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Distribution and growth in demand and productivity in Switzerland (1950 –2010)
(2012)KOF Working PapersI 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 GDP growth after 1990. On the other hand, it has also contributed to the ...Working Paper -
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An outlier-robust extreme bounds analysis of the determinants of health-care expenditure growth
(2012)KOF Working PapersHartwig (2008) has presented empirical evidence that the difference between real wage growth and productivity growth at the macroeconomic level is a robust explanatory variable for deflated health-care expenditure growth in OECD countries. In this paper, we test whether this finding is robust to the inclusion of additional covariates, applying different versions of Extreme Bounds Analysis (EBA) to data for 33 OECD countries over the period ...Working Paper -
AIECE General Report: AIECE Spring General Meeting Madrid, 26 –27 April 2012
(2012)KOF StudiesReport -
Deutsche Konjunktur im Aufwind - Europäische Schuldenkrise schwelt weiter
(2012)KOF StudiesReport