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rate of investment in public-sector infrastructure. Using data for eleven OECD countries, this note provides only mixed … significant effect of infrastructure on TFP in about half the countries. A longer-term perspective was also examined for the … between infrastructure and TFP until after World War II ... …
Persistent link: https://www.econbiz.de/10012444041
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … the links between infrastructure and growth and the role of public policies, reports the results on the links with growth … from a variety of econometric approaches. Time-series results reveal a positive impact of infrastructure investment on …
Persistent link: https://www.econbiz.de/10012446377
In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation...
Persistent link: https://www.econbiz.de/10012443921
In this paper we present an international comparison of growth trends in the OECD countries, with a special attention to developments in labour productivity - allowing for human capital accumulation – and multifactor productivity (MFP) - allowing for changes in the composition of fixed...
Persistent link: https://www.econbiz.de/10012443928
Clean air, clean water, fewer toxic emissions and less household waste are among the key environmental policy objectives that most OECD governments have been pursuing over the past three decades. This effort to take more account of the environmental costs of economic growth has been pursued in a...
Persistent link: https://www.econbiz.de/10012444157
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....
Persistent link: https://www.econbiz.de/10012444188
This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries over the period 1971-98. It uses an improved dataset on human capital and a novel econometric technique that reconciles growth model assumptions with the needs of panel data...
Persistent link: https://www.econbiz.de/10012444192
This paper assesses the impact on economic growth of increased efficiency of public spending in primary and lower-secondary education. Higher efficiency in public spending in schools can bolster growth through two main channels. On the one hand, it can allow a transfer of labour from the public...
Persistent link: https://www.econbiz.de/10012444402
This paper was prepared in the OECD Economics Department as a contribution to the Organisation-wide study entitled, “Towards a New Global Age”. It examines macro-structural economic developments in and between OECD and non-OECD economies, the economic linkages and a number of structural...
Persistent link: https://www.econbiz.de/10012444595
One commonly held view about the difference between continental European countries and other OECD countries, especially the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in several sectors of many OECD countries, we provide...
Persistent link: https://www.econbiz.de/10012444698