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  • MPI Ethno. Forsch.  (125)
  • KOBV
  • Paris : OECD  (125)
  • Trade  (64)
  • Finance and Investment  (63)
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  • MPI Ethno. Forsch.  (125)
  • KOBV
Material
Language
Years
  • 1
    Online Resource
    Online Resource
    Paris : OECD
    ISBN: 9789264728455
    Language: English
    Pages: 1 Online-Ressource (247 Seiten) , Illustrationen
    Series Statement: PISA 2018 results / OECD volume 4
    Series Statement: PISA
    Series Statement: PISA 2018 results
    Parallel Title: Erscheint auch als PISA 2018 results ; volume 4: Are students smart about money?
    DDC: 330
    Keywords: Education ; Finance and Investment ; Graue Literatur
    Abstract: The OECD Programme for International Student Assessment (PISA) examines what students know in reading, mathematics and science, and what they can do with what they know. It provides the most comprehensive and rigorous international assessment of student learning outcomes to date. Results from PISA indicate the quality and equity of learning outcomes attained around the world, and allow educators and policy makers to learn from the policies and practices applied in other countries. This is one of six volumes that present the results of the PISA 2018 survey, the seventh round of the triennial assessment. Volume IV, Are Students Smart about Money?, examines 15-year-old students’ understanding about money matters in the 20 countries and economies that participated in this optional assessment.
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  • 2
    Language: English
    Pages: 1 Online-Ressource (circa 94 Seiten) , Illustrationen
    Series Statement: OECD trade and environment working papers 2019, 01
    Keywords: Environment ; Trade ; Amtsdruckschrift ; Graue Literatur
    Abstract: Addressing the relationship between domestic environmental regulations and international trade policies is essential to better understand the need for consistency and complementarity between these areas. The set of trade and environment indicators developed by the OECD aims to provide insights on this relationship by shedding light on topical debates regarding the interactions between trade and environmental policies. Issues covered include: carbon emissions embodied in trade; embodied raw materials in trade; the volume of trade in environmentally-related goods; tariffs on environmentally-related goods; support measures for fossil fuels; enabling policy and regulatory environment for renewable energy; the volume of trade in waste and scrap; and nutrient balances of exported grains. Although initial insights are provided for these indicators, no detailed analyses is developed at this stage. Rather, these indicators are building blocks to analyse, for instance, the determinants of identified trends or to allow for a better understanding of the issues at hand. Possible avenues for further policy-relevant investigations using the indicators are identified and discussed for each topic covered.
    Note: Zusammenfassung in französischer Sprache
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
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  • 3
    Online Resource
    Online Resource
    Paris : OECD
    ISBN: 9789264302549
    Language: English
    Pages: 1 Online-Ressource (179 Seiten) , Diagramme
    Series Statement: Multi-Dimensional Review of Panama volume 2
    Series Statement: OECD Development Pathways
    Series Statement: Multi-dimensional review of Panama
    Parallel Title: Erscheint auch als Multi-dimensional review of Panama ; Volume 2: In-depth analysis and recommendations
    Parallel Title: Erscheint auch als Multi-dimensional review of Panama ; Volume 2: In-depth analysis and recommendations
    Keywords: Panama Economic conditions ; Panama Economic policy ; Congresses ; Panama Social conditions ; Congresses ; Panama Economic policy ; Electronic books ; Education ; Finance and Investment ; Governance ; Taxation ; Development ; Economics ; Panama
    Abstract: Panama has achieved socio-economic improvements in recent decades thanks to strong economic growth and consequent poverty reduction. Its growth model is characterised by a dual economy in which a small number of activities, including those related to the Canal and Special Economic Zones, have exhibited high productivity growth but limited job creation. Panama should now embark on a new reform agenda to become a sustainable and inclusive high-income country. This report urges greater productivity in sectors that contribute to job formalisation to reduce disparities in income and among regions. As developing these policies requires further resources, taxation system and private sector involvement through public-private partnerships should also be reinforced. Focusing on skills and jobs, regional development and development financing, the volume provides analysis and recommendations on three areas which are key for Panama.
    URL: Volltext  (lizenzpflichtig)
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  • 4
    Language: English
    Pages: 1 Online-Ressource (circa 47 Seiten) , Illustrationen
    Series Statement: OECD working papers on sovereign borrowing and public debt management no. 8
    Keywords: government insurance programmes ; fiscal risk ; contingent liabilities ; public private partnerships ; public debt management ; government credit guarantees ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: Contingent liabilities are major sources of fiscal risks due to the uncertain financial commitments they involve. Their effective management, therefore, is essential for increasing stability and predictability in public finance. This paper explores the role of public debt managers in contingent liability management based on the results of a background OECD survey and the information provided by seven task force countries. The results indicate that there are certain roles and responsibilities assumed by the public debt managers in this field, while the degree of involvement differs widely across countries. We also observed that the debt management offices’ (DMOs) involvement is more prominent in the management of government credit guarantees, while contingent liabilities arising from Public Private Partnerships (PPPs) and government sponsored insurance programmes appear to be outside the domain of public debt managers in most cases. Drawing on leading country practices and lessons from the past, this paper advises public debt managers on possible motives and areas of involvement.
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    URL: Volltext  (kostenfrei)
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  • 5
    Language: English
    Pages: 1 Online-Ressource (circa 48 Seiten) , Illustrationen
    Series Statement: OECD development co-operation working paper 32
    Series Statement: OECD Development Co-operation Working Papers no.32
    Keywords: Entwicklungshilfe ; Privatwirtschaft ; Entwicklung ; Entwicklungsländer ; Finance and Investment ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: This Working Paper provides an analytical framework of development co-operation for private sector development (PSD) and a measurement to capture relevant Official Development Finance (ODF). PSD is defined as development co-operation which addresses relevant policies and institutions, market functioning and enterprise resources. It aims to improve the investment climate and productive capacity of the local private sector—particularly of small- and medium-sized enterprises—including through developing physical infrastructure. The analysis shows that development partners disbursed roughly a third of total ODF each on helping improve the investment climate, productive capacity, and physical infrastructure. For the investment climate, large amounts were allocated to macro-economic stability and public governance. To boost productive capacity, support to financial services – particularly to commercial banks that on-lend to SMEs and investments in equity funds – was particularly high. Finally, for physical infrastructure, about half the ODF went to transport, particularly roads, and a third to energy.
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  • 6
    Language: English
    Pages: 1 Online-Ressource (circa 26 Seiten) , Illustrationen
    Series Statement: OECD development co-operation working paper 33
    Series Statement: OECD Development Co-operation Working Papers no.33
    Keywords: Entwicklungshilfe ; Transparenz ; Schwellenländer ; Südafrika ; China ; Finance and Investment ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: This paper shows that development co-operation from emerging providers – i.e. countries beyond the OECD Development Assistance Committee (DAC) – significantly increased in recent years, reaching 17% of total global development co-operation in 2014. It also presents a rough estimate, of USD 300 billion, of broader international co-operation by emerging providers and it sets out what types of instruments are used to provide this broader international co-operation. Very little is known about broader international co-operation by emerging providers and the scarce information that is available on different countries cannot be compared. This paper concludes that more information on, and a global measure of, international co-operation for development are needed to enable developing countries to manage the external support they receive and to enable further analysis of the increasingly important role that emerging providers play in developing countries.
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  • 7
    Language: English
    Pages: Online-Ressource (51 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 18
    Keywords: Öffentliches Unternehmen ; Anti-Korruption ; Corporate Governance ; Südafrika ; Finance and Investment ; Governance ; South Africa ; Arbeitspapier ; Graue Literatur
    Abstract: This report aims to provide an overview of business integrity and anti-bribery legislation, policies and practices applicable to state-owned enterprises (SOEs) operating across the Southern African Development Community (SADC) region. Part 1 provides a rationale for considering the impact that corruption-prevention and business integrity measures have had in some jurisdictions, based on available academic literature on this subject. Part 2 summarises the framework in seven SADC countries for combating corruption and for encouraging responsible business practices. It also focuses on the application of this framework to SOEs by governments, as well as measures taken by SOEs to limit their exposure to the risks of corruption. The report was undertaken on behalf of the OECD Network on Corporate Governance of State-Owned Enterprises in Southern Africa and is based on voluntary responses to a questionnaire and supplemented with desk research.
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  • 8
    Language: English
    Pages: Online-Ressource (170 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 179
    Keywords: Betriebliche Wertschöpfung ; Außenwirtschaftspolitik ; Vorleistungen ; Investition ; Handelsabkommen ; Regionale Wirtschaftsintegration ; Entwicklungsländer ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Although global value chains (GVCs) are often considered a defining feature of the current wave of globalisation, little is known about: i) what drives GVC participation; ii) what the benefits associated to growing participation are; or iii) how developing countries engage and benefit from GVCs. This paper tackles these questions empirically. The evidence indicates there are important benefits to be had from wider participation in terms of enhanced productivity, sophistication and diversification of exports. Structural factors, such as geography, size of the market and level of development are found to be key determinants of GVC participation. Trade and investment policy reforms as well as improvements of logistics and customs, intellectual property protection, infrastructure and institutions can, however, also play an active role in promoting further engagement. A more in-depth analysis of GVC participation and policy context in five developing sub-regions in Africa, the Middle East and Asia highlights key differences and similarities, and can be a starting point for policy makers in the regions to assess their countries’ GVC engagement and to consider policy options.
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  • 9
    Online Resource
    Online Resource
    Paris : OECD
    Language: English
    Pages: Online-Ressource (45 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 185
    Keywords: Dienstleistungssektor ; GATS ; Dienstleistungshandel ; Handelshemmnisse ; Außenwirtschaftspolitik ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The water in the General Agreement on Trade in Services (GATS) refers to the difference between the bound level of trade restrictiveness permitted by the GATS and the actual trade regime. Using the OECD Services Trade Restrictiveness Index (STRI), this report provides estimates of the water in 15 service sectors for 40 countries. The level of water in GATS commitments varies across sectors. It is highest in sectors where most countries have no commitments (unbound), such as audio-visual services or transport services, as well as sectors where countries tend to make commitments only for selected types of activities, such as legal services. The lowest level of water is observed in sectors such as telecoms, construction, computer and distribution services that are also characterised by a more liberal trade regime. Generally speaking, current services trade policies are much more open than what countries have committed in the GATS and sectors that are “unbound” can be fairly open.
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  • 10
    Language: English
    Pages: Online-Ressource (61 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 186
    Keywords: Bergbau ; Rohstoffwirtschaft ; Exportbeschränkung ; Außenwirtschaftspolitik ; Korruption ; Peru ; Kolumbien ; Trade ; Colombia ; Peru ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Managing and regulating the extractive industries can pose substantial challenges to minerals-rich countries. Aiming to overcome the “resource curse”, some countries attempt to generate greater gains from their natural resources by using trade policy instruments such as export restrictions. Others look to create a balanced regulatory framework to maximise gains from sustainable extraction and minimise the negative spillover effects. Colombia and Peru have aimed to do the latter. This study examines their experiences as regards some aspects of the management of their extractive industries. In particular, it examines the design of the tax system as it applies to non-renewable resources, the reform of the distribution of revenues from the sector, and strategies for tackling illegal mining. These policy areas are important to ensure that the extraction of natural resources benefits the economies and societies of the two Andean nations.
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  • 11
    Language: English
    Pages: Online-Ressource (62 S.) , graph. Darst.
    Series Statement: OECD food, agriculture and fisheries papers 74
    Keywords: perishable product ; Außenwirtschaftsförderung ; Pflanzenschutz ; Landhandel ; Entwicklungsländer ; Agriculture and Food ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Trade facilitation matters. Estimates of trade friction costs from border and custom procedures are relatively high. Trade facilitation to allow for the speedy movement of traded goods may be more important for agricultural, especially perishable, products than for other goods because of their time sensitivity, especially for developing countries. Data suggest that many countries across the geographic and income spectrum have improved their performance on several trade facilitation variables. Concurrently, agricultural trade has grown substantially, especially from low and lower middle income countries. The data suggest that further improvements to trade facilitation in many low and lower middle income countries are needed for them to catch up with best practices. Impediments to trade remain, as indicated by the relatively high tariff equivalent of trade costs, especially on agricultural products.
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  • 12
    Language: English
    Pages: Online-Ressource (92 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 17
    Keywords: 1970 - 2014 ; Corporate Governance ; Shareholder Value ; Institutioneller Investor ; Japan ; Finance and Investment ; Governance ; Japan ; Arbeitspapier ; Graue Literatur
    Abstract: This research analyses the improvements to corporate governance within Japanese listed companies and the influence of institutional shareholders. Firstly, in order to analyse the external factors that have promoted the recent corporate governance reform, the report starts with an overview of the changes in the Japanese market post 1970s. The main players before the 1990s were the banks, who provided credit to companies as well as being shareholders. Corporate governance in Japan was characterised by the “main bank” system. However, after the “bubble economy” burst in the early 1990s, institutional investors, including domestic pension funds and foreign asset managers, started to have a greater presence. Secondly, the report analyses the recent developments in corporate governance within listed companies. Developments were influenced considerably by institutional shareholders through proxy voting. Further, the report reviews the legislation and relevant rules on corporate governance including the reform of the Companies Act and the Cabinet Office Ordinance on Disclosure of Corporate Information. Thirdly, the report examines the influence of institutional shareholders and their activities towards good corporate governance. In 2009, the “Report by the Financial System Council’s Study Group on the Internationalization of Japanese Financial and Capital Markets” was published and asset managers, such as investment trusts and investment advisory companies, started to disclose policy and results of proxy voting. In February 2014, pursuant to the recommendation of the “Japan Revitalization Strategy 2013”, Japan’s Stewardship Code was published and it is now expected that institutional shareholders play a significant role to engage with investee companies and improve corporate governance within them. The report also analyses the historical changes to practices within shareholder meetings along with examination of the role that institutional shareholders have played in the improvement of corporate governance within Japanese listed companies.
