I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation …-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 drop in productivity growth. The latter …

develops a theoretical model to analyse the possible effects, and presents an empirical application using productivity data for … productivity growth. As the knowledge transferred through business visits is non-rival, both countries of origin and destination …. -- International labour movements ; face-to-face meetings ; business trips ; growth ; productivity …

Using novel data on value added in Switzerland we propose to use a growth rate decomposition technique, in the spirit …