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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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Unblocking the productivity potential of local businesses in Ireland

New firm-level analysis undertaken in tandem with the OECD Economic Survey of Ireland 2018 finds that the majority of businesses in Ireland have actually experienced falling productivity since the mid-2000s.




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Will the inflation genie escape the bottle? New evidence on globalisation, competition and inflation

Markets and commentators are speculating that there may be a sustained pick-up in inflation in the United States, after years of subdued price pressures. Along with continued solid US jobs growth and low unemployment, there are tentative signs of higher wage growth and the fiscal stimulus will also boost short-term growth. Global growth is also getting stronger.




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Costa Rica: Distribuir los beneficios del crecimiento más ampliamente

La economía de Costa Rica es sólida y continúa convergiendo hacia los niveles de vida de los países miembros de la OCDE.




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Mr. Angel Gurría, Secretary-General of the OECD, in Athens on Monday 30 April 2018

Mr. Angel Gurría, Secretary-General of the OECD, will be in Athens on Monday 30 April 2018 to present the 2018 OECD Economic Survey of Greece, alongside Mr. Alexis Tsipras, Prime Minister of Greece.




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Boosting export performance in Chile

Chile’s export growth has disappointed over the past two decades. In particular, exports of goods and services - in volume - have only grown at 1.1% annually over 2009-17 and at around 2.0% for non-copper products and services, compared to 4.2% in the average Latin American country.




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Thailand is advancing in participatory and evidence-based regulatory reform

Reforming the public sector, long a priority for Thailand, involves several challenges. Among these, insufficient public participation in policy-making is undermining the efficient allocation of resources toward public needs and development goals.




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OECD Workshop on digital financial assets

Paris, 15-16 May 2018 - This workshop will focus on recent developments and main policy challenges related to the emergence of digital financial assets. Discussions will cover monetary policy and financial systems, regulation, firms’ business and funding models, and taxation.




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Sustainably financing pensions and healthcare in Thailand

Thailand has made remarkable socio-economic progress over the past several decades. Poverty has plummeted and access to education and health services has become near universal.




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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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The deterioration of the public spending mix during the global financial crisis: Insights from new indicators

The analysis suggests that countries with a counter-cyclical fiscal stance typically have a public spending structure that is more supportive of inclusive growth.




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Benefit reform for employment and equal opportunity in Finland

The combination of different working-age benefits, childcare costs and income taxation creates complexity, reduces work incentives and holds back employment.




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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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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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Mr. Angel Gurría, Secretary-General of the OECD, in Washington on 6-7 June 2018

Mr. Angel Gurría, Secretary-General of the OECD, will be in Washington on 6-7 June 2018 to present the 2018 OECD Economic Survey of the United States.While in Washington, the Secretary-General will hold bilateral meetings with several US high level officials.




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OECD appoints Laurence Boone as new Chief Economist

OECD appoints Laurence Boone as new Chief Economist




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Amid strong outlook for U.S. economy, risks abound

The U.S. economy is experiencing one of the longest expansions on record, but the scars left by the Great Recession, as well as challenges posed by globalization and automation shocks, remain visible across the country, according to a new report from the OECD.




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Mr. Angel Gurría, Secretary-General of the OECD, in Berlin on 11-12 June 2018

Mr. Angel Gurría, Secretary-General of the OECD, will be in Berlin on 11-12 June 2018 to attend a meeting with Chancellor Merkel and Heads of International Organisations. While in Berlin, the Secretary-General will also present the 2018 OECD Economic Survey of Germany.




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1st Joint IMF-OECD-World Bank Conference on Structural Reforms

1st Joint IMF-OECD-World Bank Conference on Structural Reforms




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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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Network service deregulation and manufacturing exports in Greece

Network sectors (energy, transport and communications) have undergone a process of liberalisation in Greece in more than a decade.




