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Is there convergence of Russia’s regions? Exploring the empirical evidence: 1995–2010

This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995-2010, when regional data are available.




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Global economy recovering at moderate pace but more risks ahead, says OECD

The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook.




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Fairly sharing the social impact of the crisis in Greece

Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased.




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The automotive sector: Steering beyond the crisis

The car industry has taken a dent since the recession started to bite in 2008, but even before then, new patterns were emerging that would reshape the sector for a long time to come.




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OECD forecasts during and after the financial crisis: a post mortem

This note discusses OECD forecast performance over the period 2007 12. It focuses on the lessons that can be learned from cross-country differences in growth forecast errors and the changes to forecasting models and procedures that have been prompted by the experience of the crisis.




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Czech Republic is recovering, but more must be done to jump-start income convergence with euro area countries, OECD says

The Czech economy is finally coming out of a prolonged recession but must take further steps to speed up income convergence towards the euro area countries, according to the OECD’s latest Economic Survey of the Czech Republic.




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France: Restoring competitiveness

Enhancing the productivity and competitiveness of the French economy will demand action on innovation and research, competition, education and vocational training, as well as on the functioning of the labour market, on public-sector efficiency, and on fiscal policy.




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Comparing the robustness of PAYG pension schemes

This paper provides a framework for comparing a defined benefit (DB) and a defined contribution (DC) point schemes, which are both pay-as-you go (PAYG) financed.




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Fostering a creative economy to drive Korean growth

A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level.




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An exploration of the determinants of the subjective well-being of Americans during the Great Recession

This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective well-being reflected in the OECD Better Life Framework impact subjective well-being.




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Fostering inclusive growth in Turkey by promoting structural change in the business sector

Turkey’s business sector dynamism has underpinned broad-based and inclusive growth in the 2000s. However, the business sector is highly segmented, with a relatively small core of modern high-productivity corporations, and myriad small, less formal and low-productivity entities.




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Norway has some good measures to combat money laundering and terrorist financing, but significant weaknesses undermine overall effectiveness, says FATF

Norway has taken some good initiatives to combat money laundering and terrorist financing, but needs to establish overarching policies and strategies, and address significant weaknesses in a number of key areas, according to a new report by the Financial Action Task Force.




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Challenges and opportunities of India’s manufacturing sector

Stronger manufacturing would increase productivity and make growth more inclusive, while contributing to improved current account balance. In particular, India should aim for more formal jobs, as these tend to be the most secure and of highest productivity.




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Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




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Sharing the fruits of growth with all Mexicans

The government has introduced major structural reforms to fight poverty, improve the quality of education, create more jobs in the formal sector and move towards a universal social security system. This is a substantial accomplishment. However, Mexico needs to build a more inclusive state.




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Spurring growth in lagging regions in the Slovak Republic

Regional inequality in Slovakia is among the highest in the OECD and is increasing. The main reason for regional disparity is the combination of low economic growth and job creation in the eastern and central part of the country and insufficient labour mobility to the west, in particular by low-skilled workers.




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Restoring the financial sector and corporate deleveraging in Slovenia

Excessive credit growth, poor risk assessment and lax lending standards in the run up to the 2008 global crisis led to unsustainable debt build-up in banks and related corporates.




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Bringing all Chileans on board

The Chilean economy has had an extraordinary performance over the last decades with strong growth and declining poverty rates. This paper discusses how to achieve greater social inclusiveness against the background of weaker medium-term growth.




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European economy is slowly recovering but legacies of the crisis remain and new challenges are emerging

The European economy is gradually recovering but further policy action will be required to address unresolved legacies of the global economic crisis that are weighing on growth and major new concerns that have emerged, according to two new OECD reports.




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Achieving and sharing the benefits of globalisation

Yesterday’s OECD Interim Economic Outlook warns that trade growth is slowing, contributing to another slowing of global GDP growth in 2016 and with few signs of improvement for 2017.




