OECD Economics Department Working Papers

The stabilisation properties of immovable property taxation
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° 1237) , 2 (N° 1178) , 3 (N° 1128) … 25 (N° 26) | Next
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  N° 1237   29 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js0cqq93djg.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-stabilisation-properties-of-immovable-property-taxation_5js0cqq93djg-en
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The stabilisation properties of immovable property taxation
Hansjörg Blöchliger, Balázs Égert, Bastien Alvarez, Aleksandra Paciorek
This paper contributes to the scarce literature on the macroeconomic effects of property taxes, in particular on the relationships between property taxes, house prices and the wider economy. The paper first estimates a fiscal reaction function which analysis the reaction of property tax...
  N° 1236   28 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js0cqqk42ls.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/making-the-most-of-natural-resources-in-indonesia_5js0cqqk42ls-en
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Making the Most of Natural Resources in Indonesia
Richard Dutu
Indonesia abounds with natural resources. But the unique nature of its geography, coupled with the lack of transport infrastructure, makes their exploitation challenging. Moreover, a lack of investment, protectionism and an unwieldy regulatory environment are all inhibiting the sector from...
  N° 1235   28 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js0cqrr97s4.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reforming-the-pension-system-to-increase-coverage-and-equity-in-colombia_5js0cqrr97s4-en
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Reforming the pension system to increase coverage and equity in Colombia
Christine de la Maisonneuve
Colombia is one of the most unequal countries in Latin America. The high level of informality in the labour market and many characteristics of the pension system leave many elderly in poverty. Only formal-sector employees earning more than the relatively high minimum wage are covered. Linking...
  N° 1234   28 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js0cqs9605g.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/making-colombia-s-tax-policy-more-efficient-fair-and-green_5js0cqs9605g-en
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Making Colombia's Tax Policy More Efficient, Fair and Green
Christian Daude, Sarah Perret, Bert Brys
Tax revenues at 20% of GDP remain low compared to other Latin American countries and the OECD average and tax evasion is pervasive. Lower oil revenues and the expiration of a number of taxes are putting strains on the budget at a time when social and development spending needs are rising. Heavy...
  N° 1233   28 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js0cqvnzx9v.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/skills-and-labour-market-performance-in-sweden_5js0cqvnzx9v-en
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Skills and labour market performance in Sweden
Margherita Bussi, Jon Kristian Pareliussen
Both educational attainment and skills, as measured in the OECD Survey of Adult Skills (PIAAC), are high in Sweden. They are not perfect substitutes, but both are to some degree necessary for successfully integrating in the Swedish labour market. This paper describes the distribution of...
  N° 1232   28 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1gmp403q2.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/skills-and-inclusive-growth-in-sweden_5js1gmp403q2-en
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Skills and Inclusive Growth in Sweden
Jon Kristian Pareliussen, Margherita Bussi, Christophe André, Vincent Koen
A highly skilled workforce is crucial to sustain competitiveness and contain the rise in income inequality. Recent surveys of adult skills and educational performance suggest that younger cohorts are doing less well than their predecessors. Many immigrants struggle both in school and in the...
  N° 1231   28 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1gmq551wd.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/incorporating-anchored-inflation-expectations-in-the-phillips-curve-and-in-the-derivation-of-oecd-measures-of-equilibrium-unemployment_5js1gmq551wd-en
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Incorporating Anchored Inflation Expectations in the Phillips Curve and in the Derivation of OECD Measures of Equilibrium Unemployment
Elena Rusticelli, David Turner, Maria Chiara Cavalleri
Inflation has become much less sensitive to movements in unemployment in recent decades. A common explanation for this change is that inflation expectations have become better anchored as a consequence of credible inflation targeting by central banks. In order to evaluate this hypothesis, the...
  N° 1222   21 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1j15g2f8n.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/what-impedes-household-investment-in-energy-efficiency-and-renewable-energy_5js1j15g2f8n-en
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What Impedes Household Investment in Energy Efficiency and Renewable Energy?
Nadia Ameli, Nicola Brandt
Energy efficiency and renewable energy technologies provide important opportunities to reduce greenhouse gas emissions. However, households fail to take up many clean energy investments that are cost-effective. This paper reviews different explanations for apparent underinvestment in energy...
  N° 1221   22 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1j15rj5zt.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/recent-trends-in-productivity-in-china_5js1j15rj5zt-en
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Recent trends in productivity in China
Margit Molnar, Thomas Chalaux
The Chinese economy has been undergoing fundamental structural changes since the start of reforms in 1978. An increasing number of farmers first got engaged in off-farm activities and then started to migrate to cities in the 1990s in search of jobs. Such movement of labour from less to more...
