In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics.

This book examines regional innovation in central and southern Denmark, looking at its role in the economy, its governance and policy context and regional strategies for innovation driven growth.

This publication is the follow-up to the forum held in March 2012. It offers proposals to counter the effects of the earthquake shock, to secure the sustainability of the local economy.

OECD signed agreement for a peer review with the Comptroller General of Chile

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

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.

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.

This new publication looks at how renewable energy can bring the greatest benefits to host regions.

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.

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.

Individual freedom can only exist within the social context in which people live, and among the ways in which it is possible to exercise this freedom, that of respecting democratic rules deserves a special place.

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

A return to growth is essential to leave the crisis behind. But the path to growth will be difficult for governments if they do not rebuild trust with their citizens.

OECD events at the Internet Governance Forum 2012 (Baku, Azerbaijan)

Indonesia has come a long way in improving its tax system over the last decade, both in terms of revenues raised and administrative efficiency. Nonetheless, the tax take is still low, given the need for more spending on infrastructure and social protection.

G20 Finance Ministers have welcomed a new OECD/G20 framework designed to help governments develop financial strategies for disaster risk management.

by Charles Jenkins, Writer, Commentator and former Director of Western Europe Country Analysis, Economist Intelligence Unit, London. The EU’s crisis has as much to do with leadership and solidarity as resolving fiscal and debt problems. It is time to dispense with caricatures and write the next chapter in the EU’s ongoing history. And for that, clear and transparent data will be needed.

OECD Secretary-General Angel Gurría opens the Global Forum on Better Governance for Inclusive Growth held in Paris. The Forum will focus on public sector reforms worldwide and identify lessons learned, good practices and innovative solutions for advancing the governance reforms necessary to foster inclusive growth.

OECD countries are intensifying their fiscal consolidation efforts, introducing additional measures and extending the time horizon to implement them. Most have announced fiscal consolidation of more than 3% of GDP over the period 2009-15, according to the OECD’s Restoring Public Finances 2012.

In Latin American and Caribbean countries the population is growing faster than the world average, intensifying land use and increasing urbanisation. The region is also prone to the negative impact of climate change and natural disasters, putting further pressure on natural resources.

These country notes profile public sector human resource practices and policies, covering issues including legal frameworks; age and gender composition of workers; public sector restructuring; management practices; industrial relations and reforms.

In response to increasing pressure to deliver on growth, jobs and better governance, policy makers from MENA and OECD reiterated their support for measures to strengthen the business climate and governance in the region.

Three world experts discuss the future of cities in the current context of rapid urbanisation. This meeting was held in Paris on 4 December 2012.

Brazil’s supreme audit institution – the Federal Court of Accounts (TCU) – has began a process to reform its audit of the Accounts of the President of the Republic to enhance transparency and accountability of federal budget execution.

This report summarises experience of OECD and non-OECD countries with reforming inspections, attempts to present some of the most interesting and successful experiences suggesting that some good practices may be valid beyond the countries where they were initially pioneered.

This report summarises the results of the survey on regulatory enforcement and inspections conducted among OECD countries in 2012. The report draws some general conclusions from this survey and provides theoretical background on the topic. It also suggests some recommendations for organising and reforming inspections.

Mexico’s river basins are under severe water stress. The quality of rivers, lakes and aquifers is declining and floods, droughts, and hurricanes are more frequent. These are some of the alerts signaled in OECD’s Making Water Reform Happen in Mexico.

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.

This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise.

In collaboration with the Federal Government of Germany, the OECD organised four workshops at the International Regulatory Reform Conference (IRRC) 2013 in Berlin. The workshops focused on the use of cost-benefit analysis in governmental decision making, as well as on the role of key actors of regulatory governance in the regulatory policy cycle: Parliaments, regulatory agencies and audit offices.

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.

Launch Meeting of the Leading Practitioners on Public Procurement

This publication looks at regional innovation in Wallonia, Belgium, by examining the political context, governance issues and the role of innovation in the economy, along with regional innovation strategies to promote growth.

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.

The workshop identified key challenges in the design and implementation of one-stop shops in Hungary and ways to address them.

Brazil’s economic growth has been supported in recent years by important government investment and social programmes that mobilise resources across the country. These programmes could help Brazil to meet its goals of sustaining economic growth and fostering social development, while reducing regional disparities.

OECD Task Force on Charting Illicit Trade

Taxes and cash transfers reduce income inequality more in France than elsewhere in the OECD, because of the large size of the flows involved. But the system is complex overall. Its effectiveness could be enhanced in many ways, for example so as to achieve the same amount of redistribution at lower cost.

“Crowdsourcing” pools the strength of the many to perform complex tasks–everything from funding a film to sequencing DNA. At its heart is trust–not a blanket belief in great institutions, but rather the confidence between individuals that each will do the right thing. Its power is being increasingly felt today, even in the world of international development.

Russians are becoming increasingly active in the country’s social arena. While activists remain a small but growing and visible minority of citizens looking for changes in governance, many more are becoming involved in the day-to-day affairs of their communities. It remains to be seen whether this emerging culture of civic participation will sit comfortably with existing governance structures.

Austerity programmes to restore order to public finances can add to the woes of already struggling economies, leading to more job losses and social hardship. But there are ways for governments to put their fiscal houses in order, while supporting growth and reducing income inequality at the same time.

The tax burden in Switzerland is low in international comparison, largely reflecting the substantial non-tax compulsory contributions towards the health and pension systems which are managed by private institutions. Taxation of personal income and labour earnings is relatively high, whereas the taxation of consumption is low.

Governments are major issuers of debt instruments in the global financial market. This volume provides quantitative information on central government debt instruments for the 34 OECD countries.

More than five years into an economic crisis which has taken on several names–from subprime crisis and financial crisis to great recession–no term accurately depicts the fundamental result of this economic turbulence: people facing hardship.

Ports are the nervous system of global trade. Over 80% of world cargo (by volume) is transported by sea. Our efforts to raise the efficiency, competitiveness and sustainability of ports can help boost trade, growth and jobs. It can also help us to promote green growth and development in the poorest regions, said OECD Secretary-General.

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.

With gross government debt surpassing 200% of GDP, Japan’s fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that includes measures to control spending and raise revenue.

Apparently, the United States enjoys a surplus of deficits. President Obama’s first State of the Union address warned that we are weakened and endangered not only by our financial deficit, but also by a deficit in trust.

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.

This paper puts the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), to a formal econometric test to pin down debt thresholds endogenously. We show that the nonlinear relation from debt to growth is not very robust.