Construct · 1 fields · 1 citations

cost disease: a standalone construct

One name. One construct. A landmark on the map.

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Economic growth

the rising relative cost and shrinking real output share of stagnant-productivity services, such as performing arts or education, as productivity grows elsewhere.

In economic growth, cost disease refers to the rising relative cost and shrinking real output share of stagnant-productivity services, such as performing arts or education, as productivity grows elsewhere. This meaning comes from Nordhaus (2008) in The B.E. Journal of Macroeconomics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructs growth4 fields · 4 citationsjingle · one word, four constructs productivity3 fields · 3 citationsjingle · one word, three constructs

References

Nordhaus, W. D. (2008). Baumol's Diseases: A Macroeconomic Perspective. The B.E. Journal of Macroeconomics, 8(1). https://doi.org/10.2202/1935-1690.1382

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