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Malaysia: Boosting productivity key to fostering inclusive growth

Malaysia’s economy has proven resilient to global headwinds, but more can be done to boost innovation, raise productivity and shift to a more sustainable growth path that will boost living standards for all, according to two new reports from the OECD.




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Rebalancing Turkey’s growth by improving resource allocation and productivity in manufacturing

Turkey’s manufacturing sector has expanded considerably but not efficiently and competitively enough.




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Rebalancing Turkey’s growth by improving resource allocation and productivity in manufacturing

Turkey’s manufacturing sector has expanded considerably but not efficiently and competitively enough.




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Fostering productivity for income convergence in the Czech Republic

Over the past two decades, the income level of the Czech Republic has converged considerably towards the OECD average.




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Fostering productivity for income convergence in the Czech Republic

Over the past two decades, the income level of the Czech Republic has converged considerably towards the OECD average.




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Fostering inclusive growth in Malaysia

Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality.




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Pollution havens? Energy prices are not key drivers of offshoring

New evidence on the effect of energy prices on outward FDI can provide some reassurance in light of concerns about Pollution Havens.




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Conquering utopia anew – Income inequality in Sweden

Equality, a long-standing hallmark of Swedish society, carries multiple benefits in terms of economic performance, trust, opportunity and well-being.




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Fostering innovative business investment in Spain

Spain has chronically low productivity growth, which undermines its ability to generate higher living standards.




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Collective bargaining in Iceland: sharing the spoils without spoiling the shares

Icelandic labour market is flexible with high labour market participation, low unemployment, and labour supply dynamically responds to the economic cycle.




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Sharing the benefits of China’s growth by providing opportunities to all

Living standards in China have greatly improved over the past few decades. Both sustained economic growth and an expansion of the social security system have contributed to a sharp reduction in the number of people in poverty.




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Ensuring fiscal sustainability in Japan in the context of a shrinking and ageing population

With gross government debt of 219% of GDP in 2016, Japan’s fiscal situation is in uncharted territory and puts the economy at risk.




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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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Labour market and collective bargaining in Iceland: sharing the spoils without spoiling the shares

Iceland has high living standards, low poverty, high inclusiveness and one of the most sustainable pension systems.




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The middle income plateau: trap or springboard?

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




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Ensuring a dynamic skills-training and life-long learning system in Switzerland

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.




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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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Ireland recovering strongly but weak productivity and Brexit cloud outlook

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.




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Basic income or a single tapering rule? Incentives, inclusiveness and affordability compared for the case of Finland

This paper compares Finland’s benefit system with two benefit reform scenarios: a uniform benefit for all ("basic income") and a universal tapering rule ("universal credit").




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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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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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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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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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Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




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OECD and FAO expect stronger agricultural production, lower prices over coming decade - Rising incomes in developing world spurring demand for food, dietary changes

Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, but nonetheless, prices will likely remain at levels above those in the early-2000s, according to the latest Agricultural Outlook report produced by the OECD and FAO.




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Next step towards transparency in international tax matters: Five new jurisdictions sign tax co-operation agreement to enable automatic sharing of country-by-country information

As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Brazil, Guernsey, Jersey, the Isle of Man and Latvia signed today the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports, bringing the total number of signatories to 49.




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Empowering the 40% of young Latin Americans not in formal jobs, education or training could spark new growth engines, says latest Latin American Economic Outlook

Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. According to the Latin American Economic Outlook 2017, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.




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Measuring Tax Support for R&D and Innovation - country profiles

The 2017 OECD R&D tax incentive country profiles provide detailed information on the design features and cost of tax provisions used by countries to incentivise R&D performance by businesses, reporting on both long-term and recent trends.




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Ensuring Transparency and Integrity in Lobbying

On 8 June 2012 an International Seminar on « Ensuring Transparency and Integrity in Lobbying : Towards a Regulatory Framework » will take place in Moscow, Russia.