The Secret of Lasting Success - The Cases of Switzerland and Denmark

Rafael Lipcsey Andersson () and Szabolcs Szentmihalyi ()
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Szabolcs Szentmihalyi: Magyar Nemzeti Bank

Financial and Economic Review, 2022, vol. 21, issue 3, 159-172

Abstract: In recent decades, the development of Switzerland and Denmark has mainly been characterised by intensive growth, pioneering in innovation and the development of green technologies, high employment rates and fiscal discipline. In this article, we discuss the background of these development factors as well as how these two economies have managed to remain highly advanced for such a long time. The paths taken by Switzerland and Denmark show plenty of similarities, from which Hungary can draw lessons regarding its efforts to catch up with Europe's more advanced economies. In certain areas, however, their success has been enabled by factors dependent on their unique conditions, resources and diverging economic policy approaches.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:21:y:2022:i:3:p:159-172

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