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Demographic structure and macroeconomic trends

Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2016

The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....

Persistent link: https://www.econbiz.de/10011457979

Ageing and productivity growth : are there macro-level cohort effects of human capital?

Werding, Martin (contributor) - 2008

Persistent link: https://www.econbiz.de/10003630859

Technological growth and hours in the long run : theory and evidence

Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik H. - 2021

Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...

Persistent link: https://www.econbiz.de/10012546895

The impact of product and labour market reform on growth : evidence for OECD countries based on local projections

Haan, Jakob de; Wiese, Rasmus - 2020

This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...

Persistent link: https://www.econbiz.de/10012238489

The contribution of human capital and its policies to per capita income in Europe and the OECD

Égert, Balázs; Botev, Jarmila; Turner, David - 2020

This paper studies empirically the effect of education policies on human capital and per capita income. The results suggest for European and OECD countries that higher attendance at pre-primary education, greater autonomy of schools and universities, a lower student-to-teacher ratio, higher age...

Persistent link: https://www.econbiz.de/10012388211

Consolidating the Covid debt

Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021

One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...

Persistent link: https://www.econbiz.de/10012796971

Regulation, institutions and aggregate investment : new evidence from OECD countries

Égert, Balázs - 2017

This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of 32 OECD countries from 1985 to 2013, we show that more stringent product and labour market regulations are associated with less investment (lower capital stock). The paper also...

Persistent link: https://www.econbiz.de/10011638226

Structural change and productivity growth in Europe : past, present and future

Duernecker, Georg; Sanchez-Martinez, Miguel - 2021

This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …

Persistent link: https://www.econbiz.de/10012625868

Structural reforms, growth and inequality : an overview of theory, measurement and evidence

Campos, Nauro; De Grauwe, Paul; Ji, Yuemei - 2017

This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...

Persistent link: https://www.econbiz.de/10011780603

What actually happens to EU directives in the member states? : A cross-country cross-sector view on national transposition instruments

Treutlein, Daniela (contributor) - 2007

Persistent link: https://www.econbiz.de/10003599283

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