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  • MPI Ethno. Forsch.  (224)
  • MFK München
  • Online Resource  (224)
  • 2005-2009  (224)
  • 2000-2004
  • 2008  (224)
  • Paris : OECD Publishing  (171)
  • London : Palgrave Macmillan  (46)
  • New York : Palgrave Macmillan  (6)
  • Paris : OECD Publishing and European Conference of Ministers of Transport
  • Santa Monica, Calif : Rand
  • Economics  (170)
  • Transport  (26)
  • Bildband
  • Employment
  • Europa
  • Hochschulschrift
  • Urban, Rural and Regional Development
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  • Online Resource  (224)
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  • 2005-2009  (224)
  • 2000-2004
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  • 1
    ISBN: 9789264030459
    Language: French
    Pages: Online-Ressource (296 p.)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. OECD Handbook for Internationally Comparative Education Statistics; Concepts, Standards, Definitions and Classifications
    Keywords: Education ; Economics
    Abstract: Depuis plus de dix ans, l’OCDE développe et publie une large gamme d’indicateurs comparatifs qui fournissent un aperçu du fonctionnement des systèmes éducatifs. Ces outils donnent accès à des informations essentielles sur les rouages, l’évolution et l’impact des systèmes éducatifs, depuis la petite enfance, en passant par l’enseignement dans le cadre scolaire et jusqu'à la formation et l’apprentissage tout au long de la vie. Ils donnent à chaque pays la possibilité de voir son système éducatif à la lumière des résultats des autres pays. Les concepts, définitions, classifications et méthodologies, qui ont été élaborés pour guider les statistiques et les indicateurs, sont essentiels à la crédibilité et à la compréhension de ces comparaisons. Pour la première fois, ce guide rassemble ces méthodologies en un seul volume de référence, fournissant un outil inestimable tant aux utilisateurs qu’aux fournisseurs des statistiques de l’OCDE sur l’éducation. Le guide répond à des questions telles que « Qu’est-ce qu’un enseignant ? », « Que veut-on dire par "dépenses publiques d’éducation" ? », aussi bien qu’à des questions concernant l’utilisation des indicateurs, par exemple « Comment dois-je interpréter les dépenses par étudiant ? Que mesurent-elles ? ». Ce faisant, le guide vise à faciliter une meilleure compréhension des statistiques et des indicateurs de l’OCDE et permet donc une plus grande efficacité d‘utilisation aux fins d’analyse politique. De la même manière, il constitue une référence facilement utilisable sur les conventions et les standards internationaux afin que d’autres acteurs puissent continuer la collecte et l’assimilation des données sur l’éducation.
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  • 2
    ISBN: 9789264031340
    Language: French
    Pages: Online-Ressource (586 p.) , ill.
    Parallel Title: Parallelausg. Infrastructure to 2030 (Vol.2); Mapping Policy for Electricity, Water and Transport
    Parallel Title: Parallelausg. Infrastructure to 2030 (Vol.2): Mapping Policy for Electricity, Water and Transport
    Keywords: Energy ; Environment ; Science and Technology ; Transport ; Economics ; Brazil ; China, People’s Republic ; India ; Indonesia ; Russian Federation
    Abstract: Les réseaux d’infrastructure jouent un rôle vital dans le développement économique et social. La demande d’infrastructures est appelée à sensiblement augmenter dans les décennies à venir, sous l’impulsion de facteurs majeurs de changement comme la croissance économique mondiale, le progrès technologique, le changement climatique, l’urbanisation et l’aggravation de la congestion. Les défis à relever sont multiples. Dans les pays de l’OCDE, de nombreux éléments de réseaux d’infrastructure connaissent un vieillissement rapide, les budgets publics sont de plus en plus serrés et le financement de l’infrastructure devient de plus en plus complexe. Cette publication évalue la viabilité future des modèles économiques actuels dans cinq secteurs infrastructurels : électricité, eau, transport ferroviaire de marchandises, transports collectifs urbains et transport routier. Elle propose des recommandations pratiques visant à renforcer les capacités afin de répondre aux besoins futurs d’infrastructures, notamment des mesures qui pourraient être prises par les gouvernements tant collectivement qu’individuellement pour mettre en place des cadres institutionnels, politiques et réglementaires plus favorables.
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  • 3
    ISBN: 9789264044234
    Language: Spanish
    Pages: Online-Ressource (462 p.) , ill.
    Parallel Title: Parallelausg. Evaluating Local Economic and Employment Development; How to Assess What Works among Programmes and Policies
    Parallel Title: Parallelausg. Evaluating Local Economic and Employment Development: How to Assess What Works among Programmes and Policies
    Keywords: Employment ; Urban, Rural and Regional Development ; Industry and Services
    Abstract: Los países miembros de la OCDE dedican recursos signicativos a las políticas para el desarrollo local y regional, sin embargo, los resultados de dichas políticas han sido entendidos pobremente. La evaluación de la política pública representa desafíos conceptuales, técnicos e institucionales. Eso es particularmente cierto para el caso del desarrollo local. Frecuentemente los datos son inadecuados y los múltiples tipos de política pueden interactuar para ocultar los efectos de las iniciativas individuales. Diversos factores externos pueden afectar la economía de una localidad, y los impactos positivos de las políticas en una ubicación pueden causar efectos no deseados en otra. Además, los individuos hacia los cuales va orientada una política pueden cambiar de una localidad a otra. Estas y otras complejidades necesitan considerarse al evaluar qué políticas son verdaderamente efectivas y ecientes. Este es uno de los pocos libros que examina las mejores experiencias en la evaluación de los programas de desarrollo económico local y regional y de creación de empleo. Adecuado para lectores no técnicos, este libro contiene propuestas de política para los gobiernos centrales y locales interesados en mejorar los procesos de evaluación, ampliar la evidencia documental sobre las políticas públicas y desarrollar una cultura de evaluación.
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  • 4
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264055087 , 9789264088023
    Language: English
    Pages: Online-Ressource (602 p.)
    Parallel Title: Druckausg.
    Parallel Title: Erscheint auch als OECD OECD glossary of statistical terms
    RVK:
    Keywords: Statistik ; Terminologie ; OECD-Staaten ; Statistics Dictionaries ; Economics ; Wirtschaftsstatistik ; Wörterbuch
    Abstract: This OECD Glossary contains a comprehensive set of over 6 700 definitions of key terminology, concepts and commonly used acronyms derived from existing international statistical guidelines and recommendations. In the main, the definitions are quoted word for word from these sources and a detailed reference is provided to enable the user to refer to the complete source document to obtain further information where needed.
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  • 5
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264041974
    Language: English
    Pages: Online-Ressource (184 p.) , ill.
    Series Statement: OECD Rural Policy Reviews
    Parallel Title: Erscheint auch als Netherlands
    Keywords: Ländliche Entwicklung ; Entwicklungsplanung ; Niederlande ; Governance ; Urban, Rural and Regional Development ; Netherlands ; Niederlande ; Ländliche Entwicklung ; Regionalplanung
    Abstract: Faced with high population density, close proximity of urban areas and urban-rural linkages, rural areas in the Netherlands have witnessed a gradual disappearance of characteristically rural landscapes and a deterioration of biodiversity. Future developments will increase pressures on rural land use, making a policy framework to address these challenges only more pertinent. This comprehensive review of rural policy in the Netherlands examines the character of rural areas in the Netherlands and how they have evolved. It then examines rural policies and their decentralisation, rural land use planning, and landscape and nature policies. The final chapters discusses how to strengthen rural policies in the Netherlands. The book includes a series of recommendations.
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  • 6
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264043770
    Language: English
    Pages: Online-Ressource (242 p.) , ill.
    Parallel Title: Erscheint auch als Reforms for stability and sustainable growth
    RVK:
    Keywords: Wirtschaftspolitik ; Wirtschaftliche Anpassung ; Ungarn ; Economics ; Hungary ; Ungarn ; Nachhaltigkeit
    Abstract: EU accession in 2004 has confirmed Hungary’s successful transformation from a centrally planned economy into a functioning market economy operating within the framework of a multi-party democracy. However, the country’s output per capita is still well below the EU average, and public expenditures exceed revenues by a large margin. This report looks at ongoing efforts to restore fiscal balance and promote sustainable growth to accelerate the convergence process. Drawing on the experience of OECD member countries it proposes structural reforms to achieve these objectives, covering the following topics: • Fiscal policy: Deficit reduction and making taxes and expenditures more growth friendly.• Health care reform: Improving efficiency and quality of care. • Pension reform: Providing old-age income security in the face of population ageing.• Employment and social policies: Making formal employment more attractive.• Education reform: Improving human capital formation.• SME promotion: Increasing competitiveness and fostering successful entrepreneurship.• Innovation: Fostering rapid productivity growth.• Energy policy and the environment: Responding to the threat of climate change.• Public administration reform: Improving the performance of the public sector.• E-government: Using technical progress to improve public service delivery. An overview chapter synthesises the findings, highlighting the interdependence of policy actions in the various areas.
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  • 7
    ISBN: 9789264038585
    Language: English
    Pages: Online-Ressource (196 p.) , ill.
    Series Statement: OECD Territorial Reviews
    Parallel Title: Parallelausg. Examens territoriaux de l'OCDE ; Luxembourg 2007
    Parallel Title: Parallelausg. Examens territoriaux de l'OCDE : Luxembourg 2007
    Parallel Title: Erscheint auch als Luxembourg
    Keywords: Räumliche Verteilung ; Regionalpolitik ; Luxemburg ; Governance ; Urban, Rural and Regional Development ; Luxembourg ; Luxemburg ; Regionalpolitik ; Regionale Disparität
    Abstract: In the short span of just a few decades, Luxembourg has moved from a steel-based economy to one more broadly based on financial services. But being nestled between three other countries, each with their own infrastructure and development issues presents challenges. This review examines the economic trends and disparities within the region, including under-exploited assets. It makes recommendations regarding planning, the urban-rural balance, housing and land policy, transport, and R&D and education.
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  • 8
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264046474
    Language: English
    Pages: Online-Ressource (168 p.)
