arpad / Carceles-Poveda , Eva / Debortoli, Davide / Schwartzman, Felipe / Wang, Pengfei

IMPACT FACTOR 2018: 0.674

CiteScore 2018: 0.70

SCImago Journal Rank (SJR) 2018: 0.605
Source Normalized Impact per Paper (SNIP) 2018: 0.694

See all formats and pricing
More options …

Baumol's Diseases: A Macroeconomic Perspective

William D Nordhaus
Published Online: 2008-02-27 | DOI: https://doi.org/10.2202/1935-1690.1382

William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of different sectors and on the overall economy. They argued that technologically stagnant sectors experience above average cost and price increases, take a rising share of national output, and slow aggregate productivity growth. Using industry data for the period 1948-2001, the present study investigates Baumol's diseases for the overall economy. It finds that technologically stagnant sectors clearly have rising relative prices and declining relative real outputs. Additionally, technologically progressive sectors tend to have slower hours and employment growth outside of manufacturing. Finally, sectoral shifts have tended to lower overall productivity growth as the share of stagnant sectors has risen over the second half of the twentieth century.

Keywords: productivity; Baumol disease; inflation

About the article

Published Online: 2008-02-27

Citation Information: The B.E. Journal of Macroeconomics, Volume 8, Issue 1, ISSN (Online) 1935-1690, DOI: https://doi.org/10.2202/1935-1690.1382.

Export Citation

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

Citing Articles

Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.

Steven Bond‐Smith
Journal of Economic Surveys, 2019, Volume 33, Number 5, Page 1359
Fei Jia, Xiuying Ma, Xiangyun Xu, and Lijuan Xie
Structural Change and Economic Dynamics, 2019
Markus Haacker, Timothy B Hallett, and Rifat Atun
Health Policy and Planning, 2019
Jochen Hartwig
Swiss Journal of Economics and Statistics, 2010, Volume 146, Number 3, Page 533
Aurora A.C. Teixeira and Anabela S.S. Queirós
Research Policy, 2016, Volume 45, Number 8, Page 1636
Muhamed Zulkhibri, Ismaeel Naiya, and Reza Ghazal
International Journal of Development Issues, 2015, Volume 14, Number 2, Page 98
Dale W. Jorgenson and Marcel P. Timmer
Scandinavian Journal of Economics, 2011, Volume 113, Number 1, Page 1
Muhammad Jami Husain
Economics: The Open-Access, Open-Assessment E-Journal, 2010, Volume 4, Number 2010-14, Page 1
Edward N. Wolff, William Baumol, and Anne Noyes Saini
SSRN Electronic Journal, 2013
Andreja Benkovic and Juan-Felipe Mejia
SSRN Electronic Journal, 2008
Jochen Hartwig
SSRN Electronic Journal, 2010
Alexander Galetovic, Stephen Haber, and Ross Levine
SSRN Electronic Journal, 2015
Jochen Hartwig and Hagen Krämer
Structural Change and Economic Dynamics, 2019
N. A. Burakov and O. A. Slavinskaya
Finance: Theory and Practice, 2018, Volume 22, Number 6, Page 25
Javier Morales Sarriera and Frederick P. Salvucci
Transportation Research Record: Journal of the Transportation Research Board, 2016, Volume 2541, Number 1, Page 1
Alessandro Sarra, Claudio Di Berardino, and Davide Quaglione
Economia Politica, 2018
Akinwande Atanda, Andrea Kutinova Menclova, and W. Robert Reed
Health Economics, 2018
Javier Morales Sarriera, Frederick P. Salvucci, and Jinhua Zhao
Transport Policy, 2018, Volume 61, Page 10
Luis Antonio Palma Martos and Luis Fernando Aguado Quintero
Economia e Sociedade, 2011, Volume 20, Number 1, Page 195
Saleh Ghavidel and Asal Narenji Sheshkalany
The Service Industries Journal, 2017, Volume 37, Number 3-4, Page 206
Torben M. Andersen and Claus T. Kreiner
Economica, 2017, Volume 84, Number 335, Page 417
Manabu Nose
International Tax and Public Finance, 2017, Volume 24, Number 3, Page 512
Hiroshi Nishi
Evolutionary and Institutional Economics Review, 2016, Volume 13, Number 1, Page 183
Torben M. Andersen
Economic Inquiry, 2016, Volume 54, Number 2, Page 810
Simone Marsiglio, Alberto Ansuategi, and Maria Carmen Gallastegui
Environmental and Resource Economics, 2016, Volume 63, Number 2, Page 265
Jochen Hartwig
Structural Change and Economic Dynamics, 2015, Volume 34, Page 36
Trond-Arne Borgersen and Roswitha M. King
Structural Change and Economic Dynamics, 2015, Volume 33, Page 96
Wankeun Oh and Kyungsoo Kim
Emerging Markets Finance and Trade, 2015, Volume 51, Number sup1, Page S214
Laurie J. Bates and Rexford E. Santerre
Social Science Quarterly, 2015, Volume 96, Number 1, Page 251
Laurie J. Bates and Rexford E. Santerre
Journal of Health Economics, 2013, Volume 32, Number 2, Page 386
Robert Inklaar and Marcel P. Timmer
Review of Income and Wealth, 2013, Page n/a
Hiroaki Sasaki
Structural Change and Economic Dynamics, 2012, Volume 23, Number 1, Page 25
Review of Income and Wealth, 2011, Volume 57, Number 3, Page 471

Comments (0)

Please log in or register to comment.
Log in