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  • 13
    Language: English
    Pages: Online-Ressource (125 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 180
    Keywords: Herkunftsbezeichnung ; CGE-Modell ; Wirkungsanalyse ; Außenwirtschaftspolitik ; Handelshemmnisse ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Despite the predominately negative evidence of the impact of local content requirements on trade, they continue to play a significant role in trade policy. This has been particularly true since the financial crisis of 2008. The work presented here provides new evidence of the detrimental effects these policies have on the imposing country’s own economy. Most empirical studies have focused on the long run inefficiencies associated with LCRs, notably in the effected sector. This paper highlights the costs to other sectors in the economy, the different impacts on intermediate versus final demand, and the declines in trade in third-party economies, despite not engaging in direct trade with the imposing country. Economies imposing LCRs experience a decrease in exports in non-LCR effected sectors and a growing concentration of domestic activity in a few targeted sectors, undermining potential growth and innovation on a broader scale. The paper concludes by offering policy alternatives.
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  • 14
    Language: English
    Pages: Online-Ressource (59 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 183
    Keywords: Logistikdienstleister ; Regulierung ; Dienstleistungshandel ; Handelshemmnisse ; OECD-Staaten ; Brasilien ; China ; Indien ; Indonesien ; Russland ; Südafrika ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for logistics services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, the People’s Republic of China, India, Indonesia, the Russian Federation and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for logistics services and captures regulations in force in 2014. The scores range from 0.08 to 1 for cargo-handling services, 0.04 to 1 for storage and warehouse services, 0.02 to 0.58 for freight transport agency services and 0.03 to 1 for customs brokerage services. It is observed that the regulatory profile differs across countries. In cargo-handling and storage and warehouse services, one country reserves all services provision to a statutory monopoly while another country reserves cargo-handling to a monopoly at port. Freight transport agency has the lowest average score among four subsectors while restrictions on foreign entry, restrictions on the movement of people and regulatory transparency significantly contribute to the results. One country is completely closed to foreign participation in customs brokerage services. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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  • 15
    Language: English
    Pages: Online-Ressource (77 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 184
    Keywords: Unternehmensstatistik ; Außenhandel ; Auslandsinvestition ; Öffentliches Unternehmen ; Subvention ; Handelspräferenzen ; Corporate Governance ; WTO-Verhandlungen ; Handelsabkommen ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The recent surge in competition between state and private firms in global markets calls for a reflection on how to minimise any potentially distortionary effects on international trade and investment created by state enterprises while at the same time restraining any undue protectionist policy responses directed at them. This paper provides an assessment of the extent and nature of existing and potential problems as well as a stocktaking of regulatory approaches that can be used to alleviate them. The new empirical evidence on the extent and nature of existing problems presented in this paper comes from the OECD Business Survey on State Influence on Competition in International Markets conducted on 157 firms in 2014. The characterisation of the regulatory landscape draws on the information contained in the OECD Database on National Practices and Regulations with Respect to State Enterprises which comprises 41 indicators covering relevant practices and regulations across 43 countries. In conclusion, cross-border effects of state enterprises remain an important policy issue but views on how to obtain a more level international playing field differ across countries. Further consideration of the definition of entities which should be the focus of guidance of potential international disciplines would be an important area for future exploration and, crucially, would require greater transparency both from the governments and the entities under their influence. These discussions should not be limited only to state-owned entities, but should be extended to a broader spectrum of state firms. In the meantime, it is important that governments neither use state enterprises to influence competition in international markets, nor unduly discriminate against foreign state enterprises that trade and invest according to market principles.
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  • 16
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 39
    Keywords: Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Long-term savings and investments (LTSI) by individuals enhances their financial security while also supporting growth and financial development. Evidence shows that financial knowledge and skills are positively related to LTSI behaviour, and indicates a strong correlation between levels of financial literacy and retirement wealth accumulation. However, both the quantity and quality of LTSI are often worryingly low, pointing to an important role for financial education to increase levels of financial literacy and thus improve LTSI among individuals. Evaluations of various types of financial education aimed at increasing LTSI have identified some promising results. Initial findings suggest the need for additional, targeted evaluation of education programmes to compare the effects of different delivery channels and the intensity of provision in order to identify optimal approaches. More detailed research is also important to fully understand why some evaluations indicate mixed outcomes from certain programmes.
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  • 17
    Language: English
    Pages: Online-Ressource (59 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 181
    Keywords: Betriebliche Wertschöpfung ; Außenwirtschaftsförderung ; Vorleistungen ; Transparenz ; Außenwirtschaftspolitik ; Welt ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report assesses how specific border procedures impact on the operation of supply chains and the resulting policy implications, using data from the OECD Trade Facilitation Indicators (TFIs) database and from the OECD-WTO database on trade-in-value-added. The assessment focusses on the impact of trade facilitation measures in three areas: on the amount of foreign value-added embodied in final domestic demand; on the amount of foreign value-added embodied in the gross exports of a reference country; and on the amount of domestic value-added embodied in foreign final demand for agriculture and primary products, low tech industries, medium-low tech industries, and high and medium-high tech industries. A small increase of 0.1 in TFIs performance could potentially generate increases in a country’s value-added “imports” in a range of between 1.5 and 3.5%, while in the case of “exports” these increases could range between 1 and 3%. Measures that enhance the predictability and the speed of movement of goods are critical factors that shape the sourcing decisions of companies. The impact is strongest when the value-added originates in medium-low tech industries, such as mining and quarrying or basic metals sectors, or in high and medium-high tech industries, such as transport equipment, chemicals and electrical and optical equipment, and is destined to high and medium-high tech industries. Key words: Customs, global value chains, GVCs, intermediate inputs, trade facilitation, trade flows, trade policy, transparency, simplification
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  • 18
    Language: English
    Pages: Online-Ressource (61 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 182
    Keywords: Betriebliche Wertschöpfung ; Dienstleistungshandel ; Einkommensverteilung ; Globalisierung ; Auslandsverlagerung ; Welt ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The rise in global value chain (GVC) participation has coincided with significant changes in the distribution of wage income both within and across countries. This paper sets out to identify the linkages between these phenomena. It shows that GVC participation has a small effect on the distribution of wages and, when it has, it can reduce wage inequality when it concerns participation related to low-skilled segments of the labour force. This suggests that the potential tensions between equity and aggregate economic outcomes of GVC participation hold only in particular cases, namely when participation relates to high-skilled segments of the labour force. For policy-makers seeking to maximise the benefits of GVC participation, questions of a more equitable distribution of returns to workers might focus on skill-upgrading of low-skilled labour by promoting further tertiary education and development of skills.
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  • 19
    Language: English
    Pages: Online-Ressource (44 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 38
    Keywords: Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Money remitted by international migrants is a major source of income for many countries around the world, exceeding all international development funds combined. Yet individual migrants and their families are often amongst the most vulnerable people in society, and many face significant barriers to the access and use of appropriate financial products. Recognising their importance and vulnerability, some home and host countries are taking measures to support migrant workers and their families and improve their financial literacy; in some cases this occurs within the framework of a national strategy for financial education. In order to increase the extent of such support and to improve international co-operation, this paper seeks to illustrate the key challenges and suggest possible ways forward. The lessons learned will be used by the OECD and its International Network on Financial Education to develop a checklist for policy makers in order to increase the coverage of high-quality financial education for migrants.
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  • 20
    Online Resource
    Online Resource
    [s.l.] : OECD iLibrary | Paris : OECD
    Language: English
    Pages: Online-Ressource
    Series Statement: OECD trade policy papers 163
    Keywords: Rohstoffwirtschaft ; Schmuck ; Diamantensektor ; Staatsfonds ; Exportbeschränkung ; Zollunion ; Steuereinnahmen ; Entwicklungspolitik ; Botsuana ; Trade ; Botswana ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur ; Botswana ; Rohstoffwirtschaft ; Exportbeschränkung ; Steuereinnahmen ; Staatsfonds ; Zollunion ; Botswana ; Rohstoffwirtschaft ; Diamantenindustrie ; Diamantenbergbau ; Schmuck
    Abstract: Demand for non-renewable natural resources is forecast to rise steadily over the coming decades. Underlying trends of long-term rising demand and falling supply of mineral resources will inevitably increase pressure on prices and intensify competition for scarce resources. This can create a substantial opportunity for development for minerals-rich countries. However, as suggested by the “resource curse” debate, broad-based economic development based on the extractive industries is far from assured. History suggests that not all countries, in particular many of those outside the OECD area, have benefitted economy-wide from their mineral resources: good governance and good policies are essential to benefit from their huge potential growth. Some countries have successfully regulated their mining sectors without resorting to highly distortive policies such as export restrictions. One such country is Botswana. This paper examines some of the policies in place in Botswana that have contributed to the governance and management of its substantial minerals sector. Lessons are drawn for minerals-rich countries keen to manage their raw materials sectors for increased economy-wide growth.
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  • 21
    Language: English
    Pages: Online-Ressource (42 S.) , graph. Darst.
    Series Statement: OECD science, technology and industry working papers 2014/01
    Series Statement: OECD science, technology and industry working papers
    Keywords: 2005 - 2010 ; Öko-Produkt ; Risikokapital ; Umweltpolitik ; Vergleich ; OECD-Staaten ; BRICS-Staaten ; Environment ; Finance and Investment ; Science and Technology ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Start-up firms play a crucial role in bringing to the market the innovations needed to move to a greener growth path. Risk finance is essential for allowing new ventures to commercialise new ideas and grow, especially in emerging sectors. Still, very little is known about the drivers and the characteristics of risk finance in the green sector. This paper aims to fill this gap by providing a detailed description of risk finance in the green sector across 29 OECD and BRIICS countries over the period 2005-2010 and identifying the role that policies might have in shaping high-growth investments in this sector. Results are drawn from a comprehensive deal-level database of businesses seeking financing in the green industry combined with indicators of renewable policies and government R&D expenditures. The results suggest that both supply-side policies and environmental deployment policies, designed with a long-term perspective of creating a market for environmental technologies, are associated with higher levels of risk finance relative to more short-term fiscal policies, such as tax incentives and rebates. In addition, when focusing on renewable energy generation, the results confirm the positive association of generous feed-in tariffs (FITs) with risk-finance investment. However in the solar sector excessively generous FITs tend to discourage investment.
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  • 22
    Language: English
    Pages: Online-Ressource (44 S.) , graph. Darst.
    Series Statement: OECD economic policy papers 10
    Keywords: Vorleistungen ; Zoll ; Handelsliberalisierung ; Internationale Arbeitsteilung ; Betriebliche Wertschöpfung ; International ; Economics ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: This report presents descriptive evidence of specialisation trends and investigates empirically their causes and consequences, analysing the role of policies in this process. Then, based on the insights from the backward looking analysis, it draws global trade and specialisation scenarios up to 2060, taking into account international spillovers. The report highlights that comparative advantage in terms of factor endowments matters for trade specialisation, although framework and trade policies also play a role. For instance, tariffs on intermediate inputs are found to adversely affect trade with this adverse effect found to have increased over time, likely reflecting expanding global supply chains magnifying the impact of tariffs. The forward-looking analysis suggests that over the next 50 years, the geographical centre of trade will continue to shift from OECD to non-OECD regions, reflecting faster growth in these countries. Multilateral global trade liberalisation could raise world trade by 15% by 2060 relative to the status quo, whereas regional liberalisation among a core group of OECD countries only would raise world trade by 4% due to trade diversion.
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  • 23
    Language: English
    Pages: Online-Ressource (34 S.) , graph. Darst.
    Series Statement: OECD science, technology and industry working papers 2014/03
    Series Statement: OECD science, technology and industry working papers
    Keywords: 2005 - 2011 ; Förderung erneuerbarer Energien ; Auslandsinvestition ; Erneuerbare Energie ; Energiewirtschaft ; Portfolio-Management ; Übernahme ; Energy ; Environment ; Finance and Investment ; Science and Technology ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The study assesses the role of feed-in tariffs (FITs) and renewable energy certificates (RECs) in creating incentives for cross-border investments and for investments in particular technological portfolios via M&A. The analysis explores the dataset on M&As in alternative energy sources worldwide over 2005-2011. The results suggests that FITs encourage more diversified M&A than RECs. With respect to foreign investment, the study finds a linear relationship between FITs and cross-border M&As in the wind energy sector, but an inverted U-shaped relationship in the solar energy sector. One possible explanation for the latter may lie in reduced policy credibility due to the public finance implications of ‘generous’ FITs. Another possible explanation for this finding concerns the use of high solar FITs by countries whose natural conditions provide little comparative advantage in solar energy, suggesting that low profitability and limited potential of solar energy in those countries might have deterred the entry of foreign investors.
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  • 24
    Language: English
    Pages: Online-Ressource (75 S.)
    Series Statement: OECD working papers on international investment 2014/03
    Series Statement: OECD working papers on international investment
    Keywords: investor-state dispute settlement ; foreign investment ; derivative action ; separate legal personality ; reflective loss ; investment treaties ; stockholders ; consistency of arbitral decisions ; access to justice ; shareholder claims ; international economic law ; overlapping claims ; shareholder rights ; creditors ; bilateral investment treaties ; related claims ; international arbitration ; comparative law ; creditors’ rights ; treaty shopping ; arbitrators ; international investment law ; settlement ; concurrent claims ; international investment ; reflective injury ; business corporations ; domestic impact of investment law ; investment arbitration ; stockholder remedies ; consistency ; competitive neutrality ; agency costs ; derivative loss ; corporate law ; international investment agreements ; judicial economy ; derivative injury ; shareholders ; shareholder remedies ; level playing field ; company law ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: Advanced systems of domestic corporate law generally apply a “no reflective loss” principle to shareholder claims. Shareholder claims are permitted for direct injury to shareholder rights (such as voting rights). But shareholders generally cannot bring claims for reflective loss incurred as a result of injury to "their" company (such as loss in value of shares). Only the directly-injured company can claim. In contrast, shareholder claims for reflective loss have consistently been permitted under typical bilateral investment treaties (BITs) in recent years. This paper analyses investment treaty provisions relating to shareholder claims. It addresses (i) treaty regimes for shareholder recovery and company recovery of damages, including their consequences for investor protection and government liability; (ii) the interaction of reflective loss claims with treaty provisions that seek to limit multiple claims; and (iii) treaty provisions applicable to government objections to shareholder claims for reflective loss.
