Distribution and growth in demand and productivity in Switzerland (1950-2010)

Jochen Hartwig

No 12-323, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

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.

Keywords: Distribution; Demand growth; Productivity growth; Bhaduri-Marglin model; Switzerland (search for similar items in EconPapers)
Pages: 17 pages
Date: 2012-12
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Distribution and growth in demand and productivity in Switzerland (1950--2010) (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:12-323

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