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News conferences with OECD Secretary-General in Brasilia on 22 October 2013

OECD Secretary-General Angel Gurría will present two new major publications on Brazil during news conferences on 22 October in Brasilia. He will also hold a series of high-level meetings with Brazilian government officials.




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Brazil should continue efforts to boost education and improve young people’s job prospects

Brazil’s strong economic growth has helped cut the youth unemployment rate over the past decade to levels below those of most OECD countries. Increased investment in education and vocational training is also helping young people get a foot in the jobs market, according to a new OECD report.




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Brazilian economy is expanding again but long-term challenges remain, says OECD

Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive.




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Latin America: Tax revenues continue to rise, but are low and varied among countries, according to new OECD-ECLAC-CIAT report

Tax revenues in Latin American countries continue to rise but are lower as a proportion of their national incomes than in most OECD countries. Revenue Statistics in Latin America 2012 shows that Argentina and Brazil have the highest tax revenue to GDP ratio, while Guatemala and Dominican Republic stand at the lower end.




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Global growth continuing at a moderate pace, OECD says

A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.




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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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Empowering the 40% of young Latin Americans not in formal jobs, education or training could spark new growth engines, says latest Latin American Economic Outlook

Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. According to the Latin American Economic Outlook 2017, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.




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Conference on Intellectual Property Statistics for Decision Makers

The conference aims to discuss how intellectual property data, statistics and analysis are used and can be used to inform decision-makers in both the public and private sectors, and to identify key information needs and possible shortcomings.




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Abuse of authority provisions adopted by the Senate raise concerns over Brazil’s capacity to ensure independence of prosecutors and judges in fighting corruption

The OECD Working Group on Bribery reaffirms the importance of the independence of prosecutors and judges and is concerned that Brazil’s achievements in fighting corruption may be seriously jeopardised by recent legislative developments.




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Korea: a strong national urban strategy could drive resilient economic growth

Korea has weathered the shocks triggered by the global recession and its economy is recovering more quickly and vigorously than most other OECD countries.




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Tackling Turkey’s external and domestic macroeconomic imbalances

Effective macroeconomic and structural policies helped Turkey bounce back quickly and strongly from the global crisis, with annual growth averaging close to 9% over 2010-11




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Choosing the pace of fiscal consolidation

In many OECD countries debt has soared to levels threatening fiscal sustainability, necessitating its reduction over the medium to longer term. This paper uses stylised simulations in a small, calibrated macroeconomic model which features endogenous interactions between fiscal policy, growth and financial markets.




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Public debt, economic growth and nonlinear effects: myth or reality?

The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt to GDP ratio higher than 90% of GDP is associated with considerably lower economic performance in advanced and emerging economies alike.




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The role of the Centres of Governments in meeting today’s economic challenges

Secretary-General Angel Gurría welcomes a network of senior officials attending the 31st Centres of Government (COG) meeting held in London. Highlights include the importance of institutions in economic reform through improved co-ordination, outreach and transparency.




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Risk Management: Illicit Trade and the Illegal Economy

OECD Workshop on assessing the harms posed by illicit trade and the illegal economy for global supply chain integrity, economic growth, and market security.




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The equity implications of fiscal consolidation

In several OECD countries, ongoing fiscal consolidation might have a negative impact on the static income distribution. However, this conclusion should be treated only as an approximate first step in the analysis.




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Improving the fiscal framework to enhance growth in an era of fiscal consolidation in Slovakia

The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards.




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Measuring Fiscal Decentralisation, Concepts and Policies

This book deals with two issues. The first concerns the various measurement of fiscal decentralization in general and their usefulness for policy analysis. The second and more specific issue concerns the taxonomy of intergovernmental grants and the limits of the current classifications.




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Cities: green policies can contribute to growth

Cities can generate growth and jobs while becoming greener – this is the message of the OECD’s new Green Growth in Cities report. Drawing on case studies of Paris, Chicago, Kitakyushu and Stockholm, the report identifies green policies that can respond to urban growth priorities and suggests how to implement and finance them.




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Fiscal federalism and its impact on economic activity, public investment and the performance of educational systems

Intergovernmental fiscal frameworks usually reflect fundamental societal choices and history and are not foremost geared towards achieving economic policy objectives. Yet, like most institutional arrangements, fiscal relations affect the behaviour of firms, households and governments and thereby economic activity.




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Choosing fiscal consolidation instruments compatible with growth and equity

This study proposes a structured approach to selecting instruments of fiscal consolidation that are consistent with growth, equity and global-rebalancing objectives, which is then illustrated with a particular application.




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Fiscal consolidation across government levels. Part 1: How much, what policies?

This paper provides an overview of fiscal consolidation efforts at the central and sub-central government level, both during the current and past consolidation episodes.




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Fiscal consolidation across government levels. Part 2: Fiscal rules for sub-central governments, update of the institutional indicator

Fiscal rules that constrain sub-central government (SCG) budgeting are very common across the OECD, but there are substantial cross-country differences in their implementation and impact. This paper presents the 2011 update of the fiscal rules database established in 2005.




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Fiscal consolidation across government levels. Part 3: Intergovernmental grants, pro- or counter-cyclical?

This paper provides empirical analysis that measures the cyclical properties of intergovernmental transfers (or grants). Modelling a fiscal policy reaction function this paper tests whether the transfers systems in OECD countries are pro- or counter-cyclical, i.e. whether they offset cyclical fluctuations of sub-central economies or, on the contrary, exacerbate them.




