OECD Economics Department Working Papers

Advance Warning Indicators of Past Severe GDP per Capita Recessions in Turkey
1815-1973 (online)
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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° 1334) … , 19 (N° 432) , 20 (N° 382) , 21 (N° 332) … 27 (N° 31) | Next
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  N° 382   04 Mar 2004 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/differences-in-resilience-between-the-euro-area-and-us-economies_765432685773
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Differences in Resilience Between the Euro-Area and US Economies
Aaron Drew, Mike Kennedy, Torsten Sløk
This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run...
  N° 381   02 Mar 2004 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/product-market-competition-and-economic-performance-in-hungary_222142524253
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Product Market Competition and Economic Performance in Hungary
Carl Gjersem, Philip Hemmings, Andreas Reindl
The establishment of competitive markets has been one of the cornerstones Hungarian economic policy over the past decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of endemically weak domestic competition, though the country’s...
  N° 380   12 Feb 2004 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/enhancing-the-effectiveness-of-public-spending_355505224723
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Enhancing the Effectiveness of Public Spending
Isabelle Joumard, Per Mathis Kongsrud, Young-Sook Nam, Robert W. R. Price
In most OECD countries, public spending rose steadily as a share of GDP over the past decades to the mid-1990s, but this trend has since abated. The spending pressures stemming from the continued expansion of social programmes have been partly compensated by transient or one-off factors....
  N° 379   02 Feb 2004 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/is-there-a-change-in-the-trade-off-between-output-and-inflation-at-low-or-stable-inflation-rates_685810855735
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Is There a Change in the Trade-Off Between Output and Inflation at Low or Stable Inflation Rates?
Annabelle Mourougane, Hideyuki Ibaragi
This paper examines the relationship between the output gap and inflation in Japan by estimating Phillips curves and testing for changes since the advent of low inflation and/or the stabilisation of the rate of change of inflation. The work provides empirical support for the hypothesis of a...
  N° 378   12 Jan 2004 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/policies-bearing-on-product-market-competition-and-growth-in-europe_346707867476
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Policies Bearing on Product Market Competition and Growth in Europe
Carl Gjersem
The strength of product market competition plays an important role in economic growth as it affects economic efficiency and the allocation of resources, and can also lead to improved labour market performance. This paper examines product market competition and economic performance in the...
  N° 377   15 Dec 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reforming-the-public-expenditure-system-in-korea_866056726747
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Reforming the Public Expenditure System in Korea
Young-Sook Nam, Randall S. Jones
Although Korea has the second-lowest level of public spending among OECD countries at 22½ per cent of GDP, it faces strong upward spending pressures over the medium and longer term, which could threaten fiscal sustainability. This paper analyses the main features of Korea’s public expenditure...
  N° 376   12 Dec 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/female-labour-force-participation_082872464507
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Female Labour Force Participation
Florence Jaumotte
This paper examines the determinants of female labour force participation in OECD countries, including a number of policy instruments such as the tax treatment of second earners (relative to single individuals), childcare subsidies, child benefits, paid maternity and parental leaves, and tax...
  N° 375   10 Dec 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/fiscal-relations-across-government-levels_455513871742
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Fiscal Relations across Government Levels
Isabelle Joumard, Per Mathis Kongsrud
Despite its apparent advantages, devolution of fiscal responsibilities has not proceeded evenly over the past two decades. Decentralisation can strengthen the democratic process, allow governments to tailor the supply of public goods to local preferences and introduce some competition across...
  N° 374   05 Dec 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/health-care-systems_884504747522
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Health-Care Systems
Elizabeth Docteur, Howard Oxley
This study reviews health-system reforms in OECD countries over the past several decades and their impact on the following policy goals: ensuring access to services; improving the quality of care and its outcomes; allocating an "appropriate" level of resources to health care (macroeconomic...
