Showing 1 - 10 of 11
The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the...
Persistent link: https://www.econbiz.de/10012445971
The impressive emergence of China’s economy is set to lose some momentum as the country catches up with more advanced … economies and its rapid ageing also weighs on it. However, China can still reap the “reform dividend”, especially with measures … can potentially bring about significant productivity gains. China has been lowering the burden on start-ups and …
Persistent link: https://www.econbiz.de/10013278668
The recovery from the current deep recession caused by the COVID-19 pandemic will require raising productivity through structural reforms. This implies a number of challenges for economic policies. With large parts of the economy shielded from competition, firms face weak incentives to become...
Persistent link: https://www.econbiz.de/10012630141
It has been argued that one solution to global current account imbalances is for countries with current account surpluses to undertake structural reforms. This would raise their potential growth, which is assumed to put downward pressure on the current account position. This paper takes a closer...
Persistent link: https://www.econbiz.de/10012443045
This paper was prepared in the OECD Economics Department as a contribution to the Organisation-wide study entitled, “Towards a New Global Age”. It examines macro-structural economic developments in and between OECD and non-OECD economies, the economic linkages and a number of structural...
Persistent link: https://www.econbiz.de/10012444595
Slovakia’s fundamental tax reform of 2004 considerably improved the simplicity and efficiency of the tax system by eliminating exemptions and special regimes and setting the rates for the personal income tax (PIT), the corporate income tax (CIT) and the value added tax (VAT) all equal to 19%....
Persistent link: https://www.econbiz.de/10012444868
Structural reforms in labour and product markets are required in a number of euro-area countries. A question in this regard, which is the topic of this paper, is whether belonging to the euro area tends to help or hinder structural reform. The paper first reviews the theoretical arguments and...
Persistent link: https://www.econbiz.de/10012445178
This paper presents a framework to assess the impact of a wide range of structural policy reforms on GDP per capita at various horizons by linking together previous empirical studies mostly carried out by the OECD. The simple accounting framework consists of reduced-form equations and offers a...
Persistent link: https://www.econbiz.de/10012446167
The potential growth rate of the economy has been low for a long time and the crisis has had a further adverse impact. The meagre growth performance mainly reflects low growth in a number of services sectors; most manufacturing sectors, by contrast, expanded at a rapid pace in the years...
Persistent link: https://www.econbiz.de/10012446373
The gas industry is perhaps Russia’s least reformed major sector. Prices are regulated, exports are monopolised and the domestic market is dominated by a state-controlled, vertically integrated monopolist, OAO Gazprom. Gazprom combines commercial and regulatory functions, and maintains tight...
Persistent link: https://www.econbiz.de/10012446623