  N° 1220   22 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1j1805czs.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/assessing-china-s-skills-gap-and-inequalities-in-education_5js1j1805czs-en
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Assessing China's skills gap and inequalities in education
Margit Molnar, Boqing Wang, Ruidong Gao
In recent years, many tertiary graduates have had difficulties finding a job, while factories have been struggling to recruit workers. Notwithstanding rapidly increasing education attainment, graduates’ skills do not seem to match those demanded by the market. Moreover, structural changes in...
  N° 1219   22 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1j18g4tlx.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/providing-the-right-skills-to-all-in-china_5js1j18g4tlx-en
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Providing the right skills to all in China
Margit Molnar, Vincent Koen
China has made impressive strides in education in recent decades, even though the accumulation of human capital has lagged behind that of physical capital. Going forward, access to and quality of education will be key to sustain economic convergence with the most advanced economies and to...
  N° 1218   22 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1j18znzs4.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/agricultural-reforms-and-bridging-the-gap-for-rural-china_5js1j18znzs4-en
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Agricultural reforms and bridging the gap for rural China
Ben Westmore
Urbanisation will continue in China, with the government planning to grant urban residential status to an additional 100 million rural workers by 2020. While this process is transforming the urban economy, the rural economy is also undergoing substantial structural change. Government policy...
  N° 1217   22 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1j19lhbkl.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-snapshot-of-china-s-service-sector_5js1j19lhbkl-en
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A Snapshot of China's Service Sector
Margit Molnar, Wei Wang
The share of the tertiary sector in China’s value added has increased steadily, overtaking the share of the secondary sector in 2013. With increasing incomes, the share of services is expected to grow further as at higher incomes a larger share of income is spent on services. In addition to...
  N° 1216   07 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1qvnff3hk.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/does-the-post-crisis-weakness-of-global-trade-solely-reflect-weak-demand_5js1qvnff3hk-en
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Does the Post-Crisis Weakness of Global Trade Solely Reflect Weak Demand?
Patrice Ollivaud, Cyrille Schwellnus
Global trade growth over the past few years has appeared extraordinarily weak, even in relation to weak global GDP growth. This paper shows that the apparent breakdown in the relationship between global trade and global GDP growth is largely explained by two factors: an inappropriate...
  N° 1215   07 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1qvnqwcbt.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/estonia_5js1qvnqwcbt-en
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Estonia
Andreas Kappeler
Estonia can revitalise productivity growth and reap more benefits from its openness. Productivity is relatively low in manufacturing and in large firms, as the manufacturing sector focuses on low-technology goods exports to only a small number of destinations. The economic impact of the...
  N° 1214   07 May 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1qvqqmm48.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/estonia_5js1qvqqmm48-en
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Estonia
Andrés Fuentes Hutfilter
Labour input in Estonia remains lower than before the crisis. Skill mismatches between workers and jobs contribute to structural unemployment and emigration, notably among young, employed workers, has reduced labour supply. Although the government has lowered labour taxes and further reductions...
  N° 1213   07 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1qvs5c1vb.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-czech-labour-market_5js1qvs5c1vb-en
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The Czech Labour Market
Sónia Araújo, Petr Maleček
The Czech labour market has undergone significant changes as a consequence of economic restructuring. This paper analyses these changes, highlighting both the impact of the recent economic crisis and some of the longer-run determinants of the Czech labour market. The higher share of tertiary...
  N° 1212   06 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1pzrvxmkg.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reforming-the-slovak-public-sector_5js1pzrvxmkg-en
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Reforming the Slovak Public Sector
Lilas Demmou, Robert W.R. Price
Improving public sector efficiency can help to meet two conflicting objectives: ensuring fiscal consolidation and maintaining room for growth-friendly spending. However, the public sector lags on the application of e-government and e-procurement, insufficiently prioritizes spending, and suffers...
  N° 1211   28 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1pzv05lkd.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/spurring-growth-in-lagging-regions-in-slovak-republic_5js1pzv05lkd-en
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Spurring Growth in Lagging Regions in Slovak Republic
Lilas Demmou, Martin Haluš, Gabriel Machlica, Robert Menkyna
Regional inequality in Slovakia is among the highest in the OECD and is increasing. The main reason for regional disparity is the combination of low economic growth and job creation in the eastern and central part of the country and insufficient labour mobility to the west, in particular by...