  N° 373   05 Dec 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/non-tariff-measures-affecting-eu-exports_545677411266
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Non-Tariff Measures Affecting EU Exports
Peter Walkenhorst, Barbara Fliess
Evaluating the importance of non-tariff measures (NTMs) affecting imports remains a major challenge. This study reports evidence on the prevalence of NTMs based on an inventory of business complaints. This data source has the advantage of drawing on experiences of economic agents that are...
  N° 372   15 Dec 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-oecd-medium-term-reference-scenario_415580146531
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The OECD Medium-Term Reference Scenario
Peter Downes, Aaron Drew, Patrice Ollivaud
This working paper describes a medium-term reference scenario for the OECD based on the shortterm projections described in OECD Economic Outlook No.74. OECD-wide real GDP is projected to expand at 2¾ per cent per annum between 2006 and 2009 and the area-wide rate of unemployment to fall below 6...
  N° 371   21 June 2004 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/coping-with-ageing_224538175006
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Coping with Ageing
Jean-Marc Burniaux, Romain Duval, Florence Jaumotte
In the face of the substantial ageing of population expected to occur in OECD countries over coming decades, policies that boost labour-force participation attract considerable interest. There remain large cross-country divergences in participation rates that are largely accounted for by...
  N° 370   25 Nov 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-retirement-effects-of-old-age-pension-and-early-retirement-schemes-in-oecd-countries_308728704511
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The Retirement Effects of Old-Age Pension and Early Retirement Schemes in OECD Countries
Romain Duval
This paper examines the impact of old-age pension systems and other social transfer programmes on the retirement decision of older males in OECD countries. For each of the 55-59, 60-64 and 65+ age groups, a new panel dataset (22 OECD countries over 1969-1999 or shorter periods in some cases) of...
  N° 369   20 Nov 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/policies-for-an-ageing-society_737005512385
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Policies for an Ageing Society
Bernard Casey, Howard Oxley, Edward R. Whitehouse, Pablo Antolín, Romain Duval, Willi Leibfritz
This paper provides a synthesis of age-related developments and policies for a range of OECD countries, drawing on recent OECD work. It describes the expected impact of ageing on expenditure and fiscal pressures taking into account the current configuration of age-related policies. Since later...
  N° 368   08 Oct 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/financial-market-integration-in-the-euro-area_580278274030
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Financial Market Integration in the Euro Area
Carl Gjersem
Although there is no single yardstick to gauge the degree of integration, there is ample evidence that financial markets in the euro area have some way to go before national demarcation lines will effectively disappear and financial market integration is satisfactory. While there has been a...
  N° 367   29 Sep 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/recent-and-prospective-trends-in-real-long-term-interest-rates_514820262776
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Recent and Prospective Trends in Real Long-Term Interest Rates
Anne-Marie Brook
This paper documents some features of recent trends in bond yields and discusses the drivers of these trends. This includes a discussion of the relationship between fiscal balances and interest rates -- with a summary of key empirical results from the literature provided in the Appendix. The...
  N° 366   04 Sep 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/consolidating-germany-s-finances_530550148634
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Consolidating Germany's Finances
Eckhard Wurzel
While the German federal fiscal system has been successful in promoting a high standard of living even in regions whose economic capacity is low, tensions have emerged. Firstly, it has been difficult to ensure a sustainable fiscal policy, and the size of the overall deficit makes it difficult...
  N° 365   26 Aug 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/corporate-taxation-of-foreign-direct-investment-income-1991-2001_218605563356
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Corporate Taxation of Foreign Direct Investment Income 1991-2001
Kwang-Yeol Yoo
This paper constructs indicators of tax burden on FDI in order to review their trends and cross-country patterns. Over the 1990s, the overall tax burden on inward FDI (measured by the effective marginal tax rates) fell by 8 percentage points, reflecting corporate tax reforms in some OECD...
  N° 364   22 July 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/indicator-models-of-real-gdp-growth-in-selected-oecd-countries_275257320252
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Indicator Models of Real GDP Growth in Selected OECD Countries
Franck Sédillot, Nigel Pain
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...