    Series Statement: Jobs for Youth/Des emplois pour les jeunes
    Parallel Title: Erscheint auch als United Kingdom
    RVK:
    RVK:
    Keywords: Junge Arbeitskräfte ; Großbritannien ; Employment ; Social Issues/Migration/Health ; United Kingdom ; Großbritannien ; Jugendlicher Arbeitnehmer ; Arbeitsmarkt
    Abstract: Getting off to a good start in one's working life facilitates integration into the world of work and lays the foundation for a good career, while a failure can be difficult to make up. This report on the UK report contains a survey of the main barriers to employment for young people, an assessment of the adequacy and effectiveness of existing measures to improve the transition from school-to-work, and a set of policy recommendations for further action by the public authorities and social partners.
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  • 9
    ISBN: 9789264054196
    Language: English
    Pages: Online-Ressource (188 p.) , ill.
    Keywords: Environment ; Science and Technology ; Economics
    Abstract: This book examines the contributions that space technologies can make in tackling some of the serious problems posed by climate change. Focusing on examples of water management, marine resources and maritime transport, it sets out the rationale for further developing satellite systems to measure and monitor climate change and help mitigate its consequences. The report underlines the need to consider satellites not just as research and development systems, but as an important component of a critical communication- and information-based infrastructure for modern societies. The tool box for decision makers that concludes the book reviews different methodological options for deciding on investments in space-based earth observation.
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  • 10
    Language: English
    Pages: 42 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/01
    Keywords: Transport
    Abstract: In developed countries, transport generates approximately 25 to 30 per cent of emissions of CO2, the main greenhouse gas (GHG) and these emissions are increasing sharply. There are two explanations for the increase in emissions from transport: the first is dependency on the internal combustion engine for transport with no wide-scale economically viable alternative available in the medium term; the second is the sharp increase in vehicle-kilometres travelled, which seems to be an inherent feature of economic development. One might well ask, given announcements that oil reserves will run out rapidly, whether we should not simply wait until reserves dry up to obtain a reduction in transport-related emissions. This said, rising oil prices are gradually making it more viable to exploit unconventional reserves, leaving aside innovations in technology which are reportedly opening up prospects for new fossil fuels (including fuels derived from coal, which is in plentiful supply world-wide). Hence, there is every reason to believe that the use of fossil fuels could continue on a large scale in the future. Foresight studies show that if our aim is to achieve ambitious GHG emission control targets for transport within the next few decades, the policies we implement will have to be more determined: among other things, they should aim at reducing total consumption that is to say vehicle kilometres travelled, not just unitary vehicle consumption (cf. ENERDATA and LEPII, 2005 for France, for instance). Among the measures identified, carbon taxes and vehicle taxes are the most cost-effective (OECD, 2007; Parry et al., 2007). However, the “fuel tax protests” of September 2000 in several European countries show that public opinion is very resistant to fuel tax increases (Lyons and Chatterjee, 2002). This resistance can also be explained by concerns about fairness, since many households depend on the car for day-to-day living and for getting to work. As well as this, fuel tax increases would require the international harmonization of fuel taxation in different countries, which seeing what has happened in the European Union appears to be extremely difficult.
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  • 11
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 31 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.612
    Keywords: Economics ; Germany
    Abstract: The aim of the recent healthcare reform was to increase the sustainability of healthcare finances, by reducing its negative impact on employment and increasing cost-effectiveness via enhanced competition. Higher budget contributions will help decouple healthcare finances from labour income a bit, if and once they materialise. An improved risk adjustment between insurers could reduce incentives for risk selection, raising chances for competition to lead to more cost-effectiveness instead. However, the segmentation of the healthcare system in a private and a social insurance market will continue to pose equity and efficiency problems. Owing to its design, the price signal in the new financing system for social health insurance will be both weak and distorted and this will need to be corrected for competition to produce desired results. More freedom for contractual relations between insurers, healthcare providers and pharmaceutical companies could help to better reap the benefits of competition, but the government will need to watch the results closely and adjust framework conditions if needed.
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  • 12
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 23 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.604
    Keywords: Economics
    Abstract: This paper develops a differential game of tax avoidance by modelling the interactions between a taxpayer and the tax authority. This framework is particularly useful for explicitly modelling situations of conflict. The solution to the game is a non-co-operative Nash that depends on the resources that need to be used by the tax authority to enforce legislation and the cost to be borne by the taxpayer in tax compliance, provided that the curvature of the utility functions is bounded. Empirical evidence is provided for the value added tax (VAT) using a cross-section of OECD and non-OECD countries. OECD indicators of tax administration efficiency are included in the regressions. The empirical findings show that VAT efficiency, defined as the ratio of collections as a share of consumption to the statutory rate, rises the lower the VAT rate, the lower the share of administrative costs in tax revenue (proxying for the efficiency of tax administration), the more pro-competition the regulatory framework in product markets (measuring non-tax incentives for non-compliance) and the better the country’s governance indicators (regulatory quality, rule of law and government effectiveness). This paper is forthcoming in the Public Finance Review.
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  • 13
    Language: English
    Pages: 36 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.633
    Keywords: Economics ; United Kingdom
    Abstract: Globalisation, together with skill-biased technical change, is changing the composition of jobs in advanced economies and raising the level of skills required to do them. This has increased the importance of educating a large proportion of the population to much higher standards than in the past. The government in the United Kingdom has responded to this challenge by raising education spending and expanding the capacity of the education system in key areas such as pre-primary education and increasing participation in education beyond the age of 16. Nevertheless, performance on international tests of cognitive ability remains significantly below the standards of the best performing OECD countries and the education system seems to be particularly poor at ensuring good performance of pupils in the middle to bottom half of the education performance distribution. A renewed sense of urgency, together with some new approaches, is required to address the United Kingdom’s relative underperformance in literacy and numeracy. This paper proposes a number of avenues for encouraging a higher level of educational attainment, without significant further increases in expenditure.
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  • 14
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 30 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/08
    Keywords: Transport
    Abstract: This paper examines the interaction between hinterland access conditions and port competition. Competition between ports is treated as competition between alternate intermodal transportation chains, while the hinterland access conditions are represented by both the corridor facilities and the inland roads. We find that when ports compete in quantities, an increase in corridor capacity will increase own port’s output, reduce the rival port’s output, and increase own port’s profit. On the other hand, an increase in inland road capacity may or may not increase own port’s output and profit, owing to various offsetting effects. Essentially, while more road capacity reduces local delays and moderates the negative impact of own output expansion, it induces greater local commuter traffic and may moderate the reduction by local commuter traffic in response to a rise in cargo traffic, both of which reduces own output and profit. Similarly, inland road pricing may or may not increase own port’s output and profit. Finally, case examples for selected ports and regions are discussed.
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  • 15
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: French
    Pages: 9 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/04
    Keywords: Transport
    Abstract: Oil is the main component of transport fuel. As for now, however, crude oil price (FOB-Free on board) accounts for less than a fifth of transport costs. Operating costs, wages and taxes cause the remaining four fifths. Nevertheless, oil scarcity may raise fuel costs to such a level that transport companies and citizen may suffer significant adverse impacts. A multiplication by 8 of the price of oil (compared to 2007) would double road transport cost. Yet, the rise would be global, which would enable operators to shift the cost to their clients without suffering changes in competition. Still, small operators that would not be in a position to optimize truck loads and routes would be threatened. Major oil price rise would mainly affect two aspects of mobility: aviation and private motoring. Air companies have added a special oil charge to ticket cost while changes in private motoring, which uses approximately as much fuel as air per passenger – kilometre, may lead to a situation where only the wealthiest citizens may keep driving.
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  • 16
    Language: English
    Pages: 129 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.658
    Keywords: Economics
    Abstract: Considering the costs and risks of inaction, ambitious action to reduce greenhouse gas emissions is economically rational. However, success in abating world emissions will ultimately require a least-cost set of policy instruments that is applied as widely as possible across all emission sources (countries, sectors and greenhouse gases). The main purpose of this paper is to explore feasible ways to meet these two basic requirements for successful future climate policies. Using a range of modelling frameworks, it analyses cost-effective policy mixes to reduce emissions, the implications of incomplete coverage of policies for the costs of mitigation action and carbon leakage, the role of technology-support policies in lowering future emissions and policy costs, as well as the incentives –and possible options to enhance them – for emitting countries to take action against climate change.
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  • 17
    Language: English
    Pages: 47 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.650
    Keywords: Economics ; Japan
    Abstract: Tax reform is an urgent priority, as Japan needs as much as 5% to 6% of GDP of additional government revenue just to stabilise public debt, which has risen to 180% of GDP. In addition to raising revenue, tax reform should promote economic growth, address the deterioration in income distribution and improve the local tax system. Additional revenue should be obtained primarily by increasing the consumption tax rate, currently the lowest in the OECD area, while broadening the personal and corporate income tax bases. The corporate tax rate, now the highest in the OECD area, should be cut to promote growth, while eliminating aspects of the tax system which discourage labour supply and distort the allocation of capital. Japan should also consider introducing an Earned Income Tax Credit to promote equity. The local tax system should be simplified, increasing reliance on existing taxes on property, income and consumption.
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  • 18
    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.603
    Keywords: Economics
    Abstract: The strong and sustained rise in oil prices observed in recent years poses a challenge to monetary policy and its ability to simultaneously achieve low inflation and stable output. Against this background, the paper studies monetary policy in a small open economy New Keynesian DSGE model including oil as a production input and a component of final demand. It investigates the performance of alternative price level definitions, notably headline and core CPI, in standard interest rate rules with respect to output and inflation stabilisation. The analysis puts special emphasis on the impact of price and real wage rigidity and their interaction on the policy trade-off induced by the oil price shock. While the degree of price rigidity alone is found to have little impact on the shock transmission and generates only small differences between alternative monetary strategies, the simulations suggest a more important role for real wage stickiness. Real wage stickiness triggers second round effects and complicates stabilisation whatever the policy rule. A focus on core inflation tends to limit the contraction of output in this context. The results also point to some interaction between nominal price and real wage rigidities. In the presence of real wage rigidity, greater price flexibility is found to be destabilising, as it amplifies the initial inflation effect of shocks, thereby triggering a stronger monetary policy response and a larger output effect.
