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Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia

Klein, Caroline; Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2013

The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...

Persistent link: https://www.econbiz.de/10011277021

Fiscal Prospects and Reforms in India

Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011

Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...

Persistent link: https://www.econbiz.de/10009364448

Tackling Turkey's External and Domestic Macroeconomic Imbalances

Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; … - Economics Department, Organisation de Coopération et … - 2012

Effective macroeconomic and structural policies helped Turkey bounce back quickly and strongly from the global crisis, with annual growth averaging close to 9% over 2010-11. However, the current account deficit widened to around 10% of GDP in 2011 and consumer price inflation rose to over 10%....

Persistent link: https://www.econbiz.de/10011277032

Summary of a Workshop on Global Convergence Scenarios: Structural and Policy Issues

Vanston, Nick - Economics Department, Organisation de Coopération et … - 2006

-country convergence of per capita GDP, to what extent they operate in practice, and the implications for policies, including those …

Persistent link: https://www.econbiz.de/10005046090

Long-Term Growth Scenarios

Johansson, Åsa; Guillemette, Yvan; Murtin, Fabrice; … - Economics Department, Organisation de Coopération et … - 2013

This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...

Persistent link: https://www.econbiz.de/10011276784

Structural Reforms to Boost Turkey's Long-Term Growth

Gönenç, Rauf; Röhn, Oliver; Koen, Vincent; Saygili, … - Economics Department, Organisation de Coopération et … - 2012

Turkey can achieve strong sustainable growth and job creation but further reforms in the labour market, education and product markets are required for such gains to materialise. In recent years, growth has been largely driven by the industrial catch-up of Anatolian regions, although the Marmara...

Persistent link: https://www.econbiz.de/10011276807

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Arnold, Jens; Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2007

convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …

Persistent link: https://www.econbiz.de/10005045653

The Economic Integration of Germany's New Länder

Wurzel, Eckhard - Economics Department, Organisation de Coopération et … - 2001

second half of the 1990s economic growth in the east decelerated, and income convergence has stalled and employment stagnated …

Persistent link: https://www.econbiz.de/10005045764

Does Human Capital Matter for Growth in OECD Countries?: Evidence from Pooled Mean-Group Estimates

Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2001

convergence to the steady state of around 15 per cent per year. Taken together these results are not consistent with the human … une vitesse de convergence vers l’équilibre à long terme de 15 pour cent par an en moyenne. Dans leur ensemble, ces …

Persistent link: https://www.econbiz.de/10005045945

Long-Run GDP Growth Framework and Scenarios for the World Economy

Duval, Romain; Maisonneuve, Christine de la - Economics Department, Organisation de Coopération et … - 2009

<BR>Cet article développe et applique un cadre d’analyse simple fondé sur la « convergence conditionnelle » pour produire des …

Persistent link: https://www.econbiz.de/10005046027