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Is There Convergence of Russia's Regions?: Exploring the Empirical Evidence: 1995–2010

Lehmann, Hartmut; Silvagni, Maria Giulia - Economics Department, Organisation de Coopération et … - 2013

This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …

Persistent link: https://www.econbiz.de/10011276828

China's March to Prosperity: Reforms to Avoid the Middle-income Trap

Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Persistent link: https://www.econbiz.de/10011277005

Looking to 2060: Long-Term Global Growth Prospects: A Going for Growth Report

Johansson, Åsa; Guillemette, Yvan; Murtin, Fabrice; … - Economics Department, Organisation de Coopération et … - 2012

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

Long-Term Growth Scenarios

Johansson, Åsa; Guillemette, Yvan; Murtin, Fabrice; … - Economics Department, Organisation de Coopération et … - 2013

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

Empirical Evidence on the Effects of Environmental Policy Stringency on Productivity Growth

Albrizio, Silvia; Koźluk, Tomasz; Zipperer, Vera - Economics Department, Organisation de Coopération et … - 2014

This paper investigates the impact of changes in the stringency of environmental policies on productivity growth in OECD countries. Using a new environmental policy stringency (EPS) index, it estimates a reduced-form model of multi-factor productivity growth, where the effect of countries'...

Persistent link: https://www.econbiz.de/10011276794

Secular Stagnation: Evidence and Implications for Economic Policy

Rawdanowicz, Łukasz; Bouis, Romain; Inaba, Kei-Ichiro; … - Economics Department, Organisation de Coopération et … - 2014

This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing...

Persistent link: https://www.econbiz.de/10011276801

Do Environmental Policies Matter for Productivity Growth?: Insights from New Cross-Country Measures of Environmental Policies

Albrizio, Silvia; Botta, Enrico; Koźluk, Tomasz; … - Economics Department, Organisation de Coopération et … - 2014

Environmental policies address wellbeing and sustainability objectives, affecting firm and household behaviour. A newly developed, cross-country composite proxy of environmental policy stringency (EPS) shows that stringency has been increasing across OECD countries over the past two decades....

Persistent link: https://www.econbiz.de/10011276849

Policies to support sustainable long-term growth in New Zealand

Cheung, Calista - Economics Department, Organisation de Coopération et … - 2013

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

Managerial Capital and Business R&D as Enablers of Productivity Convergence

Andrews, Dan; Westmore, Ben - Economics Department, Organisation de Coopération et … - 2014

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 convergence to its long-run steady state level of MFP is an increasing function … and carefully-designed innovation policies.<P>Capital managérial et R-D des entreprises, moteurs de la convergence de la …

Persistent link: https://www.econbiz.de/10011276858

Environmental Policies and Productivity Growth: A Critical Review of Empirical Findings

Koźluk, Tomasz; Zipperer, Vera - Economics Department, Organisation de Coopération et … - 2013

The economic effects of environmental policies are of central interest to policymakers. The traditional approach sees environmental policies as a burden on economic activity, at least in the short to medium term, as they raise costs without increasing output and restrict the set of production...

Persistent link: https://www.econbiz.de/10011276877