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  • 19
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 30 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.610
    Keywords: Economics
    Abstract: There is widespread evidence that a better access to markets contributes to raising income levels. However, no quantification of the impact of distance to markets has been made on the basis of a sample restricted to advanced — and therefore more homogeneous — countries. This paper applies the framework developed by Redding and Venables (2004) on a panel data covering 21 OECD countries over 1970-2004, and shows that, relative to the average OECD country, the cost of remoteness for countries such as Australia and New Zealand could be as high as 10% of GDP. Conversely, the benefit for centrally-located countries like Belgium and the Netherlands could be around 6-7%. Second, the paper explains why the key estimated parameter in the Redding-Venables model is biased upwards in cross-section samples that mix both developing and developed countries, because of the inability to adequately control for heterogeneity in technology levels across countries. The paper also provides a detailed discussion of the links between the ?death-of-distance? hypothesis, the evolution of transport costs and that of the elasticity of trade to distance.
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  • 20
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 38 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.646
    Keywords: Economics ; Turkey
    Abstract: Monetary policy has been one of the main pillars of the post-2001 stabilisation programme. Encouraged by its success, the central bank shifted from implicit to explicit inflation targeting in 2006 and set a medium-term inflation target of 4%, applicable from end 2007. However this objective faced with two important challenges. On the one hand, inflation inertia settled in and non-tradable inflation stagnated at more than 10%, further fuelled by persistent surge in global commodity and energy prices. On the other hand, real interest rates remained high, continuing to fuel strong capital inflows and currency appreciation, and undermining the competitiveness of labour-intensive segments of the economy. Turkey is, therefore, faced with the classic dilemma of successful catching-up economies: Inflation inertia requires a tight policy while competitiveness losses appear to go beyond the absorption and adaptation capacity of large segments of the economy. This chapter argues that resolving this issue requires monetary policy to be supported by broader policies, including proactive competition policy to reduce costs and prices in services, enforcement of a credible multi-yearly spending framework to consolidate confidence in fiscal stability, and employers' and employees' commitment to anchor prices and wages more on the inflation target. Success with such policies would help shift the burden away from the central bank's interest rate as the only available instrument to increase the credibility of the inflation target.
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  • 21
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 27 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.645
    Keywords: Economics ; Iceland
    Abstract: Health outcomes and the quality of health care in Iceland are very good by international comparison, while income-related health inequality appears to be smaller than in most other countries. However, the health-care system is costly and, according to OECD estimates, public expenditure on health and long-term care could reach 15% of GDP by 2050 if no restraining measures are taken. This highlights the importance of raising cost-effectiveness and spending efficiency more generally. To this end, it would seem advisable to remove impediments to private provision and open up the health sector to competition. At the same time, the introduction of cost-sharing should be considered where it does not exist (as in hospitals), although concerns about equity need to be taken into account. This would relieve the burden on public finances, as would the introduction of spending ceilings, cost-efficiency analysis and activity-based funding arrangements. The high cost of pharmaceuticals should be reduced by promoting competition and the use of inexpensive generic drugs.
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  • 22
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 38 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/14
    Keywords: Transport
    Abstract: 1.INTRODUCTION; 1.1. Growth of regional airports; 1.2. Implications for policy makers; 1.3. Objective of this paper; 2. DEFINITIONS OF ACCESSIBILITY 3. ACCESS MODE CHOICE 3.1. Observed access mode shares 3.2. Factors influencing access mode choice behaviour 3.3. Modelling access mode choice behaviour 4. AIRPORT CHOICE 4.1. Factors influencing airport choice behaviour 4.2. Modelling airport choice behaviour 5. CASE STUDY: THE EFFECTS OF THE INTRODUCTION OF NEW RAIL MODES 5.1. Introduction 5.2. London Heathrow – Heathrow Express 5.3. London Gatwick – Gatwick Express 5.4. Oslo Gardermoen – Flytoget 5.5. Stockholm Arlanda – Arlanda Express 5.6. Conclusions 6. CASE STUDY: TICKET TAX IN THE NETHERLANDS 6.1. Introduction 6.2. AEOLUS model 6.3. Simulation of a ticket tax 6.4. Effects by segment 6.5. Final implementation 6.6. Conclusion 7. CONCLUSIONS 8. REFERENCES
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  • 23
    Language: English
    Pages: 52 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.649
    Keywords: Economics
    Abstract: This paper analyses the determinants of structural unemployment rates in a two-stage approach. First, time-varying NAIRUs are estimated for a panel of OECD economies on the basis of Phillips curve equations using Kalman filter techniques. In a second stage, the estimated NAIRUs are regressed on selected policy and institutional variables. As predicted by theoretical wage-setting/price-setting models, the level of the tax wedge and the user cost of capital are found to be important drivers of structural unemployment. Consistent with earlier studies, the level of product market regulation, union density and the unemployment benefit replacement rate also play an important role in explaining changes in the NAIRU although there is considerable variation in estimates across countries. Nonetheless, the set of structural variables provides a reasonable explanation of NAIRU dynamics over the period 1978-2003, even though recent decreases are better explained than the earlier surge.
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  • 24
    Language: English
    Pages: 17 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.597
    Keywords: Economics
    Abstract: This paper addresses the question of whether and how monetary policy ease may lead to excesses in financial and real asset markets and ultimately result in financial dislocation. It presents evidence suggesting that periods when short-term interest rates have been persistently and significantly below what Taylor rules would prescribe are correlated with increases in asset prices, especially as regards housing, though no systematic effects are identified on equity markets. Significant asset price increases, however, can also occur when interest rates are in line with Taylor rules, associated with periods of financial deregulation and/or innovation. The paper argues that accommodating monetary policy over the period 2002-2005, in combination with rapid financial market innovation, would seem in retrospect to have been among the factors behind the run-up in asset prices and consequent financial imbalances -- the (partial) unwinding of which helped trigger the 2007 financial market turmoil. Moreover, the paper points out that in certain situations policy rates may be a rather blunt tool for dealing with both the build-up and aftermath of financial imbalances, raising the question whether “macro-prudential” regulation could be useful.
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  • 25
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.643
    Keywords: Economics
    Abstract: This paper examines the relationship between tax structures and economic growth by entering indicators of the tax structure into a set of panel growth regressions for 21 OECD countries, in which both the accumulation of physical and human capital are accounted for. The results of the analysis suggest that income taxes are generally associated with lower economic growth than taxes on consumption and property. More precisely, the findings allow the establishment of a ranking of tax instruments with respect to their relationship to economic growth. Property taxes, and particularly recurrent taxes on immovable property, seem to be the most growth-friendly, followed by consumption taxes and then by personal income taxes. Corporate income taxes appear to have the most negative effect on GDP per capita. These findings suggest that a revenue-neutral growth-oriented tax reform would be to shift part of the revenue base towards recurrent property and consumption taxes and away from income taxes, especially corporate taxes. There is also evidence of a negative relationship between the progressivity of personal income taxes and growth. All of the results are robust to a number of different specifications, including controlling for other determinants of economic growth and instrumenting tax indicators.
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  • 26
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264041646
    Language: English
    Pages: Online-Ressource (175 p.) , ill.
    Series Statement: OECD Rural Policy Reviews
    Parallel Title: Erscheint auch als Scotland, UK
    DDC: 307.141209411
    Keywords: Ländliche Entwicklung ; Entwicklungsplanung ; Schottland ; Governance ; Urban, Rural and Regional Development ; United Kingdom
    Abstract: Rural Scotland represents an important resource for national development and growth, but large unexploited potential remains. Many of Scotland’s strengths are rural in nature, including an abundant land area, rich natural and cultural resources, higher standards of living, and a stable and relatively diversified economy with good employment and entrepreneurship indicators. This comprehensive review of rural policy in Scotland recommends a more integrated approach to rural policy which addresses land and housing related issues, economic diversification in key emerging sectors, service delivery improvements and actions to exploit rural-urban linkages.
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  • 27
    ISBN: 9789264040830
    Language: French
    Pages: Online-Ressource (107 p.) , ill.
    Parallel Title: Parallelausg. The Space Economy at a Glance 2007
    Keywords: Development ; Science and Technology ; Economics
    Abstract: Les applications spatiales prennent une place de plus en plus importante dans la vie quotidienne. Les prévisions météorologiques, le contrôle de la circulation aérienne, les communications et la radiodiffusion à l’échelle mondiale ou la gestion des catastrophes sont autant d’activités clés qui avec bien d’autres seraient inimaginables aujourd’hui sans les satellites. L’industrie spatiale proprement dite constitue un domaine d’activité relativement limité par rapport aux autres industries manufacturières, mais son dynamisme technologique et son importance stratégique lui confèrent un rôle de plus en plus crucial dans la société moderne. Paradoxalement, c’est aussi l’un des secteurs à propos desquels on manque de données fiables et comparables au plan international. Cette publication s’attache à combler cette lacune en rassemblant des informations provenant d’un large éventail de sources officielles et non officielles, qui permettent de brosser un tableau complet de l’industrie spatiale, de ses activités de services en aval et de ses retombées économiques et sociales plus larges. Quelles sont les grandes nations spatiales ? Quelle est l’importance du chiffre d’affaires et de l’emploi dans ce secteur ? Quelle est l’ampleur des activités de R-D et sur quels domaines celles-ci se concentrent-elles ? Quelle est la valeur des retombées des dépenses spatiales ? On trouvera des réponses à ces questions ainsi qu’à d’autres dans ce tout premier tour d’horizon statistique publié par l’OCDE sur l’économie émergente du secteur spatial. Un lien dynamique (StatLink) accompagne les graphiques. Il dirige le lecteur vers une page Web où les chiffres correspondants sont disponibles en format Excel®.
