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Growth in Switzerland: Can Better Growth Be Sustained?

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  • Mr. Anastassios Gagales

Abstract

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.

Suggested Citation

  • Mr. Anastassios Gagales, 2002. "Growth in Switzerland: Can Better Growth Be Sustained?," IMF Working Papers 2002/153, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2002/153
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    Cited by:

    1. Wolfgang Ochel & Rigmar Osterkamp, 2007. "What Does the Institutions Climate Index for OECD Countries Tell us about Institutional Change and Economic Policy Reforms?," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 5(01), pages 50-62, May.
    2. Jalil, Muaz, 2009. "Measuring Switzerland's Productivity Performance (1960-2008)," MPRA Paper 65321, University Library of Munich, Germany.
    3. Wolfgang Ochel & Rigmar Osterkamp, 2007. "What Does the Institutions Climate Index for OECD Countries Tell us about Institutional Change and Economic Policy Reforms?," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 5(1), pages 50-62, 05.
    4. repec:ces:ifodic:v:5:y:2007:i:1:p:14567286 is not listed on IDEAS

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