If the Baumol hypothesis is correct concerning local government finances, and if the demand for local services
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“If the Baumol hypothesis is correct concerning local government finances, and if the demand for local services is inelastic, then we are in trouble – eventually, spending for education, police and fire protection, and sanitation will require half our incomes.” Evaluate this concern. What changes could occur to prevent this from happening?
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The Baumol hypothesis named after economist William Baumol posits that in industries where productivity gains are difficult to achieve such as public services like education police fire protection and ...View the full answer
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Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
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