  N° 1210   28 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1pzw9lnwk.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/skill-mismatch-and-public-policy-in-oecd-countries_5js1pzw9lnwk-en
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Skill Mismatch and Public Policy in OECD Countries
Muge Adalet McGowan, Dan Andrews
This paper explores the relationship between skill mismatch and public policies using micro data for 22 OECD countries from the recent OECD Survey of Adult Skills (PIAAC). Results suggest that differences in skill mismatch across countries are related to differences in public policies. After...
  N° 1209   28 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1pzx1r2kb.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/labour-market-mismatch-and-labour-productivity_5js1pzx1r2kb-en
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Labour Market Mismatch and Labour Productivity
Muge Adalet McGowan, Dan Andrews
This paper explores the link between skill and qualification mismatch and labour productivity using cross-country industry data for 19 OECD countries. Utilising mismatch indicators aggregated from micro-data sourced from the recent OECD Survey of Adult Skills (PIAAC), the main results suggest...
  N° 1208   23 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js30ttdx36c.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/maintaining-an-efficient-and-equitable-housing-market-in-belgium_5js30ttdx36c-en
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Maintaining an Efficient and Equitable Housing Market in Belgium
Sanne Zwart
Housing conditions in Belgium are among the best in OECD countries according to the Better Life Index, as dwellings are of high quality and large, and housing costs are average. However, the steep increase in house prices since 2003 has put market access for first-time buyers under pressure....
  N° 1207   22 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js30tvj21hh.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/determinants-of-the-low-female-labour-force-participation-in-india_5js30tvj21hh-en
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Determinants of the Low Female Labour Force Participation in India
Piritta Sorsa, Jan Mares, Mathilde Didier, Caio Guimaraes, Marie Rabate, Gen Tang, Annamaria Tuske
The low and declining female labour force participation rate in India despite strong growth over the past decade is puzzling and stands out among emerging markets. At the same time greater economic participation of women can be a source of inclusive growth, and wellbeing. Assessing determinants...
  N° 1206   06 May 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1pz2xnm6b.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/strengthening-skill-use-and-school-to-work-transitions-in-the-czech-republic_5js1pz2xnm6b-en
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Strengthening Skill use and School-to-work Transitions in the Czech Republic
Sónia Araújo, Petr Maleček
The education system has reacted slowly to changes in labour market needs, leading to an increasing number of school leavers without sufficient qualification. In addition, declining PISA scores and a rising share of low achievers are raising concerns about the quality of the future labour...
  N° 1205   22 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js30tw0n7kg.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reforming-the-tax-on-immovable-property_5js30tw0n7kg-en
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Reforming the Tax on Immovable Property
Hansjörg Blöchliger
The tax on immovable property recently started to regain its former significance, but the tax yield still remains low, with slightly more than 1% of GDP and wide variation across countries. Against this background this paper surveys property tax policy in OECD countries and analyses the...
  N° 1204   30 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js1pz3d0j8r.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/taxation-and-investment-in-colombia_5js1pz3d0j8r-en
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Taxation and Investment in Colombia
Sarah Perret, Bert Brys
The Colombian corporate tax system is highly complex and distortive. The effective tax burden on businesses is very high due to the combined effect of the corporate income tax, the corporate surtax introduced in 2012 (CREE), the net wealth tax on business assets and the value added tax (VAT) on...
  N° 1203   15 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js30twjgm6l.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/efficiency-and-contestability-in-the-colombian-banking-system_5js30twjgm6l-en
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Efficiency and Contestability in the Colombian Banking System
Christian Daude, Julien Pascal
Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms. This paper explores some of the causes behind these...
  N° 1202   15 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js30tzp18kj.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/fiscal-decentralisation-in-colombia_5js30tzp18kj-en
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Fiscal Decentralisation in Colombia
Guillaume Bousquet, Christian Daude, Christine de la Maisonneuve
Colombia has engaged in a sustained process of fiscal decentralisation over the past decades. This paper analyses three aspects of fiscal performance for Colombia’s departments. First, it studies the sustainability aspects of subnational finances by estimating a fiscal reaction function....
  N° 1201   01 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js3f5cwj3jb.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/effects-of-economic-policies-on-microeconomic-stability_5js3f5cwj3jb-en
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Effects of Economic Policies on Microeconomic Stability
Boris Cournède, Paula Garda, Volker Ziemann
Economic policies shape how much people earn as well as how stable their income and jobs are. The level and stability of earnings both matter for well-being. Standard economic aggregates do not measure accurately the economic uncertainty which households are facing. This paper shows that...
