into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … productivity growth, and endogenous changes in expenditures shares on manufacturing goods and services. We quantify the importance … accumulation and trade costs have been the most important drivers of trade in the sample at hand, whereas productivity growth and …

demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …

Switzerland is often viewed as a federalist curiosity and a unique form of direct democracy. But this view does not … provide a proper understanding of the country. A theory of Switzerland is necessary. A consideration of the initial, exogenous … autonomy considerably better in Switzerland than in other states. An important factor is that the federal government, cantons …

occupational pension wealth observed in Switzerland …