Essays about: "Erik Nelsson"
Found 1 essay containing the words Erik Nelsson.
University essay from Lunds universitet/Nationalekonomiska institutionen
Abstract : Baumol argued that technologically stagnant sectors with relatively low productivity growth over time will experience relatively higher prices and increased shares of total labor, and thereby slow aggregate growth. This theory, known as ‘the cost disease’, also claims that services, predominantly found in the public sector, generally are stagnant due to their perceived dependence on human labor as an input. READ MORE