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Options for Benchmarking Infrastructure Performance

Pisu, Mauro; Hoeller, Peter; Joumard, Isabelle - Economics Department, Organisation de Coopération et … - 2012

Three main approaches can be used to assess infrastructure performance. The first employs macro-econometric techniques to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth-maximising level. This approach neglects the impact of infrastructure on...

Persistent link: https://www.econbiz.de/10011276968

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

Enhancing the Effectiveness of Public Spending: Experience in OECD Countries

Joumard, Isabelle; Kongsrud, Per Mathis; Nam, Young-Sook; … - Economics Department, Organisation de Coopération et … - 2004

In most OECD countries, public spending rose steadily as a share of GDP over the past decades to the mid-1990s, but this trend has since abated. The spending pressures stemming from the continued expansion of social programmes have been partly compensated by transient or one-off factors....

Persistent link: https://www.econbiz.de/10005045600

Tax Systems in European Union Countries

Joumard, Isabelle - Economics Department, Organisation de Coopération et … - 2001

The tax-to-GDP ratio rose steadily in most EU countries up to the late 1990s, largely reflecting a sustained expansion of public sector commitments to welfare provision. Since the late 1990s, many EU countries have cut tax rates. However, the tax burden in the EU area remains much higher than in...

Persistent link: https://www.econbiz.de/10005045694

Enhancing the Effectiveness of Public Spending in Switzerland

Joumard, Isabelle; Giorno, Claude - Economics Department, Organisation de Coopération et … - 2002

Switzerland is a highly decentralised country with large spending and revenue-raising powers devolved to cantons and municipalities. The federal system, in combination with an extensive use of direct democracy, has contributed to keep public spending at a relatively low level in international...

Persistent link: https://www.econbiz.de/10005045784

Enhancing the Effectiveness of Public Spending in Norway

Joumard, Isabelle; Suyker, Wim - Economics Department, Organisation de Coopération et … - 2002

Public spending is very high in Norway, partly reflecting an extensive coverage of the welfare system and ambitious regional development objectives. Moreover, several institutional features contribute to dampening the cost-effectiveness of many public-spending programmes. Abundant oil revenues...

Persistent link: https://www.econbiz.de/10005045873

Strategies for Countries with Favourable Fiscal Positions

Price, Robert W.R.; Joumard, Isabelle; André, Christophe; … - Economics Department, Organisation de Coopération et … - 2008

The financial crisis and economic downturn are going to weigh on fiscal positions in OECD countries over the short to medium-term, both through the operation of automatic stabilisers and the enactment of discretionary fiscal stimulus packages. However, the strategic policy options facing OECD...

Persistent link: https://www.econbiz.de/10005045983

Do Corporate Taxes Reduce Productivity and Investment at the Firm Level?: Cross-Country Evidence from the Amadeus Dataset

Schwellnus, Cyrille; Arnold, Jens - Economics Department, Organisation de Coopération et … - 2008

This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with...

Persistent link: https://www.econbiz.de/10005046045

Fiscal Relations across Government Levels

Joumard, Isabelle; Kongsrud, Per Mathis - Economics Department, Organisation de Coopération et … - 2003

Despite its apparent advantages, devolution of fiscal responsibilities has not proceeded evenly over the past two decades. Decentralisation can strengthen the democratic process, allow governments to tailor the supply of public goods to local preferences and introduce some competition across...

Persistent link: https://www.econbiz.de/10005046101

Do Tax Structures Affect Aggregate Economic Growth?: Empirical Evidence from a Panel of OECD Countries

Arnold, Jens - Economics Department, Organisation de Coopération et … - 2008

This paper examines the relationship between tax structures and economic growth by entering indicators of the tax structure into a set of panel growth regressions for 21 OECD countries, in which both the accumulation of physical and human capital are accounted for. The results of the analysis...

Persistent link: https://www.econbiz.de/10005046159