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Strengthening skill use and school-to-work transitions in the Czech Republic

The education system has reacted slowly to changes in labour market needs, leading to an increasing number of school leavers without sufficient qualification. In addition, declining PISA scores and a rising share of low achievers are raising concerns about the quality of the future labour force.




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Maintaining an efficient and equitable housing market in Belgium

Housing conditions in Belgium are among the best in OECD countries according to the Better Life Index, as dwellings are of high quality and large, and housing costs are average.




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Labour market mismatch and labour productivity: evidence from PIAAC data

This paper explores the link between skill and qualification mismatch and labour productivity using cross-country industry data for 19 OECD countries.




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Slovenia needs to increase reform efforts for a return to stronger growth

Economic reforms have helped Slovenia recover from the crisis, but further action is needed to strengthen the banking and corporate sectors, stabilise debt and create jobs, according to the latest OECD Economic Survey of Slovenia.




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Africa: making growth more inclusive hinges on unlocking potential of local economies, says the African Economic Outlook 2015

With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.




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Recent trends in productivity in China – shift-share analysis of labour productivity growth and the evolution of the productivity gap

This paper first decomposes labour productivity growth over 2000-11 into a within-industry, a shift and a cross effect in a number of countries and compares China with other countries over this period. This shift-share analysis also allows a comparison of within-sector productivity gains across a large number of sectors and countries.




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What impedes household investment in energy efficiency and renewable energy?

This paper reviews different explanations for apparent underinvestment in energy efficiency that have been put forward in the literature. It also provides new evidence regarding barriers to investment in energy efficiency based on the OECD Survey on Household Environmental Behaviour and Attitudes.




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Reforming the pension system to increase coverage and equity in Colombia

Colombia is one of the most unequal countries in Latin America. The high level of informality in the labour market and many characteristics of the pension system leave many elderly in poverty. Only formal-sector employees earning more than the relatively high minimum wage are covered.




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Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment

This paper compares two competing empirical specifications across all OECD economies, where competing specifications correspond to the 'former' and 'new' specification for deriving measures of the unemployment gap which underlie the OECD’s Economic Outlook projections.




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Skills and inclusive growth in Sweden

Educational outcomes could be improved through raising the attractiveness of the teacher profession, improving teacher education and increasing support for struggling students. A more flexible labour market would facilitate access to jobs for youth with low qualifications and immigrants.




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Skills and labour market performance in Sweden

Both educational attainment and skills, as measured in the OECD Survey of Adult Skills (PIAAC), are high in Sweden. They are not perfect substitutes, but both are to some degree necessary for successfully integrating in the Swedish labour market.




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Strengthening investment key to improving world economy’s B-minus grade, says OECD

Global growth will gradually strengthen towards its pre-crisis trend rate by late 2016 as activity becomes more evenly shared across the major economies and overall external imbalances are less marked than in the run-up to 2007, according to the OECD’s latest Economic Outlook.




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OECD Ministers launch new framework to boost sustainable investment

OECD Ministers have endorsed updated guidelines to help national governments and regional groups create the right conditions to attract domestic and foreign investment.




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OECD Ministers reinforce importance of investment for strong, green and inclusive growth

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.




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Productivity spillovers from the global frontier and public policy: industry level evidence

The slowdown in productivity growth over the past decade underscores the idea that as economies converge toward the global technological frontier, the ability to capitalise on new innovations developed at frontier becomes more important.




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Low interest rates threaten solvency of pension funds and insurers

The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.




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Governments should target prudent debt levels and fiscal rules will help get there

Governments should set prudent debt targets to ensure that public finances serve to promote economic growth and stability, according to new OECD research.




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Raising competitiveness and long-term growth of the Slovenian economy

Important reforms have been implemented which raised credibility of Slovenia in the financial markets and boosted confidence. But economic recovery has been sluggish, many people are unemployed and living standards still remain below the pre-crisis levels.




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An inclusive South Africa needs more investment and jobs

South Africa has made impressive social progress over the past two decades, lifting millions of people out of poverty and broadening access to essential services like water, electricity and sanitation.




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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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Enhancing the financing of the real economy and financial stability in the United Kingdom

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a number of measures were taken to support credit supply.




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Non-standard contracts, flexibility and employment adjustment: empirical evidence from Russian establishment data

This paper examines the use of two forms of non-standard work contracts in Russia with data from an enterprise survey for the years 2009 to 2011. Non-standard work contracts are less costly and more flexible for employers. Internal adjustment in form of wage cuts or unpaid leave is not covered by the Labour Code and earlier practices to impose such measures are less tolerated.




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Structural policies and productivity: evidence from Portuguese firms

This paper provides empirical evidence on links between the productivity of Portuguese firms and a number of policy variables in Portugal. The analysis is based on a census of Portuguese manufacturing companies, covering more than 40,000 firms between 2006 and 2011.




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Enhancing dynamism and innovation in Japan's business sector

Innovation is key to boosting economic growth in the face of a rapidly ageing population. While Japan spends heavily on education and R&D, appropriate framework conditions are essential to increase the return on such investments by strengthening competition, both domestic and international, and improving resource allocation.




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Gender equality and economic growth in India: a quantitative framework

This paper studies how public policies, including pro-women interventions, can raise female labour force participation and promote economic growth in India.




