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Journal articles on the topic 'Baumol's Cost Disease'

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Published: 4 June 2021
Last updated: 18 February 2022

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1

Buxton, Bruce E. "Thoreau's Pencil and Baumol's Cost Disease." Journal of Education 185, no. 1 (January 2005): 47–50. http://dx.doi.org/10.1177/002205740518500104.

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2

Semat, Joshua, David Lowery, Suzanne Linn, and William D. Berry. "Baumol's cost disease and the withering of the state." Business and Politics 21, no. 1 (June 13, 2018): 53–85. http://dx.doi.org/10.1017/bap.2018.10.

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AbstractMost theories of government growth place nearly exclusive attention on real changes in public sector activity. Yet, much nominal post–WWII government spending growth was not in the form of the public sector doing more relative to the general economy (real growth), but in the form of government activities becoming relatively more expensive (cost growth). Baumol's (1967) “cost disease” model is our best guide to understanding cost growth, but over time, Baumol has offered conflicting hypotheses about how cost growth bears on real growth. Using 1947–2012 U.S. data, we test these hypotheses, along with a more novel expectation, by modifying Berry and Lowery's (1987b) econometric models of real growth in public purchases and transfers to consider the influence of government cost growth on real public domestic spending.
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3

Semat, Joshua, David Lowery, Suzanna Linn, and William D. Berry. "The cost growth of government revisited." Business and Politics 17, no. 4 (December 2015): 723–37. http://dx.doi.org/10.1515/bap-2015-0009.

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What accounts for the growing cost of government in the US? [Berry, William D., and David Lowery. 1984. “The Growing Cost of Government: A Test of Two Explanations.”Social Science Quarterly65 (3): 735–749] tested two explanations for why the costs of goods and services in the public sector have increased faster than these costs in the private sector in the US: “Baumol's Disease” [Baumol, William J. 1967. “Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis.”The American Economic Review57 (3): 415–426], which focuses on the need for government to match wage increases in the more productive private sector, and [Buchanan, James M., and Gordon Tullock. 1977. “The Expanding Public Sector: Wagner Squared.”Public Choice31 (1): 147–150] Bureau Voting explanation, which focuses on the voting power of government employees. Berry and Lowery (1984) tested these two explanations using data for the 1947–1979 period and found strong support for the former but little support for the latter. Decades later, a much longer time-series is now available for empirical analysis. Additionally, the character of both public- and private-sector production and the voting power of public employees have changed in ways that may influence the empirical veracity of the two explanations. For these reasons, we extend the original analysis through 2010 to assess whether Baumol's Disease and Bureau Voting continue to have relevance for understanding government cost growth. We find that Baumol's Disease continues to be the better explanation despite changes in both sectors, although public sector wages are now more closely tied to general private rather than manufacturing wages, suggesting that growing production costs may be serving as an increasingly relevant downward pressure on the scope of real government activity.
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4

Andersen, Torben M. "DOES THE PUBLIC SECTOR IMPLODE FROM BAUMOL'S COST DISEASE?" Economic Inquiry 54, no. 2 (November 27, 2015): 810–18. http://dx.doi.org/10.1111/ecin.12304.

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5

FREY, BRUNO S. "Has Baumol's Cost Disease disappeared in the performing arts?" Ricerche Economiche 50, no. 2 (June 1996): 173–82. http://dx.doi.org/10.1006/reco.1996.0011.

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6

Andersen, Torben M., and Claus T. Kreiner. "Baumol's Cost Disease and the Sustainability of the Welfare State." Economica 84, no. 335 (December 25, 2016): 417–29. http://dx.doi.org/10.1111/ecca.12221.

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7

van der Ploeg, Frederick. "Sustainable Social Spending and Stagnant Public Services: Baumol's Cost Disease Revisited." FinanzArchiv 63, no. 4 (2007): 519. http://dx.doi.org/10.1628/001522107x269005.

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8

Colombier, Carsten. "Drivers of Health-Care Expenditure: What Role Does Baumol's Cost Disease Play?" Social Science Quarterly 98, no. 5 (February 22, 2017): 1603–21. http://dx.doi.org/10.1111/ssqu.12384.

