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Assessing the risk of chemicals to children’s health: an OECD-wide survey

This document outlines the methodologies and tools currently used to assess the risk of chemicals to children’s health and also identifies possible needs for additional guidance or tools based on the results of an on-line survey conducted in November 2011. The following areas of risk assessment are covered: definitions, hazard and exposure assessment, risk characterisation, cohort studies and combined exposure to multiple chemicals.




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The doctor will see you now (if you turn on the video)

An elderly man with cardiovascular disease tests his own blood pressure, and sends the results to an online application that his doctor can access. Another patient with depression living in a rural area far from health services tells a psychiatrist how he is feeling via a video connection. All of this occurs without the patients leaving their homes.




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Divided We Stand: Why Inequality Keeps Rising- Country Note: Australia

This country note provides information on latest trends in income inequalities as well as key findings from the 2011 OECD report "Divided We Stand: Why Inequality Keeps Rising".




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Australia’s G20 presidency: Bringing benefits for everyone

Each G20 presidency faces its own challenges. A presidency must respond to global economic conditions, it must build on previous work, and it must seize opportunities to progress with reforms where members can reach consensus.




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Stemming the Superbug Tide in Australia

Resistance proportions for eight antibiotic-bacterium pairs in Australia have increased in recent years, from 7% in 2005 to 10% in 2015, and could go up to 12% by 2030, should current trends in antibiotic consumption, population and economic growth continue into the future. Resistance proportions in Australia were lower than the OECD average in 2015 (17%).




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Divided We Stand: Why Inequality Keeps Rising- Country Note: Japan

This country note provides information on latest trends in income inequalities as well as key findings from the 2011 OECD report "Divided We Stand: Why Inequality Keeps Rising".




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Japan’s aid guided by clear vision and priorities but should focus on countries and people most in need

Japan has increased its spending on overseas development assistance (ODA) and is showing more global leadership, but needs to pay more attention to where it is spending the money and increase its focus on results and transparency.




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South Africa Exports of Raw Hides Skins Leather & Furskins

Exports of Raw Hides Skins Leather & Furskins in South Africa decreased to 218.71 ZAR Million in March from 236.74 ZAR Million in February of 2020. Exports of Raw Hides Skins Leather & Furskins in South Africa averaged 323.27 ZAR Million from 2014 until 2020, reaching an all time high of 452.29 ZAR Million in February of 2015 and a record low of 162.35 ZAR Million in January of 2019. This page includes a chart with historical data for South Africa Exports of Raw Hides Skins Leather & Furskins.




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South Africa Imports of Raw Hides Skins Leather & Furskins

Imports of Raw Hides Skins Leather & Furskins in South Africa decreased to 158.46 ZAR Million in March from 271.24 ZAR Million in February of 2020. Imports of Raw Hides Skins Leather & Furskins in South Africa averaged 328.80 ZAR Million from 2014 until 2020, reaching an all time high of 477.07 ZAR Million in October of 2018 and a record low of 158.46 ZAR Million in March of 2020. This page includes a chart with historical data for South Africa Imports of Raw Hides Skins Leather & Furskins.




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A Bank Divided Can Stand

Financial-market complexity shouldn't lead to crisis. There is a better, simpler way: Split the banks.




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Long-term investment, the cost of capital and the dividend and buyback puzzle

The paper argues that interest rates are at extremely low levels to support banks, and the search for yield has pushed the liquidity driven speculative bubble from real estate, derivatives and structured products markets into the corporate debt market. Equities have rallied strongly too. This asset cycle is certainly helping banks reduce hidden losses on illiquid securities and could also help reduce the cost of equity.




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Women and Financial Education: Evidence, Policy Responses and Guidance

This book addresses gender differences in financial literacy and reviews policy responses and initiatives across the world to tackle women’s and girls’ needs, drawing lessons from existing experiences.




