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Job Creation and Local Economic Development

image of Job Creation and Local Economic Development

This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It  also includes  a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).

This publication is the first in a series to take this integrative approach, and it is designed to be user friendly and accessible to all government officials, academics, practitioners and civil society with an interest in local economic development and job creation.

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Chile

shows where conditions are ripe for quality job creation due to high skills supply and high skills demand. In 2012, four administrative divisions of Chile, Antofagasta, Magallanes y Antártica, the Metropolitan Region of Santiago and Los Lagos, were in “high skills equilibrium” where high skills supply (the percentage of people with post-secondary education) is matched by a high demand (the percentage of medium and high skills occupations).GVA, income and wages were not available at this geographical level. Some skills mismatches can be noted: a skills surplus can be observed in the Tarapacá, Atacama, Valparaíso and Arica Y Parinacota regions. In contrast skills deficits can be observed in the Bió-Bió, Araucanía, Los Rios and Aysén regions.

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