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  • 25
    Language: English
    Pages: Online-Ressource (161 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 167
    Keywords: Geschäftsgeheimnis ; Immaterialgüterrechte ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper takes stock of the protection of trade secrets for a sample of 37 countries, provides historical data for the period since 1985, and considers the relationship of the stringency of the protection of trade secrets to relevant economic performance indicators. The paper finds that there has been a notable increase in the stringency of trade secrets protection in a broad sample of countries during the period from 1985 to 2010. The paper also finds a positive association between the stringency of trade secrets protection and key indicators of innovation and international economic flows. Further details of the methodology and additional country data can be found in the background paper provided in phase I of the OECD trade secrets project [OECD Trade Policy Paper No. 162].
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  • 26
    Language: English
    Pages: Online-Ressource (23 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 169
    Keywords: IT-Management ; Unternehmensdienstleistung ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Science and Technology ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for computer services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for computer services and captures regulations in force in 2013. The scores range between 0.08 and 0.34, with a sample average of 0.18. Explicit barriers to trade in computer services are rare, but the sector is subject to a number of economy-wide restrictions facing all sectors. Among these, restrictions on movement of people (mode 4 in GATS terminology) make the largest contribution to the index value, followed by regulatory transparency issues. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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  • 27
    Language: English
    Pages: Online-Ressource (35 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 171
    Keywords: Rechnungswesen ; Rechtsberatung ; Unternehmensdienstleistung ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for the regulated professions of legal and accounting services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. This report presents the first vintage of indicators for legal and accounting services and captures de jure regulations in force in 2013. The STRI supports the view that legal and accounting services are subject to a relatively high level of regulation. Restrictiveness for legal services ranges from 0.11 to 0.73, with an average of 0.31. Accounting and auditing services show an average of 0.3 and STRI values ranging from 0.13 to 1. The results provide useful policy insights, particularly in order to identify priorities for reform at the national and international levels. Notably, in the case of legal and accounting services, easing a few prominent restrictions could result in a significantly more liberal and competitive market environment.
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  • 28
    Language: English
    Pages: Online-Ressource (51 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 13
    Keywords: Öffentliches Unternehmen ; Organisatorischer Wandel ; Übernahme ; Corporate Governance ; Kapitalmarkttheorie ; Wirtschaftspolitik ; SADC-Staaten ; Finance and Investment ; Governance ; South Africa ; Arbeitspapier ; Graue Literatur
    Abstract: This report is the first known stocktaking of its kind to provide a regional overview of state-owned enterprise (SOE) governance reforms and challenges across the Southern African Development Community (SADC) region. Part One summarises the challenges and governance practices related to state-ownership across SADC economies; it draws conclusions on how to address common regional priorities. Part Two of the report is organised around country profiles providing a fact-based assessment of SOE reform policies and practices in 14 economies. The report was prepared at the request of the Southern Africa Network on Governance of State-Owned Enterprises – a regional cooperation initiative aimed at improving the corporate governance of SOEs, and mainly covering the member economies of the SADC region. The stocktaking was prepared based on information self-reported by authorities in participating economies and supplemented by desk research.
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  • 29
    Language: English
    Pages: Online-Ressource (21 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 37
    Keywords: Finanzintermediation ; Geldpolitik ; Geldsubstitut ; Goldstandard ; Vertrauen ; Bargeldloser Zahlungsverkehr ; Virtuelle Währung ; Payment technology ; Plenary power ; Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The financial crisis has led to a widespread loss of trust in financial intermediaries of all kinds, perhaps helping to open the way towards the general acceptance of alternative technologies. This paper briefly summarises the crypto-currency phenomenon, separating the ‘currency’ issues from the potential technology benefits. With respect to crypto currencies, the paper argues that these can’t undermine the ability of central banks to conduct monetary policy. They do, however, raise consumer protection and bank secrecy issues. The valuation of Bitcoins and price volatility issues are discussed, as well as electronic theft, contract failures, etc., all of which could result in large losses to users and hence ultimate costs to the taxpayer (e.g. the failure to provide adequate private pensions resulting in increased reliance on public pensions). The anonymity features of the crypto-currencies also facilitate tax evasion and money laundering, both of which are major public policy concerns. The technology associated with crypto-currencies, on the other hand, could ultimately shift the entire basis of trust involved in any financial transaction. It is an innovation that creates the ability to carry out transactions without the need for a trusted third party; i.e. a move towards trust-less transactions. This mechanism could work to eliminate the role of many intermediaries, thereby reducing transactions costs by introducing much needed competition to incumbent firms. The generic issues that policy makers need to examine are summarised.
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  • 30
    Language: English
    Pages: Online-Ressource (327 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 162
    Keywords: Geschäftsgeheimnis ; Immaterialgüterrechte ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper takes stock of the available legal protection for trade secrets (undisclosed information) in a broad sample of countries. Drawing on national and international material, the paper develops and presents an indicator of the stringency of protection of trade secrets (the Trade Secrets Protection Index) and provides an assessment of variation in the available protection. The result is a finding that while the sample countries have some similarities, notably with respect to definition and scope of trade secrets, they have many more substantial dissimilarities with respect to implementation of protection for trade secrets. For example, differences are particularly pronounced in evidence gathering and discovery, protection of trade secrets during litigation, technology transfer requirements and the effectiveness of legal systems with respect to enforcement. This diversity is reflected in the wide range of scores in the Trade Secrets Protection Index. Such variation in the stringency of protection for trade secrets may influence firm-level decision-making and may have implications for some aspects of economic performance (in particular, in relation to innovation).
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  • 31
    Language: English
    Pages: Online-Ressource (33, III, III S.) , graph. Darst.
    Series Statement: OECD development co-operation working papers 17
    Keywords: Humanitäre Hilfe ; Finance and Investment ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: Better financial preparedness against risk is a central part of a comprehensive approach to disaster management. Risk financing and risk transfer are approaches to planning for risks that cannot be reduced or avoided practically or cost-effectively and may include a strategy and practical measures to ensure the availability of funds for post-disaster relief and reconstruction, commensurate with the scale and frequency of anticipated risks. Risk financing is of growing interest to a wide range of development and humanitarian actors searching for solutions to bridge a growing global post-disaster financing gap. This report describes key features of risk financing and risk transfer, examines some of the current challenges at the contextual and programmatic levels as well as institutional challenges donors might face in engaging in risk financing and recommends a set of principles and policy approaches to guide future donor support and engagement.
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  • 32
    Language: English
    Pages: Online-Ressource (29 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2014/02
    Keywords: Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: This report examines trends in the use of environmental provisions in Regional Trade Agreements and identifies factors which may explain the presence or absence of these provisions. The report builds on work of the OECD Joint Working Party on Trade and Environment (JWPTE) and includes results of an informal survey of delegates. Analysis of the environmental provisions in RTAs reveals an encouraging upward trend. While basic provisions remain the most common types found in RTAs, the incidence of more substantive provisions has increased significantly in recent years. Among these, environmental co-operation has been the most common type. Several factors may have contributed to this evolution. These include countries extending their political mandates for RTAs, for example to include provisions for compliance with multilateral environmental agreements (MEAs), as well as a general accumulation of experience with the use of environmental provisions.
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  • 33
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD working papers on international investment 2014/02
    Series Statement: OECD working papers on international investment
    Keywords: consistency of arbitral decisions ; stockholder remedies ; international economic law ; creditors ; separate legal personality ; arbitrators ; board of directors ; international investment agreements ; investor-state dispute settlement ; shareholder claims ; transferability of shares ; entity shielding ; creditors’ rights ; treaty shopping ; bilateral investment treaties ; loan covenant ; reflective loss ; level playing field ; shareholders ; shareholder rights ; corporate law ; judicial economy ; limited liability ; stockholders ; investment treaties ; company law ; consistency ; international arbitration ; access to justice ; derivative injury ; foreign investment ; derivative loss ; competitive neutrality ; agency costs ; settlement ; international investment ; business corporations ; domestic impact of investment law ; derivative action ; comparative law ; shareholder remedies ; international investment law ; reflective injury ; investment arbitration ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss – loss that arises from injury to "their" company (such as a decline in the value of shares). The claim for the loss belongs to the injured company and not to its shareholders. In contrast, shareholder claims for reflective loss have been widely permitted under typical investment treaties over the last 10 years. Ongoing OECD-hosted inter-governmental dialogue on investment law is considering whether there are policy reasons justifying the different approaches to shareholder claims for reflective loss. This paper examines shareholder claims for reflective loss under investment treaties in light of comparative analysis of advanced systems of corporate law. The paper considers the impact of allowing shareholder claims for reflective loss on key characteristics of the business corporation. The paper also explores possible responses by different categories of investors to the availability of shareholder claims for reflective loss under investment treaties.
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  • 34
    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 168
    Keywords: Handelsabkommen ; Regionale Wirtschaftsintegration ; Handelspräferenzen ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Over the past decade, an increasing number of economies have resorted to regional trade agreements (RTAs) as a means to further the market-opening and rule-making agenda. In this context, this paper addresses the question as to whether and how selected elements of RTAs could be used as ‘stepping stones’ for multilateralisation in the future. The report synthesizes the OECD work on RTAs by examining regional provisions that deepen (WTO-plus) and expand (WTO-beyond) multilateral commitments across a broad range of policy areas. It finds that WTO-plus measures are becoming more widespread and similar over time, suggesting that there may be growing receptivity and preparedness to endorse higher levels of commitments. The report distils a set of attributes that may be able to render WTO-plus provisions more amenable to multilateralisation, either through a bottom-up (RTA-driven) or top-down (WTO-driven) approach. It considers the degree of convergence, homogeneity, discrimination, enforceability and economic impact of selected measures in RTAs, with a view to moving towards a shared understanding of multilateral-friendly practices that can be promoted in regional negotiations.
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  • 35
    Language: English
    Pages: Online-Ressource (52 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 170
    Keywords: Bauwirtschaft ; Architekturbüro ; Ingenieurbüro ; Unternehmensdienstleistung ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for construction, architecture and engineering services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. This report presents the first vintage of indicators for construction, architecture and engineering services and captures de jure regulations in force in 2013. The results for construction services indicate that the overall level of restrictiveness is relatively low, ranging from 0.05 to 0.32, with an average of 0.16. The more elevated levels of restriction can be largely attributed to general measures affecting all sectors of the economy. The STRI also supports the view that architecture and engineering services are less restrictively regulated than other accredited professional services, notably legal and accounting services. The average value for the STRI among the countries in the sample is 0.22 for architecture services, connoting a relatively low degree of regulatory restrictiveness; the corresponding value is only marginally lower, 0.2, for engineering services. The majority of regulations affecting trade in these sectors concern the movement of people.
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  • 36
    Language: English
    Pages: Online-Ressource (98 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 176
    Keywords: Logistikdienstleister ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for transport and courier services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. This report presents the first vintage of indicators for transport and courier services and captures de jure regulations in force in 2013. The STRI supports the view that these services are subject to very different regulatory frameworks and, in some cases, to a relatively elevated degree of regulation. Indices for air transport covering measures affecting commercial establishment and accompanying movement of natural persons are on average quite high (0.43), with little variation across countries. A preliminary assessment of restrictiveness in cross-border trade in the sector shows that, while some progress in easing restrictions has been achieved through open skies agreements, significant limitations remain in place. The maritime transport sector is moderately open with an average STRI of 0.25. Foreign equity restrictions are still quite common in the sector and contribute significantly to the index. Most other sector-specific restrictions are found in the cabotage market and in ports. In road freight transport, the results confirm that the domestic road freight transport regime has been significantly liberalised over the years, and currently commercial establishment in the sector is largely affected by horizontal measures. The overall level of restrictiveness is relatively low with an average of 0.16, but exhibits pretty large variation. With respect to rail freight, the STRI also supports the view that considerable reforms have been undertaken in the sector in the past decades. The average level of restrictiveness is moderate at 0.22, although two countries maintain a statutory state-owned monopoly, which implies that the sector is completely closed to foreign suppliers. Finally, for courier services the results show that the overall level of restrictiveness is moderate with a sample average of 0.26. There is, however, large variation in STRI indices among countries. The elevated levels of restrictiveness are found in countries where foreign equity restrictions or statutory monopolies exist.
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  • 37
    Language: English
    Pages: Online-Ressource (27 S.)
    Series Statement: OECD trade policy papers 164
    Keywords: Exportbeschränkung ; Rohstoff ; Politische Kommunikation ; Good Governance ; WTO-Recht ; Außenwirtschaftspolitik ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The incidence of export taxes, prohibitions and other measures that raise export prices, limit export quantities or place conditions on exporting is on the rise. Transparency can help mitigate the negative effects of export restrictions by enabling affected stakeholders to better understand and anticipate policy change and adjust their activities. This paper develops a checklist of good practice in transparency which can serve as a tool for self-evaluation by governments and for promoting better and more consistent transparency practices in this area. The items of the checklist are drawn from norms and practices found in WTO and regional trade agreements and good governance guidelines. Additionally, feedback was sought through a small business survey. The list provides guidance with respect to such questions as what, when and how information about export restrictions governments ought to make public. It assembles relevant principles for keeping stakeholders and the general public informed at different stages of developing and implementing export restrictions and identifies information content for an effective information policy. Transparency moreover depends on the ease with which information can be obtained and on the extent to which stakeholders have an opportunity to make their views known when a measure is still on the drawing board.
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  • 38
    Language: English
    Pages: Online-Ressource (27 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2014/01
    Keywords: Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: This report provides an update on recent developments in the field of Regional Trade Agreements and the environment. Issues arising in the implementation of RTAs with environmental considerations are examined as well as experience in assessing their environmental impacts. This is the seventh update prepared under the aegis of the Joint Working Party on Trade and Environment (JWPTE) since the series began with the 2007 publication Environment and Regional Trade Agreements. The document covers developments from late 2012 to October 2013. It is based on publicly available information.
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  • 39
    Language: English
    Pages: Online-Ressource (76 S.) , graph. Darst.
    Series Statement: OECD working papers on international investment 2014/01
    Series Statement: OECD working papers on international investment
    Keywords: bribery ; investor state arbitration ; investment treaties ; environmental law ; labour law ; ISDS ; corruption ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: Investment treaty law – which is scattered over 3 000 international investment agreements adopted over a period of 50 years – is a crucial but complex basis for regulating international investment flows. Investment treaties are often thought to be silent on investors’ responsibilities to host societies and on their contributions to sustainable development. The present paper establishes a factual and statistical basis for understanding the relationship between investment treaty law and governments’ ability to advance the sustainable development agenda and promote responsible business conduct. The paper presents survey results of 2 107 investment treaties and 1 113 treaty-based arbitration cases in order to shed light on how (if at all) labour, environmental, human rights and anti-corruption considerations are referred to in investment treaties and investor-state arbitration cases based on them.
