OECD Economics Department Working Papers

A revised approach to productivity convergence in long-term scenarios
ISSN: 
1815-1973 (online)
DOI: 
10.1787/18151973
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

 
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Page: 1 (N° 1385) , 2 (N° 1335) , 3 (N° 1287) … 29 (N° 9) | Next
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  N° 1385   18 May 2017
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    http://oecd.metastore.ingenta.com/content/0b8947e3-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-revised-approach-to-productivity-convergence-in-long-term-scenarios_0b8947e3-en
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A revised approach to productivity convergence in long-term scenarios
Yvan Guillemette, Alexandre Kopoin, David Turner, Andrea De Mauro
The paper describes revisions to the trend labour efficiency component of the production function underpinning long-term economic scenarios. The main goal of the revision is to add more policy and institutional determinants in the equation to enrich...
  N° 1384   18 May 2017
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    http://oecd.metastore.ingenta.com/content/075f0153-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-revised-approach-to-trend-employment-projections-in-long-term-scenarios_075f0153-en
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A revised approach to trend employment projections in long-term scenarios
Maria Chiara Cavalleri, Yvan Guillemette
The paper describes revisions to the trend employment component of the production function underpinning long-term economic scenarios. Starting with historical age and sex-specific employment rates, a novel approach is developed to correct for...
  N° 1383   22 Apr 2017
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    http://oecd.metastore.ingenta.com/content/7dd74eb4-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/doing-well-by-doing-good_7dd74eb4-en
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Doing well by doing good
Mabel Gabriel, Patrick Lenain, Mirna Mehrez, Julien Reynaud, Payal Soneja
The private sector can be a strategic partner in the pursuit of sustainable and inclusive growth, with the ability to have a profound impact, particularly in areas such as climate change, inclusiveness, equality and good governance. Firms could...
  N° 1382   22 Apr 2017
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    http://oecd.metastore.ingenta.com/content/c0c7e531-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/structural-inequality_c0c7e531-en
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Structural inequality
Olof Robling, Jon Kristian Pareliussen
Structural trends not directly related to labour market functioning and redistribution have made a sizeable contribution to inequality and poverty in Sweden, but occupy only limited space in the income inequality debate. To fill this gap, we put a...
  N° 1381   07 Apr 2017
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    http://oecd.metastore.ingenta.com/content/528dc615-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-the-allocation-and-efficiency-of-public-spending-in-indonesia_528dc615-en
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Improving the allocation and efficiency of public spending in Indonesia
Patrice Ollivaud
Indonesia's fiscal position is generally sound and policy making prudent. However, the country still faces important challenges in terms of economic and social development. Infrastructure, education, health and social security are all spending areas...
  N° 1380   07 Apr 2017
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    http://oecd.metastore.ingenta.com/content/d9cabd0a-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/decentralisation-to-promote-regional-development-in-indonesia_d9cabd0a-en
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Decentralisation to promote Regional Development in Indonesia
Petar Vujanovic
In 1998 Indonesia embarked on an ambitious course of decentralisation. Over a period of a few years, facilitated by financial transfers from the central government, responsibility for many public services and administrative tasks were devolved to...
  N° 1379   23 Mar 2017
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    http://oecd.metastore.ingenta.com/content/1e8c0031-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/foreign-direct-investment-and-the-pollution-haven-hypothesis_1e8c0031-en
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Foreign Direct Investment and The Pollution Haven Hypothesis
Grégoire Garsous, Tomasz Kozluk
Business has often been arguing against the introduction of a carbon tax because it would induce a pollution haven effect – reducing the competitiveness of domestic production and shifting both production and emissions to countries where fossil fuels...
  N° 1378   23 Mar 2017
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    http://oecd.metastore.ingenta.com/content/ef6c01c6-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/energy-prices-environmental-policies-and-investment_ef6c01c6-en
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Energy prices, environmental policies and investment
Dennis Dlugosch, Tomasz Kozluk
The 2°C (or less) limit on global warming agreed at the UN Climate Change Conference of 2015 in Paris effectively implies that manufacturing industries in developed countries have to undertake significant investments, in particular in more energy...
  N° 1377   07 Mar 2017
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    http://oecd.metastore.ingenta.com/content/77759015-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/deconstructing-income-inequality-in-costa-rica_77759015-en
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Deconstructing income inequality in Costa Rica
Alberto González Pandiella, Mabel Gabriel
Despite an improvement in overall macroeconomic performance in Costa Rica, income inequality has risen and is currently at its maximum historical value. This is in stark contrast with other Latin American countries, which have recently made...
