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Growth in Switzerland: Can Better Performance be Sustained?

Author/Editor: Gagales, Anastassios
Authorized for Distribution: September 1, 2002
Electronic Access: Free Full Text (PDF file size is 849KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

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.
 
Series: Working Paper No. 02/153
Subject(s): Economic growth | Switzerland
Author's keyword(s): Switzerland | economic growth
 
English  
    Published:   September 1, 2002        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA1532002   Pages:   26
    Price:   US$15.00
       
     
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