Omkring Blogs: The Welfare State
Fremhævet Blog
Baumol's law and the welfare state
Baumol’s law says that a two-sector economy with a permanent difference in productivity growth has no steady state.2 That is, a Baumol-problem will always emerge. [...] The analysis in the paper deals… more →
Econstudentlog
Baumol's law and the welfare state
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wrote 8 months ago: Baumol’s law says that a two-sector economy with a permanent difference in productivity growth has n … more →
