Growth in Switzerland: Can Better Growth Be Sustained?
IMF Working Papers, September 1, 2002
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- Growth in Switzerland: Can Better Growth Be Sustained?
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Bibliographic details
- Authors: Anastassios Gagales
- Published: September 1, 2002
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451857160.001
Main findings
- Swiss growth performance in the past quarter century has been mediocre.
- Conditional income convergence contributes significantly to slow growth.
- The poor performance of the domestically oriented sectors has been a drag on growth.
- Total factor productivity growth remains low by international standards and is a key constraint on faster growth.
- Raising the investment rate is necessary to achieve faster growth.
- Further progress in structural reform could sustain the underlying growth rate at about 2 percent in the next few years.
Policy implications and recommendations
- Implement structural reforms to raise total factor productivity growth.
- Increase the investment rate to support higher growth.
- Address weaknesses in domestically oriented sectors to reduce their drag on aggregate growth.
Publication and metadata
- Author: Anastassios Gagales
- Publication date: September 1, 2002
- Series: Working Paper No. 2002/153
- Issue: 153
- Volume: 2002
- Pages: 26
- DOI: https://doi.org/10.5089/9781451857160.001
- Stock No: WPIEA1532002
- ISBN: 9781451857160
- ISSN: 1018-5941
Source: IMF Working Paper "Growth in Switzerland: Can Better Growth Be Sustained?" by Anastassios Gagales (September 1, 2002).
Content in this bundle
- Growth in Switzerland: Can Better Performance Be Sustained? - WP/02/153