OECD Economic Studies

Frequency :
1609-7491 (online)
0255-0822 (print)
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OECD Economic Studies is the twice-yearly journal of the OECD Economics Department. It features articles in the area of applied macroeconomics and statistical analysis, generally with an international or cross-country dimension. Articles are derived from work of the Organization’s intergovernmental committees, including areas of work outside the Economics Department’s focus. Now published as a part of the OECD Journal.

Also available in: French

Volume 2005, Issue 1 You do not have access to this content

Publication Date :
02 Nov 2005
Also available in: French

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  02 Nov 2005 Click to Access:  International licensing and the strengthening of intellectual property rights in developing countries during the 1990s
Walter G. Park, Douglas Lippoldt

Global intellectual property reform has been underway since the early 1990s (Box 1). With respect to international trade, a central pillar of the reform is the World Trade Organisation’s Agreement on Trade-Related Aspects of Intellectual Property Rights Agreement (TRIPS) that came into effect on 1 January 1995. Clearly, a strengthening of intellectual property laws worldwide can benefit those in industrialised nations who own most of the intellectual properties (e.g. copyrights on books, music, and software, patent rights on inventions, and trademark rights on business symbols and names).....

  02 Nov 2005 Click to Access:  Counting Immigrants and Expatriates in OECD Countries
Jean-Christophe Dumont, Georges Lamaitre
Since the end of the 1990s, issues related to international migration, and more particularly to the international mobility of highly-qualified workers, are receiving increasing attention from policy-makers. This reflects among others the increasing international movements that have been taking place following the fall of the Iron Curtain and in conjunction with the growing globalisation of economic activity. In addition, demographic imbalances between developed and developing countries and large differences in wages have tended to encourage the movements of workers from economies where they are in surplus to those where they are most in need.....
  02 Nov 2005 Click to Access:  Corporate sector vulnerability and aggregate activity
Torsten Sløk, Mike Kennedy
The health of a firm’s balance sheet potentially plays a role in its decisions to invest and through that channel, aggregate activity can be affected. Several authors have established a theoretical link based on the notion that the value of equity can be collateralised for business loans used to fund capital accumulation. In some of these models, it is possible to demonstrate that there is a financial accelerator that can amplify the business cycle by more than what could be explained by, for instance, an interest rate channel.
  02 Nov 2005 Click to Access:  Explaining risk premia on bonds and equities
Mike Kennedy, Torsten Sløk

Between 2002 and early 2005 risk premia for a number of asset classes across broad geographical areas not only fell substantially but also tended to move more closely together than they had done historically. This raises the question to what extent this apparent reduced investor discrimination across asset classes went beyond what can be accounted for by market-specific developments. In particular, the reduced discrimination among asset classes could suggest that factors other than market- or country-specific events have played a role in narrowing risk premia.

  02 Nov 2005 Click to Access:  Whatever happened to Canada-US economic growth and productivity performance in the information age?
Tarek M. Harchaoui, Faouzi Tarkhani
Some of the recent "hype" about how advances in technology are forging a "new economy" has evaporated. Interest in "dot.com" start-up companies in the US has waned with the decline in stock market valuations. Some of the more extravagant claims – in particular, that the "new economy" would see the end to recessions – have been tempered by the recent slowdown in the US economy.
  02 Nov 2005 Click to Access:  Indicator models of real GDP growth in the major OECD economies
Nigel Pain, Franck Sédillot

Accurate and timely information on the current state of economic activity is an important requirement for the policymaking process. Delays in the publication of official statistics mean that a complete picture of economic developments within a particular period emerges only some time after that period has elapsed. Thus considerable resources are, at times, devoted to making an assessment of the immediate past and the current conjuncture as well as projections about future developments. In practice, a regular flow of information is provided by the large number of quantitative and qualitative indicators that appear each month for different sectors of the economy. One challenge for policymakers is to put these together in a consistent manner to obtain a picture of the overall state of the economy.

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