Economic Policy Reforms 2017
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Economic Policy Reforms 2017

Going for Growth

Going for Growth is the OECD’s regular report on structural reforms in policy areas that have been identified as priorities to boost incomes in OECD and selected non-OECD countries (Argentina, Brazil, the People's Republic of China, Colombia, Costa Rica, India, Indonesia, Lithuania, the Russian Federation and South Africa). Policy priorities are updated every two years and presented in a full report, which includes individual country notes with detailed policy recommendations to address the priorities, as well as a follow-up on actions taken. The selection of priorities and the monitoring of reform actions are supported by internationally comparable indicators that enable countries to assess their economic performance and structural policies in a wide range of areas.

In addition to the new set of policy priorities and country notes, the 2017 report also includes a special chapter discussing how the Going for Growth framework has been extended to identify reform packages that boost growth while ensuring that the benefits are widely shared.

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    http://oecd.metastore.ingenta.com/content/1217011e.pdf
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17 Mar 2017
DOI: 
10.1787/growth-2017-en
 
Chapter
 

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English
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    http://oecd.metastore.ingenta.com/content/1217011ec043.pdf
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Author(s):
OECD
Pages:
277–280
DOI: 
10.1787/growth-2017-43-en

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While the GDP per capita gap relative to the most advanced OECD countries narrowed rapidly until the 2009 crisis, the convergence process slowed down afterwards, due both to a decline in potential growth and cyclical factors. GDP per capita fell further behind after 2014 when declining oil prices and sanctions affected revenues from external trade, although depreciation of the rouble helped partially smooth these shocks. The per capita GDP gap is mainly driven by the productivity gap while the employment rate remains above the OECD average.

 
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