Why did Switzerland succeed? An analysis of Swiss specializations (1885-1905)
The singularity of the Swiss economy during the first globalization is a well-known subject in historiography. Many authors highlight the role of institutions, the size of the country or the weak influence of the lobbies on economic decisions to explain the high economic growth from the 1880’s. Using an original and highly disaggregated database, this article takes into account the Swiss choices in terms of industrial specializations. We found out that the development of modern specializations as well as a move upmarket in the “old” specializations can be one of the explanations of the Swiss ‘miracle’.
|Date of creation:||2013|
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- David, Thomas & Mach, Andre, 2006. "Institutions and Economic Growth: The Successful Experience of Switzerland (1870-1950)," Working Paper Series RP2006/101, World Institute for Development Economic Research (UNU-WIDER).
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