  N° 1200   31 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js3f5d3n2vl.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-2013-update-of-the-oecd-s-database-on-product-market-regulation_5js3f5d3n2vl-en
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The 2013 update of the OECD's database on product market regulation
Isabell Koske, Isabelle Wanner, Rosamaria Bitetti, Omar Barbiero
This paper investigates patterns in product market regulation across 34 OECD and 21 non-OECD countries, using an updated and revised version of the OECD’s indicators of product market regulation (PMR). The analysis shows that liberalisation of product markets has further slowed over the past...
  N° 1199   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5lz07r4.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-taxes-and-transfers-in-australia_5js4h5lz07r4-en
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Improving Taxes and Transfers in Australia
Philip Hemmings, Annamaria Tuske
Getting tax and transfer systems to efficiently deliver sufficient revenues to achieve macroeconomic targets, address goals in re-distribution and social welfare, encourage employment, accommodate business-competitiveness concerns and incorporate environmental issues is difficult. In Australia,...
  N° 1198   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5mx7bg0.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/federal-state-relations-in-australia_5js4h5mx7bg0-en
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Federal-State Relations in Australia
Vassiliki Koutsogeorgopulou, Annamaria Tuske
Australia’s inter-governmental fiscal relations have gradually moved towards greater centralisation. State governments receive sizeable transfers from the federal government and own revenues only partially cover their expenses. Finding the right balance between federal control and state...
  N° 1197   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5njs131.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/sharing-the-fruits-of-growth-with-all-mexicans_5js4h5njs131-en
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Sharing the Fruits of Growth with all Mexicans
Eduardo Olaberría, Valéry Dugain
In 2013 the Mexican government embarked on a major reform agenda which, if fully implemented and pushed forward, will help Mexico break out from a recent history of economic stagnation and high levels of poverty and inequality that has hampered the quality of life of its citizens. Indeed,...
  N° 1196   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5qp6l0w.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/what-makes-mexicans-happy_5js4h5qp6l0w-en
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What Makes Mexicans Happy?
Valéry Dugain, Eduardo Olaberriá
The growing literature studying the determinants of subjective wellbeing find that Mexicans report, on average, levels of life satisfaction that are above what would be predicted by the available objective measures of well-being. This paradox raises the following question: Are the drivers of...
  N° 1195   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmbt6v5h.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-the-labour-market-integration-of-immigrants-in-belgium_5js4hmbt6v5h-en
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Improving the Labour Market Integration of Immigrants in Belgium
Álvaro Pina, Vincent Corluy, Gerlinde Verbist
Immigrants make up one fifth of the Belgian working age population, but their labour market integration is poor. Employment rates of non-EU immigrants, in particular, are very low, and the problem extends to their native-born offspring. Further, with more precarious jobs and lower wages,...
  N° 1194   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmcf0ghl.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/raising-the-potential-of-the-domestically-oriented-sector-in-germany_5js4hmcf0ghl-en
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Raising the Potential of the Domestically Oriented Sector in Germany
André Eid, Andrés Fuentes Hutfilter
Germany’s manufacturing sector, which plays an important role for exports, has been performing well over the past decade in terms of labour productivity growth and international competitiveness. However, the services sector has had much slower growth rates. Competition often appears to be...
  N° 1193   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmcs3mxp.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-transport-infrastructure-in-russia_5js4hmcs3mxp-en
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Improving Transport Infrastructure in Russia
Alexander Kolik, Artur Radziwill, Natalia Turdyeva
Transport can play an important role in promoting growth, diversification and regional convergence. However, with insufficient investment and incomplete structural reforms, Russia faces very large challenges in modernising its large transport system. Urban transport problems are intensifying,...
  N° 1192   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmd6kq32.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-the-business-climate-in-russia_5js4hmd6kq32-en
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Improving the Business Climate in Russia
Artur Radziwill, Yana Vaziakova
Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...
  N° 1191   12 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4rfh5gtbq.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/determinants-of-female-entrepreneurship-in-india_5js4rfh5gtbq-en
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Determinants of Female Entrepreneurship in India
Arnaud Daymard
This paper examines the nature and determinants of female entrepreneurship in India based on survey data. The first part assesses basic characteristics of female entrepreneurship in India, while the subsequent sections analyse key determinants of female entrepreneurship based on the literature,...
