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Economic Policy Reforms 2006

Going for Growth

image of Economic Policy Reforms 2006

Across the OECD, governments are seeking to undertake structural reforms to strengthen their economic growth. Going for Growth 2006 takes stock of the progress made in implementing policy reforms to improve labour productivity and utilisation that were identified as priorities in the 2005 edition.  It also provides comparative indicators covering structural policy areas such as labour markets, education and product market regulation. Graphs and tables in this publication include StatLinks, URLs which provide the reader with Excel spreadsheets of individual graphs and tables.

A special feature of Going for Growth 2006 is the focus on innovation, which  is a key driver of economic growth. It provides comparative indicators on performance and relevant policies in this area, and country-specific policy recommendations for each OECD country to improve innovation performance.  This issue contains two analytical chapters covering regulation of financial systems and economic growth and alternatives to GDP as a measure of well-being.

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Encouraging Innovation

An Overview of Performance and Policies

Innovation has long been a key source of progress in material living standards but the outcomes of innovation efforts are generally highly uncertain and the benefits for society as a whole may exceed those for private firms. To encourage innovation, governments have therefore put in place various measures such as financial support for private R&D projects and funding for research in universities. This chapter provides a cross-country comparison of innovation efforts and outcomes as well as of the main policy areas having an influence on those outcomes.

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