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040 _aMSU
_cMSU
_erda
100 _aHARTWIG, Jochen
245 _aDistribution and growth in demand and productivity in Switzerland (1950–2010)
264 _aNew York
_bTaylor & Francis
_c2013
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aApplied Economics Letters
_vVolume , number ,
520 _aI 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.
650 _adistribution
650 _ademand growth
650 _aproductivity growth
856 _uhttps://doi.org/10.1080/13504851.2013.765538
942 _2lcc
_cJA
999 _c163270
_d163270