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This note is on Korea’s transition to a knowledge-based economy, the prospects and challenges ahead, and the development of its financial sector. Assessment of recent government initiatives to develop capital markets has been presented. The note discusses restrictions on Chaebol ownership...
Persistent link: https://www.econbiz.de/10011243724
-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill … is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging …. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment … principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on …
Persistent link: https://www.econbiz.de/10014410536
Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...
Persistent link: https://www.econbiz.de/10014407227
The Netherlands is an AAA euro area (EA) economy with significant private sector imbalances. The main policy challenge …
Persistent link: https://www.econbiz.de/10011245753
The government’s plans to reform the tax system and administration are well founded. The Central Bank of Aruba is to be commended for its prudent management of monetary policy, as demonstrated by the continued credibility and strength of the peg to the U.S. dollar, buttressed by a robust...
Persistent link: https://www.econbiz.de/10014407436
The report on the Netherlands on the Observance of Standards and Codes discusses the fiscal transparency module and the …, clearly defined and, in many areas, the Netherlands sets best practice standards. The basic principles of the trend …
Persistent link: https://www.econbiz.de/10014405762
This paper describes economic developments in the Kingdom of the Netherlands during the 1990s. Following a slowdown in …
Persistent link: https://www.econbiz.de/10014397966
This paper analyzes whether the lower increase in wages was a factor in the labor productivity and employment … developments in the Netherlands. It argues that there is indeed such a link: rapid wage growth leads to a substitution of capital … and, for the same output growth, results in a better employment performance. The paper also discusses the causes of the …
Persistent link: https://www.econbiz.de/10014397975
The Netherlands Authority for Financial Markets (AFM) has developed a robust supervisory framework, which exhibits high …
Persistent link: https://www.econbiz.de/10014398552