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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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Zombie firms and weak productivity

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.




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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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The quantification of structural reforms: extending the framework to emerging market economies

This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries.




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Zombie firms and weak productivity: what role for policy?

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.




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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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Global upswing should be used to implement structural reforms to boost incomes and well-being – for the longer term and for all

Governments must implement comprehensive structural reform programmes to sustain stronger, greener and more inclusive growth that will extend beyond the current cyclical upswing, according to the OECD’s annual Going for Growth report.




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

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




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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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Opioid addiction costs many lives and harms livelihoods

In the past decade, overdose deaths have surged, particularly as (illicit) synthetic opioids have become more available. Opioid-related deaths touch urban and rural communities alike and are spreading to affect all demographic groups.




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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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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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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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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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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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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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Further reforms will promote a more inclusive and resilient Indonesian economy

A steady economic expansion in Indonesia is boosting living standards, curbing poverty and offering millions of people greater access to public services.




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Regulatory framework for the loan-based crowdfunding platforms

In a growing number of OECD countries policymakers are designing specific regulations for lending-based crowdfunding platforms.




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Reforms are essential for Brazil to build on recent success, says OECD

The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.




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Improving Agricultural Knowledge and Innovation Systems: OECD Conference Proceedings

How can government policies move towards increasing agricultural innovation and improving productivity? This OECD conference shared case studies and ideas from Europe, China, United States, India, Africa, Brazil, Australia and New Zealand.




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Economic Policy Reforms: Going for Growth 2012 - Brazil Country Note

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.




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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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Avoiding debt traps: financial backstops and structural reforms

In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics.




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Inspections Reforms: Why, How and With What Results

This report summarises experience of OECD and non-OECD countries with reforming inspections, attempts to present some of the most interesting and successful experiences suggesting that some good practices may be valid beyond the countries where they were initially pioneered.




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Fiscal federalism and its impact on economic activity, public investment and the performance of educational systems

Intergovernmental fiscal frameworks usually reflect fundamental societal choices and history and are not foremost geared towards achieving economic policy objectives. Yet, like most institutional arrangements, fiscal relations affect the behaviour of firms, households and governments and thereby economic activity.




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Better civil justice systems can boost investment, competition, innovation and growth, OECD says

Well-functioning judicial systems play a crucial role in determining economic performance – notably by guaranteeing the security of property rights and the enforcement of contracts – but not all countries’ judiciaries operate at the same level of efficiency.




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Emerging Asia to see healthy medium-term growth but institutional reforms will be critical for future, says the OECD Development Centre

While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.




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Further reforms needed to tackle growing risk of pensioner poverty

Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.




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Japan will need reforms to ease economic blow of a shrinking workforce

Japan must make revitalising growth its number one priority with reforms to boost productivity and encourage more women and older people into jobs to compensate for its rapidly shrinking labour force, according to the OECD.




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OECD Toolkit aims to spur high-speed Internet use in Latin America & the Caribbean

Internet access and use is growing in Latin America and the Caribbean (LAC), but the region needs to move faster in adding broadband infrastructure, expanding access and services and equipping people with the right skills for firms and households to fully benefit, according to a new OECD report.




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Urbanisation and Complex Systems - Insights blog

OECD Insights blog on how new sources of urban data and urban scaling phenomenon can inform planners and urban developers.




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MENA countries need structural reforms to spur trade, investment, jobs and trust

Middle Eastern and North African countries should press ahead with further economic and structural reforms to boost flagging trade and investment, restore public trust and create jobs for the region’s young population, the OECD told ministers from the region today.




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Measuring the impact of digitalising the formalities of the Mexican Social Security Institute, IMSS

OECD will measure the impact of digitalising the Mexican Social Security Institute formalities and guide future efforts on simplification




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Public consultation on the revised Methodology for Assessing Procurement Systems (MAPS)

The public consultation took place from 1 August to 31 October 2016.




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Tax planning by multinational firms: Firm-level evidence from a cross-country database

This paper exploits firm-level data from the ORBIS database to assess international tax planning by multinational enterprises (MNEs).




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Resolving complex problems - the challenge for governments

Blog argues that governments should stop approaching complex challenges through the limitations of their institutions and explore innovative ways of problem solving.




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How to stop the slide from info-storms to post-factual democracy

Information is in no short supply these days. Indeed, as comedian Joey Novick has pointedly remarked: “The information in the world doubles every day. What they don’t tell us is that our wisdom is cut in half at the same time.”




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OECD calls for reform of governance of state-owned firms in the Middle East and North Africa

Middle Eastern and North African countries should reform the governance of their state-owned enterprises to bring about greater public accountability and improve their efficiency, according to a new OECD report.




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Boardrooms in transition

Recent years have brought a flood of stories about dubious standards in business. In the past, many of these might not have impinged on the public’s consciousness. But in today’s interconnected world, consumers and stakeholders are raising the bar for what’s acceptable in corporate behaviour. It’s up to boards and board members to ensure that businesses meet those expectations.




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Investment Treaties and Shareholder Claims for Reflective Loss: Insights from Advanced Systems of Corporate Law, International Investment Working Paper 2014/2

This paper examines shareholder claims for reflective loss under investment treaties in light of comparative analysis of advanced systems of corporate law; considers the impact of allowing shareholder claims for reflective loss on key characteristics of the business corporation; and explores possible responses by different categories of investors to the availability of shareholder claims for reflective loss under investment treaties.




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Corporate Governance for Asian Publicly Listed Family-Controlled Firms

This report describes the economic landscape of publicly listed family firms in Asia and looks at the importance of these entities to the region and beyond. It highlights how an effective corporate governance system can improve performance and create value by reducing the cost of equity and reducing capital waste.




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AI and Europe’s medium-sized firms: How to overcome an Achilles heel

Artificial intelligence could become very real in the world of business. But funding needs to be corrected first for medium-sized firms, where millions of jobs are at stake.




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Ireland Jobseekers Benefit Claims

Initial Jobless Claims in Ireland increased to 58000 Persons in April from 53992 Persons in March of 2020. Initial Jobless Claims in Ireland averaged 65049.41 Persons from 1967 until 2020, reaching an all time high of 196988 Persons in July of 2009 and a record low of 20203 Persons in September of 1967. This page provides - Ireland Jobseekers Benefit Claims- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Tunisia Terms Of Trade

Terms Of Trade in Tunisia decreased to 95.20 Index Points in September from 95.30 Index Points in August of 2019. Terms Of Trade in Tunisia averaged 99.59 Index Points from 2000 until 2019, reaching an all time high of 110.10 Index Points in February of 2006 and a record low of 86.40 Index Points in March of 2000. This page provides - Tunisia Terms Of Trade- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Algeria Terms Of Trade

Terms Of Trade in Algeria decreased to 81.60 points in the fourth quarter of 2018 from 89.50 points in the third quarter of 2018. Terms Of Trade in Algeria averaged 66.18 points from 2001 until 2018, reaching an all time high of 115.90 points in the first quarter of 2013 and a record low of 2.30 points in the fourth quarter of 2002. In Algeria, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods. This page provides - Algeria Terms Of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.