| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12467 |
| DP12467 Structural Change within the Service Sector and the Future of Baumol's Disease | |
| Akos Valentinyi; Berthold Herrendorf; Georg Duernecker | |
| 发表日期 | 2017-11-27 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Structural change contributed to the past slowdown of U.S. productivity growth by reallocating production to stagnant services sectors with low productivity growth. We ask what the future effect of structural change on productivity growth will be. To provide an answer, we study structural change among goods and different services. We find that there are substitutes for stagnant services, which prevents them from taking over the economy in the long run. Our calibrated model implies that in the future structural change will reduce aggregate productivity growth in the U.S. only by about half as much as in the past. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Baumol's disease Productivity growth slowdown Service sector Structural change |
| URL | https://cepr.org/publications/dp12467-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541278 |
| 推荐引用方式 GB/T 7714 | Akos Valentinyi,Berthold Herrendorf,Georg Duernecker. DP12467 Structural Change within the Service Sector and the Future of Baumol's Disease. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
