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The recovery from the current deep recession caused by the COVID-19 pandemic will require raising productivity through … competition, firms face weak incentives to become more productive. Sizeable shares of labour and capital are trapped in low-productivity … directed credit, but thanks to a successful policy reform that aligned directed lending rates with market rates, they are now …
Persistent link: https://www.econbiz.de/10012630141
Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...
Persistent link: https://www.econbiz.de/10009364448
Brazil spends around 15% of GDP on different social benefits, but within these expenditures, different benefits have different social impacts. While the small conditional cash transfer programme Bolsa Família is well-targeted to the poor and has a strong diminishing effect on inequality,...
Persistent link: https://www.econbiz.de/10012630308
This paper presents a framework to assess the impact of a wide range of structural policy reforms on GDP per capita at various horizons by linking together previous empirical studies mostly carried out by the OECD. The simple accounting framework consists of reduced-form equations and offers a...
Persistent link: https://www.econbiz.de/10012446167
to come increasingly from productivity gains, and resources will have to shift towards activities that rely more on …
Persistent link: https://www.econbiz.de/10011276855
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...
Persistent link: https://www.econbiz.de/10011098129
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to …
Persistent link: https://www.econbiz.de/10012444731
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to …
Persistent link: https://www.econbiz.de/10008462847
other public policies can narrow regional gaps in income, well-being and access to services, productivity growth is key to …, this paper documents the performance of Swedish large regions (TL2) on the main productivity drivers identified by the … high regional productivity, namely rail and road connectivity, knowledge-intensive employment and research and education …
Persistent link: https://www.econbiz.de/10012801203
leads to changes in incumbent firms’ productivity. We find that platform use increases labour productivity growth in firms … employment. What is more, productivity gains are greater for small firms and firms in the middle of the productivity distribution … in narrowing productivity gaps among firms. Finally, productivity gains are stronger in more dynamic platform markets …
Persistent link: https://www.econbiz.de/10012661010