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  • 40
    Language: English
    Pages: Online-Ressource (27 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 173
    Keywords: Vertrieb ; Unternehmensdienstleistung ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for distribution services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for distribution services and captures regulations in force in 2013. The scores range between 0.02 and 0.40, with a sample average of 0.13. It is observed that the regulatory profile differs across countries. Restrictions on foreign ownership and other market entry conditions significantly contribute to the results for almost half of the countries covered by the STRI. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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  • 41
    Language: English
    Pages: Online-Ressource (38 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 174
    Keywords: Kommunikationsmedien ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Science and Technology ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for motion pictures, television and broadcasting and sound recording. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for audio-visual services and captures regulations in force in 2013. The scores range between 0.06 and 0.72 for motion pictures, 0.07 to 0.78 for television and broadcasting, and between 0.05 and 0.37 for sound recording. The sample averages are 0.18 for motion pictures, 0.28 for television and broadcasting and 0.16 for sound recording. Limitations on foreign entry, including foreign equity limits contribute to about two thirds of the index values in television and broadcasting. In motion pictures screen quotas contribute to the indices in many of the countries with scores above average. Sound recording, i.e. music, is the most open of the three audio-visual services sectors where limitations on movement of people account for more than 40% of the index value. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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  • 42
    Language: English
    Pages: Online-Ressource (95 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 165
    Keywords: 1985 - 2010 ; Industrie ; Dienstleistungssektor ; Dienstleistungshandel ; KMU ; Globalisierung ; Trade ; Industry and Services ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This study empirically investigates key restrictions to the internationalisation of small and medium-sized enterprises (SMEs) in manufacturing and across different types of services. The study explores the extent to which binding constraints faced by SMEs producing goods may differ from small firms operating in services sectors and takes stock of how existing policy initiatives address some of these differences. Our results suggest that while firm size clearly influences the trade performance of SMEs in manufacturing, it is an ambiguous predictor of export performance in the case of small-sized services firms. The findings show that firm size influences the choice of export channel and that small firms rely more on indirect and agglomeration networks. Finally, the results point to a strong degree of firm-level heterogeneity across services activities and enterprise size. It would seem that incorporating sectoral and size heterogeneity into existing policies might be desirable to address key constraints for SMEs.
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  • 43
    Language: English
    Pages: Online-Ressource (68 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 14
    Keywords: 1998 - 2012 ; Luftverkehr ; Elektrizitätsversorgung ; Bergbau ; Erdölindustrie ; Telekommunikationsdienst ; Öffentliches Unternehmen ; Multinationales Unternehmen ; Internationaler Wettbewerb ; Welt ; Finance and Investment ; Governance ; Industry and Services ; Arbeitspapier ; Graue Literatur
    Abstract: State-owned and other state-invested enterprises (SIEs) have become more prominent in the global economy over the last decade. A growing role for state-invested enterprises in the marketplace is not in itself onerous. According to an OECD consensus, as expressed through the Organisation’s legal instruments, SOEs can be operated according to similarly high standards of governance, transparency and efficiency as private companies, in which case the ownership issue is moot. However, only some of the world’s most advanced economies, following decades of reform of their SOE sectors, have approached this point. Moreover, when SOEs operate across borders the challenges may multiply. With this background, this paper compares the difference between SIEs and non- SIEs in five sectors: air transportation, electricity, mining, oil & gas and telecommunication. The empirical analysis indicates that, in addition to any financing advantages, large state-invested enterprises also seem to benefit from an unusually favourable position in their home markets. A comparative analysis further shows that, in the course of the last ten years, SIEs have generally enjoyed higher rates of return than comparable private companies. The paper concludes that the growing role of state-invested enterprises in the international marketplace does not yet present a serious macroeconomic challenge. However, since it is likely to keep growing for some time, challenges need to be addressed relatively soon. This makes for a strong case for enhanced policy coordination and information sharing. If legally binding instruments cannot be developed in the near to medium-term to ensure competitive neutrality, consultation mechanisms could be established through which the main players in international trade and investment can exchange views on matters of common concern related to the state in the marketplace. The ultimate purpose would be ensuring that the international trade and investment environment remains open, non-discriminatory and offering a level playing field.
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  • 44
    Language: English
    Pages: Online-Ressource (42 S.) , graph. Darst.
    Series Statement: OECD environment working papers 67
    Keywords: 2000 - 2011 ; Förderung erneuerbarer Energien ; Investitionspolitik ; Innovationsdiffusion ; Wirkungsanalyse ; Private Investition ; OECD-Staaten ; Environment ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: This paper analyses the effects of government policies on flows of private finance for investment in renewable energy (inducement effect). It also examines whether direct provision of public finance for a project increases the volume of private finance raised (“crowding in” effect). A unique dataset of financial transactions for renewable energy projects with worldwide coverage is constructed using the Bloomberg New Energy Finance database. The analysis covers 87 countries, six renewable energy sectors (wind, solar, biomass, small hydropower, marine and geothermal) and the 2000-2011 time-span. Main findings are that, in contrast to quota-based schemes, price-based support schemes are positively correlated with investors’ ability to raise private finance. The paper suggests that, rather than the type of instrument (price vs. quota), it is the specific design of such schemes that is key to providing a predictable signal and an effective incentive to attract private investors. It is also found that public finance supports precisely those projects that have had difficulty raising private finance (co-financed projects), where neither quota-based measures nor price-based support schemes have a significant effect on private finance flows. This raises the concern that in the absence of well-designed policies which incentivise private finance investment, governments wishing to secure project completion have no other choice than to support projects directly through the use of public finance.
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  • 45
    Language: English
    Pages: Online-Ressource (49 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 15
    Keywords: Aktionärsrechte ; Board of Directors ; Gerichtsbarkeit ; Minderheitsaktionäre ; Rechtsdurchsetzung ; Corporate Governance ; Finanzmarktaufsicht ; Börse ; Aktienrecht ; Gesellschaftsrecht ; MENA-Staaten ; Finance and Investment ; Governance ; Arbeitspapier ; Graue Literatur
    Abstract: Corporate governance frameworks in the Middle East and North Africa region have undergone a substantial evolution in the past decade. Better enforcement of corporate governance rules and regulations has in the past three years emerged as both a policy challenge and a priority for the region. This emphasis on better enforcement reflects a number of trends including political changes in some countries of the region, the global call for better surveillance of the adoption of governance rules as well as low investor engagement in the region. This paper examines key developments in public and private corporate governance enforcement in the region. It highlights the growing level of public enforcement as expertise within the securities regulators is growing. The paper provides policy recommendations on specific aspects of governance frameworks such as the treatment of related party transactions and board member responsibilities which - if better regulated - could result in more effective governance enforcement in the region.
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  • 46
    Online Resource
    Online Resource
    Paris : OECD
    Language: English
    Pages: Online-Ressource (38 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 166
    Keywords: 1995 - 2009 ; Export ; Erwerbstätigkeit ; Unternehmenskooperation ; China ; Japan ; Südkorea ; Employment ; Trade ; China, People’s Republic ; Indonesia ; Japan ; Korea, Republic of ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper examines the effects of exports on employment in China, Indonesia, Japan and Korea. It draws on input-output data for the period from 1995 to 2009 to estimate the effects on each industry's employment (i.e. direct effects) and on other industries' employment through intra-industry linkages (i.e. indirect effects). There are four major findings. First, at the aggregate level, the implied employment from exports increased in China, Japan and Korea. Second, at the industry level, exports and the shares of implied employment from exports increased in machinery-related industries such as Machinery (NEC), Electrical and Optical Equipment, and Transport Equipment in China, Indonesia and Korea. Third, although more than 80% of exports in the four study countries are from manufacturing industries, the employment effects are not limited to manufacturing industries. A significant number of workers in non-manufacturing industries depend upon manufacturing exports through vertical inter-industry linkages. Non-manufacturing industries account for between 40% and 60% of the implied employment from exports. Finally, in 2009, the share of implied employment from Chinese final demand exceeded that from the US final demand in both Japan and Korea. An implication of the overall results is that even in cases where an industry is not particularly directly export-oriented, the industry may still be subject to potential effects – positive or negative – of changes in export demand.
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  • 47
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 172
    Keywords: Telekommunikationssektor ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Science and Technology ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for telecommunications. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for telecommunications and captures regulations in force in 2013. The scores range between 0.06 and 0.61, with a sample average of 0.22. Barriers to competition, reflecting inadequate regulation of incumbents with significant market power, and state ownership in some countries make the largest contribution to the index value, followed by restrictions on foreign entry. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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  • 48
    Language: English
    Pages: Online-Ressource (51 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 175
    Keywords: Finanzdienstleistung ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Finance and Investment ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for financial services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for commercial banking and insurance services and captures regulations in force in 2013. The scores in commercial banking range between 0.06 and 0.55, with a sample average of 0.19. The scores in insurance services range between 0.05 and 0.63, with a sample average of 0.20. The results are mainly driven by restrictions on market entry, where significant impediments remain in the form of foreign equity limits, restrictions on legal form, discriminatory licensing criteria and restrictions on cross-border transactions. Barriers to competition, including regulation of products and prices and preferential treatment granted to state-owned financial institutions, also make a substantive contribution to the index values. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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  • 49
    Language: English
    Pages: Online-Ressource (96 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 144
    Keywords: Außenwirtschaftsförderung ; Wirkungsanalyse ; Entwicklungsländer ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report presents the findings of the OECD indicators for assessing the impact of specific trade facilitation measures on developing countries’ trade. Sixteen trade facilitation indicators (TFIs) have been constructed, corresponding to the main policy areas under negotiation at the WTO, with the aim to estimate the impact of addressing specific hurdles in the trade and border procedures of a given country. The policy areas that seem to have the greatest impact on trade volumes and trade costs not only for imports but also to export performance are the availability of trade-related information, the simplification and harmonization of documents, the streamlining of procedures and the use of automated processes. The combined effect of improvements in these areas is greater than the simple sum of the impact of individual measures, reaching almost 14.5% reduction of total trade costs for low income countries, 15.5% for lower middle income countries and 13.2% for upper middle income countries.
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  • 50
    Language: English
    Pages: Online-Ressource (85 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 142
    Keywords: Agraraußenhandel ; Ernährungssicherung ; Armut ; Entwicklungsländer ; Agriculture and Food ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Agricultural trade is widely considered as an important contributor to developing countries‘ economic growth, poverty alleviation and food security. This report identifies and analyses some of the most important supply-side constraints to developing countries‘ exports of agricultural products, in order to inform prioritisation and sequencing of domestic policy reforms as well as targeting of donor interventions. The analysis is supplemented by case studies of Aid for Trade programmes supporting agricultural trade expansion in Indonesia, Zambia and Mozambique. The report confirms that developing countries‘ agricultural exports are highly responsive to the quality of transport and trade-related infrastructure, while tariffs still have a significant negative impact. The analysis also highlights the importance of complementary policies such as education and political stability on developing countries‘ agricultural trade performance. In the poorest countries of the sample, significant trade expansion could be achieved by easing constraints related to governance and infrastructure quality, as well as by lifting constraints related to the efficient use of existing freshwater resources. The case studies illustrate the impact on agricultural exports of constraints related to standards and conformity assessment or access to credit, in particular as regards small and medium agricultural producers, processors and traders. They also show the contribution of donor supported programmes promoting private sector initiatives to poverty reduction through increased employment and the promotion of production adapted to local endowments.
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  • 51
    Language: English
    Pages: Online-Ressource (15 S.) , graph. Darst.
    Series Statement: OECD working papers on sovereign borrowing and public debt management 7
    Keywords: Öffentliche Anleihe ; Indexanleihe ; Kosten-Wirksamkeits-Analyse ; Großbritannien ; Finance and Investment ; United Kingdom ; Arbeitspapier ; Graue Literatur
    Abstract: Sovereign index-linked bond issuance has grown significantly since the early 1980s, with nearly $2.5 trillion USD in bonds now in issue. Index-linked bonds have become a widely accepted part of the set of instruments that sovereign debt managers use for funding purposes and so the question of how to assess their cost effectiveness relative to other financing options is of increasing importance. This paper sets out a methodology for conducting such an analysis, the rationale behind it and ways in which such an approach could be further developed.
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  • 52
    Language: English
    Pages: Online-Ressource (40 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2013/02
    Keywords: Länderfinanzen ; Haushaltskonsolidierung ; OECD-Staaten ; Finance and Investment ; Governance ; Urban, Rural and Regional Development ; Taxation ; Arbeitspapier ; Graue Literatur
    Abstract: Recent crises and national consolidation packages affected sub-national finances. In many OECD countries, central governments introduced reductions in transfers to sub-national governments, and established expenditure and/or deficit objectives to be met by local or regional authorities. Such measures have reduced the financial room of sub-national governments for implementing key public services or investments. In parallel, borrowing conditions deteriorated for many sub-national governments, as banks and financial markets became increasingly reluctant to lend. Since late 2008, financial markets started discriminating between high- and low-quality SNG bonds, and yields reached record-high levels for sub-national governments perceived as less creditworthy. Facing degraded finances, upward pressure on expenditures and deteriorated borrowing conditions, many sub-national governments have used public investment as an adjustment variable to reduce their budget deficits and preserve their spending on welfare, health or education. However, such policies may hinder long-term growth perspectives.
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  • 53
    Online Resource
    Online Resource
    Paris : OECD
    Language: English
    Pages: Online-Ressource (64 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 31
    Keywords: Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper investigates policyholder protection schemes in OECD member countries and selected non-OECD countries. It is selective in its scope: it examines the rationale for a policyholder protection scheme; the relationship between certain design features and moral hazard; the role of a policyholder protection scheme within the overall resolution framework; and some cross-border features of these schemes. While the paper focuses on protection schemes for policyholders, it seeks to draw lessons from compensation schemes in the banking and occupational pension fund sectors, while recognising sectoral differences.
