This paper identifies the contributions of the major factors explaining Swiss nominal GNP growth in an open-economy setting: technological change, increases in the endowments of labor and capital, movements in the terms of trade, and domestic output price changes. We follow in turns a nonparametric and a parametric approach. Both rest on a tight theoretical foundation, being based on the GNP function approach to modeling the production sector of an open economy.
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Volume (Year): 129 (1993) Issue (Month): IV (December) Pages: 601-615 Download reference. The following formats are available: HTML
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