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Belgium: enhancing the cost efficiency and flexibility of the health sector to adjust to population ageing

Belgium has a good record in delivering accessible care, but adaptation to population ageing will be complicated by the fragmentation of responsibilities in the healthcare system and a strong reliance on government regulations.




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Restructuring the electricity sector and promoting green growth in Japan

The 2011 disaster and nuclear problems opened the door to a new energy policy, as they raised fundamental questions about the electricity system’s ability to prevent and respond to accidents.




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OECD Compendium of Productivity Indicators 2013

The productivity compendium provides data and methodological notes and describes the measurement challenges and the data choices that were made, as well as the remaining measurement problems.




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New indicators of competition law and policy in 2013 for OECD and non-OECD countries

This paper presents the new OECD competition law and policies (CLP) indicators which measure the strength and scope of competition regimes in 49 jurisdictions (OECD and non-OECD). The indicators cover areas for which there is a broad consensus among member countries on what constitutes 'good' practice for competition regimes.




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The state of the banking sector in Europe

This paper reviews the state of the banking sector in Europe. At the aggregate level, the empirical data suggest that the Baltics, Cyprus, Greece and Ireland, in particular, are hit by a strong decline in lending in the wake of the financial crisis.




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OECD appoints new directors for economic policy

The OECD has appointed a former Portuguese economy minister and a high-level German government official to top leadership posts in the Economics Department, reinforcing its commitment to identifying and promoting policies that improve countries’ long-term economic performance.




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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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The prudential regulation of financial institutions: why regulatory responses to the crisis might not prove sufficient

This paper surveys recent international developments concerning the prudential regulation of financial institutions: banks, the shadow banking system and insurance companies. It concludes that, while substantial progress has been made, the global economy nevertheless remains vulnerable to possible future financial instability.




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Short-term indicator models for quarterly GDP growth in the BRIICS: a small-scale bridge model approach

This paper extends the OECD Economics Department’s suite of short-term indicator models for quarterly GDP growth, which currently cover only the G7 countries, to the BRIICS countries.




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Netherlands: Make economic, innovation and territorial reforms work together to boost growth and competitiveness, says OECD

The Netherlands is gradually emerging from a double-dip recession with strengthened public finances and reforms on track to improve the labour and housing markets and the health care and pension systems. These reforms are paying off, says the OECD. Growth is expected to reach 1% this year and 1.3% in 2015.




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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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Vulnerability of social institutions: lessons from the recent crisis and historical episodes

The recent economic crisis has provided a stress test for the vulnerability of social institutions. This paper assesses the vulnerability of social institutions in light of the current crisis, and surveys past episodes, when social institutions faced similar challenges.




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International migration: the relationship with economic and policy factors in the home and destination country

Unfavourable demographic trends in many OECD countries threaten the sustainability of potential labour resources, GDP growth and fiscal positions. One factor that is expected to mitigate these trends is continued inflows of migrant workers from low income economies.




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Making the banking sector more resilient and reducing household debt in the Netherlands

Dutch banks were put under heavy strains early in the global downturn and have comparatively weak financial buffers to cope with new shocks. Falling house prices have increased the share of households with negative home equity to nearly 35% for home-owning households and 40% for mortgage holders.




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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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Factors behind the decline in real long-term government bond yields

This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they have not reached the historical lows of the 1970s.




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A revival of the private rental sector of the housing market? Lessons from Germany, Finland, the Czech Republic and the Netherlands

This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic.




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G20: OECD to help monitor growth and gender commitments

Leaders of the G20 countries meeting at their Summit in Brisbane, Australia, have called on the OECD and IMF to monitor their commitment to boost economic growth and create jobs.




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The internet economy – regulatory challenges and practices

Designing policies that protect society while allowing for Internet’s great economic potential to be fulfilled, is a difficult task. This paper investigates this challenge and takes stock of existing regulations in OECD and selected non-OECD countries in specific areas related to the digital economy.




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Moving towards a more dynamic business sector in Spain

Policy efforts to revitalise entrepreneurship and investment in Spain are key to generating growth and new jobs. The government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened. Boosting economic growth requires a new generation of high-growth companies and that resources flow towards the most productive firms.




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Implicit regulatory barriers in the EU Single Market: new empirical evidence from gravity models

Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language, this analysis mainly focuses on the role of product market regulation stringency and heterogeneity, and on the role of employment protection.