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  • 54
    Language: English
    Pages: Online-Ressource (30 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2013/04
    Keywords: Regionale Wirtschaftsintegration ; Handelsabkommen ; Welt ; Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: This report provides an update on recent developments in the field of Regional Trade Agreements and the environment. Issues arising in the implementation of RTAs with environmental considerations are examined as well as experience in assessing their environmental impacts. It is the sixth update prepared under the aegis of the Joint Working Party on Trade and Environment (JWPTE). The document covers developments from late 2011 to October 2012. It is based on publicly available information.
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  • 55
    Language: English
    Pages: Online-Ressource (31 S.) , graph. Darst.
    Series Statement: OECD food, agriculture and fisheries working papers 65
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.65
    Keywords: 1998 - 2009 ; Regionale Wirtschaftsintegration ; Handelsabkommen ; Agraraußenhandel ; Handelspräferenzen ; Ökonometrie ; Schätzung ; Welt ; Agriculture and Food ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Trade flows are significantly affected by the trade agreements both with respect to impacts on pre-existing trade flows, (intensive margin) and on new, previously non-existent trade flows (extensive margin). The effect of the Regional Trade Agreements on pre-existing trade flows are found to be significant with a mean elasticity of substitution at the product level of about 2 so that a 1% preferential margin increases trade by only 2% on average. Total bilateral exports are found to be increased by 18% on average for products benefiting from a preferential margin between 5 and 10%, and by 48% for products where the margin exceeds 10%. The effect of an RTA agreement on extensive margin is to increase the probability to export a given a product to a partner country by one percentage point on average. Furthermore preferential margins, as measured through their impact on tax-inclusive consumer prices, nearly double within eight years of entry into force rising from 4.7% to 8.9% on average.
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  • 56
    Online Resource
    Online Resource
    Paris : OECD
    Language: English
    Pages: Online-Ressource (41 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2013/05
    Keywords: Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: Researchers have long been interested in whether environmental regulations discourage investment, reduce labour demand, or alter patterns of international trade. But estimating those consequences of regulations requires devising a means of measuring their stringency empirically. While creating such a measure is often portrayed as a data-collection problem, we identify four fundamental conceptual obstacles, which we label multidimensionality, simultaneity, industrial composition, and capital vintage. We then describe the long history of attempts to measure environmental regulatory stringency, and assess their relative success in light of those obstacles. Finally, we propose a new measure of stringency that would be based on emissions data and could be constructed separately for different pollutants.
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  • 57
    Language: English
    Pages: Online-Ressource (60 S.) , graph. Darst.
    Series Statement: OECD working papers on international investment 2013/03
    Series Statement: OECD working papers on international investment
    Keywords: shareholders ; stockholders ; shareholder claims ; shareholder rights ; shareholder remedies ; stockholder remedies ; reflective loss ; reflective injury ; derivative action ; derivative loss ; derivative injury ; consistency ; consistency of arbitral decisions ; double recovery ; double jeopardy ; multiple claims ; judicial economy ; settlement ; corporate law ; company law ; creditors ; creditors’ rights ; investor-state dispute settlement ; international arbitration ; arbitrators ; international economic law ; comparative law ; domestic impact of investment law ; international arbitration ; investment arbitration ; foreign investment ; international investment ; international investment law ; access to justice ; level playing field ; competitive neutrality ; treaty shopping ; internationalinvestment agreements ; investment treaties ; bilateral investment treaties ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: Claims by company shareholders seeking damages from governments for so-called "reflective loss" now make up a substantial part of the investor-state dispute settlement (ISDS) caseload. (Shareholders’ reflective loss is incurred as a result of injury to “their” company, typically a loss in value of the shares; it is generally contrasted with direct injury to shareholder rights, such as interference with shareholder voting rights.) This paper considers the consistency issues raised by shareholder claims for reflective loss in ISDS. The paper first compares the approach to shareholder claims in ISDS with advanced systems of national corporate law (and other international law). ISDS arbitrators have consistently found that shareholders can claim individually for reflective loss in ISDS under typical BITs. This can be seen as a success story from the point of view of consistency of legal interpretation and improves investor protection for potential claimant shareholders in many cases. In contrast, however, advanced national systems and international law generally apply what has been called a "no reflective loss" principle to shareholder claims. Second, the paper analyses the policy issues relating to consistency that are raised by shareholder claims for reflective loss in ISDS. National and international law barring shareholder claims for reflective loss is often explicitly driven by policy considerations relating to consistency, predictability, avoidance of double recovery and judicial economy. Limiting recovery to the company is seen as both more efficient and fairer to all interested parties. In contrast, ISDS tribunals and commentators have generally given limited consideration to the policy consequences of allowing shareholder claims for reflective loss. The third part of the paper addresses the issue of company recovery (including two different existing systems which expand the ability of foreign-controlled companies to recover in ISDS) and its relevance to shareholder claims for reflective loss. The paper also contains a series of questions for discussion and has been discussed by governments participating in an OECD-hosted investment roundtable.
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  • 58
    Language: English
    Pages: Online-Ressource (55 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 34
    Keywords: Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Financial inclusion is an international policy priority and demand-side initiatives including financial education have an important role to play in helping individuals to access and use appropriate, formal financial products. In 2010, under the support of the Russian Trust Fund for Financial Literacy and Education, the OECD/INFE launched a project on the role of financial education in financial inclusion. The results of this work show that low levels of financial inclusion are associated with lower levels of financial literacy. Recent research, including a broad stock take of INFE members, permitted to identify various ways in which policy makers are developing financial education policies for financial inclusion. Based on a review of approaches taken to deliver financial education for financial inclusion, this report highlights challenges faced and solutions found, and discusses the main lessons learnt and potential way forward.
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  • 59
    Language: English
    Pages: Online-Ressource (99 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 35
    Keywords: Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report is structured in three chapters. The first chapter examines the channels through which institutional investors can access green infrastructure, assesses the extent to which this is currently happening, and identifies the barriers to scaling up these investment flows. The second chapter presents four case studies: on utility-scale solar PV power generation in the United States, sustainable agriculture in Brazil, off-shore wind energy in the United Kingdom, and the securitisation of on-shore wind farms in Germany and France. The third chapter uses the conclusions on the case studies to draw out broader lessons for governments on the policy settings which may support investment in green infrastructure by institutional investors. These include, inter alia, ensuring a stable and integrated policy environment, addressing market failures, providing an infrastructure road map, facilitating the development of appropriate green financing vehicles, and promoting market transparency and improved data collection.
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  • 60
    Language: English
    Pages: Online-Ressource (56 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 161
    Keywords: Außenwirtschaftspolitik ; Betriebliche Wertschöpfung ; Internationale Arbeitsteilung ; Effektive Protektion ; Regionale Wirtschaftsintegration ; Kanada ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur ; Fallstudie
    Abstract: Taking global value chains (GVCs) into account has important implications for trade policy. When production is vertically fragmented and trade in intermediate inputs is prevalent, one has to look differently at a certain number of issues. Through case studies, this paper provides new evidence on the incidence on services of tariffs levied on goods (case study 1) and then discusses effective rates of protection in a world of GVCs and what the removal of tariffs on intermediate inputs implies, using the example of Canada (case study 2). To illustrate how trade agreements could be made more relevant for GVCs, the paper further looks at sectoral approaches in trade negotiations through the example of the Information Technology Agreement (case study 3) and finally compares the network of regional trade agreements in force with global production networks (case study 4).
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  • 61
    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: OECD Economics Department working papers 1013
    Keywords: Haushaltskonsolidierung ; Umverteilung ; OECD-Staaten ; Economics ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: 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. A full assessment of distributional effects of consolidation packages would need to consider dynamic measures, such as life-time income distribution and the equality of opportunity, along with behavioural responses and interactions with other policies. In any case, there is scope to balance current consolidation efforts in favour of more equity with only limited adverse impact on potential growth. In particular, relatively little weight has been given to reducing tax expenditures and raising taxes on immovable property. A number of consolidation instruments are consistent with equity goals while doing little or no harm to potential growth: increases in the effective retirement age, raising efficiency in the education and health care systems, cutting certain tax expenditures, hiking taxes on immovable property and broadly-based consumption taxes. Increases in capital income taxes would also be equitable but need to be well designed to avoid being distortive. Calculations based on simplifying assumptions indicate that increasing household direct taxes would reduce income inequality, while cutting transfers by the same amount would have a larger and opposite effect on inequality. However, raising progressive labour income taxes could have adverse effects on long-run growth. Cuts in government wages and employment can yield fast consolidation gains but need to be accompanied by increases in efficiency of service delivery to avoid that reductions in public services mainly hit the poor. Cuts in unemployment-related and disability benefits will likely hit poorer people in the first place but may have less adverse effects on inequality in the long run once employment increases in response to a better incentive structure.
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  • 62
    Language: English
    Pages: Online-Ressource (67 S.) , graph. Darst.
    Series Statement: OECD Corporate Governance working papers 7
    Keywords: Corporate Governance ; Rechtsdurchsetzung ; Geldwäsche ; Aktionäre ; Unternehmenspublizität ; Finance and Investment ; Governance ; Arbeitspapier ; Graue Literatur
    Abstract: Investor confidence in financial markets depends in large part on the existence of an accurate disclosure regime that provides transparency in the beneficial ownership and control structures of publicly listed companies. This is particularly true for corporate governance systems that are characterised by concentrated ownership. On the one hand, large investors with significant voting and cash-flow rights may encourage long-term growth and firm performance. On the other hand, however, controlling beneficial owners with large voting blocks may have incentives to divert corporate assets and opportunities for personal gain at the expense of minority investors.The paper focuses particularly on the misuse of corporate vehicles, which arguably poses a major challenge to good corporate governance. Stakeholder rights (e.g. employees and creditors) cannot be properly exercised if ultimate decision- be identified. The accountability of the board may also be seriously endangered if stakeholders and the general public are unaware of decision-making and ultimate control structures. Finally, regulators and supervisory agencies have a strong interest in knowing beneficial owners – in order to determine the origin of investment flows, to prevent money laundering and tax evasion and to settle issues of corporate accountability.
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  • 63
    Language: English
    Pages: Online-Ressource (56 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 143
    Keywords: Arbeitsmarkt ; Internationale Wirtschaft ; Arbeitsmarktpolitik ; Außenwirtschaftspolitik ; Employment ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: While it is widely accepted that there are adjustment costs associated with the reallocation of resources in response to freer trade, in most models these costs are assumed to be very small. However, more recent evidence is casting doubt on this assumption. This paper develops a unique dataset based on harmonised labour force surveys for six economies, facilitating the comparison of short term labour market impacts from trade across countries. Data are reported at the individual worker level, allowing a comparison of impacts at both the industry and occupation levels. While the results of this empirical analysis at the industry level are very much in line with established research, the results at the occupation level are more varied. Overall, and as expected, impacts are generally larger for occupations than at the industry level. These results are consistent with modern trade theory which posits that an expanding export sector rewards mostly high skilled workers and that some workers may find it more difficult to switch occupations than to switch industries. Outcomes can also be explained in the context of labour market frictions and highlight the important role of labour market policy – as well as trade policy – in structural adjustment. Our results are consistent with sticky sector-specific human capital and information asymmetries, especially with respect to opportunities in different regions within the same country. A wide range of policies can be employed to address these labour market frictions to improve worker mobility and reduce adjustment costs. Further efforts to specify appropriate policies to accompany trade openness is warranted; doing so would go a long way towards improving employment outcomes and generating more inclusive growth.
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  • 64
    Language: English
    Pages: Online-Ressource (30 S.) , graph. Darst.
    Series Statement: OECD working papers on sovereign borrowing and public debt management 6
    Keywords: Schuldenmanagement ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: This paper summarizes and discusses results from a survey conducted by the Department of Finance Canada and the Bank of Canada in July 2012 regarding an overview of investor relations (IR) and communications practices of members of the OECD Working Party on Debt Management (WPDM). The survey contained both quantitative and qualitative questions pertaining to IR, grouped into three themes: Definition and Development; Communications Strategy and Relationship Management; and Governance and Sustainability. Survey responses from 26 countries were collected and analyzed under these themes. While the extent of formalization and governance varies, all respondents with outstanding debt indicated that they perform IR activities; comments received suggest a general expansion of IR activities as the function evolves, both as a best practice and for directed, strategic purposes. Responses were collected regarding the most useful IR activities and communication methods conducted by countries, key stakeholder relationships relative to the IR function, and key challenges that include the difficulty in measuring the value of IR, particularly under changing circumstances. Despite the challenges, on-going IR is viewed as an important and effective component of the overall debt management function.
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  • 65
    Language: English
    Pages: Online-Ressource (37 S.)
    Series Statement: OECD food, agriculture and fisheries working papers 62
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.62
    Keywords: Pflanzenschutz ; Gesundheitsvorsorge ; Regionale Wirtschaftsintegration ; Handelsabkommen ; Nichttarifäre Handelshemmnisse ; WTO-Recht ; Konfliktregelung ; Wirkungsanalyse ; Transparenz ; Agriculture and Food ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report looks at procedures and processes related to non-tariff measures in agricultural trade. Based on the prior that countries are likely to make efforts to reduce the trade hindering effects of domestic food regulation within regional trade agreements, we focus on three different RTAs, including the North Atlantic Free Trade Agreement, the EU-Switzerland Free Trade Agreement (and more precisely, the EU-Switzerland Agreement on Trade in Agricultural Products), and the EU-Chile Free Trade Association. The paper first compares the texts of these RTAs with the provisions made in the WTO SPS and TBT Agreement and assesses their revealed ambition with respect to avoiding NTM-related frictions in agricultural trade between party countries. Based on a survey covering the countries party to these RTAs, the paper then analyses the way processes in the design and implementation of regulations differ across these countries. It identifies several areas where processes within RTA member countries could potentially inform process developments in other RTAs or at a multilateral level and calls for further research to better understand the empirical implications of such processes.
