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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
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
and financial policies to incorporate fully the implications of the rapid pro-cyclical growth in financial leverage and …
Persistent link: https://www.econbiz.de/10009003058
semi–formal and informal economy had a significant contribution to the expansion of the private sector. Productivity growth … was strong, but labour utilisation remained very low. Looking forward, higher employment and productivity growth will not …
Persistent link: https://www.econbiz.de/10008752419
legislation could also raise productivity growth for a while in many OECD and non-OECD G20 countries, although the effects are …
Persistent link: https://www.econbiz.de/10008799707
in these areas might also have contributed to as much as half of GDP per capita growth in OECD countries in the decade …
Persistent link: https://www.econbiz.de/10008799710
In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis … investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth …
Persistent link: https://www.econbiz.de/10009191040
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