Showing 1 - 10 of 1,331
labour market mismatches. Investment rates have been rising rapidly in recent years, and foreign direct investment has been … found to have a positive impact on total investment. Investment in human capital is still at a relatively low level compared …
Persistent link: https://www.econbiz.de/10011641211
consequence of sustained low multi-factor productivity growth within industries, as well as weak investment. Economic geography is …, removing barriers to fixed capital investment (including taxation), accessing benefits from agglomeration by improving urban … planning and infrastructure provision, enhancing competition and increasing investment in innovation and intangibles. This …
Persistent link: https://www.econbiz.de/10011732737
This paper provides an assessment of Russia's long-term growth prospects. In particular, it addresses the question of the medium- and long-term sustainability of the country's currently high growth rates. Starting from the notion that Russia's fast economic expansion in recent years has...
Persistent link: https://www.econbiz.de/10011638181
investment, and address the adverse impact of population ageing. …
Persistent link: https://www.econbiz.de/10011877426
This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition to trade openness, an economy’s speed of...
Persistent link: https://www.econbiz.de/10010465017
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10011755500
As its workforce ages and major economies shift towards producing higher value-added goods and services, New Zealand will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need to come increasingly from productivity gains, and...
Persistent link: https://www.econbiz.de/10009769652
This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...
Persistent link: https://www.econbiz.de/10009696098
Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical …
Persistent link: https://www.econbiz.de/10012164555
For much of the second half of the twentieth century, labour productivity grew rapidly in most OECD economies, fuelled by the adoption of a large stock of unexploited existing technologies. However, the slowdown in productivity growth over the past decade underscores the idea that as economies...
Persistent link: https://www.econbiz.de/10011399544