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Boosting productivity for inclusive growth in Japan
Jones, Randall Sidney; Jin, Yosuke - 2017
has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common … facilitate the closure of non-viable firms, whose survival hampers the growth of viable firms in Japan. This would also increase … the 2017 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/economic-survey-japan.htm) …
Persistent link: https://www.econbiz.de/10011732717
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Boosting firm dynamism and performance in China
Molnár, Margit - 2017
With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining profitability, and intensifying competition from other, lower-cost emerging economies, corporate behaviour in China needs to change and focus more on efficiency and sustainability. This...
Persistent link: https://www.econbiz.de/10011732705
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Labour market resilience : the role of structural and macroeconomic policies
Hijzen, Alexander; Kappeler, Andreas; Pak, Mathilde; … - 2017
This paper provides an overview of labour market resilience in the wake of the Great Recession of 2008-09 and the role played by macroeconomic and structural policies. The OECD unemployment rate has returned to close to its pre-crisis level, but the unemployment cost of the Great Recession has...
Persistent link: https://www.econbiz.de/10011732702
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Ensuring fiscal sustainability in Japan in the context of a shrinking and ageing population
Jones, Randall Sidney; Fukawa, Kohei - 2017
With gross government debt of 219% of GDP in 2016, Japan’s fiscal situation is in uncharted territory and puts the … economy at risk. In addition to raising productivity and growth, Japan needs a more detailed and credible fiscal consolidation … the 2017 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/economic-survey-japan.htm) …
Persistent link: https://www.econbiz.de/10011732716
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Corporate governance and firm performance in China
Molnár, Margit; Wang, Baolin; Chen, Wenhao - 2017
A key priority in China’s “new normal” period -- where returns on investment are slackening -- is corporate governance, which could lead to enhanced productivity by a better management of resources at the firm level. Corporate governance principles for listed firms follow global best...
Persistent link: https://www.econbiz.de/10011732750