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This study discusses the Philippine output gap from three perspectives and evaluates the utility of the approaches for policymaking. Incentives in the Philippines appear broadly comparable with those in neighboring countries. The reform would also improve short- and especially medium-term...
Persistent link: https://www.econbiz.de/10011243744
This Selected Issues paper presents Italy’s economic growth through innovation and reforms. It highlights that Italy’s future competitiveness depends on the institutional and macroeconomic conditions that allow productive firms to innovate, expand, and attract inward foreign direct...
Persistent link: https://www.econbiz.de/10011243825
This staff report on United Kingdom’s (UK) 2013 Article IV Consultation highlights economic policies and development. The UK economy grew by about ¼ percent in 2012. Net trade reduced growth by 0.6 percentage points of GDP, the biggest drag since 2005, and well above staff projections....
Persistent link: https://www.econbiz.de/10011243880
Persistent link: https://www.econbiz.de/10011244097
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10011244125
to real productivity, stressing the role of firm and individual bargaining, decreasing the room for national contracts at …
Persistent link: https://www.econbiz.de/10011134440
unions (except the larger Italian trade unions CGIL) and employers associations on productivity and competitiveness, called … an improvement in Italian industrial relations and will not contribute to stop the decline of productivity of national …
Persistent link: https://www.econbiz.de/10011134446
by 10 percentage points, to recover less than 2 points in the following decade; productivity growth slowed down since the … mid-90s to became almost zero since 2000; the gap between productivity and real wage increased in the 90s to slightly … decline in the euro period, when stationary productivity and wages prevailed. A change in route is urgently needed, in Italy …
Persistent link: https://www.econbiz.de/10011134452
after the national agreement on productivity signed in Italy in November 2012. It is clear the effect of that agreement …
Persistent link: https://www.econbiz.de/10011134455
state of fiscal balances in the short and longer run; growth and productivity developments; and the extent of inequality in …
Persistent link: https://www.econbiz.de/10011135504