Growth in Switzerland: Can Better Growth Be Sustained?

September 1, 2002

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.

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:
https://doi.org/10.5089/9781451857160.001
Issue:
153
Series:
Working Paper No. 2002/153
Stock No:
WPIEA1532002
ISBN:
9781451857160
ISSN:
1018-5941

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