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Coping with the Inevitable Adjustment in the US Current Account
Jarrett, Peter - Economics Department, Organisation de Coopération et … - 2005
In recent years the US current account deficit has grown to the point that most observers consider its level to be already unsustainable. Yet it seems set to continue to increase in the foreseeable future, with net foreign debt likely to surge. This paper describes the present deficit from three...
Persistent link: https://www.econbiz.de/10005045671
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What Makes Mexicans Happy?
Dugain, Valéry; Olaberriá, Eduardo - Economics Department, Organisation de Coopération et … - 2015
The growing literature studying the determinants of subjective wellbeing find that Mexicans report, on average, levels of life satisfaction that are above what would be predicted by the available objective measures of well-being. This paradox raises the following question: Are the drivers of...
Persistent link: https://www.econbiz.de/10011277025
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Import Competition, Domestic Regulation and Firm-Level Productivity Growth in the OECD
Yahmed, Sarra Ben; Dougherty, Sean - Economics Department, Organisation de Coopération et … - 2012
This paper examines how import penetration affects firms' productivity growth taking into account the heterogeneity in firms' distance to the efficiency frontier and country differences in product market regulation. Using firm-level data for a large number of OECD countries, the analysis reveals...
Persistent link: https://www.econbiz.de/10011276805
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Trade Specialisation and Policies to Foster Competition and Innovation in Denmark
McGowan, Muge Adalet - Economics Department, Organisation de Coopération et … - 2014
. Fostering competition by removing regulatory barriers and improving public procurement would help. In addition, innovation … l'innovation au Danemark<BR>La productivité danoise n’a progressé que modérément au cours des deux dernières décennies … publics. En outre, les politiques d’innovation doivent gagner en efficacité et prendre davantage en compte l …
Persistent link: https://www.econbiz.de/10011276893
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An Analysis of Productivity Performance in Spain Before and During the Crisis: Exploring the Role of Institutions
Sanguinetti, Juan S. Mora; Fuentes, Andrés - Economics Department, Organisation de Coopération et … - 2012
institutions in deterring innovation, competition and the growth of successful firms. It argues that Spain needs to have a more … fortement progressé. Cette étude examine dans quelle mesure certains dispositifs institutionnels ont joué contre l’innovation …
Persistent link: https://www.econbiz.de/10011007423
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Towards a Better Understanding of the Informal Economy
Andrews, Dan; Sánchez, Aida Caldera; Johansson, Åsa - Economics Department, Organisation de Coopération et … - 2011
It is important to understand the nature and drivers of informality, as its social and economic consequences are wide-ranging. This paper critically reviews the current state of cross-country research on informality and discusses how existing data sources can be more effectively employed and...
Persistent link: https://www.econbiz.de/10009131543
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Refining Macroeconomic Policies to Sustain Growth in Brazil
Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2011
This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in a new environment in which population will age at a rapid pace, heavy reliance on oil resources will increase public revenue volatility and uncertainties regarding the external...
Persistent link: https://www.econbiz.de/10009350676
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International Capital Mobility and Financial Fragility - Part 2. The Demand for Safe Assets in Emerging Economies and Global Imbalances: New Empirical Evidence
Ahrend, Rudiger; Schwellnus, Cyrille - Economics Department, Organisation de Coopération et … - 2012
Mismatches between the supply and the demand of safe financial assets in fast-growing emerging countries have been singled out by economic theory as drivers of international capital flows and, ultimately, global current account imbalances. This paper assesses empirically the contribution of the...
Persistent link: https://www.econbiz.de/10009351418
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Spillover Effects from Exiting Highly Expansionary Monetary Policies
Rawdanowicz, Łukasz; Bouis, Romain; Brezillon, Jérôme; … - Economics Department, Organisation de Coopération et … - 2014
The prospective normalisation of monetary policies in the main OECD areas will be challenging given that current policy rates are likely to be significantly below neutral levels and that central bank balance sheets will be above the pre-crisis levels by a wide margin. Monetary policy...
Persistent link: https://www.econbiz.de/10011274979
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Public Debt, Economic Growth and Nonlinear Effects: Myth or Reality?
Égert, Balázs - Economics Department, Organisation de Coopération et … - 2012
The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt-to-GDP ratio higher than 90% of GDP is associated with considerably lower...
Persistent link: https://www.econbiz.de/10011276819