This Selected Issues paper attempts to analyze the end-point problem and improve the quality of potential GDP estimates for Germany. It projects that Germany’s potential GDP growth will slow over the coming decade, mainly because of declining labor input. The paper focuses on a long-term...

This Selected Issues paper on Morocco analyzes Morocco’s growth performance over the past thirty-five years with a special focus on the more recent past. The paper presents stylized trends in growth; it first puts the overall growth performance of Morocco in an international perspective,...

This Selected Issues paper and Statistical Appendix investigates the sources of growth in the Democratic Republic of the Congo (DRC) and evaluates the relative importance of productivity growth and factor accumulation. The analysis is extended to the key sectors of the economy: agriculture,...

This Selected Issues paper analyzes the underlying sources of growth in Uganda, suggesting that the contribution to growth from total factor productivity has been minor, while the high population growth poses a significant challenge to sustain a rapid improvement in living standards. The paper...

This Selected Issues paper conducts a comparative analysis of the main determinants of GDP per capita growth in New Zealand and in other OECD countries to assess the relative importance of macroeconomic factors, institutional settings, and geographical location in New Zealand’s growth...

This paper investigates the determinants of trend growth and total factor productivity (TFP) growth in the Netherlands, and underscores the importance of boosting structural reforms in the Netherlands. It examines the fiscal incentives and tax deductibility. The paper summarizes recent...

Portugal’s economy is in deep recession, and the crisis has opened up a large output gap, with severe consequences for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights on how deep the output gap is. It also highlights...

This Technical Assistance report presents an evaluation of improved Green Tax Options for Chile. Consistent with its emission reduction ambitions, Chile has developed multiple climate policies. While Chile has made important progress to align policies with climate commitments, additional...

This Technical Assistance report identifies tax policy reform options to stop the drain on Lebanon's tax revenue in the immediate and near terms and to move toward a more efficient, effective, and inclusive tax system in the medium term. Lebanon entered the economic crisis already with one of...

This technical assistance report on the Republic of Armenia discusses personal tax policy and presents the policy review and introduction of a universal declaration. Costly and regressive tax incentives should be repealed. A Universal Personal Income Tax (PIT) Declaration makes it possible to...