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OECD Technical Report on Progress on Structural Reform Under the G20 ESRA

This OECD technical report to G-20 Finance Ministers and Governors provides an assessment of progress on structural reform to achieve strong, sustainable and balanced growth under the G-20 Enhanced Structural Reform Agenda (ESRA) agreed at the Hangzhou summit.




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Doing well by doing good: The role of Mexico's firms in achieving sustainable and inclusive growth

The private sector can be a strategic partner in the pursuit of sustainable and inclusive growth, with the ability to have a profound impact, particularly in areas such as climate change, inclusiveness, equality and good governance.




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Japan needs policies to boost productivity for inclusive growth

Labour productivity in Japan is about a quarter below the average of the top half of OECD countries, which is surprising given Japan's outstanding performance in education and skills and high level of R&D spending.




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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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Does everybody enjoy Pura Vida? Decomposing income inequality in Costa Rica

Despite strong economic growth, Costa Rica’s income inequality has increased in the past decade, in stark contrast with other Latin American countries.




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Reforming Brazil’s old-age pension system to ensure its sustainability

Pensions have been successful in reducing old-age poverty well below the population-wide average, and below the OECD average. At present, all pension recipients – and this includes around 90% of those aged 65 and above – receive at least the minimum wage, which is more than 5 times as much as the poverty line of BRL 170 (equivalent to USD 55).




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Consumer Prices, OECD - Updated: 4 May 2017

OECD annual inflation slows to 2.3% in March 2017, driven by energy prices




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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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Enhancing financial stability amid slowing growth in China

Growth in China has been slowing gradually, but GDP per capita remains on course to almost double between 2010 and 2020. As a result, the Chinese economy will remain the major driver of global growth for the foreseeable future.




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A revised approach to productivity convergence in long-term scenarios

The paper describes revisions to the trend labour efficiency component of the production function underpinning long-term economic scenarios.




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Continued slowdown in productivity growth weighs down on living standards

The slowdown in productivity growth - already underway before the crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released today by the OECD.




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GDP Growth - First quarter of 2017, OECD

OECD GDP growth falls to 0.4% in first quarter of 2017




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Taking action on climate change will boost economic growth

Integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term, according to a new OECD report prepared in the context of the German Presidency of the G20.




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Colombia: Raise productivity and make growth more inclusive

The Colombian economy has been more resilient than other Latin American countries to the recent fall in commodities prices, and remains among the strongest in the region.




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Solving Non-Performing Loans in Europe to speed up the recovery

Almost 10 years after the outset of the financial crisis in summer 2008, European growth remains modest, constantly underperforming the OECD average.




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Fostering innovative business investment in Spain

Spain has chronically low productivity growth, which undermines its ability to generate higher living standards.




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Promoting a private investment renaissance in Italy

Boosting investment is key to supporting the nascent recovery and reviving stagnant productivity.




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Reforms for more and better quality jobs in Spain

The Spanish economy is growing strongly, but there is a risk that many people are being left behind.




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The challenge of boosting innovation and trade, while achieving inclusiveness

The recent pick-up in global growth is good news, but a durable return to healthy growth supported by productivity and trade will require stronger political commitment to implement policy packages to make growth more inclusive.




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Consumer Prices, OECD - Updated: 6 June 2017

OECD annual inflation nudges up to 2.4% in April 2017




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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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Boosting R&D outcomes in Australia

R&D activity can play a central role in raising productivity.




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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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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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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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New Zealand: Boost productivity and adapt to the changing labour market

The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy.




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G20 GDP Growth - First quarter of 2017, OECD

G20 GDP growth stable at 0.9% in first quarter of 2017




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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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Slovak Republic: Strong economy offers opportunity to invest in the future

The Slovak Republic continues exhibiting robust economic performance, with strong growth backed by a sound financial sector, low public debt and high international competitiveness drawing on large inward investment.




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OECD Economic Survey of Iceland launches Tuesday 27 June 2017

The latest OECD Economic Survey of Iceland, to be published on Tuesday 27 June, analyses the factors behind the country’s remarkable economic turnaround as well as steps that can be taken to preserve sustainable and inclusive growth.




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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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Lifting New Zealand’s game on productivity

Productivity growth will be the main driver of global economic growth and prosperity over the coming decades. For New Zealand, this represents both a challenge and an opportunity, as NZ productivity is below that of leading OECD countries.




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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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Contributions to GDP growth: first quarter 2017, Quarterly National Accounts, OECD

Private consumption and investment main drivers of slowdown in OECD GDP growth in first quarter of 2017




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OECD’s Gurría reaffirms need for global cooperation amid progress at G20 Summit

International cooperation is now more critical than ever, OECD Secretary-General Angel Gurría said following a G20 Leader’s Summit marked both by controversy but also advances on a range of policies to tackle global challenges.




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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




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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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Economic Survey of Austria 2017

Austria’s transition to a digital economy and society is progressing but is slower than in the most advanced economies. A whole-of-government approach should help embrace change and facilitate the flourishing of innovative businesses, work practices and lifestyles throughout Austria.




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South Africa: Find new ways to boost growth and job creation

The South African economy has registered tremendous progress over the past two decades, boosting living standards and lifting millions out of poverty nationwide.




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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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Consumer Prices, OECD - Updated: 3 August 2017

OECD annual inflation slows to 1.9% in June 2017, driven by energy prices