  N° 1376   07 Mar 2017
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    http://oecd.metastore.ingenta.com/content/571d5b1f-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/boosting-productivity-in-mexico-through-integration-into-global-value-chains_571d5b1f-en
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Boosting productivity in Mexico through integration into global value chains
Sean Dougherty, Julien Reynaud
Mexico’s structural reforms are already boosting productivity, but more can be done. This paper focuses on issues that have led to the success of the “modern” Mexico, and have led to difficulties with the “traditional” Mexico. These include the...
  N° 1375   07 Mar 2017
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    http://oecd.metastore.ingenta.com/content/52da7c6a-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/local-taxation-land-use-regulation-and-land-use_52da7c6a-en
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Local taxation, land use regulation, and land use
Hansjörg Blöchliger, Christian Hilber, Olivier Schöni, Maximilian von Ehrlich
This paper surveys the theoretical and empirical research on the relationship between local taxation, land use regulation and land use patterns. The findings can be summarized as follows: 1) In more fiscally decentralized settings, sub-national land...
  N° 1374   02 Mar 2017
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    http://oecd.metastore.ingenta.com/content/41194fea-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/finance-and-productivity_41194fea-en
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Finance and productivity
Mark Heil
This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity. Numerous studies analyse the productivity effects of financial development and frictions. The...
  N° 1373   31 Jan 2017
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    http://oecd.metastore.ingenta.com/content/d4764493-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/decoupling-of-wages-from-productivity_d4764493-en
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Decoupling of wages from productivity
Cyrille Schwellnus, Andreas Kappeler, Pierre-Alain Pionnier
Over the past two decades, aggregate labour productivity growth in most OECD countries has decoupled from real median compensation growth, implying that raising productivity is no longer sufficient to raise real wages for the typical worker. This...
  N° 1372   25 Jan 2017
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    http://oecd.metastore.ingenta.com/content/180d80ad-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-walking-dead_180d80ad-en
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The Walking Dead?
Muge Adalet McGowan, Dan Andrews, Valentine Millot
This paper explores the extent to which “zombie” firms – defined as old firms that have persistent problems meeting their interest payments – are stifling labour productivity performance. The results show that the prevalence of and resources sunk in...
  N° 1371   31 Jan 2017
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    http://oecd.metastore.ingenta.com/content/24837aed-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/fostering-inclusive-growth-in-malaysia_24837aed-en
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Fostering inclusive growth in Malaysia
Stewart Nixon, Hidekatsu Asada, Vincent Koen
Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality. Income and wealth inequality have gradually declined since the mid-1970s. With the “people economy” at the...
  N° 1370   31 Jan 2017
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    http://oecd.metastore.ingenta.com/content/e8985a5b-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/boosting-productivity-in-malaysia_e8985a5b-en
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Boosting productivity in Malaysia
Hidekatsu Asada, Stewart Nixon, Vincent Koen
Productivity growth is essential to providing sustainable increases in living standards. Malaysia has reached a development stage where growth needs to be driven more by productivity gains than the sheer accumulation of capital and labour inputs. The...
  N° 1369   31 Jan 2017
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    http://oecd.metastore.ingenta.com/content/cf7fddf2-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/malaysia-s-economic-success-story-and-challenges_cf7fddf2-en
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Malaysia’s economic success story and challenges
Vincent Koen, Hidekatsu Asada, Stewart Nixon, Mohamed Rizwan Habeeb Rahuman, Mohd Arif, A.Z.
Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy. GDP per capita is now higher than in a number of OECD economies,...
  N° 1368   31 Jan 2017
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    http://oecd.metastore.ingenta.com/content/a6691907-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/trends-in-productivity-and-sources-of-productivity-growth-in-slovenia_a6691907-en
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Trends in productivity and sources of productivity growth in Slovenia
Urban Sila, Hermes Morgavi, Jeanne Dall'Orso
Slovenia’s living standards measured in GDP per capita are currently some 20% below the EU15 average and have not yet reached their pre-crisis level. Given that most of this gap comes from differences in labour productivity, the paper looks at...
  N° 1367   08 Feb 2017
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    http://oecd.metastore.ingenta.com/content/c35af920-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/rebalancing-turkey-s-growth-by-improving-resource-allocation-and-productivity-in-manufacturing_c35af920-en
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Rebalancing Turkey’s growth by improving resource allocation and productivity in manufacturing
Aslihan Atabek, Dan Andrews, Rauf Gönenç
Turkey’s manufacturing sector has expanded considerably but not efficiently and competitively enough. This paper documents the drivers of its recent growth and diversification, and the factors that have held it back. It documents its segmentation and...