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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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Mr. Angel Gurría, Secretary-General of the OECD, in Madrid 13-15 June 2018

Mr. Angel Gurría, Secretary-General of the OECD, was in Madrid 13-15 June 2018. The Secretary-General delivered remarks at the event organised by the Consejo Iberoamericano para la Competitividad y Productividad: "Innovación gubernamental para un Estado al servicio de la Sociedad".




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Could current inflation targeting frameworks be improved?

As discussed in the latest OECD Economic Outlook, the prolonged undershooting of inflation targets, despite massive monetary policy stimulus and stronger economic growth and lower unemployment, raises issues about the appropriateness of current inflation targeting frameworks in advanced economies. While the frameworks differ in detail and implementation, they are principally based on medium-term inflation objectives of 2%.




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Further reforms needed for a stronger and more integrated Europe

The European economy is growing robustly, helped by accommodative monetary policy, mildly expansionary fiscal policy and the global acceleration. The current economic expansion should be used to speed up implementation of reforms to the euro area architecture and EU policies that would support greater European integration and ensure stronger, more inclusive long-term growth, according to two new reports 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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Mr. Angel Gurría, Secretary-General of the OECD, in The Hague on 2 July 2018

Mr. Angel Gurría, Secretary-General of the OECD, will be in The Hague on 2 July 2018 to present the 2018 OECD Economic Survey of The Netherlands. While in The Hague, the Secretary-General will hold bilateral meetings with several Ministers and high-level officials of The Netherlands.




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Tunisia's inclusion in global value chains and the role of offshore companies

Tunisia’s trade, Tunisia's openness and its integration into global value chains has improved significantly since the mid-1990s, reflecting the country's comparative advantages.




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Financing innovative business investment in Poland

Poland’s productivity has grown strongly over the past two decades. However, the public and private capital stock is weak, and investment remains focused on the adoption of existing technologies, which weighs on future productivity gains and innovation.




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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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Economic Survey of the Netherlands 2018

The Netherlands is experiencing vibrant economic activity, with gross domestic product (GDP) at about 8% above its pre-crisis peak and the unemployment rate below 4%. Growth picked up to above 3% in 2017, which was well above the euro area and OECD averages.




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Further reforms can foster more inclusive labour markets in The Netherlands

Economic performance in The Netherlands is vibrant and growth is expected to remain robust, underpinned by sound public finances, healthy job creation and high levels of confidence. The current economic expansion should be used to speed up implementation of reforms to ensure future stability and support more inclusive labour markets, according to a new report from the OECD.




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The quantification of structural reforms: Taking stock of the results for OECD and non-OECD countries

This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes.




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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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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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OECD economic scenarios to 2060 illustrate the long-run benefits of structural reforms

Policy choices made today can have important positive effects on future living standards, according to new long-term economic scenarios released by the OECD.




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Mr. Angel Gurría, Secretary-General of the OECD, in Prague on 16 July 2018

Mr. Angel Gurría, Secretary-General of the OECD, will be in Prague on 16 July 2018 on an official visit. He will present the 2018 OECD Economic Survey and the Environmental Performance Review of the Czech Republic.




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Structural Policy Indicators Database for Economic Research (SPIDER)

Structural Policy Indicators Database for Economic Research (SPIDER)




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The quantification of structural reforms: Introducing country-specific policy effects

This paper presents country-specific effects of structural reforms. It discusses how sizeable and interesting country-specific effects can be identified in a panel setting by conditioning the impact of individual policies on their own level or on the stance of other policies and institutions.




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An empirical investigation on the drivers of income redistribution across OECD countries

Income inequality has increased in most OECD countries over the past two decades. This has come about both because incomes before taxes and transfers have become more unequally distributed, and because the extent of redistribution through taxes and transfers has fallen.




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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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Improving the quality of business investment in Turkey

Turkey’s business sector exhibits one of the highest investment rates among OECD countries.




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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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The sustainable management of a productive natural capital

This paper examines an industry whose economic activity uses a natural capital on which its profit also relies.




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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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Sovereign defaults: Evidence on the importance of government effectiveness

This paper provides robust empirical evidence that government effectiveness is a key determinant of sovereign defaults.