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

被引：10
|
作者：
Hartwig, Jochen [1 ]
机构：
[1] Swiss Fed Inst Technol, KOF Swiss Econ Inst, CH-8092 Zurich, Switzerland
来源：
APPLIED ECONOMICS LETTERS | 2013年 / 20卷 / 10期
关键词：
distribution; demand growth; productivity growth; BhaduriMarglin model; Switzerland; E12; E20; O30; O40; 6 OECD COUNTRIES; AGGREGATE DEMAND; INCOME-DISTRIBUTION; MODEL;
D O I：
10.1080/13504851.2013.765538
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 Gross Domestic Product (GDP) growth after 1990. On the other hand, it has also contributed to the drop in productivity growth. The latter effect, however, is weak.
引用
收藏
页码：938 / 944
页数：7
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