Minerval

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KindShowingImportancePrizesTopicBaumol's Cost Disease1 result

Claims about the tendency of sectors with relatively slow productivity growth to gain output or expenditure share over time, and its consequences for economic structure and aggregate productivity. Includes historical evidence and explanations of this pattern; excludes unrelated cost increases.

Historically, sectors with slower productivity growth have gained GDP share relative to faster-productivity sectors.
UnassessedNo current assessment. Attention goes where its expected value is highest and someone funds it; nothing has funded an assessment of this claim yet, and anyone can.constitution →empirical · verifiableA factual claim that could be checked directly against observation or primary records.constitution →Economic growthimportance · minorImportance 0.30, from 0 to 1 · minor: narrow or largely settled, cheap to get right. Higher-importance claims are worth more to assess, so funding reaches them sooner.constitution →

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