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Capital Controls on Inflows, the Global Financial Crisis and Economic Growth: Evidence for Emerging Economies

This paper investigates whether countries that had controls on inflows in place prior to the crisis were less vulnerable during the global financial crisis. More generally, it examines economic growth effects of such controls over the entire economic cycle, finding that capital restrictions on inflows (particularly debt liabilities) may be useful in good times but may have adverse effects in a crisis.




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Inducing Private Finance for Renewable Energy Projects: Evidence from Micro-Data - Environment Working Paper

This paper analyses the effects of government policies on flows of private finance for investment in renewable energy. It also examines whether direct provision of public finance for a project increases the volume of private finance raised. The analysis covers 87 countries, six renewable energy sectors (wind, solar, biomass, small hydropower, marine and geothermal).




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Why implicit bank debt guarantees matter: Some empirical evidence

What are the economic effects of implicit bank debt guarantees and who ultimately benefits? This report sheds light on these questions




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Estimating the size and incidence of bank resolution costs for selected banks in OECD countries

This report provides estimates of the costs associated with bank resolution both in terms of the expected costs that might arise should a bank fail (i.e. as "ex-post" costs), as well as the cost associated with the likelihood that a solvent bank might fail (i.e. as "ex-ante" costs) over the next year.




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Incentivising lending to SMEs with the Funding for Lending Scheme: some evidence from bank-level data in the United Kingdom

This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs).




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Conditions for establishment of subsidiaries and branches in the provision of banking services by non-resident institutions

In 2014, the Financial Stability Board (FSB), in collaboration with the IMF and OECD, prepared a report for G20 leaders that sought to assess the cross-border consistencies and global financial stability implications of structural banking reform measures. To further examine structural banking reform measures taken since 2008, the OECD circulated a survey. This report describes the outcome of this survey.




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Responsible business conduct for institutional investors: Key considerations for due diligence under the OECD Guidelines for Multinational Enterprises

Promoting responsible business conduct in the financial sector is vital to building a sustainable global economy. This paper will help institutional investors implement the due diligence recommendations of the OECD Guidelines for Multinational Enterprises in order to prevent or address adverse impacts related to human and labour rights, the environment, and corruption in their investment portfolios.




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OECD Guidelines on Insurer Governance

16 November 2017 - The OECD Guidelines on Insurer Governance provide guidance and serve as a reference point for insurers, governmental authorities, and other relevant stakeholders in OECD and non-OECD countries. The Guidelines have been revised and expanded to reflect evolving market practices and updates to international guidance following the financial crisis.




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Video series: Perspectives on green finance and investment

Leading actors across the green finance and investment community talk to the OECD about what has to be done to achieve the objectives of the Paris Agreement and the broader set of environmental objectives linked to the Sustainable Development Goals (SDGs).




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Mr. François Hollande, President of the French Republic, met with the Heads of international economic organisations at the OECD

The President of the French Republic, Mr. François Hollande, met the Heads of international economic organisations at the OECD on Monday 29th October.




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Public policy and resource allocation: evidence from firms in OECD countries

The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting that some countries are more successful at channelling resources to high productivity firms than others.




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Selected aspects of household savings in Germany – evidence from micro-data

This paper uses household level data from the German Socio-Economic Panel (GSOEP) over the period 1991 to 2008 to analyse the driving factors of movements in the German household savings rate.




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Do policies that reduce unemployment raise its volatility? Evidence from OECD countries

In this paper we examine whether past labour market reforms aiming at reducing the rate of unemployment have raised its long-run volatility.




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The declining competitiveness of French firms reflects a generalised supply-side problem

This short paper analyses the decline of France’s trade balance over the past 15 years. While the loss in export market shares is comparable to that of the major OECD countries except Germany, it is one of the largest among the countries of the euro area.




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Homo Economicus: an uncertain guide

As humans, we face a constant internal conflict between immediate gratification and more prudent living. This conflict is also apparent in society. How can we ensure that the homo economicus within us takes the decisions that best affect our lives, and economies?




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Policy determinants of school outcomes under model uncertainty: evidence from South Africa

In this paper we assess the determinants of secondary school outcomes in South Africa. We use Bayesian Averaging Model techniques to account for uncertainty in the set of underlying factors that are chosen among a very large pool of explanatory variables in order to minimize the risk of omitted variable bias.




