The Baumol Diseases and the Korean Economy
The Baumol Diseases and the Korean Economy
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鲍莫尔病与韩国经济
DOI：
10.1080/1540496x.2014.998889
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发表时间：
2015
影响因子：
4
通讯作者：
Kyung
中科院分区：
文献类型：
--
作者：
Wankeun Oh;Kyung
摘要本文考察了鲍莫尔效应和韩国各行业不平衡增长的后果。结果表明，Baumol效应是存在的，但与已有文献定性地不同。尽管鲍莫尔的疾病成本很高，但它是薄弱的。韩国经济的某些特征，如严重依赖出口和经济增长受挤压，似乎是造成这种情况的原因。低成本病导致了弱增长病：总生产率增长不会随着时间的推移而单调下降。生产率的增长导致了就业的去工业化。在控制国际贸易增长后，该价值仍然有效。
ABSTRACT This article examines the Baumol effect and the consequences of unbalanced growth across Korean industries. The results demonstrate that the Baumol effect exists, but it is qualitatively different from existing literature. Although Baumol’s cost disease is significant, it is weak. Certain attributes of the Korean economy such as heavy reliance on exports and compressed growth seem to be responsible. Weak cost disease leads to a weak growth disease: the aggregate productivity growth does not monotonically decline over time. Productivity growth has led to the deindustrialization of employment. The value holds effective after controlling the growth of international trade.