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investigates whether the growth benefits of policy reforms in these growth-enhancing areas, and others such as trade openness … economies from 1970 to 2010. The results suggest that the pro-growth effects of greater capital account openness outweigh the … openness to trade, by reducing the likelihood of currency crises, are associated with higher growth. While pro …
Persistent link: https://www.econbiz.de/10011578174
Much of the convergence of the Latvian economy needs to come from productivity increases. To achieve this, policy makers should do more to facilitate the integration of the economy into global trade and promote competitive business environment. By benchmarking Latvia vis-à-vis the other Baltic...
Persistent link: https://www.econbiz.de/10011399642
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
economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7 …% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed …-friendly growth. …
Persistent link: https://www.econbiz.de/10010231008
Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical … effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances … countries’ growth could be around ⅔ percentage points lower on average, with around ½ percentage point accounted for by trade …
Persistent link: https://www.econbiz.de/10010374413
shift from OECD to non-OECD regions, reflecting faster growth in these countries. Multilateral global trade liberalisation …
Persistent link: https://www.econbiz.de/10010375298
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 has notably increased its international openness over recent decades, with exports’ share of GDP rising by 20 … Portuguese export growth over the 1995-2016 period. The results highlight that there was no one single factor behind the export … the Portuguese financial sector and its further development is beneficial for export growth. …
Persistent link: https://www.econbiz.de/10012304418
This paper analyses the structure of Greek exports and presents policy recommendations to boost export performance. Despite recent improvements, export performance deteriorated in the last decade particularly in the service sector. The decline in unit labour costs since the beginning of the...
Persistent link: https://www.econbiz.de/10011577746
encourage advances in within-firm productivity growth. Improvements to the quality of education at all levels and increasing the …
Persistent link: https://www.econbiz.de/10011577800