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Better but not good enough: New approaches are needed to make globalisation work for all, OECD says in latest Economic Outlook

The global economy is expected to pick up moderately but greater efforts are needed to ensure that the benefits from growth and globalisation are more widely shared, according to the OECD’s latest Economic Outlook.




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Creating good conditions for innovation-driven productivity gains in Australia

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




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Regulation, institutions and aggregate investment: new evidence from OECD countries

This paper investigates the relationship linking investment (capital stock) and structural policies.




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Regulation, institutions and productivity: new macroeconomic evidence from OECD countries

Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but surprisingly little research has been conducted on the determinants of MFP at the macroeconomic level.




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Jobs gap closes but recovery remains uneven

The job market continues to improve in the OECD area, with the employment rate finally returning to pre-crisis levels. But people on low and middle incomes have seen their wages stagnate and the share of middle-skilled jobs has fallen, contributing to rising inequality, according to a new OECD report.




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Public investment, tax and education reforms will help bolster inclusive growth in Belgium

A combination of market-based policies and a redistributive welfare state have boosted Belgium’s per-capita GDP to well above the average of OECD countries and raised well-being, according to a new OECD report.




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Income, wealth and equal opportunities in Sweden

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




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Fighting gender inequality in Sweden

Sweden ranks among the best OECD countries in terms of gender equality.




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Financial re-regulation since the global crisis? An index-based assessment

How has policy responded since the crisis: with re-regulation or continued liberalisation?




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New Zealand has recently enjoyed strong economic growth, but housing and population ageing pose challenges

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.




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The fall in real long-term government bond yields: Disentangling different drivers

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




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Insolvency Regimes, Zombie Firms and Capital Reallocation

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.




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Enhancing employability and skills to meet labour market needs in Italy

The various deficiencies of the labour market and the educational system have resulted in high unemployment, low labour force participation, low skills levels and high skill mismatch.




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Harmonised Unemployment Rates (HURs), OECD - Updated: July 2017

OECD unemployment rate stable at 5.9% in May 2017




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Austria: Embrace digitalisation to boost growth and inclusiveness

The Austrian economy is strengthening, supported by recent tax reform and a pick-up in international trade. With business and household confidence rising and the short-term outlook favourable, policymakers should enact deeper structural reforms that will improve both fiscal sustainability and social cohesion.




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Israel disability pension note July 2017

Israel disability pension note July 2017




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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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Improving the efficiency and outcomes of the Slovak health-care system

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.




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Growth is picking up in Austria but fundamentals need to be strengthened

After several years of subdued growth, economic output accelerated in 2016 supported by a tax reform that entered into force in 2015-16, and more recently a pick-up in international trade.




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Embracing digitalisation to boost Austria’s growth potential

Digitalisation will redesign production processes and alter relationships between work and leisure, capital and labour, the rich and the poor, the skilled and the unskilled. It creates opportunities to boost inclusive growth and well-being by raising productivity, enhancing private and public services, and democratising information.




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Aumentar as qualificaçŏes em Portugal

Não obstante o progresso significativo conseguido, melhorar as competências e as qualificações continua a ser um dos principais desafios que Portugal enfrenta para aumentar o crescimento, os níveis de vida e o bem-estar.




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Labour market resilience: the role of structural and macroeconomic policies

This paper provides an overview of labour market resilience in the wake of the Great Recession of 2008-09 and the role played by macroeconomic and structural policies.




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Slovenia: Boost investment and productivity through better skills and regulation

The Slovenian economy is rebounding after a long downturn, experiencing stronger growth, declining unemployment, healthier public finances and renewed income convergence with more advanced European economies. Further reforms are now needed to increase investment, boost productivity, improve living standards and ensure that all Slovenians benefit from inclusive growth, according to a new report from the OECD.




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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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Harmonised Unemployment Rates (HURs), OECD - Updated: September 2017

OECD unemployment rate stable at 5.8% in July 2017




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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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Retraining can enable ageing Slovenians to keep pace with new technologies

Modernisation has mainly been achieved by training young Slovenians to fill new occupations. In contrast, those with obsolete skills tend to retire or become unemployed rather than retrain, leaving Slovenia with persistent long-term unemployment, and amongst the lowest employment rates of older workers in the OECD.




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Latvia: Maintain robust expansion and continue reforms to achieve income convergence and more inclusive growth

Successful implementation of economic reforms has boosted the Latvian economy, leading to strong growth, rising wages and solid public finances. Further policy action is now needed to accelerate productivity growth, create jobs, drive down poverty, improve living standards and ensure that everyone benefits from more inclusive growth, according to a new report from the OECD.




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Findings of the recent literature on international capital flows: implications and suggestions for further research

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.




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OECD sees synchronised momentum for global economy, but urges further policy action to ensure sustainable and inclusive medium-term growth

The world economy has picked up momentum, as expanding investment, employment and trade support synchronised growth across most countries, according to the OECD’s latest Interim Economic Outlook.




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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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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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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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Luxembourg: reaping the benefits of a diverse society through better integration of immigrants

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.




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United Kingdom: Maintain close ties with EU to meet challenges of Brexit

The U.K. economy has weakened in the aftermath of the decision to leave the European Union. Maintaining close ties with the EU and implementing policies to boost productivity will be crucial for maintaining future living standards, according to a new report from the OECD.




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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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Retraining can enable ageing Slovenians to keep pace with new technologies

Slovenia has continued to shift from traditional manufacturing to business services and high-tech production. However, not all Slovenians have been included in this progress.




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The Slovenian economy is bouncing back

While the Slovenian economy has been successful in bounding forward, it has taken hard falls in the past, and a lack of resilience means it has taken a long time to recover.




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Austria’s digital transition: the diffusion challenge

Austria’s transition to a digital economy and society is slower than in other high-income small open European economies.




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Raising living standards and supporting investment by boosting skills in Slovenia

Higher living standards and well-being, as well as convergence with more advanced economies, will depend on achieving higher productivity, which in turn would be boosted by more investment in capital.




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Reviving productive investment in Estonia

Since the crisis, Estonia has experienced one of the most pronounced declines in the ratio of non-residential investment to GDP in the OECD.




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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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The fiscal projection framework in long-term scenarios

The paper describes the fiscal framework used in long-term economic scenarios, with some emphasis on revisions made since the 2013 vintage of the long-term model.




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Aggregate multi-factor productivity: measurement issues in OECD 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.




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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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Capital-embodied technological progress and obsolescence: how do they affect investment behaviour?

This paper analyses how technological progress embodied in capital goods raises productivity and income, while at the same time it can modify the allocation of consumption, investment and the capital stock.




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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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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.