SPREADING THE BENEFITS OF PRODUCTIVITY INCREASES: PRICE INCREASES, DECREASES, OR BOTH? A CRITIQUE OF BAUMOL ON SUBSIDIES TO THE ARTS

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SPREADING THE BENEFITS OF PRODUCTIVITY INCREASES: PRICE INCREASES, DECREASES, OR BOTH? A CRITIQUE OF BAUMOL ON SUBSIDIES TO THE ARTS

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Title: SPREADING THE BENEFITS OF PRODUCTIVITY INCREASES: PRICE INCREASES, DECREASES, OR BOTH? A CRITIQUE OF BAUMOL ON SUBSIDIES TO THE ARTS
Author: Barnett II, William; Block, Walter
Abstract: This paper attempts to grapple with the market mechanism through which growth in one sector of the economy spreads to other sectors. It calls into question Baumol’s argument for subsidies to the arts and by extension, to other economic areas that have not enjoyed productivity increases.
URI: http://hdl.handle.net/10610/2309
Date: 2006


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Стопанска академия "Димитър А. Ценов" - Свищов