  N° 363   02 July 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/post-crisis-changes-in-banking-and-corporate-landscapes_145078855616
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Post-Crisis Changes in Banking and Corporate Landscapes
Margit Molnar
This study investigates the relative importance of factors shaping banking and corporate landscapes in Thailand after 1997 through an empirical analysis of micro-data of Thai banks and firms. The results of the analysis of the bank data show that the deceleration of bank credit growth is mainly...
  N° 362   02 July 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/post-crisis-changes-in-banking-and-corporate-landscapes-in-dynamic-asia_235437184066
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Post-Crisis Changes in Banking and Corporate Landscapes in Dynamic Asia
Margit Molnar
This study investigates the changing relations between banks and their business customers in selected Asian emerging economies. These changes are manifest in declining bank lending growth and can be attributed to three major driving forces: cyclical factors, the fallout from the 1997 Asian...
  N° 361   25 June 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/after-the-telecommunications-bubble_311813664474
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After the Telecommunications Bubble
Patrick Lenain, Sam Paltridge
An unprecedented "boom and bust" investment cycle occurred in the high-tech industries at the turn of the century, in particular in the telecommunications sector. Regulatory reforms and technological innovation fuelled expectations of robust growth in traffic, revenue and earnings. Eventually,...
  N° 360   19 June 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/controlling-public-spending-in-iceland_641127305475
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Controlling Public Spending in Iceland
Hannes Suppanz
This paper analyses the main features of Iceland’s public expenditure and addresses some key policy issues. While overall public spending is not high compared with Iceland’s Nordic neighbours, other OECD countries have made more progress in reining it in. Budget consolidation efforts and...
  N° 359   17 June 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/policies-and-international-integration_062321126487
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Policies and International Integration
Giuseppe Nicoletti, Steve Golub, Dana Hajkova, Daniel Mirza, Kwang-Yeol Yoo
This paper assesses the importance of border and non-border policies for global economic integration. The focus is on four widely-advocated policies: removing explicit restrictions to trade and FDI; promoting domestic competition; improving the adaptability of labour markets; and ensuring...
  N° 358   17 June 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/enhancing-the-effectiveness-of-public-spending-in-finland_087257864247
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Enhancing the Effectiveness of Public Spending in Finland
Philip Hemmings, David Turner, Seija Parviainen
Finland is committed to high quality and extensive public services and a high level of income redistribution. The heavy tax burden these commitments require is becoming increasingly difficult to sustain due to tax competition and the need to harmonise certain taxes with other EU countries....
  N° 357   02 June 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/measures-of-restrictions-on-inward-foreign-direct-investment-for-oecd-countries_335043060125
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Measures Of Restrictions on Inward Foreign Direct Investment for OECD Countries
Stephen S. Golub
This paper provides new measures of restrictions on inward foreign direct investment (FDI) for OECD countries. Several different types of restrictions are considered: limitations on foreign ownership, screening or notification procedures, and management and operational restrictions. These...
  N° 356   28 May 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/tax-incentives-and-house-price-volatility-in-the-euro-area_410243688730
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Tax Incentives and House Price Volatility in the Euro Area
Paul van den Noord
A problem associated with inflation differentials in monetary unions is that the "crowding-in" effect of lower real interest rates associated with high inflation will initially outweigh the loss of competitiveness (crowding out). The crowding-in effect may produce volatility in house prices,...
  N° 355   27 May 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/structural-policies-and-growth_877032331705
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Structural Policies and Growth
Alain de Serres
In contrast to what has happened throughout the 1960s and 1970s, some of the largest EU countries and Japan are no longer closing the income gap vis-à-vis the United States. Worse, the gap may even be widening since the mid-1990s. While in the case of Japan the gap in GDP per capita is...
  N° 354   15 May 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/tax-reform-in-belgium_635485865253
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Tax Reform in Belgium
David Carey
Belgium has a heavy tax burden which has mainly fallen on labour as international tax competition has limited the scope to which this burden could be imposed on capital. This has raised concerns about possible adverse labour market impacts from such high tax rates. In view of these concerns,...