  N° 1366   07 Feb 2017
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    http://oecd.metastore.ingenta.com/content/d054af64-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reaping-the-benefits-of-global-value-chains-in-turkey_d054af64-en
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Reaping the benefits of global value chains in Turkey
Volker Ziemann, Béatrice Guérard
Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in...
  N° 1365   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/a4352865-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/industry-and-services/incentivising-lending-to-smes-with-the-funding-for-lending-scheme_a4352865-en
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Incentivising Lending to SMEs with the Funding for Lending Scheme
Olena Havrylchyk
This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs). The FLS was announced by the Bank of England...
  N° 1364   25 Jan 2017
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    http://oecd.metastore.ingenta.com/content/ba9ac297-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/enhancing-skills-to-boost-growth-in-hungary_ba9ac297-en
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Enhancing skills to boost growth in Hungary
Gabriel Machlica
Skill requirements in the labour market have significantly changed over the past two decades. The restructuring of the economy is making the labour market increasingly knowledge-based. The education system has reacted to this structural change, but...
  N° 1363   25 Jan 2017
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    http://oecd.metastore.ingenta.com/content/37ac46c4-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/enhancing-public-sector-efficiency-and-effectiveness-in-the-czech-republic_37ac46c4-en
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Enhancing public sector efficiency and effectiveness in the Czech Republic
Christine Lewis, Falilou Fall
Spending on public administration itself is relatively low and so are indicators of its performance. Challenges include wastage in public procurement, insufficient management of the investment cycle and high levels of staff turnover. This paper...
  N° 1362   25 Jan 2017
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    http://oecd.metastore.ingenta.com/content/4607b955-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/fostering-productivity-for-income-convergence-in-the-czech-republic_4607b955-en
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Fostering Productivity for Income Convergence in the Czech Republic
Falilou Fall, Christine Lewis
Over the past two decades, the income level of the Czech Republic has converged considerably towards the OECD average. However, after the 2008 global crisis, the convergence process stalled. Shortfalls in labour productivity have developed and are...
  N° 1361   16 Feb 2017
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    http://oecd.metastore.ingenta.com/content/83239540-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/international-tax-planning-and-fixed-investment_83239540-en
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International tax planning and fixed investment
Stéphane Sorbe, Åsa Johansson
This paper assesses how international tax planning affects real business investment by multinationals. Earlier studies have shown that corporate taxes reduce business investment. This paper shows that tax planning multinationals are less sensitive to...
  N° 1360   16 Feb 2017
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    http://oecd.metastore.ingenta.com/content/b08459e5-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/innovation-patent-location-and-tax-planning-by-multinationals_b08459e5-en
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Innovation, patent location and tax planning by multinationals
Øystein Bieltvedt Skeie, Åsa Johansson, Carlo Menon, Stéphane Sorbe
This paper assesses the effect of international differences in taxes on the choice of patent location by multinational enterprises (MNEs). The analysis is based on a large sample of patents and firms from the OECD-PATSTAT and OECD-ORBIS databases...
  N° 1359   16 Feb 2017
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    http://oecd.metastore.ingenta.com/content/ddd8669b-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/international-differences-in-corporate-taxation-foreign-direct-investment-and-tax-revenue_ddd8669b-en
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International differences in corporate taxation, foreign direct investment and tax revenue
Øystein Bieltvedt Skeie
This paper assesses the redistribution of foreign direct investments (FDI) and tax revenues among countries due to multinationals’ response to international differences in corporate tax systems. The paper briefly reviews the literature on the tax...
  N° 1358   16 Feb 2017
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    http://oecd.metastore.ingenta.com/content/e9c35474-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/international-tax-planning-competition-and-market-structure_e9c35474-en
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International tax planning, competition and market structure
Stéphane Sorbe, Åsa Johansson
This paper investigates if tax planning by large multinationals distorts competition in their favour and allows them to crowd out other firms. The competitive implications of tax planning are frequently mentioned in the tax policy debate, but not yet...
  N° 1357   16 Feb 2017
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    http://oecd.metastore.ingenta.com/content/b524037b-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/debt-and-tax-planning-by-multinationals_b524037b-en
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Debt and tax planning by multinationals
Stéphane Sorbe, Åsa Johansson, Øystein Bieltvedt Skeie
Multinational enterprises (MNEs) manipulate the location of their debts to reduce their corporate tax burden. Indeed, by locating debts in higher-tax rate countries, MNEs can deduct interest payments against a higher tax rate. This paper provides...
