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Finnish municipalities enjoy ample fiscal autonomy and provide or arrange the provision of a large share of public services. In recent years, their spending and debt has been increasing steadily, especially because of population ageing and increases in the cost of health care and social...
Persistent link: https://www.econbiz.de/10011276871
decentralisation fosters social capital, measured in terms of interpersonal trust. Empirical evidence based on World Values Survey data … complemented by country-specific regressions for Brazil and Indonesia on account of these countries. experiences with fiscal … decentralisation. The results show that the cohorts of individuals that have been exposed to decentralisation are in general more pro …
Persistent link: https://www.econbiz.de/10008764470
Well functioning judiciaries are key to economic development. Combining existing information with a newly collected dataset, the paper provides cross-country comparisons of measures of judicial performance, and investigates how cross-country differences in trial length are related to the...
Persistent link: https://www.econbiz.de/10011276726
Combining existing information with a newly collected dataset, the paper develops indicators of the performance and the institutional characteristics of OECD judicial systems. It provides cross-country comparisons of measures of trial length, accessibility to justice services and predictability...
Persistent link: https://www.econbiz.de/10011276872
This report 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/10011276725
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
Poland’s productivity has grown strongly over the past decade, and efforts to reduce the regulatory burden have been significant. Despite impressive progress, product market regulation remains more burdensome than in most OECD countries, partly due to the importance of red tape and the level...
Persistent link: https://www.econbiz.de/10011276785
The decline in macroeconomic volatility from the 1980s to the onset of the Great Recession did not, in general, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as creative destruction and re-allocation of resources,...
Persistent link: https://www.econbiz.de/10011276850
As its workforce ages and major economies shift towards producing higher value-added goods and services, New Zealand will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need to come increasingly from productivity gains, and...
Persistent link: https://www.econbiz.de/10011276855
This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy’s speed of...
Persistent link: https://www.econbiz.de/10011276858