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Ireland needs to sustain reform momentum to secure economic recovery and ensure it benefits all

A strong commitment to reform and a business-friendly environment have helped Ireland return to robust economic expansion, offering the government an opportunity to heal the scars of the crisis, according to the latest OECD Economic Survey of Ireland.




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The costs of flexibility-enhancing structural reforms: a literature review

This survey highlights the key results of the empirical literature concerning the costs of flexibility-enhancing reforms in product and labour markets.




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Children paying a high price for growing inequality, OECD How’s Life? report finds

Children are paying a high price for today’s growing inequality, according to a new OECD report.




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Brazil faces critical moment to put economy back on track

Brazil has made remarkable social and economic progress in the past two decades, but must now overcome important challenges if it is to put its economy on a stronger, fairer, greener growth trajectory, according to two new reports from the OECD.




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Frontier firms, technology diffusion and public policy: Micro evidence from OECD countries

This paper analyses the characteristics of firms that operate at the global productivity frontier and their relationship with other firms in the economy, focusing on the diffusion of global productivity gains and the policies that faciliate it.




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Enhancing competitiveness, purchasing power and employment by increasing competition in France

Over the past decade, France has substantially eased the burden of anti competitive regulations and effectively enforced competition law against anti-competitive practices.




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The negative effect of regulatory divergence on foreign direct investment

The determinants of foreign direct investment (FDI) are explored with gravity models, using a Poisson estimator and a linear estimator, both with fixed effects.




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Austria's separate gender roles model was popular in the past, but is becoming a constraint for comprehensive wellbeing

Austria has a model of "separate gender roles" in work, family and life arrangements which persists despite efforts to better balance these roles.




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Towards more gender equality in Austria

Gender mainstreaming with the aim of more gender equality ranks high on the agenda of Austrian policy makers.




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The time is now for a new Latin America-China partnership to foster mutual development strategies, says the Latin American Economic Outlook 2016

Latin America’s GDP growth slowdown deepened and is expected to be negative in 2015. For a second consecutive year, Latin America falls behind the average growth of OECD countries after a full decade of convergence with advanced economies, according to the Latin American Economic Outlook 2016.




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Finland: Structural reforms needed to boost growth and employment

Finland enjoys a high level of income and well-being, but the economy has weakened and new reforms will be necessary to restart growth, boost productivity increase employment and restore competitiveness, according to the latest OECD Economic Survey of Finland.




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Israel’s economy is sound but it urgently needs to address productivity, inequality and poverty

Israel’s economy has strong fundamentals, but the country needs to address productivity, inequality and poverty if it wants to improve well-being and reduce socio-economic divides, according to the OECD’s latest Economic Survey of Israel.




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Elusive global growth outlook requires urgent policy response

Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.




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Global economy urgently needs a stronger and more coherent policy response to promote robust and inclusive growth

Policymakers need to deploy broad-based reform plans that incorporate monetary, fiscal, and structural policies to stimulate persistently weak demand, re-launch productivity growth, create jobs and build a more inclusive global economy, according to the OECD’s annual Going for Growth report.




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The drivers of public health spending: integrating policies and institutions

This paper investigates the impact of policies and institutions on health expenditures for a large panel of OECD countries for the period 2000-10.




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Do environmental policies affect global value chains? A new perspective on the pollution haven hypothesis

Using a gravity model of bilateral trade in manufacturing industries for selected OECD and BRIICS countries over 1990s-2000s, this paper studies how exports are related to national environmental policies.




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Tougher environmental laws do not hurt export competitiveness – OECD study

Countries that implement stringent environmental policies do not lose export competitiveness when compared against countries with more moderate regulations, according to a new OECD study that examines trade in manufactured goods between advanced and emerging economies.




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Poland: Investment in infrastructure and skills will support higher living standards and greater well-being

Polish economic growth remains solid and unemployment is decreasing, but further investments in infrastructure and skills will be essential to sustain a continuing improvement in living standards, environmental quality and well-being, according to the latest OECD Economic Survey of Poland.




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Germany: Boost investment and productivity for a stronger economy and more inclusive society

Germany is in a solid economic position, but ageing and technological change require new investments in people to ensure a stronger and more inclusive society, according to the latest OECD Economic Survey of Germany.




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Ireland…trading in the global talent pool

The data presented in the latest OECD Economic Survey of Ireland suggest that rather than "brain drain" Ireland exhibits "brains exchange", a large proportion of emigrants and immigrants are well qualified.




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Addressing the challenges in higher education in Norway

Norway’s predominately public and tuition-fee free tertiary education system encourages participation and has high attainment rates. However, challenges in spending efficiency, study times, skills demand, inclusiveness and quality remain.




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Policy challenges for agriculture and rural areas in Norway

Norwegian policy gives high priority to supporting rural communities, with support for agriculture receiving particular attention. It is broadly successful in terms of maintaining rural communities, and urban-rural gaps in a range of well-being indicators are comparatively narrow.




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Improving the pension system and the welfare of retirees in Israel

Israel is a young country with still dynamic population growth, but it is already beginning to face the consequences of population ageing.




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Labour market transitions in Italy: job separation, re-employment and policy implications

Italy’s low employment rate is associated with adverse labour market dynamics characterised differently across different categories of people.




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Improving local infrastructure investments in Poland

Improving local infrastructure investments in Poland