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  • 66
    Language: English
    Pages: Online-Ressource (76 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2013/02
    Keywords: Energiemarkt ; Erneuerbare Energie ; Handelshemmnisse ; Europa ; Energy ; Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: The uptake of renewable energy (RE) has been identified by a number of governments as a primary means for mitigating CO2 emissions from the electricity sector, and for making the transition to a low-carbon economy. The electric power output of some RE technologies, however, including those based on intermittent wind and solar energy, can vary considerably over short periods of time and thereby introduce instability into the electricity system. The risk of instability increases with higher shares of intermittent power sources connected to the electrical grid. Different means have been used to deal with this intermittency problem. Cross-border trade in electricity appears to be one of them since it enables countries to gain access to a more diversified portfolio of plants, producing over a wider geographic area. Preliminary results from an examination of the European electricity market confirm the importance of cross-border electricity trade in increasing the effective capacity factor of intermittent plants in the context of a growing share of intermittent renewables in the power sector. There are a number of policy issues that must first be addressed though, with some financial and administrative incentives provided to variable RE technologies discouraging RE producers from fully participating in electricity market operations and exerting downward pressure on wholesale electricity prices. The positive contribution that cross-border trade in electricity can make to address the variability problem not only depends on addressing challenges that renewable-energy technologies pose to electricity markets, but also necessitates the existence of an efficient cross-border electricity trading regime. Addressing those regulatory and administrative measures that are inhibiting growth in cross-border trade and the smooth operation of regional electricity markets would therefore help increase the potential for trade in electricity to facilitate growth in renewable energy.
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  • 67
    Language: English
    Pages: Online-Ressource (47 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 9
    Keywords: Corporate Governance ; Unternehmenspublizität ; Geldwäsche ; Rechtsdurchsetzung ; Aktionäre ; Indonesien ; Finance and Investment ; Governance ; Indonesia ; Arbeitspapier ; Graue Literatur
    Abstract: A good corporate governance framework should combine transparency, accountability and integrity and this requires knowledge of beneficial ownership. The protection of minority investors and other stakeholder protection will be challenging without access to reliable information about the ownership, including the identity of the controlling owners, and control structures of listed companies. This report assesses the costs, benefits and practicalities of different approaches, suggesting policy options to better identify ultimate beneficial ownership in Indonesia. This report was requested by the Capital Market and Financial Institution Supervisory Agency in Indonesia, Bapepam-LK, in the context of the OECD-Indonesia corporate governance policy dialogue launched in 2011. The objective is to support policy makers and regulators in their efforts to enhance disclosure and enforcement of beneficial ownership and control as part of overall efforts to improve corporate governance standards and practices in Indonesia.
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  • 68
    Language: English
    Pages: Online-Ressource (42 S.)
    Series Statement: OECD trade policy papers 146
    Keywords: Rohstoff ; Außenwirtschaftspolitik ; Exportbeschränkung ; Transparenz ; Exportbeschränkung ; Exportsteuer ; WTO-Recht ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Recent years have witnessed an ever-increasing resort to export restrictions in the markets for raw materials, causing heightened uncertainty about supply availability together with friction among trading partners. Poor transparency can amplify and compound the effects of restrictive trade policies. This paper explores the issue of transparency with respect to the use of export restrictions, especially focusing on the question of what information governments applying them make publicly available. After explaining how transparency is operationalised in the conduct of trade policy and what its benefits are for trading firms, investors and other stakeholders, in importing countries inasmuch as in the economies applying export restrictions, the paper reviews applicable rules and commitments elaborated in GATT/WTO, regional trade agreements and other sources of rules. The review shows an evolutive, cumulative path towards greater transparency in trade policy over time and distills best-practice principles and tools specifically aiming at the provision of information. The last section of the paper applies a checklist of information elements consistent with these best practices to the study of actual national information policies. This is done by examining the content of public information on export restrictions in the minerals sector that is made available on the governmental websites of 33 countries that make use of such measures. The exercise suggests where national information policies appear to have gaps and could be improved. It also provides illustrations of country approaches for delivering such information in a comprehensive and efficient manner.
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  • 69
    Language: English
    Pages: Online-Ressource (57 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 148
    Keywords: Industrie ; Produktivitätsentwicklung ; Wettbewerb ; Unternehmensdienstleistung ; Deregulierung ; Wissensgesellschaft ; Trade ; Industry and Services ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This study analyses the relationships between competitiveness in manufacturing and the quality of key supporting services. Three indicators of competitiveness are considered: the degree of product differentiation, unit prices obtained in export markets and the duration of trade. The density of telecoms networks and the reliability of electricity supply stand out as the most crucial for competitive manufacturing. In addition the ease at which contracts can be enforced and the time it takes to export and import goods are strongly related to competitiveness. Our methodology allows us to go beyond a one size fits all policy analysis. Interestingly, we find that in low-income countries, the impact of services quality and policy on competitiveness is highest in low-technology industries; in middle-income countries it is highest in medium-technology sectors and in high-income countries the impact is highest in medium-high and high-technology industries. This suggests that better services contribute to moving up the value chain in industries where a country already has technological capacity and comparative advantage, but better services alone may not stimulate product differentiation in sectors where a country is far from the competitive edge – at least not in the short run. Policy reforms needed are to simplify procedures for contract enforcement, liberalisation of FDI, strengthen pro-competitive regulation of network services, and eliminate tariffs. It is concluded that new ways of doing business where manufacturers build relationships with customers and compete on the basis of products they are willing to pay a premium for has the potential to become an important driving force for growth after the great recession, provided that adequate support from competitive services markets is in place.
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  • 70
    Language: English
    Pages: Online-Ressource (30 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 154
    Keywords: Qualifikation ; Erwerbstätigkeit ; Außenhandel ; Geschlecht ; Globalisierung ; Betriebliche Wertschöpfung ; Lohn ; Internationale Arbeitsteilung ; Unternehmensnetzwerk ; Employment ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper provides evidence of the links between Global Value Chains (GVCs) and labour market outcomes, focusing on developing economies. The literature generally indicates that firms with international linkages—which we use here as a proxy for GVC involvement—tend to employ more workers, pay higher wages, and employ more skilled workers than firms that deal exclusively with the domestic market. Our results are consistent with existing evidence found in developed economies, with internationalised firms tending to hire more workers and pay higher wages in developing economies as well. We also find a positive significant relationship between the number of skilled workers and firms with international linkages but not in certain key economies. However, this comes more from firms who are importers, exporters and foreign affiliates rather than engaging in any of these activities individually. We attribute this finding to the predominance of assembly work performed in many of the economies under consideration, where unskilled workers tend to dominate. Finally, we see a strong, positive association between shares of female workers and firms with international linkages. Engaging in international activity is shown to provide greater opportunities for women to enter the formal labour market.
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  • 71
    Language: English
    Pages: Online-Ressource (40 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 158
    Keywords: Außenhandel ; Produktivitätsentwicklung ; Schwellenländer ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper contributes new empirical evidence on the relationship between productivity and international trade. This is accomplished using an econometric approach that combines input-output and productivity data, which allows a more detailed tracking of the relationship between trade in intermediate and final products and productivity in countries at different stages of economic development. The results show that various forms of trade integration strongly support productivity in emerging economies. Exporting final products, importing intermediates for domestic production and re-exporting are all associated with higher productivity levels, pointing to the particular importance for this country grouping of being able to integrate into regional and global value chains. Our results emphasise also important linkages between different economic sectors and call for broad-based approaches to facilitating integration with foreign intermediate inputs and final products markets.
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  • 72
    Language: English
    Pages: Online-Ressource (48 S.) , graph. Darst.
    Series Statement: OECD food, agriculture and fisheries working papers 64
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.64
    Keywords: Obst ; Agraraußenhandel ; Freihandelsabkommen ; Datenerhebung ; Chile ; Ökonometrisches Modell ; Welt ; Agriculture and Food ; Trade ; Chile ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report analyses the impact of Chile’s free trade agreements (FTAs) on fresh fruit exports. It finds that the FTAs have been important instruments for providing increased market access for Chilean products based on both an econometric analysis and structured surveys of exporters. While the impacts on profits were not considered to very significant according to exporters, the agreements are considered necessary to maintain a level playing field with Chile’s competitors. Both SAG, Chile’s plant and animal health authority, and Pro-Chile, Chile’s export promotion agency, were viewed as essential to promoting Chile’s reputation as an exporter of quality products. Interviews with trade associations covering a wide range of export products, found that while the FTAs provided entry points into markets, actual market access did not always benefit all sectors equally.
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  • 73
    Online Resource
    Online Resource
    Paris : OECD
    Language: English
    Pages: Online-Ressource (46 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 159
    Keywords: Agroindustrie ; Chemieindustrie ; Elektronikindustrie ; Kfz-Industrie ; Unternehmensdienstleistung ; Finanzdienstleistung ; Internationale Arbeitsteilung ; Betriebliche Wertschöpfung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: World trade and production are increasingly structured around “global value chains” (GVCs). The last few years have witnessed a growing number of case studies describing at the product level how production is internationally fragmented, but there is little evidence at the aggregate level on the prevalence of GVCs. The main objective of this paper is to provide for more and better evidence allowing the examination of countries’ position within international production networks. We propose a number of indicators that give a more accurate picture of the integration and position of countries in GVCs, as well as a more detailed assessment of the value chain in six broad industries: agriculture and food products, chemicals, electronics, motor vehicles, business services and financial services.
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  • 74
    Language: English
    Pages: Online-Ressource (57 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 145
    Keywords: Bergbau ; Regulierung ; Chile ; Trade ; Chile ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Mineral resources present a formidable source of wealth but a formidable challenge to regulate in order to maximize social welfare from their extraction. Some resource-rich countries, such as Chile, have been successful in developing their economies and managing their revenue streams effectively. Strong institutions and regulatory oversight have helped to capitalize on the benefits of the mining sector for economy-wide growth and development in Chile. This paper identifies some of the good practice areas in mining regulation in Chile whose economy has shown strong growth over most of the last two decades. Some of the areas touched on in this paper are the taxation of the minerals sector, management of the tax revenue, and policies designed to foster spillovers into other sectors of the economy and make the most of Chile’s comparative advantage as a long-time global leader in the copper industry. The paper concludes that there is much to be learned from the Chilean experience in regulating its mining sector and many areas where it could be well used as a model for other mineral rich economies wishing to develop their mining sectors to enhance economy-wide growth.
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  • 75
    Online Resource
    Online Resource
    Paris : OECD
    Language: English
    Pages: Online-Ressource (75 S.) , graph. Darst.
    Series Statement: OECD working papers on international investment 2013/01
    Series Statement: OECD working papers on international investment
    Keywords: Auslandsinvestition ; Investitionspolitik ; Internationales Investitionsrecht ; China ; Finance and Investment ; China, People’s Republic ; Arbeitspapier ; Graue Literatur
    Abstract: This working paper examines China’s investment policy since the publication of the 2008 OECD Investment Policy Review of China. China remains the largest recipient of FDI among developing countries and FDI continues to play a disproportionately large role in promoting China’s trade, investment and tax revenue generation, albeit not as large as before. A number of structural changes occurred in recent years, including a slight revival of equity joint ventures, faster growth in services-sector FDI than in manufacturing, and a reorientation of FDI from the Eastern Region to the Central and Western Regions. In addition, China has been rapidly becoming an important source of outward foreign direct investment (OFDI), a trend that was reinforced by the global financial and economic crisis. While foreign investor confidence is maintained by China’s economic strength, it is being undermined by rising labour costs and shortages of skilled labour and by greater competition (especially from Chinese companies). In addition, there are fears that an investment protectionist trend may be emerging in China, as evidenced by, for example, perceived discrimination against foreign-owned companies in government procurement. The Chinese government has taken a number of measures to streamline and decentralise FDI administration and strengthen enforcement. The emphasis has been on aligning inward FDI flows more closely with national priorities, including upgrading industrial sophistication, supporting innovation, setting up outsourcing industries and developing poorer hinterland regions. The most important change is the three-fold raising of the ceiling on provincial examination and approval authority over foreign investment projects in the “permitted catalogue”. Merger notification discrimination against foreign investors has been removed and a national security review process for cross-border M&As has been announced. The Chinese government should continue its efforts to liberalise and increase the transparency and predictability of the framework for both inward and outward FDI.
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  • 76
    Language: English
    Pages: Online-Ressource (99 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2013/01
    Keywords: Erneuerbare Energie ; Förderung erneuerbarer Energien ; Handelseffekt ; Welt ; Energy ; Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: In recent years the manufacturing of renewable-energy technologies has become truly global. The associated rise in international investment and trade in goods and services related to renewable energy has been rapid, but it has not always been smooth. Already there have been challenges at the WTO, and the unilateral imposition of countervailing and anti-dumping duties, in response to some countries‘ policies on the grounds that they distort trade. Against this background, this paper surveys, through the lenses of market-pull and technology-push policies, the numerous domestic incentives used by governments to promote renewable energy, focusing on those that might have implications for trade — both those that are likely to increase opportunities for trade and those that may be inhibiting imports or promoting exports. Many OECD countries, and an increasing number of non-OECD countries, have established national targets for renewable energy. To help boost the rate of penetration of renewable energy in their economies, most of the same countries are providing additional incentives. Market-pull incentives for the deployment of renewable-energy-based electricity generating plants include quota systems, usually administrated through "green" certificates, and fixed per kilowatt-hour feed-in tariffs and premiums. Renewable fuels for transport are typically promoted by governments through obliging fuel suppliers to mix ethanol or biodiesel with their corresponding petroleum-derived fuels. Frequently, renewable fuels for transport also benefit from exemptions, or reductions in, fuel-excise taxes, and in a few countries from production bounties. Many national and sub-national governments also support capital formation in these industries with grants, subsidised loans, loan guarantees, or a combination of instruments. In some jurisdictions, access to government support schemes have been made conditional upon meeting certain minimum levels of domestic content. Such domestic-content requirements are highly controversial because of their direct effects on trade. These effects, and the effects of other policies in combination and in isolation, are examined through a graphical analysis of generic policies, using a simplified stylised representation of the relevant markets. The basic message is that while many domestic incentives are both increasing the supply of renewable energy and facilitating trade in associated technologies and renewable fuels, some — especially those combined with border protection or domestic-content requirements — are likely reducing export opportunities for foreign suppliers, and raising domestic prices for renewable energy as a consequence.
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  • 77
    Language: English
    Pages: Online-Ressource (79 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 10
    Keywords: Aktienmarkt ; Marktstruktur ; Börsengang ; Allokation ; Börse ; Corporate Governance ; Wirtschaftswachstum ; Finance and Investment ; Governance ; Arbeitspapier ; Graue Literatur
    Abstract: This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus on stock markets in the United States.
