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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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Composite Leading Indicators (CLI), OECD, December 2017

Stable growth momentum going forward in the OECD area




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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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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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Boosting productivity in Switzerland

Swiss GDP per capita stands amongst the top OECD performers. However, to face medium-term challenges productivity developments will be key to allow the country to maintain its enviable position.




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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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Norway should strengthen its capacity to thrive in a changing world

The Norwegian economy is performing well, despite low oil prices. Further reforms will be needed to diversify the economy, improve public spending efficiency and ensure that today’s high levels of income, well-being and equality are passed on to future generations, according to a new report from the OECD.




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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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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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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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Making the business environment more supportive of productivity in Belgium

A favourable business environment is crucial to boosting Belgium’s productivity and inclusiveness and to sustain improvements in long-term economic prosperity.




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Raising and mobilising skills to boost productivity and inclusiveness in Belgium

A highly educated and skilled workforce has been an important driver of productivity performance and prosperity in Belgium.




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The effects of the tax mix on inequality and growth

Can reforms that shift the balance among different taxes in the revenue mix lastingly influence the overall prosperity of an economy and the distribution of income across households?




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Income redistribution through taxes and transfers across OECD countries

Redistribution is quantified as the relative reduction in market income inequality achieved by personal income taxes, employees’ social security contributions and cash transfers, based on household-level micro data.




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Norway’s economy, a need to ensure policies can cope with upcoming challenges

In its latest Economic Survey for Norway , the OECD underscores the importance of policy facilitating transition away from oil-related activities and helping businesses seize opportunities from digitalisation and globalisation, through providing i) macroeconomic and financial stability, and ii) improvements to structural-policy settings.




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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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France: Promoting economic opportunities and well-being in poor neighbourhoods

Thanks to a highly developed welfare state, poverty is moderate on average in France, but – as in other countries – highly concentrated in some neighbourhoods.




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France: Improving the efficiency of the health-care system

France’s health-care system offers high-quality care. Average health outcomes are good, public satisfaction with the health-care system is high, and average household out-of-pocket expenditures are low.




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Reducing regional disparities in productivity in the United Kingdom

The United Kingdom displays large regional disparities in productivity compared to most other OECD countries, with a large gap between London and most other regions.




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Improving productivity and job quality of low-skilled workers in the United Kingdom

More than a quarter of adults in the United Kingdom have low basic skills, which has a negative impact on career prospects, job quality and productivity growth.




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Composite Leading Indicators (CLI), OECD, January 2018

Composite leading indicators continue to point to stable growth momentum in the OECD area




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Income redistribution through taxes and transfers across OECD countries

Many OECD countries have been facing a prolonged period of low growth and stagnating income of the poorest. This challenges governments’ fiscal redistribution, all the more so in a context where new forms of work are calling into question the effectiveness of traditional social safety nets and population ageing is putting pressure on public finances.




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Growth and economic well-being: third quarter 2017, OECD

OECD household income growth continues to lag GDP growth, slowing to 0.2% in third quarter of 2017




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Growth and economic well-being: fourth quarter 2017, OECD

OECD household income growth picks up to 0.3% in fourth quarter of 2017 but continues to lag GDP growth




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Composite Leading Indicators (CLI), OECD, February 2018

Stable growth momentum in the OECD area




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Secretary-General of the OECD in Chile on 26 February 2018

In Santiago, he will present the 2018 OECD Economic Survey of Chile, alongside Mr. Nicolás Eyzaguirre Guzmán, Minister of Finance of Chile.




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How to improve Norway’s transport-infrastructure investment

Norway makes substantial public investment in transport and this has intensified in recent years. There is potentially large economic benefit from such investment, particularly as good transport infrastructure can help Norway’s transition away from oil-related activities.




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Norway’s economy: maintaining a successful business sector in a changing world

Norway’s success in maintaining high living standards, low inequality and good progress in gender balance owes much to its business sector.




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Mr. Angel Gurría, Secretary-General of the OECD in Brazil on 27-28 February 2018

In Brasilia, he will present the 2018 OECD Economic Survey of Brazil, alongside Mr. Ilan Goldfajn, Central Bank Governor, Mr. Henrique Meirelles, Minister of Finance, and Mr. Dyogo Oliveira, Minister of Planning of Brazil.




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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 should use upturn to address low productivity and high inequality

A favourable growth outlook offers Chile an opportunity to address its low productivity levels compared to other advanced economies, improve access to quality jobs and take steps to reduce its persistently high inequality, according to a new OECD report.




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Economic Survey of Finland 2018

Finland enjoys a high level of income and well-being. Nevertheless, output has been dragged down by the global downturn, the decline of the electronics and paper industries and the Russian recession.




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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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South Africa: it is time to rekindle the economy

Growth is projected to reach 1.5% in 2018 after many years below one percent or negative in per capita terms. Low growth and high unemployment have adversely affected the well-being of South Africans. Since 2010, inequality, measured by the Gini coefficient at 0.62, has almost stagnated withering the social contract in a context of policy mistrust.




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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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Mind the gaps: boosting productivity and reducing inequality in Chile

Chile has been one of the fastest-growing economies in the OECD in recent decades. Sound macroeconomic management, bold structural reforms, such as trade and investment liberalisation, and buoyant natural-resource sectors, supported fast convergence in living standards.However, progress has slowed: declining productivity gains are limiting prospects for rising incomes and better-quality jobs; and inequality remains stubbornly high.




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Economic expansion offers Israel opportunity to move toward a more inclusive society

The Israeli economy continues to register remarkable performance, with strong growth, low and falling unemployment and sound public finances leading to the 15th consecutive year of economic expansion. Further reforms will be needed to drive down inequality and raise living standards for all Israelis, according to a new report from the OECD.




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Why would a universal credit be better than a basic income for Finland?

In Finland, as elsewhere, income taxation and the withdrawal of benefits reduce the pay-off for individuals who go from benefits to work.




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Towards a more prosperous and inclusive Brazil

Over the past two decades, strong growth combined with remarkable social progress has made Brazil one of the world’s leading economies.




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OECD sees stronger world economy, but tensions are rising

The global economic expansion is strengthening, as robust investment growth, an associated rebound in trade and higher employment drive an increasingly broad-based recovery, according to the OECD’s latest Interim Economic Outlook.




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Finland: growing and reforming, but no time for complacency

After a long period of lacklustre economic performance, robust growth has resumed.




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Poland: Build on current economic strength to innovate and invest in skills and infrastructure

Poland’s economic growth remains strong. Rising family benefits and a booming jobs market are lifting household income while poverty rates and inequality are falling, says 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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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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The key to breaking cycle of poverty in Israel lies in education

Inequality and relative poverty in Israel remain high, particularly among Arab-Israelis and Haredim (Ultra-Orthodox).x




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Towards an innovative and inclusive economy in Poland

The Polish economy is in a strong position. Economic growth reached 4.6% on average in 2017 and the OECD expects it to continue at around 4% over 2018/19.




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Getting stronger, but tensions are rising

The global economic expansion is strengthening. Global growth is projected to increase from 3.7% in 2017 to around 4% in 2018 and 2019 in our latest Interim Economic Outlook.




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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.