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9

Mithas, Sunil, Charles F. Hofacker, Anil Bilgihan, Tarik Dogru, Vanja Bogicevic, and Ajit Sharma. "Information technology and Baumol's cost disease in healthcare services: a research agenda." Journal of Service Management 31, no. 5 (June 16, 2020): 911–37. http://dx.doi.org/10.1108/josm-11-2019-0339.

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PurposeThis paper advances a research agenda for service researchers at the intersection of healthcare and information technologies to improve access to quality healthcare at affordable prices. The article reviews key trends to provide an agenda for research focusing on strategies, governance and management of key service processes.Design/methodology/approachThis paper synthesizes literature in information systems, service management, marketing and healthcare operations to suggest a research agenda. The authors draw on frameworks such as the interpretive model of technology, technology acceptance model, assemblage theories and Baumol's cost disease to develop their arguments.FindingsThe paper situates strategy-related service management questions that service providers and consumers face in the context of emerging healthcare and technology trends. It also derives implications for governance choices and questions related to that.Research limitations/implicationsThe paper discusses service management challenges and concludes with an agenda for future research that touches on governance and service management issues.Practical implicationsThis paper provides implications for healthcare service providers and policymakers to understand new trends in healthcare delivery, technologies and facilities management to meet evolving customer needs.Social implicationsThis paper provides implications for managing healthcare services that touch on many social and societal concerns.Originality/valueThis conceptual paper provides background and review of the work at the intersections of information systems, marketing and healthcare operations to draw implications for future research.
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10

Atanda, Akinwande, Andrea Kutinova Menclova, and W. Robert Reed. "Is health care infected by Baumol's cost disease? Test of a new model." Health Economics 27, no. 5 (February 9, 2018): 832–49. http://dx.doi.org/10.1002/hec.3641.

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11

Preston, Paschal, and Sergio Sparviero. "Creative Inputs as the Cause of Baumol's Cost Disease: The Example of Media Services." Journal of Media Economics 22, no. 4 (November 30, 2009): 239–52. http://dx.doi.org/10.1080/08997760903375910.

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12

Rossen, Bradley, and Akhter Faroque. "Diagnosing the Causes of Rising Health-Care Expenditure in Canada: Does Baumol's Cost Disease Loom Large?" American Journal of Health Economics 2, no. 2 (May 2016): 184–212. http://dx.doi.org/10.1162/ajhe_a_00041.

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13

Bates, Laurie J., and Rexford E. Santerre. "Does the U.S. health care sector suffer from Baumol's cost disease? Evidence from the 50 states." Journal of Health Economics 32, no. 2 (March 2013): 386–91. http://dx.doi.org/10.1016/j.jhealeco.2012.12.003.

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14

Bates, Laurie J., and Rexford E. Santerre. "Does Baumol's Cost Disease Account for Nonfederal Public-Sector Cost Growth in the United States? A New Test of an Old Idea*." Social Science Quarterly 96, no. 1 (October 7, 2014): 251–60. http://dx.doi.org/10.1111/ssqu.12128.

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15

Salam, Muhammad, Javed Iqbal, Anwar Hussain, and Hamid Iqbal. "The Determinants of Services Sector Growth: A Comparative Analysis of Selected Developed and Developing Economies." Pakistan Development Review 57, no. 1 (March 1, 2018): 27–44. http://dx.doi.org/10.30541/v57i1pp.27-44.

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This study empirically examines the possible factors that determine the services sector growth, both in selected developed and developing economies. For estimation purpose, the study employs the static as well as the dynamic panel data estimation technique with panel data over the period 1990-2014. The results suggest that GDP per capita, FDI net inflow, trade openness and innovations are the common factors that significantly affect the services sector growth both in developed and in developing economies. However, the productivity gap is the only factor that does not have any significant impact on services sector growth, both in developed and developing economies, which indicates that the Baumol's cost disease has been cured. Keywords: Services Sector Growth, Panel Data Analysis, Innovations
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16

Baqaee, David Rezza, and Emmanuel Farhi. "The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem." Econometrica 87, no. 4 (2019): 1155–203. http://dx.doi.org/10.3982/ecta15202.