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  • 78
    Language: English
    Pages: Online-Ressource (37 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 149
    Keywords: Handelsliberalisierung ; Erwerbstätigkeit ; Export ; Brasilien ; Employment ; Trade ; Brazil ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper seeks to evaluate to what extent the greater external exposure of the Brazilian economy in the past decade has contributed to the evolution of employment in the country. This investigation has been undertaken in two ways. First, the total employment variation was decomposed in order to identify the contribution of the final demand components – exports in particular – to this evolution. The decomposition was carried out using the Input-Output Matrix (IOM) methodology and, due to the availability of the estimated IOMs for Brazil, the exercise focused on the period 2000-07. Then, based on the labour content of trade, we estimated the volume of direct employment associated with exports, according to the skill level of workers and to the geographical composition of Brazilian exports, focusing in particular on the years 2002 and 2008. The paper finds that Brazilian exports expanded vigorously in the 2000s and contributed positively to employment generation, though this contribution was relatively small. Largely as a consequence of technological change and shifts in the composition of trade, the jobs created by exports only amounted to about 15% of those created by domestic demand and the export-related jobs were predominantly low skilled jobs.
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  • 79
    Online Resource
    Online Resource
    Paris : OECD
    Language: English
    Pages: Online-Ressource (68 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 151
    Keywords: Öffentlicher Auftrag ; Handelsabkommen ; Regionale Wirtschaftsintegration ; WTO-Recht ; Freihandelsabkommen ; Handelspräferenzen ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The potential multilateralisation of government procurement commitments in regional trade agreements (RTAs) presents many issues and challenges. To what extent do RTAs go beyond the 2012 revised Agreement on Government Procurement (GPA), and how do they differ among trading partners? This report surveys 47 RTAs in force with government procurement provisions where an OECD member is a party. Coverage commitments (entity coverage, thresholds, and goods and services coverage commitments) and procurement provisions including transparency mechanisms of government procurement in the OECD member RTAs are analysed in detail. In general, non-GPA parties have achieved the general GPA level of market access commitments in their RTAs. In particular, RTA services coverage commitments involving non-GPA parties are more extensive than those of GPA parties. RTA market access commitments signed by the same party are fairly homogeneous while some heterogeneity is observed possibly due in large part to reciprocity (e.g. the sub-central government entity coverage and the level of thresholds). With regard to procurement provisions including transparency measures, most RTAs broadly track those of the GPA, and recent RTAs incorporate new elements introduced in the revised GPA as well. If RTAs are to be seen as the “testing ground” for further multilateral liberalisation, it is concluded that there is a large potential for further expanding the government procurement market. Having observed that the potential costs would seem to be relatively limited at least for the non-GPA parties reviewed in this study, it may well be that this means there is more scope for considering accession to the GPA.
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  • 80
    Language: English
    Pages: Online-Ressource (18 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 157
    Keywords: WTO-Verhandlungen ; Außenwirtschaftsförderung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This study provides data on the costs and challenges of implementing trade facilitation measures currently under negotiation in the WTO. It updates an earlier study undertaken in 2005, presenting data and insights from nine additional developing countries. The study confirms earlier findings that the costs of putting in place and maintaining trade facilitation measures are not particularly large and are far smaller than the benefits gained from implementing these measures. Capital expenditure to introduce the measures ranged between EUR 3.5 and EUR 19 million, while annual operating costs did not exceed EUR 2.5 million. Information technologies and single window mechanisms seem the most expensive elements but the most important area is training, because of its role in changing business practices of border agencies. Some measures may be expensive to introduce but not costly to operate, others require political commitment rather than funds. Moreover, an increasing amount of technical and financial assistance to implement these measures has been made available to developing countries over the last decade.
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  • 81
    Language: English
    Pages: Online-Ressource (60 S.) , graph. Darst.
    Series Statement: OECD working papers on international investment 2013/04
    Series Statement: OECD working papers on international investment
    Keywords: bilateral investment treaty ; international investment law ; international investment ; investment treaties ; foreign investment ; investment law ; comparative law ; international investment agreements ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: International investment agreements (IIAs) almost universally define their temporal validity and thus set conditions for States’ exit from these treaties. This study presents the results of the survey of language that determines the temporal validity of 2,061 bilateral investment agreements that the 55 economies participating in the OECD-hosted Freedom of Investment Roundtables have concluded with any other economy. The paper summarises in its first part past and current treaty practice in this regard: how do States design the parameters that define the temporal validity of their treaties and the duration of the obligations contained therein? How has this design evolved over time? Do different kinds of IIAs take different approaches to this matter? Have individual States developed distinct practices or policies? The second part of the paper presents key findings that result from the analysis of treaty practice in a large number of agreements. It highlights characteristics of the provisions on temporal validity employed in IIAs; emphasises the collective engagement that results from the clauses in IIAs and the consequences of country-specific practice; and suggests questions on intriguing policy choices that a large comparative study reveals.
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  • 82
    Language: English
    Pages: Online-Ressource (36 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 11
    Keywords: Eigentümerstruktur ; Institutioneller Investor ; Corporate Governance ; Aktive Aktionäre ; Finance and Investment ; Governance ; Arbeitspapier ; Graue Literatur
    Abstract: This paper provides a framework for analysing the character and degree of ownership engagement by institutional investors. It argues that the general term “institutional investor” in itself doesn’t say very much about the quality or degree of ownership engagement. It is therefore an evasive “shorthand” for policy discussions about ownership engagement. The reason is that there are large differences in ownership engagement between different categories of institutional investors. There are also differences in ownership engagement within the same category of institutional investors such as hedge funds, investment funds, etc. These differences arise from the fact that the degree of ownership engagement is determined by a number of different features and choices that together make up the institutional investor’s “business model”. When ownership engagement is not a central part of the business model, public policies and voluntary standards aiming to improve the quality of ownership engagement among institutional investors are likely to have limited effect. Based on an empirical overview of the relative size of different categories of institutional investors, the paper identifies a set of 7 features and 19 choices that in different combinations define the institutional investor’s business model. These features and choices are then used to establish a taxonomy for identifying different degrees of ownership engagement ranging from “no engagement” to “inside engagement”.
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  • 83
    Language: English
    Pages: Online-Ressource (50 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 160
    Keywords: Landwirtschaft ; Bergbau ; Unternehmensdienstleistung ; Wettbewerb ; Betriebliche Wertschöpfung ; Wirtschaftsintegration ; Produktionspotenzial ; Entwicklungsländer ; Development ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report analyzes the specific factors that affect the competitiveness of developing countries in global value chains (GVCs), and how these factors differ across four major economic sectors: agriculture, extractive industries, manufacturing and offshore services. Although integration into GVCs allows firms in developing countries to participate in international trade without developing the full range of capabilities required to produce a product or service, it will not automatically translate into positive development gains from trade without the appropriate policies to build productive capacity and ensure inclusive growth and upgrading capabilities. In order to inform these policies, it is necessary to identify the various local factors that affected the capacity of developing countries to meet GVC and RVC requirements, including their productive capacity, infrastructure and services, the business environment, trade and investment policies and industry institutionalization. The report identifies the need for further data and analysis in many areas, in particular the trade-related policy implications of TiVA-GVCs for developing countries, including emerging economies. This would provide a starting point for the discussion of the domestic policies and actions needed to promote and support developing countries’ beneficial participation in value chains and inform aid for trade interventions promoting effective integration into markets via GVCs.
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  • 84
    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: OECD Economics Department working papers 1011
    Keywords: Globalisierung ; Niederländer ; Finance and Investment ; Economics ; Netherlands ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The Netherlands has strongly benefited from globalisation, which boosted international trade, cross-border investment and economic growth over the latest decades. Looking ahead, the Netherlands needs to shift the trade and investment orientation from traditional slow-growing markets to faster growing emerging economies, in order to keep reaping the benefits from globalisation. In addition, the ongoing globalisation will push companies to become more innovative and search for new activities. Against this backdrop, the government is reforming its policies for the business sector. This includes a targeted approach, where the government is attempting to strengthen key sectors to become even stronger players on the international scene. This approach, however, carries some of the risks of more traditional industrial policy, making careful policy design and evaluation important elements for successful implementation. The other building block of the new policies is a strengthening of framework conditions, which promises a more market-based development of comparative advantages, and which could be further strengthened by broadening the approach to include other policies, such as competition policies. This Working Paper relates to the 2012 OECD Economic Survey of the Netherlands (www.oecd.org/eco/surveys/netherlands).
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  • 85
    Language: English
    Pages: Online-Ressource (53 S.) , graph. Darst.
    Series Statement: OECD Corporate Governance working papers 6
    Keywords: Öffentliches Unternehmen ; Corporate Governance ; Corporate Social Responsibility ; OECD-Staaten ; Finance and Investment ; Governance ; Arbeitspapier ; Graue Literatur
    Abstract: The overarching question for the government owners of state-owned enterprises (SOEs) is why these companies need to be owned by the state. The OECD Guidelines on Corporate Governance of State-Owned Enterprises provides a “blueprint” for the corporatisation and commercialisation of such enterprises, but it may be assumed that the reason for continued state ownership is that they are expected to act differently from private companies. A relatively clear case occurs when SOEs are established with the purpose of pursuing mostly non-commercial activities. In many cases, their activities might otherwise be carried out by government institutions; the SOE incorporation has been chosen mostly on efficiency grounds.A number of other rationales for public ownership of enterprises have been offered, including: (i) monopolies in sectors where competition and market regulation is not deemed feasible or efficient; (ii) market incumbency, for instance in sectors where competition has been introduced but a state-owned operator remains responsible for public service obligations; (iii) imperfect contracts, where those public service obligations that SOEs are charged with are too complex or malleable to be laid down in service contracts; (iv) industrial policy or development strategies, where SOEs are being used to overcome obstacles to growth or correct market imperfections...
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  • 86
    Language: English
    Pages: Online-Ressource (53 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 32
    Keywords: Infrastrukturinvestition ; Pensionskasse ; Australien ; Kanada ; Finance and Investment ; Australia ; Canada ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also have the highest asset allocation to infrastructure around the globe today. This paper compares and contrasts the experience of institutional investors in the two countries looking at factors such as infrastructure policies, the pension system, investment strategies and governance of pension funds. The ‘Canadian model’ and the ‘(new) Australian model’ of infrastructure pose a challenge to the ‘private equity model’, dominant in Europe and the USA. Important lessons can be learnt by both policy makers and investors.
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  • 87
    Language: English
    Pages: Online-Ressource (26 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2013/03
    Keywords: Environment ; Trade ; Australia ; Arbeitspapier ; Graue Literatur ; Bericht ; Australien ; Rohstoffgewinnung ; Metallurgie ; Finanzierungshilfe ; Australien ; Rohstoffgewinnung ; Metallurgie ; Finanzierungshilfe
    Abstract: Efforts to document government support benefiting specific sectors or industries have so far paid scant attention to support given to the non-energy minerals sector. In this paper the issue of support for this sector is explored by way of a case study of Australia, a leading producer and exporter of minerals. After describing the mining sector in the context of the Australian economy and the role of government in the exploitation of the country’s vast resources, the study identifies and document support measures based on the OECD’s framework for organising and analysing support to the fossil-fuel sector. The study finds that government support to the mining industry is relatively limited. Measures through which the Australian federal government assists the mining industry tax concessions related to corporate expenditure on R&D and on exploration and other expenditure, a fuel-tax rebate and the provision of geoscientific data at zero or minimal cost. The State governments provide preferential electricity prices to aluminium smelters. Monetary estimates of the cost to government of these measures are provided where available.
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  • 88
    Language: English
    Pages: Online-Ressource (59 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 8
    Keywords: Corporate Governance ; Börsengang ; Aktionäre ; Institutioneller Investor ; Kapitalstruktur ; Eigentümerstruktur ; Finance and Investment ; Governance ; Arbeitspapier ; Graue Literatur
    Abstract: There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be implemented and the functioning of today’s equity markets, where voting rights and cash flow rights are traded. To mitigate some of this confusion, this paper provides both an analytical framework for the role of public policy and a description of the empirical context that influences the conditions for that policy. It underlines the importance of focusing on the overall economic outcome and, in particular, how rules and regulations impact the conditions for companies to grow and create value by accessing public equity markets. In terms of the empirical context, we point to fundamental changes in the functioning of equity markets that may call for a fresh look at the economic effectiveness of corporate governance regulations. Among other things, we document a dramatic shift in listings from developed to emerging markets over the last decade, which means that concentrated ownership at company level has become the dominant form of ownership in listed companies worldwide. We also discuss whether the lack of new listings of smaller companies in developed markets is related to excessive regulatory burdens and unintended consequences of a decade of profound stock market deregulation. The discussion about listings illustrates that corporate governance rules and regulations do not only affect companies that are already listed. From a policy perspective, it is equally important to assess the implications for unlisted companies that may, in the future, require access to public equity markets for growth and job creation. We also document how the lengthened and ever more complex chain of intermediaries between savers and companies may influence the efficiency of capital allocation and the willingness of investors to take an active long-term interest in the companies that they own. It is shown that institutional investors are a highly heterogeneous group and that their willingness and ability to engage in corporate governance primarily depend on the economic incentives that follow from their different business models, investment strategies and trading practices. We provide examples of how regulatory initiatives to increase shareholder engagement may have unintended consequences, and note that the diversity and complexity of the investment chain can render general policies or regulation ineffective.
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  • 89
    Language: English
    Pages: Online-Ressource (45 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 150
    Keywords: Logistikdienstleister ; Nichttarifäre Handelshemmnisse ; Außenwirtschaftsförderung ; Außenhandelsfinanzierung ; Grenze ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Understanding trade costs is essential for formulating policy interventions designed to reduce such costs. This report synthesises all OECD work on cost factors across the entire trade chain. These factors can be located behind the border, such as non-tariff regulatory measures, market access restrictions, trade finance availability and costs and general impediments on doing business; crossing the border, such as documentation and customs compliance requirements, lengthy administrative procedures and other delays; and in all stages of the international trade chain, such as transport infrastructure and logistics. The report proposes a series of questions to help identify priority areas, taking into account country specificities. The strong interdependencies between cost factors, magnified by the prevalence of global value chains, mean that policies to address costs and facilitate trade need to be undertaken in a comprehensive manner, although the cost-benefit ratio of certain trade facilitation reforms, particularly at the border, may offer immediate and significant benefits.
