Baumol's law and Verdoorn's regularity

被引:5
作者
Fase M.M.G. [1 ]
Winder C.C.A. [1 ]
机构
[1] Econometric Res. Spec. Studs. Dept., De Nederlandsche Bank NV, 1000 AB Amsterdam
关键词
Industry and services sector; Labour productivity; Output; Unit labour costs;
D O I
10.1023/A:1003773210710
中图分类号
学科分类号
摘要
This paper tests the laws of Verdoorn and Baumol for the Netherlands in order to assess whether these laws provide an appropriate framework to interpret developments of output, employment, and wages and prices in the manufacturing industry and the services sector. The emprical evidence is not conclusive with respect to Verdoorn's law, but strongly supportive of Baumol's law.
引用
收藏
页码:277 / 291
页数:14
相关论文
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