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We provide a nonlinear characterization of the macroeconomic impact of microeconomic productivity shocks in terms of reduced‐form nonparametric elasticities for efficient economies. We also show how microeconomic parameters are mapped to these reduced‐form general equilibrium elasticities. In this sense, we extend the foundational theorem of Hulten (1978) beyond the first order to capture nonlinearities. Key features ignored by first‐order approximations that play a crucial role are: structural microeconomic elasticities of substitution, network linkages, structural microeconomic returns to scale, and the extent of factor reallocation. In a business‐cycle calibration with sectoral shocks, nonlinearities magnify negative shocks and attenuate positive shocks, resulting in an aggregate output distribution that is asymmetric (negative skewness), fat‐tailed (excess kurtosis), and has a negative mean, even when shocks are symmetric and thin‐tailed. Average output losses due to short‐run sectoral shocks are an order of magnitude larger than the welfare cost of business cycles calculated by Lucas (1987). Nonlinearities can also cause shocks to critical sectors to have disproportionate macroeconomic effects, almost tripling the estimated impact of the 1970s oil shocks on world aggregate output. Finally, in a long‐run growth context, nonlinearities, which underpin Baumol's cost disease via the increase over time in the sales shares of low‐growth bottleneck sectors, account for a 20 percentage point reduction in aggregate TFP growth over the period 1948–2014 in the United States.
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17

Tiongson, Erwin R. "Baumol’s Cost Disease Reconsidered." Challenge 40, no. 6 (November 1997): 117–22. http://dx.doi.org/10.1080/05775132.1997.11472007.

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18

Burakov, N. A., and O. A. Slavinskaya. "Theoretical Regulations and Institutional Features of Financing Arts." Finance: Theory and Practice 22, no. 6 (December 26, 2018): 25–38. http://dx.doi.org/10.26794/2587-5671-2018-22-6-25-38.

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The authors have analyzed organizations of the performing arts sector, one of the classic key benefits in the economy. The empirical research has been based on the economic pattern of “cost disease”. A unique statistical database has been compiled on the basis of the information database of the Federal State Statistics Service and the Ministry of culture of the Russian Federation. The research presents the Baumol’s indices calculations updated in 2001–2015. There have been confirmed such symptoms of Baumol’s cost disease as: labor productivity in cultural organizations lagging behind the average regional rate, super-inflationary growth for ticket prices in theaters, and catch-up wage growth in the theater in relation to the average wage level in the region. The author’s approach to the analysis of the Baumol’s cost disease is a modification of the overall Baumol index as a replacement for the income deficit indicator for the share of expenses covered by budget funds. New results have been obtained for estimating the income deficit and the share of expenditures covered by public funding by using the panel data model and quantile regression. The practical value of this research is the systematization of budgetary and extra-budgetary support for cultural organizations. New institutions of financial support such as the institute of participatory budgeting and the institution of individual budget allocations have been suggested to create favorable environment for the development of cultural organizations
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19

Sidorkin, Alexander M. "Baumol’s Cost Disease and the Trinitarian Pedagogy." Studies in Philosophy and Education 38, no. 6 (February 7, 2019): 591–600. http://dx.doi.org/10.1007/s11217-019-09648-1.

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20

Vuorensyrjä, Matti. "Work and Labor in Slow-Progressive Sectors of the Economy." Nordic Journal of Working Life Studies 3, no. 1 (January 1, 2013): 95. http://dx.doi.org/10.19154/njwls.v3i1.2522.

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In the late 1960s, William Baumol demonstrated that structurally unbalanced growth, with the associated cost disease phenomenon, can be expected to have some very particular effects on work and labor in slow-progressive sectors of the economy: performing arts, health care, education, and law enforcement. Specifically, there will be downward pressure on the rate of growth of unit wages and upward pressure on the rate of growth of productivity in these sectors. In the long run, the effects of cost disease are potentially damaging for work and labor in some of the key human service occupations in the public sector. In this interdisciplinary paper, we put forward a simple model, which reconstructs and renews the model discovered by Baumol in 1967. Our model makes only a minor modification to Baumol’s original cost disease model, but the implications of this modification are noteworthy. They are also largely unexplored in empirical research. In this paper, we search for empirical traces of the effects of cost disease on work and labor. We use earlier economic and social scientific research literature on inter-industry wage differences and on time pressure, and we analyze differences in work orientations with the help of the ISSP Work Orientations III data set. Our empirical findings are early and rough intimations. However, they do give preliminary support to the propositions of the paper. The observed changes in employment, wages, and experienced time pressure all correspond to what we would expect on the basis of the cost disease hypothesis. The same applies to the observed differences in the structure of incentives across different occupational groups. The paper is not empirically conclusive, but we see it as a basis for interesting further research.
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21

Morales Sarriera, Javier, and Frederick P. Salvucci. "Rising Costs of Transit and Baumol’s Cost Disease." Transportation Research Record: Journal of the Transportation Research Board 2541, no. 1 (January 2016): 1–9. http://dx.doi.org/10.3141/2541-01.

