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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

Regional differences in productivity in Sweden: Insights from OECD regions

André, Christophe - 2021

Regional inequality has increased in Sweden over the past decades, albeit from a low level. While redistribution and other public policies can narrow regional gaps in income, well-being and access to services, productivity growth is key to maintaining economic dynamism, creating job...

Persistent link: https://www.econbiz.de/10012801203

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

Ahrend, Rudiger - 2008

This paper 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/10012444893

Long-Run GDP Growth Framework and Scenarios for the World Economy

Duval, Romain - 2009

This paper develops and applies a simple “conditional growth” framework to make long-term GDP projections for the world economy, taking as a starting point recent empirical evidence about the importance of total factor productivity and human capital in explaining current cross-country...

Persistent link: https://www.econbiz.de/10012443085

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

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