Openness and Productitvity of the Swiss Economy
Reto Föllmi (),
Philipp an de Meulen,
Martin Micheli (),
Thorsten Schmidt and
Authors registered in the RePEc Author Service: Reto Foellmi ()
No 1803, Economics Working Paper Series from University of St. Gallen, School of Economics and Political Science
This paper analyzes the connection between openness and economic performance in Switzerland. Considering different dimensions of openness, we show that the Swiss economy classifies as relatively open. Nevertheless, there still is potential to further increase international integration, particularly through deregulation in the services sector. We also show that for some branches in the Swiss manufacturing sector, increases in international trade are associated with higher productivity in the long run. With regard to financial openness, we show that in the aftermath of the financial crisis, Switzerland mainly suffered from capital retrenchment. Foreign capital inflows were of minor importance. Short-run costs due to the high volatility of capital flows might therefore be lower than widely perceived.
Keywords: Productivity; Openness; Trade Barriers (search for similar items in EconPapers)
JEL-codes: O40 F10 F30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-eff, nep-int and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Journal Article: Openness and productivity of the Swiss economy (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:usg:econwp:2018:03
Access Statistics for this paper
More papers in Economics Working Paper Series from University of St. Gallen, School of Economics and Political Science Contact information at EDIRC.
Bibliographic data for series maintained by Martina Flockerzi ().