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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/10011276855
In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income … disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the … long-run impact of structural reforms on GDP per capita and household income distribution. Pro-growth reforms can be …
Persistent link: https://www.econbiz.de/10011098129
foundation for economic growth. As a result, GDP growth has been strong and stable, inflation has fallen, and the public debt …
Persistent link: https://www.econbiz.de/10012444342
foundation for economic growth. As a result, GDP growth has been strong and stable, inflation has fallen, and the public debt …
Persistent link: https://www.econbiz.de/10005045812
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/10011276784
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/10011276785
’s strategy – fiscal consolidation, growth-boosting structural reforms and higher inflation – could make to reversing the rise in …-term fiscal strategy. With moderately higher growth coming from increased female labour force participation and higher … productivity growth, as well as inflation gradually rising to 2% thanks to unconventional monetary policy measures, the debt ratio …
Persistent link: https://www.econbiz.de/10011276798
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy … reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic … growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin …
Persistent link: https://www.econbiz.de/10011276802
Turkey can achieve strong sustainable growth and job creation but further reforms in the labour market, education and … product markets are required for such gains to materialise. In recent years, growth has been largely driven by the industrial … sector. Sustaining vigorous growth over the longer run therefore requires pushing ahead with a number of structural reforms …
Persistent link: https://www.econbiz.de/10011276807
raise long term productivity growth need to be pursued. Current project-based R&D-support and business subsidies seem … current targeted support. Capital taxation should be streamlined to improve incentives for entrepreneurship and growth. The …
Persistent link: https://www.econbiz.de/10011276818