Does Czech Republic Suffer from Baumol's Cost Disease?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F19%3A10244108" target="_blank" >RIV/61989100:27510/19:10244108 - isvavai.cz</a>
Result on the web
<a href="http://ctpsr.econ.muni.cz/media/3295764/ctpsr_proceedings_2019.pdf" target="_blank" >http://ctpsr.econ.muni.cz/media/3295764/ctpsr_proceedings_2019.pdf</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Does Czech Republic Suffer from Baumol's Cost Disease?
Original language description
This paper deals with Baumol's cost disease theory. This theory is usually used to explain the different dynamics of some sectors of the economy, particularly public sector and to explain the growing share of the public sector in total resources. The aim of the paper is to verify the validity of Baumol's theory on data from the Czech Republic using the time series from 1995-2017. It was found that the Czech economy shows some symptoms of Baumol's cost disease. These include, in particular, the growing share of the tertiary sector, declining expenditure on goods and rising spending on services spent by households. It was also confirmed that wage growth in the tertiary sector is determined by wage growth in the secondary sector, which is in line with Baumol's theory. Although the share of the public sector in total resources in the Czech Republic is increasing, the share of public expenditure in GDP has a decreasing trend. This may be due to the faster growth rate of GDP recently.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50201 - Economic Theory
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Current Trends in Public Sector Research: proceedings of the 23rd international conference : Brno, 24-25 January 2019
ISBN
978-80-210-9256-3
ISSN
2336-1239
e-ISSN
—
Number of pages
8
Pages from-to
173-180
Publisher name
Masarykova univerzita
Place of publication
Brno
Event location
Brno
Event date
Jan 24, 2019
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000560960400021