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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

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

Product Market Regulation: Extending the Analysis Beyond OECD Countries

Wölfl, Anita; Wanner, Isabelle; Röhn, Oliver; … - Economics Department, Organisation de Coopération et … - 2010

In this paper the recently updated product market regulation (PMR) indicators are extended to a larger set of countries including several non-OECD members. It investigates regulatory patterns in this extended set of countries as compared to the OECD countries and analyses the link between...

Persistent link: https://www.econbiz.de/10008672223

Reducing Macroeconomic Imbalances in Turkey

Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; Coşar, … - Economics Department, Organisation de Coopération et … - 2014

Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...

Persistent link: https://www.econbiz.de/10011277023

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

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

Policy Frameworks in the Post-Crisis Environment

Pain, Nigel; Röhn, Oliver - Economics Department, Organisation de Coopération et … - 2011

The financial crisis revealed flaws in pre-crisis policy frameworks. Particular gaps included the failure of monetary and financial policies to incorporate fully the implications of the rapid pro-cyclical growth in financial leverage and risk-taking, especially across national borders, and the...

Persistent link: https://www.econbiz.de/10009003058