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  • 28
    Language: English
    Pages: 38 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.634
    Keywords: Economics
    Abstract: This paper addresses the question of whether and how long-term financial trends may have modified the transmission mechanism from monetary policy decisions to economic activity. The focus is on longterm changes, abstracting from the disruptions created by the 2007-08 financial turmoil which are temporarily affecting the transmission mechanism. The first series of findings is that a number of factors have worked to strengthen the transmission of monetary policy, including more competitive financial markets, higher household indebtedness, greater diversity in the supply of financial products, greater financial integration and more responsive asset pricing mechanisms. However, other factors appear to have simultaneously gone in the direction of weakening transmission of domestic policy, including greater external financial influences, lower exchange-rate pass-through and a broad-based shift towards fixed-rate assets and liabilities. On balance, monetary policy appears to remain a powerful tool for guiding aggregate demand, but a number of changes that have worked to support the strength of transmission have also increased risks to financial stability.
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  • 29
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 44 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.630
    Keywords: Economics ; Poland
    Abstract: The Polish tax system is characterised by high social security contributions for both employers and employees. As a result, Poland has one of the highest tax wedges in the OECD, despite relatively low personal income tax rates. This, combined with a relatively high minimum wage and generous early-retirement and disability benefit programmes, contributes to low employment rates, in particular among low-skilled workers. The system also relies heavily on consumption taxes, whereas relatively little revenue is collected from such bases as environment externalities, inheritances and, in particular, property. One of the key implications of the tax structure is that the system as a whole is one of the least redistributive among OECD countries. This paper reviews the main features of the tax system and explores options to improve its efficiency, including possibilities to broaden existing tax bases as well as to shift the tax burden from labour towards less mobile and distorting sources such as property.
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  • 30
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 18 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/11
    Keywords: Transport
    Abstract: n this paper, it is argued that port authorities can actively contribute to better hinterland access. Different types of involvement of the port authority are discussed, as well as reasons for such involvement. The analysis is explorative and aims to provide a basis for further discussion. The analysis applies to landlord port authorities (PAs) with public goals. Landlord port authorities have become more autonomous and take the initiative for expansion and redevelopment of port infrastructure. The activities of PAs can be classified in four broad categories: traffic management, customer management, area management and stakeholder management. PAs traditionally act as landlords but increasingly operate ‘beyond the landlord’ model. The main argument for a more active involvement of the PA is the fact that coordination in clusters as well as transport chains does not always emerge spontaneously, for various reasons. More coordination can lead to more efficient supply chains and more competitive ports. Consequently, PAs have incentives to invest to improve coordination in port clusters and supply chains.
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  • 31
    Language: English
    Pages: 56 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.632
    Keywords: Economics ; El Salvador
    Abstract: In January 2009, the Slovak Republic will adopt the euro and become the 16th member of the euro area. This paper investigates the implications of euro adoption in the Slovak Republic for inflation and interest rates with an attempt to quantify their likely size as well as their consequences for the general public. The empirical analysis – which makes use of the experience of the first-wave euro area countries – suggests that the cash changeover will most likely be associated with a moderate increase in consumer prices, estimated at around 0.3%. Policy measures to reduce this effect include public information campaigns, the conversion of publicly administered prices with the exact conversion rate and the reduction of administrative obstacles to increase supply. The minor purchasing power losses associated with this price increase will not be evenly distributed across the population with higher income households and families with children expected to be harder hit than others. Even though the exchange rate vis-à-vis the euro area will be irrevocably fixed, past appreciations of the koruna are still likely to pass-through to some downward pressure on consumer prices, with the cumulative effect estimated to amount to around 1.5% up to mid-2009. In the longer run, the Balassa-Samuelson effect and other factors affecting catch-up economies may raise the Slovak inflation rate above the euro area level. As capital markets have already fully priced in euro membership, no immediate effect on short- and long-term interest rates in the wholesale markets is to be expected for January 2009. In the longer run, euro adoption can be expected to foster financial integration, thereby leading to a convergence of Slovak retail interest rates towards euro area levels. This reduction in retail interest rates will benefit the general public with mortgage borrowers likely to reap the largest benefits. A potential risk of low real interest rates is the emergence of a boom-bust cycle; prudent fiscal policy and further structural reforms, including enhanced competition, would help to counter any such developments.
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  • 32
    Language: English
    Pages: 35 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.599
    Keywords: Economics ; India
    Abstract: Competition in product markets has been found to be an important determinant of economic performance in developed and developing countries. This paper uses the OECD's indicators of product market regulation (PMR) to assess the extent to which India's regulatory environment is supportive of competition in markets for goods and services. The results indicate that although liberalisation has improved the regulatory environment to international best practices in a few areas, the overall stance of product market regulation is still relatively restrictive. The regulatory environment is also found to vary markedly across the 21 Indian states for which the PMR indicators are estimated. The paper goes on to review various aspects of product market regulation in India and suggest a number of policy initiatives that would improve the degree to which competitive market forces are able to operate. This working Paper relates to the 2007 Economic Survey of India (www.oecd.org/eco/surveys/india).
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  • 33
    Language: English
    Pages: 35 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.655
    Keywords: Economics
    Abstract: The financial crisis and economic downturn are going to weigh on fiscal positions in OECD countries over the short to medium-term, both through the operation of automatic stabilisers and the enactment of discretionary fiscal stimulus packages. However, the strategic policy options facing OECD countries are mainly determined by the soundness of their underlying fiscal positions which vary substantially. This paper first describes how OECD economies are situated with respect to underlying fiscal balances and net government debt. A number of countries seem to enjoy favourable fiscal positions with underlying fiscal surpluses, low government debt or even positive net financial asset positions. When taking account, as far as possible, of implicit liabilities associated with ageing populations and resource-based revenues, fiscal positions still vary greatly across countries. The paper then examines the criteria involved in deciding whether government financial asset accumulation is in excess of needs and the use to which any excess government saving might be put, whether increasing public spending or reducing taxes. Finally, the determinants of the optimal size of the government balance sheet for any given desired net debt position are discussed.
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  • 34
    Language: English
    Pages: 35 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.659
    Keywords: Economics
    Abstract: In this working paper, we decompose fiscal policy in three components: i) responsiveness, ii) persistence and iii) discretion. Using a sample of 132 countries, our results point out that fiscal policy tends to be more persistent than responding to output variations. We also found that while the effect of cross-country covariates is positive (negative) for discretion, it is negative (positive) for persistence, suggesting that countries with higher persistence have lower discretion and vice versa. In particular, while government size, country size and income have negative effects on the discretion component of fiscal policy, they tend to increase fiscal policy persistence.
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  • 35
    Language: French
    Pages: Online-Ressource (25 S.) , graph. Darst. , 21 x 29.7cm
    Edition: Révisé 9-12-08
    Series Statement: Document de référence / Centre Conjoint de Recherche sur les Transports 2008-21
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/21
    Keywords: Transport ; Arbeitspapier ; Graue Literatur
    Abstract: Certains domaines associés aux thèmes discutés ici échappent à mes compétences, comme par exemple l’évaluation des risques et des défauts de sûreté dans les transports. Ce qui m’a convaincu de l’importance de ce sujet, ce sont quelques conclusions très générales, je dirais volontiers quelques impressions que m’inspire depuis quelques années l’évolution très remarquable de nos pouvoirs d’analyse sur les processus de prise de décision en matière de risque. Le mot insécurité visera souvent ici la gestion des risques liés à des actes de malveillance intentionnelle... Les coûts de la sécurité prise en ce sens constituent aujourd’hui une composante de tout budget transport. Outre les coûts de prévention et de surveillance, les coûts de prévision, il faut aussi envisager désormais le coût des dommages potentiels liés à de tels actes. Les événements du 11 septembre 2001, qui ont accéléré cette évolution, doivent suffire à nous convaincre que les conséquences de tels dommages sont désormais commensurables avec les coûts des guerres.
    Note: Engl. Ausg. u.d.T.: De Palma, André: Rational behaviour, risk aversion : high stakes for society , Systemvoraussetzungen: Acrobat Reader.
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  • 36
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 27 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.625
    Keywords: Economics ; India
    Abstract: The provision of high-quality education and health care to all of the population is considered a core element of public policy in most countries. In India, the government is active in both education and health but the private sector also plays an important role, notably for heath, and to a lesser extent in education. At present, the quality and quantity of the outputs from education, and also form public health care, are holding back the process of economic development. Steps are being taken to draw more children into primary education and the paper considers ways to keep children in school. It also considers institutional changes that may help to improve the performance of the educational system and so boost human capital formation. This working Paper relates to the 2007 Economic Survey of India (www.oecd.org/eco/surveys/india).
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  • 37
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 50 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.611
    Keywords: Economics ; Germany
    Abstract: Improving education outcomes is important for Germany’s long-term economic performance and social cohesion. While student achievement is above the OECD average in science and at the OECD average in reading and mathematics according to the 2006 OECD PISA study, weaker students tend to do badly by international comparison and socio-economic and/or immigrant backgrounds have a large impact. Another problem is that the proportion of younger people that completes tertiary education is relatively low. The authorities are undertaking wide ranging reforms touching all levels of education to tackle these problems. Nevertheless, there is scope to go further by: increasing participation in early childhood education and care of children from less advantaged socio-economic backgrounds and improving the quality of such education; improving teaching quality; reducing stratification in the school system; and making tertiary education more attractive and responsive to labour-market requirements. With the reforms underway or suggested, Germany would be able to look forward to higher education achievement and attainment and, especially, greater equality of education opportunity.
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  • 38
    ISBN: 9789264041882
    Language: English
    Pages: Online-Ressource (102 p.)
    Parallel Title: Erscheint auch als Europäische Kommission. Statistisches Amt EUROSTAT - OECD manual on business demography statistics
    RVK:
    Keywords: Unternehmenserfolg ; Unternehmensgründung ; Lebenszyklus ; Statistische Methode ; Anpassung ; EU-Staaten ; OECD-Staaten ; Economics ; Industry and Services ; Indikator ; Unternehmensentwicklung
    Abstract: This joint Eurostat and OECD publication provides a detailed description of the sources and methods used by OECD countries to compile the business demography indicators, such as birth death and survival rates of businesses, published by OECD in Structural and Demographic Business Statistics (SDBS). Furthermore, these measures are key components of the Entrepreneurship Indicators Programme developed jointly by the OECD and Eurostat. It is the first manual of its kind that provides for an internationally comparable framework for these increasingly important measures and also provides recommendations for the measurement of indicators not hitherto covered in the SDBS publication, such as indicators of high-growth enterprises and young high-growth enterprises (gazelles).
