OECD Economic Surveys

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18 times a year
ISSN: 
1609-7513 (online)
ISSN: 
0376-6438 (print)
http://dx.doi.org/10.1787/16097513
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OECD Economic Surveys are periodic reviews of member and non-member economies. Reviews of member and some non-member economies are on a two-year cycle; other selected non-member economies are also reviewed from time to time. Each Economic Survey provides a comprehensive analysis of economic developments, with chapters covering key economic challenges and policy recommendations addressing these challenges.

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OECD Economic Surveys: Argentina 2017

OECD Economic Surveys: Argentina 2017

Multi-dimensional Economic Survey You do not have access to this content

English
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Author(s):
OECD
27 July 2017
Pages:
172
ISBN:
9789264278066 (EPUB) ; 9789264278059 (PDF) ;9789264278042(print)
http://dx.doi.org/10.1787/eco_surveys-arg-2017-en

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Following years of unsustainable economic policies, Argentina has undertaken a bold turnaround in policies, which has helped to stabilise the economy and avoid another crisis. Building on this reform progress should help lay the foundations to raise the material living standards and well-being of all Argentinians, including the most vulnerable. This Survey discusses the challenges ahead and the policy options to address these challenges. Improvements in the areas of regulation on product markets, labour markets, competition, taxes, infrastructure, education, trade policy and financial markets would streghten investment and productivity, which are the basis for sustainable income gains. Some of these reforms will involve adjustment costs as jobs will be lost in some firms and sectors and created in others, but well-designed policies can protect the poor and vulnerable from the burden of adjustment. A current focus on strengthening the social safety net and efforts to improve the quality of education are part of such policies, as is labour market support for affected workers. The benefits of stronger growth will depend on improving the distribution of income, which is currently very unequal and leaves one third of the population in poverty, with more at risk of falling into poverty. Efforts are also underway to reduce inequalities in the access to quality education. Public transfers to reduce inequality and poverty will continue to play an important role, together with stronger efforts to curb labour market informality.

SPECIAL FEATURES: PRODUCTIVITY; INCLUSIVE GROWTH

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  • Basic statistics of Argentina, 2016

    This Survey was prepared by Jens Arnold and Alberto Gonzalez Pandiella of the OECD Economics Department and by Paula Cerutti, Angel Melguizo and Sebastián Nieto Parra of the OECD Development Centre, under the supervision of Piritta Sorsa and Federico Bonaglia. Statistical research assistance was provided by Anne Legendre and Hermes Morgavi with general administrative assistance provided by Mercedes Burgos and Raquel Páramo.The Survey was discussed at a meeting of the Economic and Development Review Committee on 17 May 2017 and at a meeting of the Governing Board of the OECD Development Centre on 16 May 2017. It is published under the responsibility of the Secretary General of the OECD.

  • Executive summary
  • Assessment and recommendations
  • Rehabilitating Argentina's official statistics and statistical system

    Argentina’s statistics deteriorated over the period 2007-15, as political pressures grew to adopt methods that would lead to the publication of “positive” data about the state of Argentina’s economy and society. As a result, trade figures showed artificial surpluses, inflation was underestimated, GDP growth was exaggerated, and poverty levels were minimised. At the same time, the number and quality of underlying censuses, surveys and procedures declined.

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  • Expand / Collapse Hide / Show all Abstracts Thematic chapters

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    • Structural reforms to boost growth and living standards in Argentina

      Over the last decades Argentina’s living standards have lost ground relative to other developed and emerging economies. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening investment through wide-ranging structural reforms. Areas that require reforms include the regulation of product and labour markets, taxes, infrastructure, skills, innovation, trade policy, rule of law and financial markets. Beyond changing the rules, implementation and restoring institutional capacity are equally important. Enhancing competition, for which implementation and institutions are particularly relevant, would stimulate private investment, facilitating the creation of new firms and jobs, and would bring benefits to consumers through lower prices. Finding the right packaging and sequencing of reforms is important to exploit synergies across different areas, to manage trade-offs and to protect the vulnerable from the costs of adjustment. In this context, improving active labour market policies and training can support workers in acquiring new skills and in getting ready for new jobs, improving their capacity to adjust to a changing economy.

    • Making growth more inclusive in Argentina

      Commodity-led growth and strengthened social policies reversed the sharp increase in poverty that took place in the aftermath of the 2001 economic crisis. Well-being and living conditions further improved during the first decade of the millennium. However, between 2011 and 2015, increasingly inconsistent economic policies led to zero growth and threatened gains in well-being as well as additional reductions in poverty and inequality. Poverty still affects one-third of the population and eliminating it remains the priority. Besides that, one out of five Argentinians have moved out of poverty but were unable to join the middle class. This emerging socio-economic group faces substantial vulnerabilities, such as low labour income, insufficient skills, informal employment and poor access to quality public services, which put them at risk of falling into poverty. The situation requires embarking on a second generation of social policies that combine long-term poverty alleviation programmes with further support for these citizens to sustain poverty reduction over time and develop human capital. This chapter discusses a comprehensive policy package that would rebuild the social contract in Argentina. This includes improving the efficiency, targeting and progressivity of transfers and taxes, strengthening public services across regions, increasing education quality and providing incentives to promote better quality jobs, particularly by lowering labour costs, to protect the vulnerable and contribute to sustainable inclusive growth.

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