Growth in Switzerland: Can Better Growth Be Sustained?
September 1, 2002
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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: Economic sectors, Employment, Labor, Labor productivity, Manufacturing, Production, Productivity, Total factor productivity
Keywords: aggregate productivity growth, economic growth, Employment, enterprise restructuring, Global, high-productivity sector, investment rate, Labor productivity, Manufacturing, Productivity, productivity gain, productivity growth, Switzerland, Total factor productivity, WP
Pages:
26
Volume:
2002
DOI:
Issue:
153
Series:
Working Paper No. 2002/153
Stock No:
WPIEA1532002
ISBN:
9781451857160
ISSN:
1018-5941