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  • 39
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264048942
    Language: English
    Pages: Online-Ressource (248 p.) , ill.
    Series Statement: OECD Reviews of Regional Innovation
    Parallel Title: Erscheint auch als North of England, UK
    DDC: 338.0640942
    RVK:
    RVK:
    RVK:
    Keywords: Technologiepolitik ; Regionalpolitik ; England (Nord) ; Governance ; Urban, Rural and Regional Development ; Science and Technology ; Industry and Services ; United Kingdom ; England Nord ; Innovationsförderung
    Abstract: With 14.5 million inhabitants and an economy worth over EUR 290 billion, the North of England is larger than many European countries. At the heart of the industrial revolution, the region has been a historic centre for world-changing innovation in transport, computing and in vitro fertilisation. Yet, in the wake of massive losses in manufacturing employment over the past few decades, the region is having to adapt in order to catch up to more prosperous regions in the UK and remain competitive globally. Like many regions around the OECD, the North of England is seeking to support economic development through innovation, with strategies that build on the region's heritage while also looking to develop new strengths. This report reviews how both national policy and regional strategies support innovation in the North and how these efforts could be improved. It will be of interest to policy makers, firms and others active in promoting innovation and regional economic development.
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  • 40
    ISBN: 9789264043831
    Language: English
    Pages: Online-Ressource (276 p.) , ill.
    Series Statement: OECD Territorial Reviews
    Parallel Title: Erscheint auch als Istanbul, Turkey
    Keywords: Wirtschaftsförderung ; Megastadt ; Internationaler Wettbewerb ; Istanbul ; Governance ; Urban, Rural and Regional Development ; Turkey ; Istanbul
    Abstract: Istanbul has established itself as the industrial, financial and logistics centre of the country, producing almost one-third of the national output and absorbing the bulk of foreign direct investment. And, on the international scale, Istanbul ranks among the fastest growing OECD metro-regions. This review finds, however, that Istanbul faces challenges that could hamper its ambition to become a Eurasian hub for finance, logistics, culture and tourism, as well as its development in general. Its economy is changing from one driven by labour-intensive activities to one based on knowledge industries, while traditional and labour-intensive sectors (e.g. textiles and its supply chain) are shifting only gradually and slowly to other complementary industry segments. Constraints on human capital development and the informal sector have hindered productivity levels and increased income disparities. Over-migration is putting a burden on Istanbul’s transport, public infrastructure and housing, and earthquake risk management. The scale and variety of these challenges necessitates improving local public management and implementing a national strategy to reduce regional disparities and to limit migration flows towards the megalopolis.
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  • 41
    Language: English
    Pages: 44 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/10
    Keywords: Transport
    Abstract: The seaport-hinterland interaction plays an increasingly important role in shaping supply chain solutions of shippers and logistics service providers. Scarcity concerns combined with concerns over the reliability of transport solutions have led seaports and hinterland corridors to take up a more active role in supply chains. This contribution looks at port developments and logistics dynamics in Europe and proposes some steps towards a further integration between seaports and the hinterland. The key point put forward in this paper is that the competitive battle among ports will increasingly be fought ashore. Hinterland connections are thus a key area for competition and coordination among actors. The paper approaches port-hinterland dynamics from the perspective of the various market players involved, including port authorities, shipping lines, terminal operators, transport operators (rail, barge, road and short sea) and logistics service providers. The paper will address the impact of horizontal and vertical relations in supply chains on the structure of these chains and on the relationships between seaports and the intermodal hinterland. Who takes or should take the lead in the further integration of ports and inland ports and what actions have been taken so far by the market players in this respect, will be examined. The incentives for market players to vertically or horizontally integrate will be analyzed against the backdrop of the nature of the market in which the various players operate.
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  • 42
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 32 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.638
    Keywords: Economics ; Indonesia
    Abstract: Indonesia’s business environment is discouraging entrepreneurship and holding back private-sector growth and development. Weaknesses in the regulatory framework, infrastructure bottlenecks and poor governance continue to weigh down on investment. Policies have been put in place to address these problems, but much remains to be done. An important recent initiative is the enactment of the Investment Law in 2007, which strengthened the foreign investment regime. This paper argues that options for reform could focus on making regulations more pro-business, including by removing red tape and onerous provisions at the local level of government, improving governance and relaxing remaining restrictions on foreign investment. Further financial deepening would facilitate access by enterprises to more abundant, cheaper sources of finance. This Working Paper relates to the 2008 OECD Economic Assessment of Indonesia (www.oecd.org/eco/surveys/indonesia).
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  • 43
    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.656
    Keywords: Economics
    Abstract: This paper analyses how different tax policies can affect investment and productivity. To address this question the paper uses industry-level data from a set of OECD countries and examines whether different industries are affected differently by taxation. Investment is shown to respond negatively to an increase in the corporate tax rate and a decrease in capital depreciation allowances through changes in the user cost of capital. The analysis of potential links between taxes and productivity tests the hypothesis that taxes affect productivity through different channels and that due to some salient industry characteristics some industries are inherently more affected than others by certain taxes. The paper finds evidence that corporate and top personal income taxes have a negative effect on productivity. In contrast, tax incentives for research and development (R&D) are found to have a positive effect on productivity. These effects are stronger in those industries that are inherently more profitable, have more entrepreneurial activity and are more R&D intensive, respectively.
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  • 44
    Language: English
    Pages: 23 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.594
    Keywords: Economics ; Switzerland
    Abstract: Switzerland has had a long-standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the excess of national saving over domestic investment. It then seeks possible explanations for the uptrend and assesses whether it results to any extent from market, institutional or policy failures that could call for reforms. A number of important measurement issues are raised. But the key recommendation is that the authorities should prepare for a possible sharp increase in the value of the Swiss franc if and when investors engaged in the “carry trade” unwind their positions. To that end they should examine labour, capital and product markets with a view to ensuring they are as flexible as possible and that factors are as mobile as possible, both geographically and sectorally. This will allow any necessary adjustment to a higher exchange rate to be smoothly accommodated. This Working Paper is largely extracted from the 2007 OECD Economic Survey of Switzerland (www.oecd.org/eco/survey/switzerland).
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  • 45
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/15
    Keywords: Transport ; United Kingdom
    Abstract: The paper provides an overview of UK airports from the perspective of a business enterprise. Its object is to show, through the medium of the UK industry, that effective competition between airports is possible and that a competitive industry can be financially viable. In the UK case viability is achieved at all levels of output, thus refuting the suggestion that high fixed costs are a significant barrier to positive returns, particularly for airports of limited output. This viable industry operates for the most part in the private sector of the economy and it has evolved without the imposition of a strategic plan. It is competition that has driven the dynamics of the industry, an industry that in its symbiotic relationship with the airline industry has been an economic success story helping to produce strong economic growth in the service sector of the UK economy.
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  • 46
    Language: English
    Pages: 32 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/09
    Keywords: Transport
    Abstract: Transport sector policies already contribute to moderating greenhouse gas emissions from road vehicles and are increasingly designed to contribute to overall societal targets to mitigate climate change. The Round Table investigated the effectiveness and costs of various mitigation options. The question of how to decide on the distribution of abatement efforts across sectors of the economy was also discussed. Within the broad topic of addressing greenhouse gas emissions from transport, the Round Table focused on emissions of CO2 from road transport and in particular from light-duty passenger vehicles. Policies that reduce fuel consumption below non-intervention levels are in place in most countries, many adopted for reasons other than reducing CO2 emissions. In the US, both fuel taxes and fuel economy regulations have been in force for some decades. European governments have adopted high fuel taxes but are now considering introducing fuel economy regulations. A first core question for the Round Table was whether such a combination of instruments is justified. A second question was whether current policies, and the level of taxes and standards, are in line with societal climate change mitigation goals and, more generally, how such goals ought to be defined.
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  • 47
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 54 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.651
    Keywords: Economics ; Japan
    Abstract: Labour productivity growth in the service sector, which accounts for 70% of Japan’s economic output and employment, has slowed markedly in recent years in contrast to manufacturing. The disappointing performance is associated with weak competition in the service sector resulting from strict product market regulation and the low level of import penetration and inflows of foreign direct investment (FDI). Reversing the deceleration in productivity growth in the service sector is essential to raise Japan’s growth potential. The key is to eliminate entry barriers, accelerate regulatory reform, upgrade competition policy and reduce barriers to trade and inflows of FDI. Special attention should be given to factors limiting productivity growth in services characterised by either low productivity or high growth potential, such as retail, transport, energy and business services. Finally, it is essential to increase competition in public services, such as health and education, where market forces have been weak.
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  • 48
    Language: English
    Pages: 16 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/06
    Keywords: Transport
    Abstract: This paper summarizes and organizes presentations and discussions of the Round Table on Macro-, meso and micro infrastructure planning and assessment tools, that took place at Boston University, on 25 and 26 October 2007. The goal of the meeting was to investigate how recent research on direct and wider economic impacts of investment in transport infrastructure can be used to improve the practice of transport projects appraisal. While the potential importance of “wider benefits” is clear, it is less obvious that attempts to quantify them should be part of all projects appraisals. Timely availibilty of results of simpler approaches might approve the quality of decision-making just as much. And when wider impacts are part of appraisal, their quantification should follow consistent procedures. Policy-oriented research should focus on these procedures, not on producing general results, as the latter are thought to be irrelevant to policy, to the extent they exist.
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  • 49
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 34 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.624
    Keywords: Economics ; India
    Abstract: Over the past decade, labour market outcomes have improved in India, with net employment rising markedly for the economy as a whole. However, these gains have arisen primarily in the unorganized and informal sectors of the economy, where productivity and wages are generally much lower than in the formal organized sector. It is only India’s organized sector that is subject to labour market regulation, and here employment has fallen. The role of employment protection legislation in affecting employment outcomes is controversial both in the OECD area and in India. This paper looks at the impact of employment protection legislation and related regulation on the dynamics of employment in the organized sector of the economy, using newly constructed measures of national regulation and state labour reforms. We find that while reforms have taken some of the bite out of core labour laws, more comprehensive reforms are needed to address the distortions that have emerged. This working paper relates to the 2007 Economic Survey of India (www.oecd.org/eco/surveys/india).