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22

Price, Juan José, and Andrés Gómez-Lobo. "Baumol’s cost disease and urban transport services in Latin America." Transportation Research Part A: Policy and Practice 149 (July 2021): 206–25. http://dx.doi.org/10.1016/j.tra.2021.04.019.

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23

Ferris, J. Stephen, and Edwin G. West. "The cost disease and government growth: Qualifications to Baumol." Public Choice 89, no. 1-2 (October 1996): 35–52. http://dx.doi.org/10.1007/bf00114277.

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24

Sparviero, Sergio, and Paschal Preston. "Creativity and the positive reading of Baumol cost disease." Service Industries Journal 30, no. 11 (September 2010): 1903–17. http://dx.doi.org/10.1080/02642060802627541.

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25

Swei, Omar. "Long-Run Construction Cost Trends: Baumol’s Cost Disease and a Disaggregate Look at Building Material Price Dynamics." Journal of Construction Engineering and Management 144, no. 7 (July 2018): 04018058. http://dx.doi.org/10.1061/(asce)co.1943-7862.0001511.

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Borge, Lars-Erik, Kjetil Hatlebakk Hove, Tobias Lillekvelland, and Per Tovmo. "Cost disease in defense and public administration: Baumol and politics." Public Choice 175, no. 1-2 (February 3, 2018): 1–18. http://dx.doi.org/10.1007/s11127-018-0510-z.

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27

Bailey, Stephen J., Ari-Veikko Anttiroiko, and Pekka Valkama. "Application of Baumol’s Cost Disease to Public Sector Services: Conceptual, theoretical and empirical falsities." Public Management Review 18, no. 1 (September 10, 2014): 91–109. http://dx.doi.org/10.1080/14719037.2014.958092.

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28

Last, Anne-Kathrin, and Heike Wetzel. "Baumol’s cost disease, efficiency, and productivity in the performing arts: an analysis of german public theaters." Journal of Cultural Economics 35, no. 3 (July 8, 2011): 185–201. http://dx.doi.org/10.1007/s10824-011-9143-5.

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29

Besharov, G. "The Outbreak of the Cost Disease: Baumol and Bowen's Founding of Cultural Economics." History of Political Economy 37, no. 3 (September 1, 2005): 412–30. http://dx.doi.org/10.1215/00182702-37-3-412.

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León-Ledesma, Miguel, and Alessio Moro. "The Rise of Services and Balanced Growth in Theory and Data." American Economic Journal: Macroeconomics 12, no. 4 (October 1, 2020): 109–46. http://dx.doi.org/10.1257/mac.20180373.

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We investigate the effect of structural transformation on the process of economic growth. Using a two-sector growth model we show that, in addition to Baumol’s cost disease, structural transformation from goods to services generates other predictions that are in line with cross-country growth facts: an increase in the real investment rate, a decline in the real interest rate and the marginal product of capital, and an acceleration of investment-specific technological change as the share of services increases. The model calibrated to US data can account for the elasticity of real investment rates to the share of services measured in cross-country data. (JEL E22, E23, E43, L16, O33, O41, O47)
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Fanea-Ivanovici, Mina. "Can Crowdfunding Come to the Rescue of Culture and Arts? Evidence from Romania." Cultural Management: Science and Education 3, no. 2 (December 16, 2019): 73–82. http://dx.doi.org/10.30819/cmse.3-2.04.

