Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in particular when measured in value added terms.

Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in particular when measured in value added terms.

Ambitious structural reforms and sound macroeconomic policies have strengthened the resilience of the Mexican economy despite a complex national scenario and challenging global conditions, but more can be done to boost productivity and ensure that growth is inclusive enough to achieve better living conditions for all, according to a new report from the OECD.

This paper explores the extent to which “zombie” firms – defined as old firms that have persistent problems meeting their interest payments – are stifling labour productivity performance.

Stronger signals of growth momentum picking-up in several major OECD economies

Widespread increases in inequality over the past three decades have raised the question of whether growth in itself is a driver of income inequality.

This paper explores the extent to which “zombie” firms – defined as old firms that have persistent problems meeting their interest payments – are stifling labour productivity performance.

Well-known global companies such as Google, Apple and Amazon of the digital era as well as more traditional ones of the likes of BMW, L’Oreal and Nestlé have recorded impressive productivity gains over the 2000s as they created more and more revenue per employee. At the same time, aggregate productivity growth in the OECD – that reflects the performance of all businesses not just the few most successful ones – has stagnated.

Composite leading indicators continue to point to growth gaining momentum in several advanced economies

Sweden ranks among the OECD’s frontrunners in terms of gender equality. Women have a high employment rate, outperform men in education and are well represented in government and parliament.

Promoting inclusive growth in India requires improving social and physical infrastructure.

Stable growth momentum in the OECD area

Composite leading indicators point to stable growth momentum in the OECD area going forward

Innovation is key to boosting Australia’s productivity and inclusiveness.

Composite leading indicators continue to point to stable growth momentum in the OECD area

The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy.

New Zealand has experienced robust economic growth since 2012, buoyed by record levels of inward migration and strong terms of trade. Employment has expanded vigorously, reversing much of the increase in unemployment since the onset of the global financial crisis.

Sweden is an egalitarian society in international comparison, and has managed to combine equity with economic efficiency.

Productivity growth will be the main driver of global economic growth and prosperity over the coming decades. For New Zealand, this represents both a challenge and an opportunity, as NZ productivity is below that of leading OECD countries.

New Zealand enjoyed strong economic growth during 2016, driven by high net inward migration, solid construction activity, booming tourism and supportive monetary policy, although in per capita terms growth has been more in line with that in other advanced economies.

This paper contributes to the empirical literature investigating reasons for the fall in real interest rates in advanced economies.

This paper explores cross-country differences in the design of insolvency regimes and their potential links with two inter-related sources of labour productivity weakness: the survival of "zombie" firms (firms that would typically exit in a competitive market) and capital misallocation.

International cooperation is now more critical than ever, OECD Secretary-General Angel Gurría said following a G20 Leader’s Summit marked both by controversy but also advances on a range of policies to tackle global challenges.

Composite leading indicators continue to point to stable pace of expansion in the OECD area

The South African economy has registered tremendous progress over the past two decades, boosting living standards and lifting millions out of poverty nationwide.

Despite improvements over the past few decades, Slovak health outcomes remains poor compared with most other OECD countries, even after controlling for differences in per capita income and other social, cultural and lifestyle factors.

Stable growth momentum in the OECD area

Composite leading indicators continue to point to stable growth momentum in the OECD area

Financial globalisation has given international capital flows a central role in the functioning of the global economy and has therefore led to considerable economic research over the past 30 years.

International trade plays an important role in the Estonian economy. Around a half of the private sector employment is sustained by foreign demand, twice as much as the OECD average.

OECD CLIs point to stable growth momentum in the OECD area

Luxembourg’s large foreign-born population is a pillar of the country’s prosperity: they have brought skills and knowledge to many sectors of the economy.

New Zealand ranks highly on most indicators of well-being, but incomes are below the OECD average due to low labour productivity.

Technological change is increasing the productivity of highly skilled workers but creating more challenging labour-market conditions for their low-skilled counterparts.

OECD CLIs continue to point to stable growth momentum

Building on a large volume of cross-country research, the OECD project on “Exit Policies and Productivity Growth” presents new evidence on policies affecting the exit and restructuring of weak firm and the channels through which they shape aggregate productivity growth.

The database contains indicators capturing structural policies (including institutions, framework condition policies and policies specifically related to labour markets and drivers of productivity and investment such as trade, skills and innovation).

This paper explores the connection between “zombie” firms (firms that would typically exit in a competitive market) and bank health and the consequences for aggregate productivity in 11 European countries.

This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity (MFP) is sensitive to alternative parameterisations.

Weak productivity growth is a major problem afflicting most societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence firms that would typically exit or be forced to restructure in a competitive market.

Stable growth momentum going forward in the OECD area

The mixed growth performance of emerging market economies has revived angst about a "middle-income trap".

Switzerland makes more use of its human resources than most other OECD countries. Labour force participation is high and the unemployment rate low for most segments of society.

Switzerland is among the leaders in many global rankings including on R&D, innovation, infrastructure, universities and competitiveness. It is well integrated in global value chains, specialised in some high-value-added activities and home of many large multinationals. These factors should contribute to high, and rising, labour productivity.

France’s health-care system offers high-quality care. Average health outcomes are good, public satisfaction with the health-care system is high, and average household out-of-pocket expenditures are low.

Composite leading indicators continue to point to stable growth momentum in the OECD area

Stable growth momentum in the OECD area

The Irish economy is recovering robustly. Business investment by local firms has picked up, household consumption is reviving while the boost to jobs and a rapidly declining unemployment rate have led to strong wage growth in a number of sectors, says a new OECD report.

Today’s excellent outlook offers Israel a unique opportunity to prepare for the challenges of the future which require stronger social cohesion. Israeli society is indeed marked by large inequalities.

Inequality and relative poverty in Israel remain high, particularly among Arab-Israelis and Haredim (Ultra-Orthodox).x