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Table 3 \(\Phi\)-statistics (1987Q1–1990Q2, 1990Q3–1992Q4, 1993Q1–1996Q4)

From: A neoclassical perspective on Switzerland’s 1990s stagnation

  \({\varvec{\Phi}} ^{\varvec{q}}_{{\varvec{A}}}\) \({\varvec{\Phi }}^{\varvec{q}}_{{\varvec{L}}}\) \({\varvec{\Phi }}^{\varvec{q}}_{{\varvec{X}}}\) \({\varvec{\Phi }}^{\varvec{q}}_{{\varvec{G}}}\)
Output
 1987Q1–1990Q2 0.99 0.00 0.00 0.00
 1990Q3–1992Q4 0.77 0.08 0.11 0.04
 1993Q1–1996Q4 0.06 0.61 0.29 0.03
Investment
 1987Q1–1990Q2 0.54 0.11 0.25 0.10
 1990Q3–1992Q4 0.56 0.06 0.33 0.05
 1993Q1–1996Q4 0.04 0.24 0.69 0.03
Total hours
 1987Q1–1990Q2 0.66 0.05 0.18 0.10
 1990Q3–1992Q4 0.41 0.17 0.37 0.06
 1993Q1–1996Q4 0.06 0.80 0.10 0.04
  1. \(\Phi ^q_j\) denotes the \(\Phi\)-statistics of the j-wedge-alone component of aggregate q (output, investment, or total hours). The subscripts ALXG denote the efficiency, labour, investment, and government wedges