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Switzerland: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 107
Language:
English
Publication Date:
03 Jun 2002
DOI:
https://doi.org/10.5089/9781451807240.002
ISBN:
9781451807240
ISSN:
1934-7685
Pages:
36
Keywords:
ISCR; CR; Switzerland; capital; net; productivity growth; phasing-out wealth taxes; capital transaction tax; investment rate; interest income; productivity gain; capital tax burden; Productivity; Total factor productivity; Pension spending; Labor productivity; Employment; Global
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This Selected Issues paper examines economic growth in Switzerland. It attempts to analyze whether slow growth is inescapable for Switzerland. The paper suggests that income convergence across countries contributes significantly to slow relative growth in Switzerland, but experience in several advanced industrial countries reinforces the view that slow growth is not inescapable. Higher growth will require raising total factor productivity growth, which remains low by international standards, and to a lesser extent, raising the investment rate.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund