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Reigniting growth through productivity-enhancing reforms in Colombia

Over the past decade, sound macroeconomic policies and an improved business environment have helped generate relatively strong GDP growth.




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Switzerland: Sustain high levels of well-being by boosting productivity growth

The Swiss economy has shown considerable resilience to shocks, but economic growth remains slow, and per capita income levels still hover at levels attained before the global economic crisis. Further reforms are needed to restore productivity growth, boost incomes and ensure that today’s high living standards and levels of well-being are passed on to future generations, according to a new report from the OECD.




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GDP Growth - Third quarter of 2017, OECD

OECD GDP growth slows to 0.6% in third quarter of 2017




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How self-sorting affects migrants’ labour market outcomes

Assuming that immigrants select destinations according to absolute returns to their observable and unobservable human capital, I present a human capital model of migration accounting for taxes, transfers and limited portability of skills.




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OECD sees global economy strengthening, but says further policy action needed to catalyse the private sector for stronger and more inclusive growth

OECD sees global economy strengthening, but says further policy action needed to catalyse the private sector for stronger and more inclusive growth




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Capital-embodied technological progress and obsolescence: how do they affect investment behaviour?

This paper analyses how technological progress embodied in capital goods raises productivity and income, while at the same time it can modify the allocation of consumption, investment and the capital stock.




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G20 GDP Growth - Third quarter of 2017, OECD

G20 GDP growth steady at 1.0% in third quarter of 2017




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Lowering barriers to entrepreneurship and promoting small business growth in South Africa

Lowering high levels of unemployment and inequality are amongst the largest challenges facing South Africa.




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The effects of the tax mix on inequality and growth

Can reforms that shift the balance among different taxes in the revenue mix lastingly influence the overall prosperity of an economy and the distribution of income across households?




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Improving productivity and job quality of low-skilled workers in the United Kingdom

More than a quarter of adults in the United Kingdom have low basic skills, which has a negative impact on career prospects, job quality and productivity growth.




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Contributions to GDP growth: third quarter 2017, Quarterly National Accounts, OECD

Slower private consumption and investment weigh down on OECD GDP growth in third quarter of 2017




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Growth and economic well-being: third quarter 2017, OECD

OECD household income growth continues to lag GDP growth, slowing to 0.2% in third quarter of 2017




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Growth and economic well-being: fourth quarter 2017, OECD

OECD household income growth picks up to 0.3% in fourth quarter of 2017 but continues to lag GDP growth




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GDP Growth - Fourth quarter of 2017, OECD

OECD GDP growth slows to 0.6% in fourth quarter of 2017




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How to improve Norway’s transport-infrastructure investment

Norway makes substantial public investment in transport and this has intensified in recent years. There is potentially large economic benefit from such investment, particularly as good transport infrastructure can help Norway’s transition away from oil-related activities.




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Chile should use upturn to address low productivity and high inequality

A favourable growth outlook offers Chile an opportunity to address its low productivity levels compared to other advanced economies, improve access to quality jobs and take steps to reduce its persistently high inequality, according to a new OECD report.




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Further reforms to spur trade and investment key for Brazil’s inclusive growth

Brazil is emerging from its long recession and is headed for solid growth in 2018 and 2019 as recent structural reforms start to bear fruit. Sustaining this recovery, unleashing Brazil’s full economic potential and spreading the benefits fairly will require additional efforts to rein in public spending, increase trade and investment, and further focus social spending on those most in need, according to a new OECD report.




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Economic expansion offers Israel opportunity to move toward a more inclusive society

The Israeli economy continues to register remarkable performance, with strong growth, low and falling unemployment and sound public finances leading to the 15th consecutive year of economic expansion. Further reforms will be needed to drive down inequality and raise living standards for all Israelis, according to a new report from the OECD.




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Towards a more prosperous and inclusive Brazil

Over the past two decades, strong growth combined with remarkable social progress has made Brazil one of the world’s leading economies.




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G20 GDP Growth - Fourth quarter of 2017, OECD

G20 GDP growth remains stable at 1.0% in fourth quarter of 2017




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Finland: growing and reforming, but no time for complacency

After a long period of lacklustre economic performance, robust growth has resumed.




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How do you improve the durability of a Celtic Tiger?

The Irish economy is booming and is expected to continue expanding at healthy rates over the next few years.




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Towards an innovative and inclusive economy in Poland

The Polish economy is in a strong position. Economic growth reached 4.6% on average in 2017 and the OECD expects it to continue at around 4% over 2018/19.




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Tunisia: New structural reforms needed to revive growth and job creation

The Tunisian economy is recovering, driven by good harvests and strong performance in the tourism sector, but further reforms are needed to ensure sustainable growth and higher living standards for all Tunisians, according to a new report from the OECD.




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Structural reforms to boost growth and living standards in Argentina

Over the last decades Argentina’s living standards have lost ground relative to other developed and emerging economies. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening investment through wide-ranging structural reforms.




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Investment as a transmission mechanism from weak demand to weak supply and the post-crisis productivity slowdown

Current weak labour productivity growth in many OECD countries reflects historically weak contributions from both total factor productivity (TFP) growth and capital deepening.




