Growth in Switzerland: Can Better Performance be Sustained?

 
Author/Editor: Gagales, Anastassios
 
Publication Date: September 01, 2002
 
 
Summary: Swiss growth performance in the past quarter century has been mediocre. The paper finds that conditional income convergence contributes significantly to slow growth and the poor performance of the domestically oriented sectors has been a drag on growth. However, slow growth is not inescapable. Faster growth would require raising total factor productivity growth, which remains low by international standards, and the investment rate. Further progress in structural reform could sustain the underlying growth rate at about 2 percent in the next few years.
 
Subject(s): Economic growth | Switzerland

Author's Keyword(s): Switzerland | economic growth
 
English
Publication Date: September 01, 2002
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1532002 Pages: 26
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