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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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Building on rural sector is key for economic modernisation in Myanmar, says OECD

Improving Myanmar's agricultural sector by building up food processing activities and related services could help the transformation of the country's economy, to a more modern one able to produce higher-value goods for export, according to a new OECD report.




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Luxembourg must diversify its economy and maintain a strong and resilient financial sector

Luxembourg weathered the global economic crisis well, but must take additional steps to foster the diversification of the economy while ensuring the continuing health of its financial sector, according to the latest OECD Economic Survey of Luxembourg.




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Raising the potential of the domestically oriented sector in Germany

Reforming and deregulating the domestically oriented sectors, including network industries, crafts and professional services would release hidden growth potential and prove beneficial to the economy as a whole. It could also help strengthen domestic demand and reduce dependence on exports.




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A snapshot of China’s service sector

The share of the tertiary sector in China’s value added has increased steadily, overtaking the share of the secondary sector in 2013. With increasing incomes, the share of services is expected to grow further as at higher incomes a larger share of income is spent on services.




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Financial sector must promote inclusive growth

Finance is a key ingredient of modern economies, but too much finance may hamper economic growth and worsen income inequality, according to new research from the OECD.




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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 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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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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Regulatory management practices in OECD countries

This paper provides analysis of the regulatory governance of network sector regulators in electricity, gas, telecommunications, rail, airport and ports within the OECD as it stood in 2013.




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New OECD indicators trace productivity growth slowdown pre- and post- crisis

Productivity growth – the central driver of rising economic output and material living standards – has been slowing in many advanced and emerging economies in the wake of the crisis, according to new data released today in the OECD Compendium of Productivity Indicators.




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Regulations in services sectors and their impact on downstream industries: the OECD 2013 REGIMPACT indicator

This document presents the new 2013 set of the OECD Regulatory Impact (REGIMPACT) indicator. It measures the impact of regulatory barriers to competition in non-manufacturing sectors on all industries, through intermediate inputs.




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Central bank negative deposit rates and the banking sector

The ECB, the Bank of Japan and five other central banks in Europe have applied negative interest rates on commercial banks’ reserves. This additional monetary policy stimulus, following large asset purchases by central banks in some of these areas, should boost the economy and thus raise inflation closer to target.




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Strengthening competition in network sectors and the internal market in Canada

Canada’s productivity performance has lagged that of many other OECD countries, despite some improvement in recent years.




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OECD warns weak trade and financial distortions damage global growth prospects

Weak trade growth and financial distortions are exacerbating slow global economic growth, according to the OECD’s latest Interim Economic Outlook.




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Unleashing private sector productivity in the United States

Productivity growth has been sluggish since the Great Recession and had been slowing before it.




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Advance warning indicators of past severe GDP per capita recessions in Turkey

The global financial crisis and its high economic and social costs have revived academic and policy interest in “early warning indicators” of crises. This paper aims to investigate the performance of vulnerability indicators as advance warning indicators of past severe GDP per capita recessions in Turkey.




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Unleashing private sector productivity in the United States

With the global economy mired in low-growth and no signs of strong acceleration, a lot of attention has been paid to the meagre pace of productivity growth in OECD countries.




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Unleashing private sector productivity in the United States

In the United States, the most watched indicator of productivity (nonfarm business productivity growth) decelerated about ¾ percentage point from 2009 to 2014 relative to the preceding 5-year period.




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Composite Leading Indicators (CLI), OECD, December 2016

Growth momentum picking-up in several advanced economies and strengthening in major emerging economies




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Enhancing public sector efficiency and effectiveness in the Czech Republic

Spending on public administration itself is relatively low and so are indicators of its performance.




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Malaysia’s economic success story and challenges

Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy.




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Composite Leading Indicators (CLI), OECD, January 2017

Stronger signals of growth momentum picking-up in several major OECD economies




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Composite Leading Indicators (CLI), OECD, February 2017

Composite leading indicators continue to point to growth gaining momentum in several advanced economies




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Composite Leading Indicators (CLI), OECD, April 2017

Stable growth momentum in the OECD area




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The Economics Department is recruiting its Deputy Director!

The Economics Department is recruiting its Deputy Director. We provide flexible work options, which respects diverse working styles. If you want to join a co-operative, collaborative and respectful work environment where professional development is recognised and encouraged, please visit the job opening.




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Composite Leading Indicators (CLI), OECD, May 2017

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




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Composite Leading Indicators (CLI), OECD, June 2017

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




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Composite Leading Indicators (CLI), OECD, July 2017

Composite leading indicators continue to point to stable pace of expansion in the OECD area