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  • 90
    Language: English
    Pages: Online-Ressource (92 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 147
    Keywords: Auslandsinvestition ; Internationales Investitionsrecht ; WTO-Recht ; Wettbewerbspolitik ; Außenhandel ; Eigentümerstruktur ; Öffentliches Unternehmen ; Finance and Investment ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: With a growing integration via trade and investment, state-owned enterprises (SOEs) that have traditionally been oriented towards domestic markets increasingly compete with private firms in the global market place. Three principal questions emerge from the international trade perspective: (1) How important is state ownership in the global economy; (2) What types of advantages granted to SOEs by governments (or disadvantages afflicting them) are inconsistent with the key principles of the non-discriminatory trading system; and (3) What policies and practices support effective competition among all market participants? Using a sample of world‘s largest firms and their foreign subsidiaries, this paper shows that the extent of state presence in various countries and economic sectors is significant. Moreover, many of the countries with the highest SOE shares and economic sectors with strong SOE presence are intensely traded. The potential for economic distortions is hence large, if some of these SOEs benefit from unfair advantages granted to them by governments–an allegation that is often raised in political and business circles. Existing information on such advantages is often either anecdotal or limited to individual cases. As a groundwork for future analysis and building on the existing information and literature, this paper presents a conceptual discussion of how potential SOE advantages can generate cross-border effects. It also describes several cases when actions of SOEs as well as advantages allegedly granted to them by governments have been contested as inconsistent with national or international regulations, albeit with varying degree of success. This may be partially explained by the fact that existing regulatory frameworks that discipline some forms of anti-competitive behaviour of SOEs have been designed with domestic objectives in mind or were conceived at times when the state sector was oriented primarily towards domestic markets. The survey of existing rules at the national, bilateral and multilateral levels presented in this paper is a first step in determining whether there is a need to fill any gaps and in finding the most constructive ways of doing so.
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  • 91
    Language: English
    Pages: Online-Ressource (47 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 152
    Keywords: Anti-Korruption ; Handelsabkommen ; Handelspräferenzen ; Regionale Wirtschaftsintegration ; WTO-Recht ; Welt ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Countries embarking on trade negotiations are not only seeking increased market access, but also, reduced market opacity. This study distils the most progressive practices for promoting regulatory transparency in over one hundred regional trade agreements (RTAs) concluded by OECD and large emerging economies over the last decade. While there is a lively discussion on strengthening transparency in the World Trade Organization (WTO), scant attention has been paid to the evolution of corresponding disciplines in RTAs. And yet, this study finds that RTAs can be credited for introducing instruments that not only deepen existing multilateral transparency commitments (“WTO-plus”), but expand them to new areas that do not have precedents in WTO agreements (“WTO-beyond”). In particular, the paper illuminates a number of options that may be useful for policy-makers to consider in their efforts to reinforce transparency and predictability in international trade policy. Most of the transparency mechanisms identified are being applied on a non-discriminatory basis, since they are often non-excludable and non-exhaustible. The implication is that, although WTO-plus transparency measures may be de jure preferential by virtue of being inscribed in an RTA, they are de facto being extended on a most-favoured nation (MFN) basis. Moreover, there is a considerable level of homogeneity in WTO-plus transparency provisions across a critical mass of RTAs, which may facilitate convergence and adoption at the multilateral level.
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  • 92
    Language: English
    Pages: Online-Ressource (32 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 153
    Keywords: Anti-Korruption ; Handelsabkommen ; Handelspräferenzen ; Regionale Wirtschaftsintegration ; Institutionelle Infrastruktur ; Transparenz ; Gravitationsmodell ; Governance-Ansatz ; WTO-Recht ; Welt ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: What influences the adoption of transparency obligations in trade agreements, and what are its effects? This paper uses a new dataset on transparency provisions in over a hundred regional trade agreements (RTAs) to provide empirical evidence of the political economy determinants of international transparency commitments, as well as the trade impact of negotiating such transparency provisions in RTAs. The study finds that RTAs with deeper mechanisms for enhancing transparency appear to be more strongly trade-promoting than those with shallower commitments on transparency. Concretely, each additional transparency commitment negotiated in an RTA is associated with an increase in bilateral trade flows of more than one percent. Considering that comprehensive RTAs typically contain a dozen of such commitments, countries that opt for a comprehensive transparency agenda can expect to gain substantial increases in intra-regional trade. Moreover, the findings suggest that the readiness of trading partners to adhere to transparency norms is influenced by the quality of home institutions, which is consistent with a view that strengthening governance and regulatory capacities can contribute to a broader diffusion of transparency practices in international trade. Overall, the results of the analysis suggest that transparency should remain an important element of the trade agenda, both at the regional and multilateral levels.
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  • 93
    Language: English
    Pages: Online-Ressource (42 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 155
    Keywords: Exportbeschränkung ; Exportsteuer ; Ausfuhrverbot ; Cournot-Wettbewerb ; Rohstoffwirtschaft ; Bergbau ; Rohstoff ; Internationale Handelspolitik ; Trade ; Industry and Services ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Governments intervene in non-renewable natural resources sectors more than in many others, including through the use of export taxes and quotas. Industrial raw materials sectors are characterized by a number of specificities: production is often geographically concentrated, firms are often large with substantial market power, production processes are highly capital intensive, products are relatively homogeneous and potentially substantial differences in costs of production are prevalent. This paper aims to increase understanding of the economic effects of export restrictions, in particular as they apply to the mining sector. It ascertains the prevalence of export restrictions on metals and minerals, proposes a Cournot-Nash model of export restrictions, suggests some of the economic effects due to the presence of export restrictions, and draws some implications for trade policy among producing and consuming countries of non-renewable natural resources.
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  • 94
    Language: English
    Pages: Online-Ressource (23 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 156
    Keywords: Arbeitsmarkt ; Erwerbstätigkeit ; Außenhandel ; Wertschöpfung ; Internationale Arbeitsteilung ; Entwicklungsländer ; Employment ; Development ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper provides a review of the available literature on global value chains (GVCs) and employment markets in developing countries. Due to the difficulty of observing intra-GVC transactions, there is very little direct empirical work on GVCs and labour markets. However, it is possible to extrapolate from the extensive empirical work already undertaken on firm internationalisation and labour markets to draw inferences as to the likely impacts of GVCs. The review therefore focuses on the labour market impacts of three processes that lie at the core of GVC development: importing, exporting, and foreign direct investment (FDI). It examines their impact on labour demand and wages, and disaggregates the effects whenever possible by skill level. The available empirical evidence strongly suggests that the type of activities undertaken by GVC participants influence labour market outcomes. For instance, many GVC firms are vectors of technological upgrading that in turn increases the relative demand for skilled labour. In these cases, GVC participation is linked to higher relative wages for skilled workers, but also greater wage inequality between skilled and unskilled workers. The evidence on outcomes is more mixed as regards pure processing trade (assembly), however: the limited data available on firms engaged purely in these activities suggests that they do not systematically pay higher wages than domestic firms, which is the reverse of the finding for foreign-owned firms, exporters, and importers in general. The labour market effects of GVCs in developing countries are therefore likely to be broadly positive, but highly case specific. The review therefore concludes with two case studies—electronics in Asia and services in Chile—that demonstrate the complexity of the issues involved, and the role of complementary policies in areas such as human capital development.
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  • 95
    Language: English
    Pages: Online-Ressource (44 S.) , graph. Darst.
    Series Statement: Working paper / OECD Development Centre 320
    Series Statement: OECD Development Centre Working Papers no.320
    Keywords: 1995 - 2010 ; Kapitalmobilität ; Kapitalverkehrskontrolle ; Asiatisch-pazifischer Raum ; Finance and Investment ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: The Asia-Pacific region has long been prone to volatile capital flows that have posed a challenge for authorities to cope with and occasionally led to payment difficulties dragging down exchange rates and spilling over to the real economy. The recent global crisis repeated past history, although most economies hard hit by the 1997-1998 Asian financial crisis have learnt a lesson and are now better prepared to face volatile capital flows. Asian and Pacific countries have strengthened capital controls over 1995-2010, in particular those targeting portfolio flows. Now more countries impose some sort of control on outflows of all types of capital than 15 years ago and controls on outflows appear more stringent than on inflows. Notwithstanding the controls, most Asia-Pacific economies experienced at least one spell of large capital flows. To effectively curb capital inflow bonanzas, the measures need to be targeted. Portfolio inflow surges can be curbed by controlling bond inflows in general and in the case of very large surges, by limiting collective investment inflows. Controls on credit inflows appear effective in reducing the probability of cross-border lending booms. Furthermore, measures targeting residents appear more effective in reducing the probability of capital inflow bonanzas. Beside control measures, other conditions also appear to have a bearing on the probability of occurrence and on the length of the capital inflow spell. Previous inflows appear to be an important determinant of future booms in all asset categories, while global risk appetite increases the probability of overall inflows and cross border credit bonanzas. Domestic growth only explains the occurrence of equity portfolio inflow booms. A more lenient stance on outflows could shorten the duration of capital inflow bonanzas and hence reduce their cumulative impact on the economy.
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  • 96
    Language: English
    Pages: Online-Ressource (31 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2013/06
    Keywords: Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: An important source of political opposition to measures aimed at reducing emissions of greenhouse gases (GHGs) arises from concerns over their negative effects on the competitiveness of domestic firms, especially those that are energy-intensive and exposed to competition from foreign producers. Politicians and industry representatives alike fear that imports from countries without similar regulations can gain cost-of-production advantages over domestic goods. With many of the major economies of the world contemplating unilateral action to restrict their carbon emissions (while continuing to pursue co-ordinated multilateral action), the parallel concern of carbon leakage — whereby domestic reductions in emissions are partially or wholly counterbalanced by increased emissions elsewhere in the world — has also arisen. Various adjustments have been proposed, both in the academic literature and in draft climate legislation, including levying a border tax or requiring importers to surrender a quantity of carbon permits. Collectively, these kinds of adjustments are often referred to as border carbon adjustments, or BCAs. This note reviews the existing literature on BCAs and alternatives to BCAs and discusses what various researchers have concluded about the efficacy of BCAs from both a trade and an environmental perspective.
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  • 97
    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD working papers on international investment 2013/02
    Series Statement: OECD working papers on international investment
    Keywords: investment policy reform ; segyehwa ; South Korea ; FDI Regulatory Restrictiveness Index ; foreign direct investment ; Finance and Investment ; Korea, Republic of ; Arbeitspapier ; Graue Literatur
    Abstract: As more and more countries seek to liberalise their foreign investment regimes to attract global flows of foreign direct investment (FDI), an essential question for policy-makers is no longer just what to reform but also how to reform. How is a reformist government to sell the idea of reform to the general public and to counter any opposition to reform? How are those who lose from reform in the short term to be compensated? Does sequencing of reforms matter? Korea offers a particularly interesting case study because its reforms beginning in the 1990s were both rapid and far-reaching. Based on the OECD FDI Regulatory Restrictiveness Index, Korea was the biggest reformer of its policies towards FDI between 1997 and 2010 among a sample of 40 developed and emerging countries. The objective of this study is to document the liberalisation of the FDI regime in Korea and to examine how and why it came about. What were the main obstacles and what were the main drivers? How did FDI liberalisation relate to other reforms (trade policy and regulatory reform, policies towards outward investment)? The paper does not ask what more Korea needs to do but rather what lessons can we draw from the Korean experience about how to achieve rapid and sustainable reforms? The insights from Korean liberalisation are useful for other countries, particularly non-OECD members in Asia and elsewhere, which still have high levels of statutory restrictions as measured by the FDI Index. Many of these countries are eager to attract more investment and recognise that they will need to reform their investment regime but are unsure how best to proceed. Each country?s reform path is unique, and this study will not provide a roadmap for other countries to follow, but it will nevertheless serve as a useful model for reformers in other countries and provide evidence that successful reform is accompanied by rising inflows of direct investment.
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  • 98
    Language: English
    Pages: Online-Ressource (74 S.) , graph. Darst., Kt.
    Series Statement: OECD working papers on finance, insurance and private pensions 33
    Keywords: Finance and Investment ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Macroeconomic stability and growth in the Latin America and the Caribbean (LAC) region have allowed governments to focus on public policies that build on the complementarities between financial education, inclusion and the development of social capital. Financial education programmes can support the needs of emerging middle classes in managing their finances and benefitting from access to more sophisticated financial markets. They can also be a valuable tool to ensure a more effective financial inclusion of the most vulnerable sectors of the population, and help fight poverty and inequality.
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  • 99
    Language: English
    Pages: Online-Ressource (35 S.) , graph. Darst.
    Series Statement: OECD working papers on finance, insurance and private pensions 36
    Keywords: Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The economic downturn is likely to have a lasting impact on the fund management industry and on long term asset allocation strategies of institutional investors. On one hand, in promoting more cautious investment strategies and a greater focus on portfolio risk management in the coming years. On the other hand, the prolonged low-yield environment has heightened the need for return-enhancing strategies, pushing some investors to invest in alternative assets. More fundamentally, the role of institutional investors in long term financing is constrained by the short-termism increasingly pervasive in capital markets as well as structural and policy barriers such as regulatory disincentives, lack of appropriate financing vehicles, limited investment and risk management expertise, transparency, viability issues and a lack of appropriate data and investment benchmarks for illiquid assets such as infrastructure.
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  • 100
    Language: English
    Pages: Online-Ressource
    Series Statement: OECD working papers on finance, insurance and private pensions 16
    Keywords: Finanzwissen ; Welt ; Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: In both developing and developed economies, the awareness of the importance of financial education led to the development of an increasing number of tailored national strategies for financial education. These frameworks promote a smoother and more sustainable co-operation between interested parties and stakeholders, avoid duplication of resources and allow the development of articulated and tailored roadmaps with measurable and realistic objectives based on dedicated national assessments. The comparative analysis shows how countries overcame a series of challenges such as lack of resources, the identification a leading institution, gathering all stakeholders around common objectives and move efficiently to the operational phase. The experiences analysed in this report provide a global picture of the situation in 2011/12 and a selection of relevant solutions and tools to address these issues in a replicable way. This comparative report should be seen as a background document and as a complement to High-level Principles on National Strategies for Financial Education prepared by the OECD and its International Network on Financial Education (INFE).
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