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Baumol's unbalanced productivity growth theory proposes that government expenditure may increase disproportionately owing to an increase in the prices of inputs used by the public
Baumol's unbalanced productivity growth theory proposes that government expenditure may increase disproportionately owing to an increase in the prices of inputs used by the public sector relative to those used in the private sector. Analyse Baumol's theory in your discussion compare and contrast how this school of thought is or could be related to the South African economy
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