Showing 1 - 10 of 199
This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the … finding is that growth of the non-OECD G20 countries will continue to outpace OECD countries, but the difference will narrow … the absence of ambitious policy changes, global imbalances will emerge which could undermine growth. However, ambitious …
Persistent link: https://www.econbiz.de/10011276784
in these areas might also have contributed to as much as half of GDP per capita growth in OECD countries in the decade …
Persistent link: https://www.econbiz.de/10008799710
In this paper, we test whether the growth experience of a sample of OECD countries over the past three decades is more … consistent with the human-capital augmented Solow model of exogenous growth, or with an endogenous growth model à la Uzawa … implied by these two models to discriminate between them. Using pooled crosscountry time-series data, we specify our growth …
Persistent link: https://www.econbiz.de/10005045653
This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries … growth model assumptions with the needs of panel data regressions. Unlike several previous studies, our results point to a … positive and significant impact of human capital accumulation to output per capita growth. The estimated long-run effect on …
Persistent link: https://www.econbiz.de/10005045945
will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need … to come increasingly from productivity gains, and resources will have to shift towards activities that rely more on … rate, which potentially harm economic activity. To improve the sustainability of growth, revenues from non …
Persistent link: https://www.econbiz.de/10011276855
factor productivity and population growth assumptions is significant, however, and compounds with deeper sources of …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 …
Persistent link: https://www.econbiz.de/10005046027
This paper provides a summary of an OECD workshop on the causes of economic growth, held 6-7 July 2000. The topics … covered include the recent growth resurgence in the United States, the potential importance of ICT and the Internet, and the … part played by continual reallocation and restructuring. The paper also discusses the growth role of education …
Persistent link: https://www.econbiz.de/10005046099
This paper examines the relationship between tax structures and economic growth by entering indicators of the tax … structure into a set of panel growth regressions for 21 OECD countries, in which both the accumulation of physical and human … growth than taxes on consumption and property. More precisely, the findings allow the establishment of a ranking of tax …
Persistent link: https://www.econbiz.de/10005046159
In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis … investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth …
Persistent link: https://www.econbiz.de/10009191040
In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income … disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the … long-run impact of structural reforms on GDP per capita and household income distribution. Pro-growth reforms can be …
Persistent link: https://www.econbiz.de/10011098129