Baumol’s Hypothesis of unbalanced growth for Spain

• Autores: Manuel Jaén García
• Localización: Presupuesto y gasto público, ISSN 0210-5977, Nº 100, 2020, págs. 193-218
• Idioma: inglés
• Enlaces
  • Texto Completo Ejemplar
• Resumen
  • español

    El articulo realiza un análisis teórico y empírico de la hipótesis de disparidad de Baumol.

    Esta hipótesis fué originalmente formulada para estudiar la diferencia en productividad entre los sectores industrial y de servicios. Sin embargo, su adaptación al sector público ha sido ampliamente estudiada en cuanto dicho sector es similar al sector servicios por estar caracterizado por el uso intensivo del factor trabajo.

    Se han realizado numerosos trabajos para analizar las prémisas teóricas y contrastar empiricamente la hipótesis de Baumol. Este articulo realiza varios contrastes empíricos para el caso español. Su principales contribuciónes son el cálculo de parámetros, que en trabajos anteriores fueron obtenidos de otras fuentes, y la utilización de contrastes de raices unitarias y cointegración en series temporales. Se concluye que el modelo de Baumol no proporciona una explicación convincente para el crecimiento del gasto público español en el período estudiado.

  • English

    The present article conducts a theoretical and empirical analysis of Baumol’s disparity hypothesis. This hypothesis was originally formulated to study the difference in productivity between the services sector and the industrial sector. However, its adaptation to the public sector has been widely studied as said sector is similar to the services sector in that it is characterized by the intensive use of labor. Numerous works have been carried out which have both analyzed the theoretical premises and empirically tested Baumol’s hypothesis. This article conducts various empirical tests for the Spanish case. Its main contribution is the calculation of parameters, which in earlier works were obtained from other sources, and the utilization of unit root tests and cointegration in time series. We conclude that Baumol’s model does not provide a convincing explanation for public spending growth in Spain for the study period.

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