Does Czech Republic Suffer from Baumol's Cost Disease?
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Does Czech Republic Suffer from Baumol's Cost Disease?
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Does Czech Republic Suffer from Baumol's Cost Disease?
Popis výsledku anglicky
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.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
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OECD FORD obor
50201 - Economic Theory
Návaznosti výsledku
Projekt
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Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2019
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
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
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Počet stran výsledku
8
Strana od-do
173-180
Název nakladatele
Masarykova univerzita
Místo vydání
Brno
Místo konání akce
Brno
Datum konání akce
24. 1. 2019
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
000560960400021