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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/10009696098
Poland’s productivity has grown strongly over the past decade, and efforts to reduce the regulatory burden have been significant. Despite impressive progress, product market regulation remains more burdensome than in most OECD countries, partly due to the importance of red tape and the level...
Persistent link: https://www.econbiz.de/10010375394
Portugal’s export performance over the past decade has been impressive, helping to reduce external imbalances. This partly owed to a sequence of structural reforms that benefited the productivity of the export sector and led to an increase in its size. Nonetheless, exports as a share of GDP...
Persistent link: https://www.econbiz.de/10012111061
by the adoption of a large stock of unexploited existing technologies. However, the slowdown in productivity growth over … investments in knowledge based capital, including managerial capital and R&D. Productivity growth, via more effective learning … spillovers from the global productivity frontier, and consequently, productivity growth. …
Persistent link: https://www.econbiz.de/10011399544
Over the past decade, France has substantially eased the burden of anti-competitive regulations and effectively enforced competition law against anti-competitive practices. Various sectors have been opened up more widely to competition, and the powers of the Competition Authority have been...
Persistent link: https://www.econbiz.de/10011399704
Intergovernmental fiscal frameworks usually reflect fundamental societal choices and history and are not foremost geared towards achieving economic policy objectives. Yet, like most institutional arrangements, fiscal relations affect the behaviour of firms, households and governments and thereby...
Persistent link: https://www.econbiz.de/10009767747
will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need … rate, which potentially harm economic activity. To improve the sustainability of growth, revenues from non …
Persistent link: https://www.econbiz.de/10009769652
, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as … creative destruction and re-allocation of resources, consumption growth volatility weighs on households’ welfare. This study …
Persistent link: https://www.econbiz.de/10010374408
productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition … enabling factors are examined in the context of a scenario, whereby MFP growth at the technological frontier is ½ percentage … significantly more from higher frontier growth than could be expected based on their trade openness alone. In turn, evidence on the …
Persistent link: https://www.econbiz.de/10010465017
productivity growth and environmental and health outcomes. The EU 2014-20 programming period is an opportunity to improve the …
Persistent link: https://www.econbiz.de/10011577776