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Costa Rica: Restore fiscal sustainability and make growth more inclusive

Costa Rica has made impressive economic and social progress in recent years, with robust economic growth facilitating near-universal access to education, health care and pensions.




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GDP Growth - First quarter of 2018, OECD

OECD GDP growth continues to slow in first quarter of 2018




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New OECD Framework seeks to drive “urgent, concerted effort” for inclusive growth

“Urgent and concerted effort” is needed from governments to drive more inclusive, sustainable economic growth that benefits everyone in society, according to a new OECD report.




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Tax reform to support growth and employment in Finland

Finland raises a large amount of taxes to finance high-quality public services and redistribute income.




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Making growth more inclusive in Thailand

Thailand’s path from a low-income to an upper-middle-income country over recent decades is widely hailed as a development success story.




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Sustainable finance for inclusive growth in Thailand

Thailand’s "sufficiency economy philosophy" encourages the prioritisation of long-term sustainability over short-term benefits.




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Stronger growth but risks loom large

After a lengthy period of weak growth, the world economy is finally growing around 4%, the historical average of the past few decades.




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G20 GDP Growth - First quarter of 2018, OECD

Slight easing of G20 GDP growth in first quarter of 2018




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Firms at the productivity frontier enjoy lower effective taxation

Slow productivity growth in advanced economies holds back income gains and therefore improvements in well-being.




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Deeper reforms in Germany will ensure more inclusive and sustainable growth

The German economy is undergoing a robust expansion, with record-low unemployment and real wage gains underpinning domestic demand while strong exports are driving business investment. The strong fiscal position will offer opportunities for funding structural reforms and public investment to meet future challenges, according to a new report from the OECD.




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Deeper reforms in Korea will ensure more inclusive and sustainable growth

Short-term prospects for the Korean economy are good, with an uptick in world trade and fiscal policy driving growth, but productivity remains relatively low and the country faces the most rapid population ageing in the OECD area, according to a new report from the OECD.




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The "Family 500+" child allowance and female labour supply in Poland

In 2016 the Polish government introduced a large new child benefit, called "Family 500+", with the aim to increase fertility from a low level and reduce child poverty.




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To shorten or to lengthen? Public debt management in the low-interest rate environment

With still large government debt and interest payments in many OECD countries, actively adjusting debt maturity can help to minimise debt servicing costs.




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Costa Rica: Restoring fiscal sustainability and setting the basis for a more growth-friendly and inclusive fiscal policy

Consecutive years of primary deficits have led to mounting public debt of almost 50% of GDP, one of the fastest increases in Latin America over the last decade.




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Reforms in Lithuania are reinforcing economic growth but boosting productivity is still a challenge

Lithuania’s economy has grown faster than most other OECD economies over the past 10 years, unemployment continues to fall and public finances have stabilised after a long period of deficits and rising debt.




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To shorten or to lengthen debt maturity to lower debt servicing costs?

Low interest rates prevailing in many advanced economies in recent years have already helped to lower the debt servicing burden, but government debt and interest payments remain large in many OECD countries. Could a further reduction in interest payments be attained by "locking-in" current low interest rates?




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Brexit and Dutch Exports: Fewer glasshouses, more glass towers as agri-food shrinks and finance gains

The Netherlands is likely to be one of the European countries that is going to be significantly affected by the United Kingdom’s planned departure from the European Union (Brexit).




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Towards more inclusive growth in Tunisia

The average standard of living of the Tunisians has been steadily increasing for several decades, while poverty and inequality have been greatly reduced by the implementation of many social programs.




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The Czech economy is thriving but boosting skills and productivity and transitioning to a low-carbon productive model is vital to sustainable and inclusive growth

The Czech economy is thriving, with robust employment, expanding exports and falling government debt. Efforts should now focus on boosting workforce skills and innovation to improve labour supply and productivity, further reduce poverty and inequality, and green the economy, according to two new OECD reports.




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Growth remains buoyant in Turkey but fundamentals need to be strengthened

Despite numerous headwinds and adverse shocks, Turkey's real GDP has grown by more than 34% over the past 5 years, faster than any other OECD country except for Ireland and only slightly less than China and India.




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Reforms for sustainable productivity growth in Ireland

The Irish economy has experienced a decline in productivity growth over the past decade. This has mostly reflected the poor performance of local firms, with the large productivity gap between foreign-owned and local enterprises having widened.




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Canada has high levels of well-being and solid growth but trade tensions and housing market pose risks while inclusiveness could be improved

Canada is one of the OECD economies delivering the best outcomes for its citizens, especially in regards to self-reported well-being, personal security and health status. Canada is also undertaking several programmes to foster inclusive growth – with respect to childcare benefits, gender equality and social housing.




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The Czech economy is thriving but labour shortages will limit growth

Growth, driven by both internal and external demand, has been accelerating since 2013 and at 4.6% in 2017 it was more balanced than in previous years. Household consumption is supported by income growth, a declining savings rate as confidence is high, and by rising credit.




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Does public spending foster inclusive growth in your country?

Governments today need to balance the policy goals of boosting economic growth and improving equity when making budget decisions. How can public spending choices promote inclusive growth? What can be learned from previous spending decisions in times of crisis?