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Financing culture and arts is a difficult task to achieve, especially due to the fact that the revenues ob-tained from such activities may not be enough to cover the costs. This has been claimed to be true for certain cultural activities or events, such as concerts, and is named Baumol’s cost disease. Although other forms of cultural and artistic activity can entirely rely upon the revenues earned, many types of artistic creation depend on public financing or sponsorship. With the advent and democratisation of Internet-based technologies, crowdfunding has become a convenient tool to raise funds in order to fi-nance cultural activities. The aim of this paper is to investigate to what extent cultural and artistic pro-jects are likely to receive financing through crowdfunding. The study is based on the main Romanian crowdfunding platforms and analyses the success rate of crowdfunding projects in culture and arts.
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Magas, István. "William J. Baumol (1922-2017) : A költségkór (cost disease) és a támadható piac (contestable markets) fogalmak megalkotójának emlékére." Külgazdaság 61, no. 5-6 (2017): 3–7. http://dx.doi.org/10.47630/kulg.2017.61.5-6.3.

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33

Andersen, Torben M. "Mauno Koivisto Lecture: 2014 The Nordic welfare model and welfare services – Can we maintain acceptable standards?" Finnish Journal of Social Research 8 (December 15, 2015): 85–96. http://dx.doi.org/10.51815/fjsr.110741.

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A key feature of the Nordic welfare model is provision of welfare services like care, education and health. They are individual entitlements, and collectively financed. It is a prerequisite that contemporary standards of services are provided; thus the public solution is not a second rate solution used only by those who cannot afford better solutions. Can the Nordic welfare model meet this objective in the future? Increasing productivity and wealth challenge this. Services tend to have lower productivity growth and thus to become more expensive (Baumol’s cost disease), but also to have a high income elasticity, and thus demands rise alongside improved material living standards (Wagner effects). The same implies to leisure, implying that tax bases may be eroded. In short, expenditures are on an upward drift and revenues on a downward trend, challenging the financial viability of the welfare model. This seems to leave a conundrum for the welfare state in the sense that the success of the model in improving living standards tends to undermine the possibility of attaining key objectives of the welfare state. It is argued that although the welfare state will be financially strained, these challenges can be met without jeopardizing its fundamental objectives.
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Alcouffe, Alain, and David le Bris. "Technical Progress and Structural Change in Jean Fourastié’s Theory of Development." History of Political Economy 52, no. 1 (February 1, 2020): 101–33. http://dx.doi.org/10.1215/00182702-8009547.

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The social scientist Jean Fourastié introduced his model of economic development in a book published in 1949. He based his analysis on a statistical series he had collected, which established two principles: technical progress is not uniformly distributed across industries (it is higher in manufacturing industry than in services) and human demand for both agricultural and manufactured goods does not grow continuously and may be saturated. These two principles allowed him to propose a model which attempted to predict the high growth observed after World War II (a period that he later called the Glorious Thirty) as well as the following rise of services, leading to a new era of stagnation at the turn of the millennium. His model emphasizes the role of technical progress while growth models focus on capital and labor. Fourastié’s work was initially reviewed by sociological and economic scholars interested in structural changes. As high-level advisor for various French governments and a bestselling author, Fourastié remained at the margin of the economic profession. However, an important legacy is the concept of cost disease developed by William Baumol, which is one implication of Fourastié’s more general model.
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35

Fanelli, Simone, Chiara Carolina Donelli, Antonello Zangrandi, and Isabella Mozzoni. "Balancing artistic and financial performance: is collaborative governance the answer?" International Journal of Public Sector Management 33, no. 1 (November 19, 2019): 78–93. http://dx.doi.org/10.1108/ijpsm-05-2019-0138.

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Purpose Opera houses have been traditionally publicly financed in many western countries. However, today many opera houses are facing serious financial troubles, due to the recent financial crisis. There is thus a widespread public debate on measures to ensure agency efficiency for performing arts organizations. Focusing on the reform implemented recently in Italy, which submitted opera houses that had severe financial difficulties to a recovery plan and encouraged forms of collaborative governance (CG), the purpose of this paper is to investigate the impact of CG on the performance of the arts sector. Design/methodology/approach Multiple case studies are used, on longitudinal data from multiple sources over a period of up to five years, in order to triangulate the narrative of financial and artistic performance and ensure trustworthiness. The study thus spans the period before the Bray Law came into force (2013) and covers the entire period in which recovery plans were implemented. Findings The analysis explores how opera houses are building sustainability for themselves and the community in terms of financial and artistic performance through CG. Various forms of CG adopted yielded positive results. Furthermore, more robust forms of CG generated better performance, especially from a financial point of view. Originality/value This paper adds to the limited knowledge of CG in the non-profit sector by bridging the fields of agency performance and CG. It discusses how the introduction of forms of CG can build up long-term sustainability, solving the dilemma of how to achieve financial equilibrium without compromising artistic quality, focusing on the case of opera houses, which are notably affected by Baumol’s cost disease.
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Breunig, Robert. "The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't, by William J. Baumol with contributions by Monte Malach, Ariel Pablos-Mendez and Lilian Gomory Wu. Yale University Press, New Haven, CT. pp. xxi +238." Economic Record 90, no. 290 (September 2014): 414–15. http://dx.doi.org/10.1111/1475-4932.12149.

