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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

Enhancing Income Convergence in Central Europe after EU Accession

Lenain, Patrick; Rawdanowicz, Łukasz - Economics Department, Organisation de Coopération et … - 2004

. Although convergence towards higher levels of income appears to be a distant prospect at current trend growth rates, this is … in this respect. While ... Renforcer la convergence des revenus en Europe Centrale après les adhesions à l … leur ont été très profitables. Même si la convergence vers des niveaux de revenu plus élevés semble une perspective …

Persistent link: https://www.econbiz.de/10005045850

Economic Development and Growth in the World Economy

Castro, Rui - In: Review of Economic Dynamics 8 (2005) 1, pp. 195-230

This paper investigates whether technological shocks, constructed to be consistent with the observed cross-country income dispersion, are also capable of accounting for development regularities related to capital accumulation. This question is approached via a quantitative theoretical analysis...

Persistent link: https://www.econbiz.de/10005069714

Infrastructure and Growth: Empirical Evidence

Égert, Balázs; Koźluk, Tomasz; Sutherland, Douglas - Economics Department, Organisation de Coopération et … - 2009

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities and...

Persistent link: https://www.econbiz.de/10005046058

India's Mysterious Manufacturing Miracle

Bollard, Albert; Klenow, Peter; Sharma, Gunjam - In: Review of Economic Dynamics 16 (2013) 1, pp. 59-85

Using data on formal manufacturing plants in India, we report a large but imprecise speedup in productivity growth starting in the early 1990s (e.g., 1993-2007 compared to 1980-1992). We trace it to productivity growth within large plants (200 workers or more), as opposed to reallocation across...

Persistent link: https://www.econbiz.de/10010600532

Understanding Russian Regions' Economic Performance during Periods of Decline and Growth: An Extreme-bound Analysis Approach

Ahrend, Rudiger - Economics Department, Organisation de Coopération et … - 2008

This article uses “extreme-bound”-type analysis to revisit the determinants behind widely differing economic growth in Russian regions. Using data of 77 regions for 1993-2004, it separately examines the growth drivers for the phase of economic decline up to 1998, and for the period of strong...

Persistent link: https://www.econbiz.de/10005049020

Constraints and demands on public finances: Considerations of resilient fiscal policy

Rawdanowicz, Łukasz - 2021

Over the past several decades, public debt has increased substantially in many OECD countries, particularly in the aftermath of recessions. The extent of this increase and the resulting debt levels varied across countries, partly reflecting differences in average budget balances. Despite rising...

Persistent link: https://www.econbiz.de/10012801149

Nothing Ventured, Nothing Gained : The Long-Run Fiscal Reward of Structural Reforms

Hoeller, Peter - 2006

The recent reform of the Stability and Growth Pact provides more leeway for EU governments to temporarily breach the 3% deficit limit if this facilitates the implementation of initially expensive reforms. But the implementation of this principle is not obvious as budgets would need to specify...

Persistent link: https://www.econbiz.de/10012442916

Short-Term Pain for Long-Term Gain : The Impact of Structural Reform on Fiscal of Outcomes in EMU

van den Noord, Paul - 2006

The 2005 reform of the EU Stability and Growth Pact has provided leeway for governments to let their fiscal deficit temporarily breach the 3% rule to finance the immediate budgetary cost of structural reform, such as compensation schemes to offset redistributive effects. Against this backdrop,...

Persistent link: https://www.econbiz.de/10012443961

The Fiscal Challenge in Portugal

Guichard, Stéphanie - 2006

Portugal’s fiscal policy has failed to durably reduce the deficit below the Stability and Growth Pact threshold of 3% of GDP and was submitted to the excessive deficit procedure of the EU Commission for a second time in 2005. The paper describes fiscal developments in Portugal over the past...

Persistent link: https://www.econbiz.de/10012444186