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A simple fiscal stress testing model - case studies of Austrian, Czech and German economies

This paper develops a simple model-based framework for stress testing fiscal consolidation strategies under different scenarios of future shocks




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How to achieve growth- and equity-friendly fiscal consolidation?

Despite sustained efforts made in recent years to rein in budget deficits, a majority of OECD countries still face substantial fiscal consolidation needs. The choices made about which spending areas to curtail and which taxes to hike will have implications for near-term activity and long-term growth as well as for equity and the current account.




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Rural-Urban Partnerships: An Integrated Approach to Economic Development

This report provides a framework to understand the changing relationships between urban and rural areas. Specifically, it documents the characteristics of these partnerships and the factors that can hinder as well as enable rural-urban co-operation.




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9th OECD Rural Development Policy Conference

The 9th OECD Rural Development Policy Conference in Bologna, on 23-25 October 2013, will launch the publication "Rural-Urban partnerships: an integrated approach to economic development".




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Cross-country spillovers from fiscal consolidations

In many OECD countries, government debt reached levels over recent years that call for reduction over the medium to longer term to ensure public finance sustainability. This paper investigates the international transmission of fiscal consolidation shocks via trade flows.




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New econometric estimates of long-term growth effects of different areas of public spending

Using panel data for OECD countries, this study investigates the extent to which changes in government spending on education, health and other areas influence long-term growth.




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Blog: Trust in Government - Causes, consequences and solutions

This blog post on trust in governments is a compilation of presentations given at the OECD Workshop entitled "Joint Learning for an OECD Trust Strategy", held on 14 October 2013.




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Public consultation: Draft principles on the governance of critical risks

The OECD has launched a public consultation on its draft principles on the governance of critical risks.




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Paris Policy Forum - Urban Green Growth in Dynamic Asia: from concept to implementation

The policy forum officially launches the conceptual framework to the public and offers an opportunity for participants to discuss the key issues for emerging Asia: housing, buildings and energy, land use and transport, water and waste management, green goods and services.




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World Economic Forum: Global Agenda Council Launches Guide to Good Government and Trust-Building

World Economic Forum: Global Agenda Council Launches Guide to Good Government and Trust-Building




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Fourth Annual High-Level Anti-Corruption Conference for G20 Governments and Business

Co-organised by the Italian Co-Chair of the G20 Anti-Corruption Working Group and the OECD, participants discussed progress in advancing the key elements of the global anti-corruption agenda and innovative solutions to address the latest challenges facing countries, business and civil society.




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Economic uncertainties and their impact on activity in Greece compared with Ireland and Portugal

Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal.




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ADB-OECD Conference on fighting corruption and building trust in Asia and the Pacific

3-4 September 2014, Phnom Penh, Cambodia: This conference focused on the key levers for restoring trust in government and building trust by and in the private sector and civil society.




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Reducing macroeconomic imbalances in Turkey

Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process.




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Poorer regions struggling to catch up in advanced economies, says OECD

Living standards continue to diverge within many economically advanced countries as poorer regions struggle to catch up with richer ones. Half of the 34 OECD countries have seen the income gap between their best-off and worst-off regions widen since the 2008 crisis, according to new OECD research.




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The Metropolitan Century - Understanding Urbanisation and its Consequences

The world is experiencing a wave of urbanisation that has the potential to greatly benefit residents, countries and the planet at large. This report analyses the secrets of successful cities and the policies that contribute to their success.




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ASEAN-OECD Good Regulatory Practice Conference 2015: Connectivity, Competitiveness and Regulatory Coherence

This conference provided a multi-disciplinary forum to discuss issues of regulatory reform involving both government and non-government actors.




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UN World Conference on Disaster Risk Reduction, Sendai, Japan

The OECD event "Risk Governance and Resilient Cities" will examine how risk governance can better manage complex risks and how to improve the resilience of cities to these risks.




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Efficiency and contestability in the Colombian banking system

Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms.




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National Prosperity Through Modern Rural Policy - 10th OECD Rural Conference, Memphis, USA

As the OECD celebrates its 10th Rural Conference this edition will look at the next steps for the OECD Rural Policy Programme and consider the direction for future work.




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Macroeconomic uncertainties, prudent debt targets and fiscal rules

The objective of this paper is to define long-run prudent debt targets for OECD countries and country-specific fiscal rules. To this end, a semi-structural macroeconomic model for OECD countries and primary balance reaction functions are estimated.




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Sustaining the economic expansion in New Zealand

Ensuring that permanent spending or tax cuts are implemented in a sustainable manner would encourage the strong fiscal position that New Zealand needs to meet potentially large macroeconomic shocks and long-run ageing-related costs.




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Fiscal constitutions: an empirical assessment

Fiscal constitutions comprise the set of rules and frameworks guiding fiscal policy that are enshrined in a country’s fundamental laws.




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Achieving fiscal consolidation while promoting social cohesion in Japan

With gross government debt of 226% of GDP, Japan’s fiscal situation is in uncharted territory and puts the economy at risk. Japan needs a detailed and credible fiscal consolidation plan, including specific revenue increases and measures to control spending to restore its fiscal sustainability.




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Healthcare costs unsustainable in advanced economies without reform

Healthcare costs are rising so fast in advanced economies that they will become unaffordable by mid-century without reforms, according to a new OECD report.




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CEOs and governments should treat digital security as an economic risk

Digital security risk should be treated as an economic rather than a technical issue, and should be part of an organisation’s overall risk management and decision-making, according to a new OECD Recommendation to member countries.