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Mueser, Daniela, and Peter Vlachos. "Almost like being there? A conceptualisation of live-streaming theatre." International Journal of Event and Festival Management 9, no. 2 (June 4, 2018): 183–203. http://dx.doi.org/10.1108/ijefm-05-2018-0030.

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Purpose The live streaming of theatrical performances to cinemas has become increasingly common in recent years. The practice offers potentially positive returns for audience reach, audience development, revenue streams and global cultural exchange (Cochrane and Bonner, 2014; Nesta, 2011; King, 2016). However, the conceptualisation of live performance transmissions remains under-explored. The purpose of this paper is to review critically selected literature on event experience and apply it to the growing practice of live-streaming theatre (LST). In doing so, the paper develops a new conceptual model that can be used to guide future research on audience expectations, motivations and experience of LST. Design/methodology/approach A comparative historic case study approach combines a structured review of relevant academic literature and industry sources. Theories of live cultural experience and authenticity are critically reviewed. The opportunities and threats of LST to performing arts companies are summarised. The approach considers cognitive, affective and behavioural factors in probing themes of audience awareness, perceptions, expectations and experience of LST. The paper uses these factors to develop an original conceptual model for LST. Findings The research finds that the practice of cinematic live transmission of performing arts challenges existing conceptual categories and marketing strategies. Fundamental events studies factors such as “attendance”, “authenticity” and “experience” are re-evaluated. The model suggests that despite improvements in digital technology traditional theatre and broadcasted theatre are two different experiences, not substitutes. Research limitations/implications As a conceptual paper, the results are subject to being tested in the field. The findings reveal implications for the evolving future of hybrid and mixed event experiences. The potential for LST screenings to attract new audiences requires further study. Practical implications The implications of the research reflect the changing business models and supply side dynamics of theatre production and touring. The results suggest that live streaming is of limited effectiveness in addressing the capacity limits of Baumol and Bowen’s (1966) “cost disease” in live arts performance. LST allows major brands to penetrate regional markets thereby potentially squeezing out smaller touring companies and restricting innovation. Social implications The findings reveal implications for the evolving future of hybrid and mixed event experiences. Originality/value The influence of digital technology on live arts experience is currently under-explored and under-theorised. This paper develops a new conceptual model that captures in greater detail than previously the various factors that may determine audience engagement with, and experience of, LST. The paper contributes to knowledge by expanding the discourse on the gaps between the competing aims of access and authenticity. The analysis expands the academic understanding of hybrid and virtual event experiences.
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Vuorensyrjä, Matti. "The cost disease blues–do the police suffer from Baumol's cost disease?" Policing: An International Journal ahead-of-print, ahead-of-print (January 7, 2021). http://dx.doi.org/10.1108/pijpsm-08-2020-0145.

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PurposeThe purpose of this study is to analyze the growth of unit costs per output in the Finnish police force (2002–2015). Is it higher than the growth of prices in the Finnish economy in general; i.e. higher than the inflation rate? Cost disease theory suggests this to be the case. It says that all labor-intensive, slow-progressive industries suffer from relatively rapidly growing real unit costs and that policing is one among these industries.Design/methodology/approachThe rates of growth of the division-specific unit costs of the police are compared to the inflation rate. Costs and prices are treated as indexed schedules, comparable to each other. The functional divisions under scrutiny are surveillance and emergency operations, criminal investigation, and permits and licenses. The period under analysis is 2002–2015.FindingsThe surveillance and emergency operations and criminal investigation divisions, but not the permits and licenses division, suffer from cost disease. Owing to the persistent digitalization efforts in permits and licenses, the physical productivity of the division has been growing at a rapid rate, and both the nominal and the real unit costs per output of the division have been decreasing over time.Research limitations/implicationsOwing to data limitations, use of a proxy was needed to estimate one of the key variables of the study.Originality/valueThe policy significance of the research question is potentially very high. Prior to this study, there was a near total lack of empirical evidence in this area.
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Colombier, Carsten. "Drivers of Health Care Expenditure: Does Baumol's Cost Disease Loom Large?" SSRN Electronic Journal, 2012. http://dx.doi.org/10.2139/ssrn.2341054.

