Switzerland: Selected Issues

Switzerland: Selected Issues
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Volume/Issue: Volume 2025 Issue 264
Publication date: September 2025
ISBN: 9798229025256
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Industries - Manufacturing , Service , R&D intensity , size distribution , difference in firm share , firm size distribution , firm Level analysis , Labor productivity , Productivity , Manufacturing , Services sector , Global , Europe

Summary

This Selected Issues paper examines Swiss labor productivity from a firm-level perspective, highlighting factors that influence recent trends. Switzerland's strong labor productivity is driven by robust R&D, a high-quality education system, and deep global integration. However, challenges such as lower R&D intensity, limited access to financing, and high skilled labor costs persist. A risk-averse financing environment and administrative frictions further constrain business dynamism and innovation. To address these issues, the Swiss authorities are implementing productivity-enhancing reforms, focusing on competition-friendly regulation and expanded market access. Additional reforms are recommended, including simplifying regulatory and compliance requirements to reduce the operational burden on SMEs and investing in education and training systems to alleviate labor constraints. These efforts aim to foster entrepreneurship, innovation, and growth, ultimately supporting Switzerland's competitiveness in the global economy. By advancing these reforms, Switzerland can continue to enhance its labor productivity and maintain its economic strength.