  N° 353   30 Apr 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/macroeconomic-policy-and-economic-performance_444611645531
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Macroeconomic Policy and Economic Performance
Pedro de Lima, Alain de Serres, Mike Kennedy
This paper analyses the major changes in both monetary and fiscal policy that have taken place over the past two decades and, within the limits of the existing empirical research, evaluates the overall costs and benefits for the OECD economies. The general findings for monetary policy are that,...
  N° 352   25 Mar 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/regulation-and-investment_206618567362
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Regulation and Investment
Alberto Alesina, Silvia Ardagna, Giuseppe Nicoletti, Fabio Schiantarelli
One commonly held view about the difference between continental European countries and other OECD countries, especially the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in several sectors of many OECD countries, we provide...
  N° 351   03 Mar 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/discretionary-fiscal-policy-and-elections_378575422756
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Discretionary Fiscal Policy and Elections
Marco Buti, Paul van den Noord
An early criticism of the Stability and Growth Pact has pointed to its asymmetric nature and the weak mechanisms to prevent politically-motivated fiscal policies: its constraints would bite in downswings but not in upswings, especially if in the latter the electoral cycle increases the...
  N° 350   27 Feb 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-us-health-system_768340075526
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The US Health System
Elizabeth Docteur, Hannes Suppanz, Jaejoon Woo
This paper assesses the performance of the United States health system in an international context and discusses potential directions for reform. The US health system is unique among OECD countries in its heavy reliance on the private sector for both financing and delivery of health care. The...
  N° 349   06 Feb 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-effectiveness-of-public-expenditure-in-portugal_636037755640
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The Effectiveness of Public Expenditure in Portugal
Chiara Bronchi
Over the past decade, Portugal has experienced imbalances and inefficiencies in the public sector that have impeded better economic performance. Though Portugal’s total spending as a proportion of GDP is somewhat below the EU average, the rapid and uncontrolled growth of its primary current...
  N° 348   16 Jan 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/comparative-analysis-of-firm-demographics-and-survival_010021066480
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Comparative Analysis of Firm Demographics and Survival
Eric Bartelsman, Stefano Scarpetta, Fabiano Schivardi
This paper presents evidence on firm demographics and firm survival for a group of ten OECD countries. For each country a dataset of sectoral indicators of firm dynamics has been created using information from business registers. The patterns of firm entry, exit, survival and employment growth...
  N° 347   13 Jan 2003 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/regulation-productivity-and-growth_078677503357
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Regulation, Productivity and Growth
Giuseppe Nicoletti, Stefano Scarpetta
In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive...
  N° 346   12 Dec 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/public-expenditure-management-in-poland_836146648523
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Public Expenditure Management in Poland
Andrew Burns, Kwang-Yeol Yoo
This paper assesses the public expenditure system in Poland and the scope for its reform. Though a number of important steps to control the future evolution of spending, such as pension reform and healthcare reform, have already made in Poland, much more needs to be done. Indeed budget...
  N° 345   10 Dec 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/enhancing-the-effectiveness-of-public-expenditure-in-sweden_706857274877
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Enhancing the Effectiveness of Public Expenditure in Sweden
Deborah Roseveare
This paper analyses the main features of Sweden’s public expenditure and addresses some key policy issues. Public spending is high relative to GDP, reflecting the wide support for the Swedish welfare state. The institutional framework within which spending decisions are made has both strengths...
  N° 344   03 Dec 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-decline-in-private-saving-rates-in-the-1990s-in-oecd-countries_241254248236
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The Decline in Private Saving Rates in the 1990s in OECD Countries
Alain de Serres, Florian Pelgrin
The substantial decline in private-sector saving rates observed in several OECD countries in the late 1990s coincided in several cases with a sharp increase in household financial net worth. This was seen by many observers as evidence that the strong rise in equity and residential property...
  N° 343   03 Oct 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/enhancing-the-effectiveness-of-public-spending-in-norway_861731021201
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Enhancing the Effectiveness of Public Spending in Norway
Isabelle Joumard, Wim Suyker
Public spending is very high in Norway, partly reflecting an extensive coverage of the welfare system and ambitious regional development objectives. Moreover, several institutional features contribute to dampening the cost-effectiveness of many public-spending programmes. Abundant oil revenues...