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40

SPIE. "Plenary Talk: Automated detection of retinal disease: when Moore's law meets Baumol's cost disease." SPIE Newsroom, March 1, 2012. http://dx.doi.org/10.1117/2.3201202.17.

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41

Wang, Linan, and Yuqian Chen. "Determinants of China’s health expenditure growth: based on Baumol’s cost disease theory." International Journal for Equity in Health 20, no. 1 (September 26, 2021). http://dx.doi.org/10.1186/s12939-021-01550-y.

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Abstract Background During the past four decades, China’s total health expenditure and health expenditure per capita have both experienced a dramatic increase in growth rate. This study aims to explore the determinants of health expenditure growth and the influencing mechanism of these determinants, with considering the productivity efficiency represented by Baumol’s cost disease. Methods Based on the longitudinal data of 30 provincial-level administrative regions in China, from 2010 to 2017, multi-variates regression models were constructed to assess the determinants, including demography, income, Baumol’s cost disease, technology, their effects on per capital total health expenditure growth and the three financing sources: government, society and out-of-pocket health expenditure. Moreover, the Spatial Durbin Model was used to analyze the influence mechanism of determinants on the increase of health expenditure across provinces. Results Among 210 province-year growth rate observations, all of the average growth rate of total health expenditure (12.78%) was much higher than the growth rate of per capita GDP (8.06%). According to the statistical analysis, we found that:(1) Income and Baumol’s cost disease have a significant positive impact on health expenditure growth(P < 0.01). The impact of technical factors on government health expenditure is significantly positive. (2) The determinants affected the growth of health costs in different regions variably; the eastern region is mainly driven by Baumol’s cost disease and technical factors, while the central and western regions are mainly affected by income factors and Baumol’s cost disease. (3) There is a significant spatial spillover effect on the health expenditure growth between regions. The income factor and Baumol’s cost disease have a positive impact on the health expenditure growth in its own region as well as in other regions. Conclusions Income and Baumol’s cost disease significantly contributed to China health expenditure growth. The health expenditure determinants showed spatial varies effect and space spillover effect on the neighborhood areas. Which indicates that a reasonable salary system should be contrasted to meet the changeling from the Baumol’s cost disease, and the necessity of equity in health resource allocation among provinces in China.
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42

Neck, Reinhard, and Michael Getzner. "Austrian Government Expenditures: Wagners Law Or Baumols Disease?" International Business & Economics Research Journal (IBER) 6, no. 11 (February 17, 2011). http://dx.doi.org/10.19030/iber.v6i11.3428.

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Government expenditures have grown in Austria during most of the 20th century. In this paper, we present empirical evidence for this growth process and analyze some of its possible reasons. In particular, two prominent theoretical explanations for public sector growth are tested for Austria: first, Wagners Law hypothesizing a positive income elasticity of demand for public goods, and second, Baumols Cost Disease, relating public sector growth to above-average cost increases in the public sector as compared to the private sector. The empirical evidence confirms the importance of the Cost Disease for Austria but cannot confirm the validity of Wagners Law. Business cycles influence government expenditures in the short run, while a number of variables suggested by public choice theories except for fiscal illusion do not significantly influence the growth of the public sector in Austria.
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43

Rubinstein, Alexander. "Studying “Sponsored Goods” in Cultural Sector Symptoms and Consequences of Baumol’s Cost Disease." Creative and Knowledge Society 2, no. 2 (January 1, 2012). http://dx.doi.org/10.2478/v10212-011-0024-2.

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44

Johnston, Alison. "The Revenge of Baumol’s Cost Disease?: Monetary Union and the Rise of Public Sector Wage Inflation." SSRN Electronic Journal, 2011. http://dx.doi.org/10.2139/ssrn.1786907.

