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In an empirical investigation, the paper identifies the main political economy drivers of structural policy changes in OECD countries' labour and product markets over the 1985-2003 and 1973-2003 periods respectively. Some of the drivers are beyond the control of governments (i.e., that are...
Persistent link: https://www.econbiz.de/10005046036
In an empirical investigation, the paper identifies the main political economy drivers of structural policy changes in OECD countries' labour and product markets over the 1985-2003 and 1973-2003 periods respectively. Some of the drivers are beyond the control of governments (i.e., that are...
Persistent link: https://www.econbiz.de/10012445029
Indonesia’s growth performance is improving, following a slow recovery from the 1997-98 financial crisis. Investment is … raising the economy’s growth potential are to be found on the supply side of the economy. Indonesia will need to improve the … business environment and to make better use of labour inputs to put the economy on a higher growth trajectory. The country …
Persistent link: https://www.econbiz.de/10005045997
The recent period of sustained high growth in the United States has drawn attention to its financial system and the … allocation and growth. It provides evidence suggesting that legal and regulatory framework conditions for financial systems, and … financial development and growth — over and above the links via investment — indicating impacts via overall economic efficiency …
Persistent link: https://www.econbiz.de/10005046107
In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a … increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation-growth … multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross …
Persistent link: https://www.econbiz.de/10005046173
Based on an endogenous growth model, we show that intermediate goods markets imperfections can curb incentives to … improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which … anticompetitive upstream regulations have curbed MFP growth over the past 15 years, more strongly so for observations that are close …
Persistent link: https://www.econbiz.de/10008560209
requiring plausible long-term projections of economic growth by country or region. The workshop included presentations by …
Persistent link: https://www.econbiz.de/10005046090
This paper provides a summary of an OECD workshop on the causes of economic growth, held 6-7 July 2000. The topics … covered include the recent growth resurgence in the United States, the potential importance of ICT and the Internet, and the … part played by continual reallocation and restructuring. The paper also discusses the growth role of education …
Persistent link: https://www.econbiz.de/10005046099
In 1994, the OECD published a set of recommendations -- known as the OECD Jobs Strategy -- to deal with high and persistent unemployment that affected many member countries. These recommendations are currently being reassessed by the OECD and this paper contributes to this process. It provides a...
Persistent link: https://www.econbiz.de/10005045890
This paper presents in summary form the findings that emerge from a study of 20 structural reform episodes in 10 OECD countries. The study’s principal messages may be summarised as follows. First, it pays to have an electoral mandate for reform. Secondly, major reforms should be accompanied by...
Persistent link: https://www.econbiz.de/10008542493