  N° 342   25 Sep 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/productivity-and-convergence-in-a-panel-of-oecd-industries_004581482564
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Productivity and Convergence in a Panel of OECD Industries
Stefano Scarpetta, Thierry Tressel
We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in a panel of 23 industries in 18 OECD countries using a novel harmonised database. First, we provide evidence of convergence in productivity levels within most industries across...
  N° 341   06 Sep 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/managing-public-expenditure_541200211154
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Managing Public Expenditure
Paul van den Noord
The UK medium-term budgetary framework introduced in 1997 addressed a number of weaknesses of the former regime, notably a bias against capital expenditure and, more generally, poor conditions for longerterm planning adversely affecting central government spending departments, local authorities...
  N° 340   23 Aug 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-brazilian-pension-system_251552114651
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The Brazilian Pension System
Marcos Bonturi
Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining resources away from other areas, such as much needed...
  N° 339   23 Aug 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/challenges-in-the-mexican-financial-sector_444430868135
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Challenges in the Mexican Financial Sector
Marcos Bonturi
The Mexican banking crisis of 1994/95 necessitated a major government rescue operation - estimated to have cost about 20 per cent of GDP. Since then, financial sector reforms have been implemented and the performance of the Mexican financial system has markedly improved, as shown by indicators...
  N° 338   14 Aug 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/coping-with-population-ageing-in-hungary_254781762631
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Coping with Population Ageing in Hungary
Andrew Burns, Jaromir Cekota
This paper examines economic challenges posed by the combination of an ageing and declining population in Hungary and develops policy-oriented recommendations for addressing them. The authors identify the scale and specific properties of the demographic problem in Hungary where the population...
  N° 337   02 Aug 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/next-steps-for-public-spending-in-new-zealand_338071481346
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Next Steps for Public Spending in New Zealand
David Rae
This paper reviews public expenditure in New Zealand and the scope for further progress. Since the mid-1980s, New Zealand has been a world leader in public management reforms. Government agencies have been transformed by delegating managerial responsibility to them and replacing input controls...
  N° 336   30 July 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/strengthening-the-management-of-public-spending-in-hungary_568000451454
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Strengthening the Management of Public Spending in Hungary
Jaromir Cekota, Rauf Gönenç, Kwang-Yeol Yoo
This paper analyses the Hungarian public expenditure system and develops policy-oriented recommendations for its improvement. Despite substantial progress achieved in the management of public finances over the 1990s, the level of public expenditure and taxation relative to national income has...
  N° 335   26 July 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/automatic-stabilisers-and-market-flexibility-in-emu_642866215738
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Automatic Stabilisers and Market Flexibility in EMU
Marco Buti, Carlos Martinez-Mongay, Khalid Sekkat, Paul van den Noord
It is often claimed that tax and welfare reforms that aim at enhancing efficiency may come at the cost of cyclical stabilisation. Reducing the generosity of welfare systems and lowering taxes may boost efficiency and output, and improve market adjustment to shocks. But, by reducing the size of...
  N° 334   17 July 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-economic-consequences-of-terrorism_511778841283
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The Economic Consequences of Terrorism
Patrick Lenain, Marcos Bonturi, Vincent Koen
The unprecedented 11 September 2001 terrorist attacks in the United States caused massive casualties and damage, and ushered in an era of greater uncertainty. While a prompt and vigorous policy response helped limit the immediate economic impact of the aggression, the heightened terrorist...
  N° 333   11 July 2002 Click to Access: 
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/investment-in-human-capital-through-post-compulsory-education-and-training_778845424272
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Investment in Human Capital Through Post-Compulsory Education and Training
Sveinbjörn Blöndal, Simon Field, Nathalie Girouard
This paper examines various efficiency and equity aspects related to the skill acquisition of young people and older adults. The analysis suggests that such human capital investment is associated with significant labour-market gains for individuals, including higher post-tax earnings and better...
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