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Summary of a Workshop on Global Convergence Scenarios: Structural and Policy Issues
Vanston, Nick - Economics Department, Organisation de Coopération et … - 2006
-country convergence of per capita GDP, to what extent they operate in practice, and the implications for policies, including those …
Persistent link: https://www.econbiz.de/10005046090
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Long-Term Growth Scenarios
Johansson, Åsa; Guillemette, Yvan; Murtin, Fabrice; … - Economics Department, Organisation de Coopération et … - 2013
This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...
Persistent link: https://www.econbiz.de/10011276784
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Structural Reforms to Boost Turkey's Long-Term Growth
Gönenç, Rauf; Röhn, Oliver; Koen, Vincent; Saygili, … - Economics Department, Organisation de Coopération et … - 2012
Turkey can achieve strong sustainable growth and job creation but further reforms in the labour market, education and product markets are required for such gains to materialise. In recent years, growth has been largely driven by the industrial catch-up of Anatolian regions, although the Marmara...
Persistent link: https://www.econbiz.de/10011276807
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Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries
Arnold, Jens; Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2007
convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …
Persistent link: https://www.econbiz.de/10005045653
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Does Human Capital Matter for Growth in OECD Countries?: Evidence from Pooled Mean-Group Estimates
Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2001
convergence to the steady state of around 15 per cent per year. Taken together these results are not consistent with the human … une vitesse de convergence vers l’équilibre à long terme de 15 pour cent par an en moyenne. Dans leur ensemble, ces …
Persistent link: https://www.econbiz.de/10005045945
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Long-Run GDP Growth Framework and Scenarios for the World Economy
Duval, Romain; Maisonneuve, Christine de la - Economics Department, Organisation de Coopération et … - 2009
<BR>Cet article développe et applique un cadre d’analyse simple fondé sur la « convergence conditionnelle » pour produire des …
Persistent link: https://www.econbiz.de/10005046027
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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
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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
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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
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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