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  • 50
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    Paris : OECD Publishing
    Language: English
    Pages: 32 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.605
    Keywords: Economics ; Chile
    Abstract: Compliance with the structural budget surplus rule, which has been in place since 2001, has allowed the government to maintain a counter-cyclical fiscal stance in an environment of rising copper prices, while delivering a gradual reduction in public indebtedness. Monetary policy is conducted within a framework that combines inflation targeting with exchange-rate flexibility. A Fiscal Responsibility Law was promulgated in September 2006, strengthening the macroeconomic framework further by embedding the fiscal rule in law and setting out regulations for the use of fiscal savings. Complementary pension reform is being discussed in Congress with the objective of strengthening the pension system’s solidarity pillar and encouraging retirement saving. The tax system is also being improved with a view to removing obstacles to financial deepening and to business-sector development. Government spending on social programmes is budgeted to rise considerably, in line with the authorities’ emphasis on social development. The main challenge in the macroeconomic area is to maintain the policy setting that has served Chile so well over the recent copper-price upswing, while tempering demands for hiking public social spending and maintaining a lean public sector in a low-tax, low-debt environment. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile).
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  • 51
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    Paris : OECD Publishing
    Language: English
    Pages: 32 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.639
    Keywords: Economics ; Poland
    Abstract: Despite a high level of homeownership, the housing market in Poland is suffering from an important shortage. The difference between the number households and available dwellings, the number of dwellings per thousand inhabitants, and the availability of basic amenities (especially in rural areas) all indicate that significant improvements are needed to catch up to the most affluent OECD and EU countries. The formal rental segment of the market is also underdeveloped, contributing to low labour mobility and persistent disparities in regional unemployment. Given the social, economic and political dimensions of the problem, various housing policies implemented since the beginning of the transition process have aimed to fill the housing gap, though they have been either narrow in scope or have led to unclear results. However, the housing market has been buoyant in recent years, spurred by rising levels of GDP per capita, lower interest rates and the emergence of a competitive mortgage market. Yet a brisk price appreciation has also occurred at the same time, while households’ exposure to interest- and exchange-rate risks has significantly increased and banks’ funding capabilities have shrunk. Although the market has not been directly affected by the recent global financial turmoil, recent information shows that a turn-around is underway, with prices declining in several major cities as sentiment has plunged. This raises concerns about the capacity of the market to achieve a smooth adjustment in the face of a possible downturn.
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  • 52
    Language: English
    Pages: 31 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/12
    Keywords: Transport ; United States
    Abstract: Rapid growth in international trade over the last two decades has generated both benefits and costs. Costs have become increasingly visible in metropolitan areas -- growing congestion, air pollution – and local communities are demanding solutions. Congestion and air pollution associated with increased international trade have become so severe in the Los Angeles region that port-related trade is facing increased regulation by both state and local agencies. Historically US ports have been remarkably autonomous. Their role as economic development engines is wellrecognized by local leaders. Thus recent regulatory efforts represent a significant change in public policy. This report begins with an overview of trends in port-related trade and its impacts on US metropolitan areas, and discusses changing public perceptions of port-related trade as impacts have increased. Using Southern California as a case study, the report examines responses by the ports, terminal operators, and allied industries to a changed regulatory regime. Two examples are discussed in detail: 1) a state regulation requiring appointments or extended hours at terminal gates, and 2) the OFFPeak extended gate hours program. We use a political economy framework to explain outcomes. I describe the main economic actors and their competitive positions, and we explain the key aspects of the US regulatory system affecting these actors. Those with significant market power within the international trade supply chain were successful in staving off several regulatory attempts to force changes in operating practices. When regulations were imposed, they were able to structure responses to protect their economic interests. Results suggest that “dominant actors” – ports, terminal operators, steamship lines, and their major clients – will continue to be a strong influence in efforts to solve trade-related environmental problems.
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  • 53
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    Paris : OECD Publishing
    Language: English
    Pages: 51 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.647
    Keywords: Economics
    Abstract: This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models. The descriptive analysis suggests that the correlation between reforms, including a change in the tax wedge, the replacement ratio or anti-competitive product market regulation and the structural unemployment rate peaks only after 5 to 10 years. Lowering employment and price adjustment costs in the euro area to their respective US levels would only have a relatively limited effect on the speed of adjustment to labour market and tax reforms. Monetary policy reaction can speed up the adjustment to a new equilibrium, though to a varying degree in the different OECD countries or regions. In particular, reforms in individual euro area countries are likely to trigger only little or no policy reaction, unless there is an area-wide effort to implement reforms.
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  • 54
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    Paris : OECD Publishing
    Language: English
    Pages: 17 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.598
    Keywords: Economics
    Abstract: Tax receipts surged between 2005 and 2007 in many OECD countries, resulting in significant improvements in headline fiscal positions. As a consequence, pressures for tax cuts and for public spending increases have emerged. In the past, responding to such demands has permanently weakened budget positions as revenue windfalls ultimately proved to be temporary. Hence, the opportunity to address structural deficit problems and prepare for future demographic trends has been lost, and the ability to respond to subsequent cyclical downturns has been weakened. This paper provides an analysis of the factors behind recent revenue buoyancy and examines past responses to unexpected revenue gains. It also discusses whether improved information on fiscal positions and future fiscal challenges, combined with relevant fiscal rules, might help in avoiding a repetition of past errors in fiscal policy.
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  • 55
    Language: English
    Pages: 16 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/07
    Keywords: Transport
    Abstract: This paper summarizes and organizes presentations in the Round Table's presentations and discussions, draws conclusions when possible, and points out where opinions differ. It is divided in three main sections. First, the presentations and discussions provided an overview of the advances, promises, and pitfalls of current research on the economic impacts of investments in transport infrastructure. a first recurring theme was that advances in the analysis of "wider impacts" were acknowledged, but their transferability across projects was questioned, so there are "no simple rules" for generalizing results. Moreover, routine analysis is difficult because of shortcomings both in data availability and in the analytical framework. This theme is developed in some detail in section two. A second recurring issue was the major differences in the approach to transport project appraisal between countries. The impact of economic appraisal on policy decisions varies greatly from one region to another and this has consequences for the way wider economic impacts might be taken into account.
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  • 56
    Language: English
    Pages: 22 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/13
    Keywords: Transport
    Abstract: This short outlook is designed to test the potential for key policy instruments for mitigating emissions from road transport, and particularly from light duty vehicles, the largest source of CO2 emissions from transport (see Figure 1 and Table 1). It also examines uncertainties in the baseline scenario for the development of CO2 emissions from the sector. In contrast to the OECD’s Economic Outlook and the IEA’s World Energy Outlook, the Transport Outlook is produced making use of external modeling tools. The work uses the most transparent and robust model developed to date for the sector, the MoMo modeli constructed and maintained by the International Energy Agency and initially developed for the World Business Council for Sustainable Development. We are grateful to the MoMo-team for their willingness to share this product. The present document is only a first step towards the development of a full-fledged Transport Outlook. It is limited in scope, with its focus on road transport and on emissions of CO2. Despite the limitations, this mini-Outlook provides elements of a useful framework for discussions on the policy challenges presented by the risk of costly consequences from anthropogenic emissions of greenhouse gases. As will become clear, permanent reductions of CO2-emissions from transport are difficult to achieve because of strong underlying global growth in transport demand. At the same time, our scenarios suggest that emissions could be stabilized even with strong growth of demand, given immediate and continued efforts to reduce the sector’s carbon intensity. If stabilization is the goal, then finding cost-effective ways of achieving it becomes the critical issue.
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  • 57
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    Paris : OECD Publishing
    ISBN: 9789264044197
    Language: English
    Pages: Online-Ressource (312 p.)
    Parallel Title: Druckausg.
    Parallel Title: Parallelausg. Croissance et inégalités ; Distribution des revenus et pauvreté dans les pays de l'OCDE
    Parallel Title: Parallelausg. Mehr Ungleichheit trotz Wachstum?; Einkommensverteilung und Armut in OECD-Ländern
    Parallel Title: Parallelausg. Croissance et inégalités : Distribution des revenus et pauvreté dans les pays de l'OCDE
    Parallel Title: Parallelausg. Mehr Ungleichheit trotz Wachstum?: Einkommensverteilung und Armut in OECD-Ländern
    Parallel Title: Erscheint auch als Growing unequal?
    DDC: 339.2/2
    RVK:
    Keywords: Einkommensverteilung ; Armut ; Sozialpolitik ; OECD-Staaten ; Employment ; Social Issues/Migration/Health ; Economics ; OECD ; Mitgliedsstaaten ; Einkommensverteilung ; Soziale Ungleichheit ; Armut
    Abstract: Growing Unequal? brings together a range of analyses on the distribution of economic resources in OECD countries. The evidence on income distribution and poverty covers, for the first time, all 30 OECD countries in the mid-2000s, while information on trends extending back to the mid-1980s is provided for around two-thirds of the countries. The report also describes inequalities in a range of domains (such as household wealth, consumption patterns, in-kind public services) that are typically excluded from conventional discussion about the distribution of economic resources among individuals and households. The report provides evidence of a fairly generalised increase in income inequality over the past two decades across the OECD, but the timing, intensity and causes of the increase differ from what is typically suggested in the media. Precisely how much inequality there is in a society is not determined randomly, nor is it beyond the power of governments to change, so long as they take note of the sort of up-to-date evidence included in this report. This report includes StatLinks, URLs linking tables and graphs in the book to Excel® spreadsheets containing the data.
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  • 58
    ISBN: 9789264045811
    Language: English
    Pages: Online-Ressource (104 p.)
    Series Statement: OECD Reviews of Labour Market and Social Policies
    Keywords: Employment ; Social Issues/Migration/Health ; Serbia
    Abstract: To catch up with more advanced economies, Serbia urgently needs to improve the functioning of its labour market. This report reviews labour market trends and the principle challenges to labour market policy, making a series of recommendations. Despite many reforms, new business growth until now has been far too slow to compensate for job losses elsewhere. Recent reforms of labour law should be followed up by further efforts to improve the climate for business and productive work. Labour regulations must be flexible, but they should also be enforced more consistently. For all this to happen, it is essential that an effective social dialogue can take place and that it encompasses expanding and declining segments of the labour market.