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45

Besharov, Gregory Mark. "The Outbreak of the Cost Disease: Baumol and Bowen's Case for Public Support of the Arts." SSRN Electronic Journal, 2003. http://dx.doi.org/10.2139/ssrn.465343.

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46

Agrawal, Binit. "India’s Inequality Trap: The Role Played by Taxation Policies and Automation." Asian Journal of Law and Economics 11, no. 3 (December 2, 2020). http://dx.doi.org/10.1515/ajle-2020-0040.

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AbstractRecent increases in automation and unemployment have aggravated income inequality in India. Thus, it is imperative for policy-makers to cut down on inequality and unemployment while promoting planned automation. This paper proposes a joint solution to reform India’s taxation framework to fight income inequality while promoting planned automation. The paper finds that the current tax policies are severely increasing income inequality in India, and this, in turn, has lead to alarming consumption and economic slowdown in key industries. Unable to encourage the demand side, industries have responded by cutting down labour costs. This has created an inequality trap. To bring India out of this trap, it is imperative that India moves ahead with taxing concentrated capital and invests in re-skilling. Further, India also must give effect to Baumol’s cost disease insight and create new job opportunities for the rural youth, which is at the highest risk of unemployment.
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47

Qonitah, Ummu, and Shimaditya Nuraeni. "Analysis of Tie Strength and Purchase Decision Involvement towards Word-of-Mouth Influence in Service Business." KnE Social Sciences, March 23, 2020. http://dx.doi.org/10.18502/kss.v4i6.6663.

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The increase in services must be handled, the high cost of services has the potential to shake off economic growth, according to an economic theory called Baumol’s disease. Therefore, services have to become more efficient and productive. A handling service business that mostly intangible are dissimilar from the product-based business. In service word of mouth (WOM) is important. This research would investigate the interaction and direct effects of tie strength which is an interpersonal force between sender and receiver of WOM and the receiver’s service purchase decision involvement which is an intrapersonal force on WOM influence. A secondary aim is to investigate how a distinctive conceptualization of perceived risk affects service purchase decision involvement. A conceptual model incorporating these constructs and associated hypotheses is developed and tested. This research is quantitative research conducted to explore the objective of the study. The researcher conducts a questionnaire to collect data. The purposeful sampling conducted on this research. PLS-SEM Analysis is used in this research for the data analysis. The result indicates tie strength and involvement positively affected WOM influence. However, the moderation effect whereby, tie strength was found to diminish the effect of involvement on WOM influence. The other finding is perceived risk has a highly significant effect on involvement. Also, the relationship between WOM influence and the purchase decision is positively significant. Keywords: Service, WOM Influence, Purchase Decision, Perceived Risk, Involvement, Tie Strength
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48

Mendieta-Muñoz, Ivan, Codrina Rada, and Rudi von Arnim. "The Decline of the U.S. Labor Share Across Sectors." Institute for New Economic Thinking Working Paper Series, November 21, 2019, 1–37. http://dx.doi.org/10.36687/inetwp105.

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This paper provides novel insights on the changing functional distribution of income in the post– war US economy. We present a Divisia index decomposition of the US labor share (1948–2017) by fourteen sectors. The decomposition method furnishes exact contributions from four components towards aggregate changes of the labor share: sectoral real compensation, sectoral labor productivity, the structure of the economy as measured by employment shares, and the structure of markets as measured by relative prices. Results are presented for the entire period as well as the “golden age” (1948–1979) and a “neoliberal era” (1979–2017), painting a rich and detailed picture of structural changes in the US economy. The manufacturing sector plays a dominant role: despite its continuously falling employment share, growth of real compensation matches that of labor productivity in the early period but falls far behind during the neoliberal era. Further, employment shifts towards stagnant sectors with relatively low real wages and productivity. We discuss these results in the context of Baumol’s and Lewis’s seminal contributions on dual economies. While the cost disease is apparent—employment shifts towards stagnant sectors, their relative prices rise, and the aggregate growth rate (of productivity) decreases—the originally suggested mechanism of upward real wage convergence is muted. The observed changes are instead compatible with a “reverse-Lewis” shift, where stagnant sectors act as a labor surplus sink, and dynamic sector labor experiences slowing real wage growth.
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