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regulation and labour market rigidity seems particularly substantial …
Persistent link: https://www.econbiz.de/10013316704
regulation and labour market rigidity seems particularly substantial. …
Persistent link: https://www.econbiz.de/10004979467
The McKinsey Global Institute (MGI) is a think tank based in Washington, D.C. founded in 1990 with the objective of analyzing international productivity levels from both economic and management perspectives. MGI uses microeconomic analysis on a sector-by-sector level to study the effects that...
Persistent link: https://www.econbiz.de/10005650219
regulation and labour market rigidity seems particularly substantial …
Persistent link: https://www.econbiz.de/10013138191
GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average....
Persistent link: https://www.econbiz.de/10011577800
Income and earning inequality has been on the rise in most of the OECD and in many emerging economies since the 1980s. This paper estimates a model of earnings inequality across OECD countries that incorporates determinants of relative demand and supply of more and less-skilled labour. Drawing...
Persistent link: https://www.econbiz.de/10010465013
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government...
Persistent link: https://www.econbiz.de/10012444204
The establishment of competitive markets has been one of the cornerstones Hungarian economic policy over the past decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of endemically weak domestic competition, though the country’s...
Persistent link: https://www.econbiz.de/10012444274
necessary for employment. Occupational regulation is usually justified by the need to protect an uninformed public from … incompetent or unscrupulous practitioners. However, regulation has increased when consumer information has been expanding rapidly … is a market failure in the provision of skills, which leads to lower productivity. But increased regulation has not …
Persistent link: https://www.econbiz.de/10013224279
study (1977), experienced partial deregulation during the period and still faced various types of regulation at the end … (2003). Deregulation also occurred in the United States, but regulation has generally been less restrictive there over most …
Persistent link: https://www.econbiz.de/10013154078