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  • 59
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    Paris : OECD Publishing
    ISBN: 9789264043244
    Language: English
    Pages: Online-Ressource (564 p.) , ill.
    Parallel Title: Erscheint auch als Statistics, Knowledge and Policy 2007
    DDC: 361.6
    RVK:
    Keywords: Gesellschaft ; Fortschritt ; Sozialer Wandel ; Statistische Methode ; Economics ; Konferenzschrift ; Gesellschaft ; Fortschritt ; Sozialer Wandel ; Statistik
    Abstract: Is life getting better? Are our societies making progress? Indeed, what does “progress” mean to the world’s citizens? For a good portion of the 20th century there was an implicit assumption that economic growth was synonymous with progress: an assumption that a growing GDP meant life must be getting better. But we now recognise that it isn’t quite as simple as that. Access to accurate information is vital when we come to judge our politicians and hold them accountable. But access to a comprehensive and intelligible portrait of that most important of questions - whether or not life has got and is likely to get better - is lacking in many societies. The OECD’s 2nd World Forum on Statistics, Knowledge and Policy 'Measuring and Fostering the Progress of Societies' held in Istanbul in June 2007 brought together a diverse group of leaders from more than 130 countries to debate these issues. These proceedings contain 40 papers presented at the Forum.
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  • 60
    ISBN: 9789264043466
    Language: English
    Pages: Online-Ressource (162 p.)
    Parallel Title: Erscheint auch als Handbook on constructing composite indicators
    RVK:
    Keywords: Economics ; OECD ; Wirtschaftsindikator
    Abstract: This Handbook is a guide for constructing and using composite indicators for policy makers, academics, the media and other interested parties. While there are several types of composite indicators, this Handbook is concerned with those which compare and rank country performance in areas such as industrial competitiveness, sustainable development, globalization and innovation. The Handbook aims to contribute to a better understanding of the complexity of composite indicators and to an improvement of the techniques currently used to build them. In particular, it contains a set of technical guidelines that can help constructors of composite indicators to improve the quality of their outputs.It has been prepared jointly by the OECD (the Statistics Directorate and the Directorate for Science, Technology and Industry) and the Applied Statistics and Econometrics Unit of the Joint Research Centre (JRC) of the European Commission in Ispra, Italy.
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  • 61
    Language: English
    Pages: 30 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.628
    Keywords: Economics ; European Union ; United States
    Abstract: This paper examines shifts in labour productivity growth in the United States and in Europe between 1970 and 2007 based on econometric tests of structural breaks. Additionally, it makes use of time-series-based projected labour productivity growth up to 2009 in order to detect any recent break according to a central scenario as well as high and low scenarios, both derived from a 95% confidence interval. The identification of structural breaks in US labour productivity growth is far from obvious. A statistically significant break date is found in the late 1990s only if the upper scenario materialises in the future, which means that despite a clear pick-up in productivity growth in the second half of the 1990s, the size of the hump is not still large enough compared with past variation to make this change a statistically significant break. However, a significant breakpoint is detected in the mid-1990s for the difference in labour productivity growth between the United States and the EU15 based on observed data, which seems to be due to both the initial catch-up of Europe and the halt of the convergence process in the mid-1990s. Finally, European ICT-intensive countries are shown to have structurally performed better in terms of productivity growth than non-ICT-intensive countries.
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  • 62
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    Paris : OECD Publishing
    Language: English
    Pages: 48 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.637
    Keywords: Economics ; Indonesia
    Abstract: Indonesia’s growth performance is improving, following a slow recovery from the 1997-98 financial crisis. Investment is picking up, despite considerable business-climate obstacles to entrepreneurship. Unemployment remains high, and labour informality is pervasive. Fiscal policy has been conducted responsibly and in an increasingly decentralised manner. Monetary policy is now carried out within a fully-fledged inflation-targeting framework. This paper argues that the main barriers to raising the economy’s growth potential are to be found on the supply side of the economy. Indonesia will need to improve the business environment and to make better use of labour inputs to put the economy on a higher growth trajectory. The country’s income gap relative to the OECD is sizeable, and several years of sustained growth will be needed to eliminate it. This Working Paper relates to the 2008 OECD Economic Assessment of Indonesia (www.oecd.org/eco/surveys/indonesia).
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  • 63
    Language: English
    Pages: 51 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.654
    Keywords: Economics
    Abstract: This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe (CEE). Our results indicate that the strength of the exchange rate pass-through substantially declined over time mainly due to a fall in inflation rates and to some extent due to the so-called composition effect. The asset price channel is weak and is likely to remain weak because of shallow stock and private bond markets and because of low stock and bond holdings of domestic household. House prices may become an exception with higher levels mortgage lending and with high owner occupancy ratios. While the credit channel could be a powerful channel of monetary transmission - as new funds raised on capital markets are close to zero in CEE - it is actually not, as both commercial banks and non-financial corporations can escape domestic monetary conditions by borrowing from their foreign mother companies. The moderately good news is, however, that those banks and firms are influenced by monetary policy in the euro area because their parent institutions are themselves subjected to the credit channel in the euro area.
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  • 64
    Language: English
    Pages: 27 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.652
    Keywords: Economics ; Japan
    Abstract: The proportion of non-regular workers has risen to one-third of total employment. While non-regular employment provides flexibility and cost reductions for firms, it also creates equity and efficiency concerns. A comprehensive approach that includes relaxing the high degree of employment protection for regular workers and expanding the coverage of non-regular workers by the social security system would help to reverse dualism. Given that non-regular workers receive less firm-based training, it is also necessary to expand training outside of firms to support Japan’s growth potential, while enhancing the employment prospects of non-regular workers. Reversing the upward trend in non-regular employment may also encourage greater female labour force participation, which is essential given rapid population ageing that is already reducing Japan’s working-age population by almost 1% each year. Expanding childcare facilities and paying more attention to work-life balance would also boost female employment, while also raising Japan’s exceptionally low birth rate.
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  • 65
    Language: English
    Pages: 52 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.657
    Keywords: Economics ; Mexico
    Abstract: This paper discusses Mexico’s foreign trade and investment policies and provides specific recommendations to enhance the benefits of a closer integration in the world economy. Over the past two decades, Mexico has made significant progress in reducing barriers to trade and foreign direct investment (FDI), and this has boosted GDP per capita growth. Nevertheless, Mexico needs to make further progress in reforming its trade policy by further reducing MFN tariff barriers and non-tariff barriers so as to promote efficiency in the economy. Barriers to FDI remain high, particularly in some services and infrastructure sectors, such as telecommunications and domestic land transport. Restrictions to foreign ownership should be eased to attract higher inflows and thereby improve productivity. To broaden the benefits from FDI, supplier linkages between FDI investors and other firms in Mexico should be enhanced.
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  • 66
    Language: English
    Pages: 25 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.648
    Keywords: Economics
    Abstract: This paper examines the short-term distributional effects of a number of tax and labour market reforms in the euro area, drawing on simulations using a micro-founded dynamic general equilibrium model. A heterogeneous household sector with two groups of consumers is considered. The first group maximises intertemporal utility over an infinite horizon in the presence of habit persistence. The second group is liquidity constrained and has no access to financial markets for intertemporal income transfers. It thus spends its disposable income entirely on current consumption. Although the examined reforms are estimated to boost aggregate consumption and output immediately after implementation, they have sizeable distributional effects. In particular, liquidity-constrained households may incur transitional losses after a cut in the benefit replacement ratio. Lowering employment and/or price adjustment costs could markedly reduce these short-term costs. A suitable compensation scheme could also reduce the uneven distribution of transitional losses, but at the expense of lower aggregate gains in the long run.
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  • 67
    Language: English
    Pages: 27 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.641
    Keywords: Economics
    Abstract: This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with different profitability, it is found that corporate taxes have a negative effect on productivity at the firm level. The effect is negative across firms of different size and age classes except for the small and young, which may be attributable to the relatively low profitability of small and young firms. The negative effect of corporate taxes is particularly pronounced for firms that are catching up with the technological frontier. In the investment analysis, the results suggest that corporate taxes reduce investment through an increase in the user cost of capital. This may partly explain the negative productivity effects of corporate taxes if new capital goods embody technological change.
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  • 68
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    Paris : OECD Publishing
    Language: English
    Pages: 20 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.635
    Keywords: Economics
    Abstract: This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar. This measure of overall financial conditions includes interest rate spreads for riskier borrowers and a survey measure of the tightness of bank lending standards, which have been the main drivers behind the tightening in financial conditions. Indeed, recent data suggest that the trend deterioration in overall financial conditions has continued into the second half of 2008. The effect of the tightening in overall financial conditions already experienced may subtract 1¾ per cent from GDP over the next four to six quarters. Not only have financial conditions continued to worsen, but much of the impact on the real economy has yet to be felt.
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  • 69
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    Paris : OECD Publishing
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.608
    Keywords: Economics ; Chile
    Abstract: Chile’s labour force participation is low by comparison with most countries in the OECD area, especially among females and youths. In the case of women, labour supply has risen steadily over time for prime-age and older individuals, against a background of relative stability for men. With regards to youths, participation rates are trending down, primarily as a result of rising school enrolment, especially for males, while remaining fairly low and stable over the years for young females. The main policy challenge in this area is to raise female labour supply further, for both prime-age individuals and youths, as a means of making a better use of labour inputs in support of long-term growth. This can be achieved essentially by removing provisions in the labour code that constrain the allocation of working time and by improving access to affordable child care for mothers with young children. Policies aimed at fostering human capital accumulation for the population as a whole would also contribute, because educational attainment is one of the most powerful determinants of labour force participation. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile).
