Distribution and growth in demand and productivity in Switzerland (1950 –2010)
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Author
Date
2012-12Type
- Working Paper
ETH Bibliography
yes
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Abstract
I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation that set in at the beginning of the 1990s in this country. The results suggest that the Swiss demand regime is profit-led while the productivity regime is wage-led. This means on the one hand that wage moderation has added almost one percentage point to GDP growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter effect, however, is weak. Show more
Permanent link
https://doi.org/10.3929/ethz-a-007590647Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT; SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION; DEMAND (ECONOMIC THEORY); Productivity growth; NACHFRAGE (WIRTSCHAFTSTHEORIE); ECONOMIC PRODUCTIVITY; Distribution; Demand growth; Bhaduri-Marglin model; WIRTSCHAFTLICHE PRODUKTIVITÄT; SwitzerlandOrganisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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Is source of: http://hdl.handle.net/20.500.11850/121689
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ETH Bibliography
yes
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