  N° 1356   16 Feb 2017
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    http://oecd.metastore.ingenta.com/content/1a16e9a4-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/anti-avoidance-rules-against-international-tax-planning_1a16e9a4-en
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Anti-avoidance rules against international tax planning
Åsa Johansson, Øystein Bieltvedt Skeie, Stéphane Sorbe
This paper describes the main anti-avoidance rules against international tax planning by multinational enterprises in OECD and G20 countries. Building on this information and on previous classification efforts in the literature, a new classification...
  N° 1355   16 Feb 2017
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    http://oecd.metastore.ingenta.com/content/9ea89b4d-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/tax-planning-by-multinational-firms_9ea89b4d-en
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Tax planning by multinational firms
Åsa Johansson, Øystein Bieltvedt Skeie, Stéphane Sorbe, Carlo Menon
This paper exploits firm-level data from the ORBIS database to assess international tax planning by multinational enterprises (MNEs). Profit shifting to lower-tax rate countries is measured by comparing the profitability of MNE entities having...
  N° 1354   07 Feb 2017
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    http://oecd.metastore.ingenta.com/content/2d887027-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-quantification-of-structural-reforms-in-oecd-countries_2d887027-en
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The quantification of structural reforms in OECD countries
Balázs Égert, Peter Gal
This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on...
  N° 1353   07 Feb 2017
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    http://oecd.metastore.ingenta.com/content/bbb44644-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/coping-with-creative-destruction_bbb44644-en
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Coping with creative destruction
Dan Andrews, Alessandro Saia
A policy framework that does not unduly inhibit the creative destruction process is vital to sustaining productivity growth. Yet, a key question is what happens to workers who lose their jobs due to this process and what are the policies that...
  N° 1352   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/fec60e1b-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-re-assessment-of-fiscal-space-in-oecd-countries_fec60e1b-en
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A Re-assessment of Fiscal Space in OECD Countries
Jarmila Botev, Jean-Marc Fournier, Annabelle Mourougane
To what extent can public deficits increase without putting fiscal sustainability at risk, given the specific current macroeconomic situation of protracted low growth and low interest rates, combined with relatively high government debt levels? The...
  N° 1351   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/a25a7723-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/can-an-increase-in-public-investment-sustainably-lift-economic-growth_a25a7723-en
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Can an Increase in Public Investment Sustainably Lift Economic Growth?
Annabelle Mourougane, Jarmila Botev, Jean-Marc Fournier, Nigel Pain, Elena Rusticelli
This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances. To do so, it relies on a range of simulations using three different macro-structural models....
  N° 1350   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/3f9fa009-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/employment/the-ins-and-outs-of-employment-in-25-oecd-countries_3f9fa009-en
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The Ins and Outs of Employment in 25 OECD Countries
Paula Garda
This paper presents quantitative information on labour market flows for 25 OECD countries. It uses household surveys that offer the advantage of reporting monthly transitions between employment, unemployment and economic inactivity for individuals....
  N° 1349   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/5167d865-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/employment/how-do-product-market-regulations-affect-workers_5167d865-en
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How Do Product Market Regulations Affect Workers?
Oliver Denk
Knowing who gains and loses from regulatory reform is important for understanding the political economy of reform. Using micro-level data from 26 countries, this paper studies how regulatory reform of network industries, a policy priority in many...
  N° 1348   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/bd8e4c1f-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/effects-of-flexibility-enhancing-reforms-on-employment-transitions_bd8e4c1f-en
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Effects of Flexibility-Enhancing Reforms on Employment Transitions
Boris Cournède, Oliver Denk, Paula Garda
Do flexibility-enhancing reforms imply more employment instability? Using individual-level data from harmonised household surveys for 26 advanced countries, this paper analyses the effects of product and labour market reforms on transitions in and...
  N° 1347   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/15e400d4-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-positive-effect-of-public-investment-on-potential-growth_15e400d4-en
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The Positive Effect of Public Investment on Potential Growth
Jean-Marc Fournier
An estimated baseline convergence model capturing the long-term effect of human capital and physical investment on potential output for a panel of OECD countries is augmented with public investment and its components. The estimations suggest that...
  N° 1346   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/094bdaa5-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/public-finance-economic-growth-and-inequality_094bdaa5-en
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Public Finance, Economic Growth and Inequality
Åsa Johansson
This paper reviews the key issues concerning the impact of public spending and taxation on long-run growth and inequality and takes stock of existing theoretical and empirical studies. Overall, the evidence highlights that the size of the government...
