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Argentina: Further reforms are needed to boost sustainable and inclusive growth

Argentina is making progress in its path to advance its growth agenda. The first OECD Multi-dimensional Economic Survey of Argentina underlines the achievements to date of the government’s recent and comprehensive programme of macroeconomic and structural reforms.




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France: Economy is expanding but reforms needed to maintain benefits and boost jobs

The French economy is expanding, the labour market is recovering – albeit gradually - while productivity and the standard of living remain generally high, according to a new OECD report.




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Estonia: Policy action is needed for stronger and more inclusive growth

Estonia: Policy action is needed for stronger and more inclusive growth




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Financial inclusion and women entrepreneurship: evidence from Mexico

Financial inclusion and women entrepreneurship concern policymakers because of their impact on job creation, economic growth and women empowerment.




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Achieving strong and balanced regional development in India

While India’s per capita income is converging towards that of the richer countries, inequality has drifted up.




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Enhancing advanced skills to better meet labour market demand in the Slovak Republic

Changing labour market demand and moving up the global value chain requires high-skilled workers.




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Do government transfers reduce poverty in China? Micro evidence from five regions

This paper estimates urban and rural poverty rates across five Chinese administrative regions (Shanghai, Liaoning, Guangdong, Henan and Gansu) in 2014 using representative household level data from the China Family Panel Studies survey.




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Structural policy indicators database for economic research (SPIDER)

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).




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Breaking the shackles: zombie firms, weak banks and depressed restructuring in Europe

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.




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Getting the most out of trade in Estonia

Estonia is highly integrated into the global trade system: it exports approximately 80% of GDP and around half of domestic employment is sustained by foreign demand.




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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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Consumer Prices, OECD - Updated: 5 December 2017

OECD annual inflation down to 2.2% in October 2017, as energy price inflation slows




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Composite Leading Indicators (CLI), OECD, December 2017

Stable growth momentum going forward in the OECD area




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The distribution of taxable income and fiscal benefits in Spain: new evidence from personal income tax returns (2002-2011)

The personal tax system has a large influence on incentives to work, save and invest and hence growth. At the same time it is a key policy lever for income redistribution.




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Export and productivity in global value chains – comparative evidence from Latvia and Estonia

This paper investigates the effect of export entry on productivity, employment and wages of Latvian and Estonian firms in the context of global value chain (GVC).




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Deepening regional integration within the Southern African Development Community (SADC)

Deepening regional integration within the Southern African Development Community (SADC) will raise potential growth for all member countries.




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Switzerland’s productivity puzzle: Being a leader and an underperformer

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.




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Vacancy for Economist, OECD Economics Department

Vacancy for Economist, OECD Economics Department




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Vacancy for Senior Economist, OECD Economics Department

Vacancy for Senior Economist, OECD Economics Department




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Public spending in education and student’s performance in Colombia

This paper investigates if higher public spending in education and better teacher qualifications are related to student’s performance, using data from Saber 11, a national standardized test conducted by Instituto Colombiano para la Evaluación de la Educación.




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Chile debería aprovechar el repunte económico para abordar la baja productividad y tomar medidas para reducir la alta desigualdad

Las perspectivas de crecimiento favorable ofrecen a Chile una oportunidad para abordar sus bajos niveles de productividad comparados con los de otras economías desarrolladas, mejorar el acceso al empleo de calidad, y tomar medidas para reducir su desigualdad persistentemente alta, según un nuevo informe de la OCDE.




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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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United we stand divided we fall: the need for greater inclusiveness in Israel

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.




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Statistical Insights: New OECD-WTO data provides coherent and comprehensive view of Global Trade in Services

Services comprise a growing share of international trade. Yet detailed statistics on which countries trade which services with which partners remain patchy.




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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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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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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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The Greek economy is recovering. Improving debt sustainability, tackling poverty and boosting investment are vital to sustaining the positive momentum.

Greece’s recovery from deep economic depression is finally gaining traction, according to the OECD. Economic growth has started to pick up led by a rise in exports while labour market reforms have improved competitiveness and are helping to create jobs.




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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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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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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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Miracle or Mirage: What role can trade policies play in tackling global trade imbalances?

Global trade imbalances narrowed in the aftermath of the global financial crisis. They have remained at a lower level but are still of concern to policy makers because of the risks they pose to individual economies, as well as globally.




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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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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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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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Structural Policy Indicators Database for Economic Research (SPIDER)

Structural Policy Indicators Database for Economic Research (SPIDER)




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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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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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Limits to government debt sustainability in middle-income countries

This paper investigates the effect of structural characteristics on debt limits of middle income countries.




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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.




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Delivering on the promise of better outcomes for Canadian women

The current Canadian government has declared itself feminist and has taken a number of steps to improve labour market outcomes for women. In terms of employment and labour force participation, Canadian women do much better than the OECD average.




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The global impact of weaker demand growth in China

Greater international integration has modified the transmission channels and the impact that external shocks have on domestic economies via increased trade openness and exposure to global financial developments.




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Issuing GDP-linked bonds: Supply and demand can match

This paper compares supply and demand to assess to what extent there can be a market for GDP-linked bonds (GLBs).




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Labour share developments over the past two decades: The role of technological progress, globalisation and "winner-takes-most" dynamics

Over the past two decades, real median wage growth in many OECD countries has decoupled from labour productivity growth, partly reflecting declines in labour income shares.




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Design of insolvency regimes across countries

This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators constructed from countries’ responses to a recent OECD policy questionnaire.




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OECD sees global growth moderating as uncertainties intensify

The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, according to the OECD’s latest Interim Economic Outlook.




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David Henderson 1927-2018

David Henderson, Chief Economist of the OECD from 1983 until his retirement in in 1992, died on 30 September 2018, aged 91.