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OECD Economic Surveys: Switzerland 2007
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- + Table of contents
- Executive summary
- Assessment and recommendations
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Chapter 1. Macroeconomic performance and main challenges
- Figure 1.1. Decomposition of GDP per capita in PPP terms
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Recent economic developments paint a picture of continued strength
- Figure 1.2. Economic growth in Switzerland and the euro area
- Figure 1.3. The contribution of financial-sector value-added to economic growth
- Figure 1.4. Labour market indicators
- + Box 1.1. The OECD’s short-term projections for Switzerland
- + Current-account developments largely reflect foreign earnings of Swiss multinationals
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Macroeconomic policy must aim to head off a rise in inflation
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Medium-term challenges in fiscal policy are still substantial
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Productivity in sectors lacking in competition is holding back growth performance
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Immigration inflows have sustained labour supply
- Table 1.4. Decomposition of labour utilisation
- Figure 1.13. Participation trends in the labour market
- + Immigration has risen and has become less responsive to labour-market conditions
- + The long duration of unemployment spells poses a risk for the resilience of the labour market to shocks
- Scope remains to improve the integration of immigrants and their offspring in the labour market
- Notes
- Bibliography
- Annex 1.A1. Progress in structural reforms
- + Chapter 2. The significance of Switzerland’s enormous current-account surplus
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Chapter3. Making fiscal policy more supportive of economic growth
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Chapter 4. Deficiencies in the regulation of goods and services markets remain
- Recent reform in competition law and competition law enforcement needs to be followed up
- Technical barriers to trade can still be lowered
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The scope to intensify competition in network industries is still large
- Box 4.1. Government ownership in network industries
- The new regulatory framework for the electricity market marks a significant step towards competition
- + Vertical separation rules need to be strengthened
- + Lack of competition lowers quality and raises prices in telecommunications services
- The planned reform to allow more competition in rail passenger transport needs to be well anchored
- Postal services are still largely closed to competition
- Public procurement markets continue to be geographically fragmented
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Agricultural policy generates high costs for the economy
- Notes
- Bibliography
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Chapter 5. The contribution of immigration to prosperity can be raised further
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Main characteristics of the trend in migration stocks and flows
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Migration policy: in search of balance
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Economic aspects of migration
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The positive impact of immigration on production and incomes is considerable
- + The effects on the employment conditions of the native population seem limited
- + Certain barriers act as a brake on the entry of foreigners into the labour market
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Integration policies can be improved
- Figure 5.16. Educational pathways of lower secondary cycle pupils according to nationality and type of programme
- Table 5.5. Basic skills of 15 year-olds according to their cultural background
- Figure 5.17. Young persons who have left school early by nationality
- Figure 5.18. Share of highly heterogeneous classes and share of pupils of foreign nationality in compulsory schooling
- Table 5.6. Likelihood of finding an apprenticeship by national origin
- Box 5.3. The compulsory schooling harmonisation project at cantonal level
- A better understanding of the budgetary impact of immigration would be helpful
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The positive impact of immigration on production and incomes is considerable
- + Conclusions
- Notes
- Bibliography
- Annex 5.A1. The various types of immigration permits in Switzerland
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Main characteristics of the trend in migration stocks and flows
This edition of OECD's periodic survey of the Swiss economy finds that recent developments paint a picture of continued strength, but a number of key challenges remain, including an enormous current accout surplus, making fiscal policy more supportive of economic growth, deficiencies in the regulation of goods and services markets and further raising the contribution immigration to prosperity.
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Book Details
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Categories
Business & Economics > Economic Conditions
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Publication year : 2007
License: All rights reserved ©
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