  N° 1345   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/4d3d8b25-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/trends-in-public-finance_4d3d8b25-en
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Trends in Public Finance
Debra Bloch, Jean-Marc Fournier, Duarte Gonçalves, Álvaro Pina
To investigate how public finances could best be designed to promote long-run growth and address inequality, it is essential to have comprehensive, cross-country comparable data on government spending and revenues, along with structural and policy...
  N° 1344   15 Dec 2016
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    http://oecd.metastore.ingenta.com/content/f99f6b36-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-effect-of-the-size-and-the-mix-of-public-spending-on-growth-and-inequality_f99f6b36-en
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The Effect of the Size and the Mix of Public Spending on Growth and Inequality
Jean-Marc Fournier, Åsa Johansson
This paper provides evidence on the effects of the size and the composition of public spending on long-term growth and inequality. An estimated baseline convergence model captures the long-term effect of human capital and total investment on...
  N° 1343   30 Nov 2016
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    http://oecd.metastore.ingenta.com/content/7c8c6cc1-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-distribution-of-the-growth-dividends_7c8c6cc1-en
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The distribution of the growth dividends
Mikkel Hermansen, Nicolas Ruiz, Orsetta Causa
Widespread increases in inequality over the past three decades have raised the question of the distribution of the growth dividends. This paper finds that there is no single answer to this question. The mechanisms that link growth and income...
  N° 1342   25 Nov 2016
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    http://oecd.metastore.ingenta.com/content/5jln041nkpwc-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-distributional-impact-of-structural-reforms_5jln041nkpwc-en
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The Distributional Impact of Structural Reforms
Orsetta Causa, Mikkel Hermansen, Nicolas Ruiz
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...
  N° 1341   25 Nov 2016
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    http://oecd.metastore.ingenta.com/content/5jln041vm6tg-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/inequality-in-denmark-through-the-looking-glass_5jln041vm6tg-en
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Inequality in Denmark through the Looking Glass
Orsetta Causa, Mikkel Hermansen, Nicolas Ruiz, Caroline Klein, Zuzana Smidova
This paper delivers a broad assessment of income inequality in Denmark. As a necessary preamble to provide a basis for discussion, we start by contrasting Danish official inequality measures with those gathered by the OECD in an international...
  N° 1340   25 Nov 2016
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    http://oecd.metastore.ingenta.com/content/5jln0421ld25-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/can-reforms-promoting-growth-increase-financial-fragility_5jln0421ld25-en
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Can Reforms Promoting Growth Increase Financial Fragility?
Aida Caldera Sánchez, Filippo Gori
Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets. This paper investigates...
  N° 1339   25 Nov 2016
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    http://oecd.metastore.ingenta.com/content/5jln0428l1wl-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/how-do-policies-influence-gdp-tail-risks_5jln0428l1wl-en
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How do policies influence GDP tail risks?
Aida Caldera Sánchez, Oliver Röhn
This paper explores the relationship between policy settings and extreme positive and negative growth events, what we call GDP tail risks, using quantile regression methods. Conditioning on several country characteristics such as the size, stage of...
  N° 1338   25 Nov 2016
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    http://oecd.metastore.ingenta.com/content/5jln042kcjjg-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/balancing-inclusiveness-work-incentives-and-sustainability-in-denmark_5jln042kcjjg-en
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Balancing inclusiveness, work incentives and sustainability in Denmark
Caroline Klein, Louise Aggerstrøm Hansen
The generous Danish welfare state relies on a high degree of labour force participation both for financing and in order to ensure social cohesion. This underlines the need for getting work incentives right and improve the employability of vulnerable...
  N° 1337   25 Nov 2016
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    http://oecd.metastore.ingenta.com/content/5jln042vd3kk-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/betting-the-house-in-denmark_5jln042vd3kk-en
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Betting the house in Denmark
Zuzana Smidova
The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage institutions and pension funds. Danish households have large balance sheets and high levels of gross debt. Even though the high debt levels...
  N° 1336   03 Nov 2016
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    http://oecd.metastore.ingenta.com/content/5jlnb59tmdls-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-use-of-models-in-producing-oecd-macroeconomic-forecasts_5jlnb59tmdls-en
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The Use of Models in Producing OECD Macroeconomic Forecasts
David Turner
This paper firstly describes the role of models in producing OECD global macroeconomic forecasts; secondly, reviews the OECD's forecasting track record; and finally, considers the relationship between forecast performance and models. OECD forecasts...
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