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Road connectivity and the border effect: evidence from Europe

Several studies have reported a large negative effect of national borders on the volume of trade. We provide new estimates of the border effect for continental Europe using road rather than great circle – or "as-crows-fly" – distance.




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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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Informal employment in Russia: definitions, incidence, determinants and labour market segmentation

This paper takes stock of informal employment in Russia analysing its incidence and determinants. Using the regular 2003-11 waves and an informality supplement of the Russian Longitudinal Monitoring Survey (RLMS) it develops several measures of informal employment and demonstrates that the incidence varies widely across the different definitions.




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Economic crisis provides lessons for new approaches to forecasting, says OECD

Extreme volatility during the global financial crisis complicated economic forecasting, leading to large errors that underline the need for better modelling methods and new approaches for making and presenting projections.




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New evidence on the determinants of industrial specialisation

Industrial specialization has important implications for economic performance; therefore, understanding its determinants is of key policy relevance.




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Do resources flow to patenting firms? Cross-country evidence from firm level data

This paper exploits longitudinal data on firm performance and patenting activity for 23 OECD countries over the period 2003-2010 to explore the extent to which changes in the patent stock are associated with flows of capital and labour to patenting firms.




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What explains the volume and composition of trade? Industrial evidence from a panel of countries

This paper quantifies the importance of different determinants of trade at the industry level using a sample of 54 OECD and non-OECD economies. The empirical methodology extends the approach of previous empirical studies to explicitly quantify the impact that trading partners’ factor endowments and policies have on bilateral trade, and to analyse the effect of tariffs on the volume and composition of trade.




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Determinants of households’ investment in energy efficiency and renewables – evidence from the OECD Survey on Household Environmental Behaviour and Attitudes

Many studies on household energy efficiency investments suggest that a wide range of seemingly profitable investments are not taken up. This paper provides novel evidence on the main factors behind consumer choices using the OECD Survey on Household Environmental Behaviour and Attitudes.




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Secular stagnation: evidence and implications for economic policy

This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour hysteresis and discouraged investment.




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Mr. François Hollande, President of the French Republic, met with the Heads of international economic organisations at the OECD

The President of the French Republic, Mr. François Hollande, met the Heads of five international economic organisations at the OECD on Friday 17th October to discuss the challenges facing the global economy.




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Angel Gurría congratulates new Indonesian President for cutting fuel subsidies

Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies.




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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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Mexico has a unique opportunity to boost growth and share prosperity more widely, according to the OECD

Mexico now has the chance to dramatically boost growth rates and resume convergence of its living standards towards those of advanced economies, reduce pervasive labour market informality and drive down high rates of poverty and income inequality.




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Why implicit bank debt guarantees matter: Some empirical evidence

What are the economic effects of implicit bank debt guarantees and who ultimately benefits? This report sheds light on these questions




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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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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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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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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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Reforming benefits in Lithuania to generate a double dividend: Making work pay while better protecting the jobless

Inequality measures in Lithuania (like in Estonia and Latvia) are high. To an important extent this is related to the high risk of poverty for non-working individuals and to the low rewards to work. Therefore, increasing the quality of jobs, ensuring that the most vulnerable have access to employment and providing adequate income support for those that have lost their job are key for making labour markets and the economy more inclusive.




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The skills of Polish emigrants – evidence from PIAAC

Based on the OECD data from the Survey of Adult Skills (PIAAC) this paper sheds light on the skills of migrants.




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OECD Secretary-General Angel Gurría presents new OECD studies with economic and social recommendations to Peruvian President Pedro Pablo Kuczynski

Economic and social reforms undertaken over the past two decades have driven Peruvian efforts to achieve sustainable economic growth and important reductions in poverty. Against a context of weak global growth, Peru will need to diversify its economy, boost skills, reinforce productivity across the labour force and unleash the potential of all regions in order to spur more inclusive national growth.