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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced 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...
Persistent link: https://www.econbiz.de/10011277005
contribution of each age group to total unemployment-rate differentials is also computed. An estimate of the sensitivity of age …-specific unemployment rates to the economic cycle is provided for OECD countries. France is one of the OECD countries having the highest …’s total unemployment rate differential with best-performing countries. Youth unemployment rate is especially sensitive to …
Persistent link: https://www.econbiz.de/10011276961
The supply-side framework and related measures of output and unemployment gaps play a leading role in the OECD analysis … paper develops a comprehensive supply block in accordance with the OECD approach. The structural unemployment rate is … trend labour productivity, participation rates and hours worked per employee to generate measures of potential output. The …
Persistent link: https://www.econbiz.de/10005045626
potential and associated output gaps in the assessment of the short-term conjunctural situation, comparative economic … used in estimating potential output for OECD countries and the systems in which they are used, notably for the production …
Persistent link: https://www.econbiz.de/10005045696
In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries. Prudent macroeconomic policies will be critical to prolonging the current expansion, given the risks associated with high inflation and volatile...
Persistent link: https://www.econbiz.de/10009191040
This paper presents long-term trade scenarios for the world economy up to 2060 based on a modelling approach that combines aggregate growth projections for the world with a detailed computable general equilibrium sectoral trade model. The analysis suggests that over the next 50 years, the...
Persistent link: https://www.econbiz.de/10011276954
This paper presents long-term trade scenarios for the world economy up to 2060 based on a modelling approach that combines aggregate growth projections for the world with a detailed computable general equilibrium sectoral trade model. The analysis suggests that over the next 50 years, the...
Persistent link: https://www.econbiz.de/10012449746
The supply-side framework and related measures of output and unemployment gaps play a leading role in the OECD analysis … paper develops a comprehensive supply block in accordance with the OECD approach. The structural unemployment rate is … trend labour productivity, participation rates and hours worked per employee to generate measures of potential output. The …
Persistent link: https://www.econbiz.de/10012445013
potential and associated output gaps in the assessment of the short-term conjunctural situation, comparative economic … used in estimating potential output for OECD countries and the systems in which they are used, notably for the production …
Persistent link: https://www.econbiz.de/10012445830
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/10011276855