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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....
Persistent link: https://www.econbiz.de/10005046099
This paper investigates the effect of product market regulations on the international diffusion of productivity shocks. The empirical results indicate that restrictive product market regulations slow the process of adjustment through which best practice production techniques diffuse across...
Persistent link: https://www.econbiz.de/10005046117
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 capital are accounted for. The results of the analysis...
Persistent link: https://www.econbiz.de/10005046159
Social safety nets protect citizens against hardship. By offering compensation, social safety nets may help overcome the political resistance to trade liberalisation and structural reform, but they can also weaken the incentives to work and save. Depending on their design, safety nets may also...
Persistent link: https://www.econbiz.de/10005046192
This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of cross-country time-series regressions. The econometric approach allows short-term adjustments and convergence speeds to vary across countries, imposing restrictions only on the...
Persistent link: https://www.econbiz.de/10005046257
As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence. To better cope with the risk of a too rapid pick up of wages during the convergence process on the one hand and to raise the adjustment potential of the economy to macroeconomic shocks on...
Persistent link: https://www.econbiz.de/10005046269
In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...
Persistent link: https://www.econbiz.de/10005049015
This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical...
Persistent link: https://www.econbiz.de/10005049024
education, infrastructure, financial development, the rule of law, as well as a lack of competition come out in various studies … pay-offs such as improving competitiveness and infrastructure could yield double benefits in supporting the recovery from …-related infrastructure.<P>Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la …
Persistent link: https://www.econbiz.de/10008498021
As it takes time and effort to learn how to fully utilise new technology and realise its maximum potential productivity gain, adoption of new technology tends to reduce productivity temporarily, even though the potential productivity gain in the long run outweighs this short run loss. This paper...
Persistent link: https://www.econbiz.de/10008854279