Template-type: ReDIF-Paper 1.0
Author-Name: Dr. Barbara Rudolf
Author-Name-First: Barbara
Author-Name-Last: Rudolf
Author-Name: Mathias Zurlinden
Author-Name-First: Mathias
Author-Name-Last: Zurlinden
Title: Productivity and economic growth in Switzerland 1991-2005
Abstract: In this paper, we analyse the sources of economic growth in Switzerland during the period 1991-2005. The results suggest that labour input and capital input contribute 0.57 pp and 0.45 pp, respectively, to the average annual GDP growth of 1.28%. The remaining 0.25 pp represent growth in multi-factor productivity, which is calculated as a residual. The estimate of growth in multi-factor productivity is lower than in previous studies because our measure of labour input takes changes in labour quality into account. Changes in labour quality explain 0.39 pp of the 0.45 pp contribution from labour input.
Length: 31 pages
Creation-Date: 2009
Contact-Email: forschung@snb.ch
File-URL: https://www.snb.ch/en/publications/research/working-papers/2009/working_paper_2009_13
File-Format: text/html
Number: 2009-13
Classification-JEL: E31, E37
Keywords: growth accounting, multi-factor productivity, capital services, constant-quality labour
Handle: RePEc:snb:snbwpa:2009-13