  N° 1190   12 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4rfhjf15l.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-changing-role-of-the-exchange-rate-for-macroeconomic-adjustment_5js4rfhjf15l-en
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The Changing Role of the Exchange Rate for Macroeconomic Adjustment
Patrice Ollivaud, Elena Rusticelli, Cyrille Schwellnus
Recent episodes of large exchange rate movements, such as for Japan or the United Kingdom, have typically not been associated with large changes in trade balances and despite the polarisation of international investment positions large currency fluctuations during the global crisis of 2008-09...
  N° 1189   05 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4w26114r2.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/boosting-productivity-in-russia_5js4w26114r2-en
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Boosting Productivity in Russia
Lilas Demmou, Andreas Wörgötter
The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...
  N° 1188   06 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4w28dnn28.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/boosting-growth-and-reducing-informality-in-mexico_5js4w28dnn28-en
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Boosting Growth and Reducing Informality in Mexico
Sean Dougherty
Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax...
  N° 1187   05 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4w293c46j.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-conduct-of-monetary-policy-in-the-future_5js4w293c46j-en
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The Conduct of Monetary Policy in the Future
Kei-Ichiro Inaba, Rory O’Farrell, Łukasz Rawdanowicz, Ane Kathrine Christensen
The set of monetary policy instruments has expanded since the start of the global financial crisis in the many OECD economies. Against this background, this paper analyses whether some of the new instruments should be retained in the long term when broader financial stability objectives are...
  N° 1186   11 Feb 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js69lb4b5mt.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-constant-market-share-analysis-of-spanish-goods-exports_5js69lb4b5mt-en
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A Constant Market Share Analysis of Spanish Goods Exports
Alberto González Pandiella
The constant market share analysis framework is used to decompose changes in Spain’s share of the global market for goods exports into competitiveness and structural effects (i.e. the impact of specialisation, either in product or geographical terms) over 1996-2013. As other high-income...
  N° 1185   30 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js6g5kvpd6j.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/raising-the-economic-participation-of-women-in-india_5js6g5kvpd6j-en
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Raising the Economic Participation of Women in India
Piritta Sorsa
Economic participation of women in the labour force or as entrepreneurs is low compared to peers and has declined over the past decades despite strong growth. The gap with men is over 50%--the largest among key emerging markets. Participation declines with higher education achievements and...
  N° 1184   08 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7t9ptcr26.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-health-outcomes-and-health-care-in-india_5js7t9ptcr26-en
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Improving Health Outcomes and Health Care in India
Isabelle Joumard, Ankit Kumar
With India’s low life expectancy largely reflecting deaths from preventable diseases, the most significant gains in health would come from population-wide preventive measures. Access to public health care services varies substantially, resulting in many people turning to private-sector...
  N° 1183   26 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7t9q14m0q.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/challenges-and-opportunities-of-india-s-manufacturing-sector_5js7t9q14m0q-en
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Challenges and Opportunities of India's Manufacturing Sector
Isabelle Joumard, Urban Sila, Hermes Morgavi
The manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been in the informal sector, where workers are not...
  N° 1182   05 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7xhxwrnwd.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-heterogeneity-of-product-market-regulations_5js7xhxwrnwd-en
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The Heterogeneity of Product Market Regulations
Jean-Marc Fournier
This paper is making use of the OECD product market regulation (PMR) database to measure the heterogeneity of product market regulation across countries for the whole economy, for the main subcomponents of the PMR indicator and for the internet economy. The heterogeneity within EU countries is...
  N° 1181   05 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7xj0xckf6.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/implicit-regulatory-barriers-in-the-eu-single-market_5js7xj0xckf6-en
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Implicit Regulatory Barriers in the EU Single Market
Jean-Marc Fournier, Aurore Domps, Yaëlle Gorin, Xavier Guillet, Délia Morchoisne
Gravity models are used to explore the determinants of trade, making use of fixed effect linear estimators and a Poisson estimator (as in Santos Silva and Tenreyro, 2006) with fixed effects. Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language,...
  N° 1179   04 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxrjnb36b40.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/empirical-evidence-on-the-effects-of-environmental-policy-stringency-on-productivity-growth_5jxrjnb36b40-en
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Empirical Evidence on the Effects of Environmental Policy Stringency on Productivity Growth
Silvia Albrizio, Tomasz Koźluk, Vera Zipperer
This paper investigates the impact of changes in the stringency of environmental policies on productivity growth in OECD countries. Using a new environmental policy stringency (EPS) index, it estimates a reduced-form model of multi-factor productivity growth, where the effect of countries'...
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