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Fostering a Creative Economy to Drive Korean Growth

Jones, Randall S.; Kim, Myungkyoo - Economics Department, Organisation de Coopération et … - 2014

A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level. The returns from Korea’s large...

Persistent link: https://www.econbiz.de/10011276809

Promoting the Financing of SMEs and Start-ups in Korea

Jones, Randall S.; Kim, Myungkyoo - Economics Department, Organisation de Coopération et … - 2014

The Korean government has made fostering a “creative economy” a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of...

Persistent link: https://www.econbiz.de/10011277007

Can India Achieve Double-digit growth ?

Herd, Richard; Conway, Paul; Hill, Sam; Koen, Vincent; … - Economics Department, Organisation de Coopération et … - 2011

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries. Prudent macroeconomic policies will be critical to prolonging the current expansion, given the risks associated with high inflation and volatile...

Persistent link: https://www.econbiz.de/10009191040

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

Challenges and Opportunities of India's Manufacturing Sector

Joumard, Isabelle; Sila, Urban; Morgavi, Hermes - Economics Department, Organisation de Coopération et … - 2015

The manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been in the informal sector, where workers are not...

Persistent link: https://www.econbiz.de/10011276811

Cross-Country Spillovers from Fiscal Consolidations

Goujard, Antoine - Economics Department, Organisation de Coopération et … - 2013

In many OECD countries, government debt reached levels over recent years that call for reduction over the medium to longer term to ensure public finance sustainability. This paper investigates the international transmission of fiscal consolidation shocks via trade flows. Using a measure of...

Persistent link: https://www.econbiz.de/10011269144

The Declining Competitiveness of French Firms Reflects a Generalised Supply-Side Problem

Boulhol, Hervé; Sicari, Patrizio - Economics Department, Organisation de Coopération et … - 2014

This short paper analyses the decline of France’s trade balance over the past 15 years. While the loss in export market shares is comparable to that of the major OECD countries except Germany, it is one of the largest among the countries of the euro area. The determinants of this outcome seem...

Persistent link: https://www.econbiz.de/10011276887

Implications of Output Gap Uncertainty in Times of Crisis

Bouis, Romain; Cournède, Boris; Christensen, Ane Kathrine - Economics Department, Organisation de Coopération et … - 2012

This paper analyses the monetary and fiscal policy implications of output gap estimates in times of crisis. The widening of output gaps observed in major OECD economies in the wake of the recent crisis has been mainly due to total factor productivity gaps, except in the United States where it...

Persistent link: https://www.econbiz.de/10011276902

Public Policy and Resource Allocation: Evidence from Firms in OECD Countries

Andrews, Dan; Cingano, Federico - Economics Department, Organisation de Coopération et … - 2012

The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we examine the extent to which regulations affecting...

Persistent link: https://www.econbiz.de/10011276926

Trade Patterns in the 2060 World Economy

Château, Jean; Fontagné, Lionel; Fouré, Jean; … - Economics Department, Organisation de Coopération et … - 2014

-OECD regions reflecting faster growth in non-OECD countries. The relative importance of different regions in specific export … les 50 prochaines années de la zone de l’OCDE vers des régions hors OCDE dont la croissance plus rapide est ainsi mise en … évidence. L’importance relative des régions sur les différents marchés à l’exportation devrait évoluer considérablement dans le …

Persistent link: https://www.econbiz.de/10011276954