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  • 70
    Language: English
    Pages: 42 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.636
    Keywords: Economics
    Abstract: This paper reviews alternative (national and international) climate change mitigation policy instruments and interactions across them. Carbon taxes, cap-and-trade schemes, standards and technology-support policies (R&D and clean technology deployment) in particular are assessed according to three broad costeffectiveness criteria, their: i) static efficiency, defined to cover not just whether the instrument is costeffective per se but also whether it provides sufficient political incentives for wide adoption; ii) dynamic efficiency, which implies an efficient level of innovation and diffusion of clean technologies in order to lower future abatement costs; iii) ability to cope effectively with climate and economic uncertainties. Multiple market failures and political economy obstacles need to be addressed in order to meet these criteria. In this regard, carbon taxes or cap-and-trade schemes appear to perform better than alternatives. However, their cost-effectivenes can be enhanced through targeted use of other instruments. There is therefore room for climate policy packages.
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  • 71
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    Paris : OECD Publishing
    Language: English
    Pages: 34 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/02
    Keywords: Transport
    Abstract: This paper will trace the development of modern regulation of emissions, both local and global, from motor vehicles. To illuminate the principal themes of this story the focus will be on the experiences of the United States and Europe. Among those themes, three stand out, questions that sooner or later must be considered in the development of any environmental policy. First, the theme of federalism. In every country, governments are constituted at various levels of aggregation, from local to national. Which level of government is the most suitable for attacking a given public problem. If different levels of government can fairly claim to have a role in addressing the problem, how will the various responsibilities be assigned and coordinated? In order to develop an effective and efficient public policy, the governments must have both the right incentives and the capacity to do so. Finding the right level of government to address an environmental problem is a tradeoff between two competing considerations. The government’s jurisdiction must be large enough to “internalize the externalities,” as an economist would say. That is, if either the environmental evil or the policy remedy has effects that extend beyond its borders, then the policy-maker’s incentives will very likely be inappropriate. For example, policies to control emissions of stationary-source air pollutants may not be stringent enough if most of the effects of pollution are experienced in neighboring jurisdictions. At the same time, the level of government must be appropriate to the problem. Smaller, more local units of government are more likely to know the preferences of their citizens, yet less likely to have the expertise and experience to deal effectively with particular problems. The second pervasive theme here is the choice of policy instrument: the specific mechanisms used to achieve the environmental objective. It is common to pose two polar types: direct regulation and economic incentives (EI). Rather than commands or requirements, EI instruments provide penalties or rewards to encourage behavior that will improve environmental quality. Another way of putting the difference is this: With direct regulation, there is a bright line that determines whether behavior will be tolerated. With EI, the relationship between performance and consequences is continuous and gradual. There is no bright line, just steadily increasing rewards for better performance.
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  • 72
    Language: English
    Pages: 33 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.600
    Keywords: Economics ; India
    Abstract: This paper uses the OECD's indicators of product market regulation to assess the extent to which the regulatory environment affects economic performance across Indian states. The degree to which product market regulation is supportive of competition is found to vary considerably across states. Furthermore, regression results indicate that these differences in regulation have a significant impact on both labour and total factor productivity. States in which the regulatory environment restricts competition have lower productivity growth in comparison to states in which regulation is more supportive of competition. Relatively liberal states are also found to attract more foreign investment and have a larger share of employment in the organised sector in comparison to states with a more restrictive regulatory environment. State governments that have enacted a relatively liberal regulatory framework have also been more successful at infrastructure provision. Ongoing reform of product market regulation is necessary to improve productivity growth further and ensure that the benefits of reform are distributed more widely across the country. This working Paper relates to the 2007 Economic Survey of India (www.oecd.org/eco/surveys/india).
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  • 73
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    Paris : OECD Publishing
    Language: English
    Pages: 38 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.640
    Keywords: Economics ; Poland
    Abstract: Following many years of underinvestment, renovating and building new transport infrastructure is an important policy priority that would increase labour mobility and improve Poland’s competitiveness. This goal is all the more feasible given that the country is going to benefit from substantial EU structural and cohesion funds over the programming period 2007-13. On top of the limited timeframe for the absorption of EU funds, the European soccer championship that Poland is going to co-host with Ukraine in 2012 imposes an additional time constraint on many investment projects. The country is heavily reliant on road transport but is lacking an efficient high-speed road network. It needs important renovation investments both in the rolling stock and infrastructure network of the railway sector. It also faces the challenges of revitalising maritime transport as well as extending and upgrading airport facilities to cope with the fastest growing air market in Europe. However, many obstacles remain and hinder the implementation of investment plans and thus need to be resolved rapidly. From the macroeconomic perspective, these are related to rising prices of scarce labour and intermediate inputs, while from the microeconomic standpoint the main difficulties lie in the area of the regulatory framework underlying the provision of physical infrastructure.
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  • 74
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    Paris : OECD Publishing
    Language: English
    Pages: 30 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.653
    Keywords: Economics
    Abstract: This Working Paper presents a summary description of the OECD ENV-Linkages General Equilibrium model. This model has been developed by the Environment Directorate of the OECD Secretariat in order to assess the economic impact of abating Greenhouse Gases using several different economic instruments. The paper is divided into two parts. The first provides a brief description to the structure of the ENV-Linkages model and of its main equations. The second section describes the calibration method, first to fit the model on base year data, and second to dynamically produce a baseline emissions projection.
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  • 75
    Language: English
    Pages: 32 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.593
    Keywords: Economics ; Brazil ; Czech Republic
    Abstract: The bulk of recent literature on foreign-exchange interventions has overlooked the potential interdependencies that may exist between these operations and the conduct of monetary policy. This is the case even under inflation targeting and especially in emerging-market economies, because central banks often explicitly reserve the right to intervene to calm disorderly markets and to accumulate foreign reserves, and when the exchange rate is perceived as out of step with fundamentals. This paper uses a friction model to estimate intervention reaction functions and the associated marginal effects for Brazil and the Czech Republic since adoption of inflation targeting in these countries in 1999 and 1998, respectively. The main findings are that: i) in both countries interventions occur predominantly to reduce exchange-rate volatility, while in Brazil the central bank also reacts to exchange-rate deviations from medium-term trends; ii) there are strong, asymmetric threshold effects in the reaction functions, and interventions are more likely and of higher magnitudes when they are carried out to depreciate than to appreciate the domestic currency; and iii) interventions seem to take place independently of contemporaneous monetary policy in Brazil, but not in the Czech Republic, where both policies appear to be interrelated.
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  • 76
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 20 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/03
    Keywords: Transport
    Abstract: Among economists and policy makers more general, the fuel efficiency standard for cars and the fuel tax have been the subject of extensive debate. The major benefits of stricter fuel efficiency standards and higher fuel taxes are the reduction of Greenhouse gas emissions and the reduced oil dependence. The major costs are the increased production cost, the reduced comfort and the negative impact on mileage related externalities (congestion, accidents) due to the rebound effect. In this contribution we use a wider framework than Harrington (2008), Plotkin (2008) and Raux (2008) to discuss the CO2 1 emission reduction in transport. In section 2 we analyze, for the EU, the effects on welfare and CO2 emissions of pricing all transport activities according to their full social costs. In section 3, we go beyond the transport sector and compare the options to reduce emissions in the transport sector with the possibilities and costs to reduce emissions in other sectors of the economy. In section 4 we take a world view and analyze the impact of two types of international climate negotiations on the emission reduction strategy in the transport sector.
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  • 77
    Language: English
    Pages: 65 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.596
    Keywords: Economics
    Abstract: This working paper investigates the policy determinants of hours worked among employed individuals in OECD countries, focussing on the impact of taxation, working-time regulations, and other labour and product market policies. It explores the factors underlying cross-country differences in hours worked — in line with previous aggregate approaches — while at the same time it looks more closely at labour force heterogeneity — in the vein of microeconomic labour supply models. The paper shows that policies and institutions have a different impact on working hours of men and women. Firstly, while high marginal taxes create a disincentive to work longer hours for women, their impact on hours worked by men is almost insignificant. Secondly, working-time regulations have a significant impact on hours worked by men, and this impact differs across education categories. Thirdly, other labour and product market policies, in particular stringent employment protection of workers on regular contracts and competition-restraining product market policies, have a negative impact on hours worked by men, over and beyond their impact on employment levels.
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  • 78
    Online Resource
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    Paris : OECD Publishing
    Language: English
    Pages: 30 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.609
    Keywords: Economics
    Abstract: This paper presents new estimates of country-specific international transport costs for 21 OECD countries over the period 1973-2005. The methodology is based on direct measures of air, maritime, and road transport costs rather than on cif/fob ratios or other balance of payments data employed in previous studies. Transport costs are calculated as costs per kilogramme for each mode of transport at a bilateral level and then aggregated. Australia and New Zealand are found to have the highest transport costs among the OECD countries considered, followed by Japan. The time trends are sensitive to the choice of deflator, but the results do not show an overall downward trend in transport costs for OECD countries, contrary to conventional wisdom, but consistent with Hummels’ (2007) recent study of global transport costs.
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  • 79
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 48 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.631
    Keywords: Economics ; Canada
    Abstract: The Canadian government has set a high priority on reducing the economic burden of taxation. In a context of fiscal surpluses, it has been: markedly reducing corporate income and capital taxes; providing more personal tax relief especially at lower incomes and above all for saving; and cutting the federal value added tax (GST). While such measures, in particular income and capital tax cuts, reduce the economic damage caused by tax, Canada should go further along this route with significant revenue-neutral reforms to achieve a more efficient tax mix that also retains its redistributive features. Numerous tax preferences to favoured activities, firm types, investments and savings vehicles narrow the tax base and create loopholes, keeping statutory rates higher than otherwise and distorting resource allocation. They should therefore be removed. It would also help to shift the tax mix toward more user fees and indirect taxes – including VAT, environmental levies and property taxes – which do not distort inter-temporal economic choices as income taxes do. Lower corporate and personal income taxes could improve the incentives for capital formation, FDI, innovation, entrepreneurship, labour-force participation, work effort, and the pursuit of higher education. The result would be higher standards of living.
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  • 80
    Language: English
    Pages: 36 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.607
    Keywords: Economics ; Chile
    Abstract: Informality often arises from disincentives associated with high taxes and a restrictive regulatory framework in both labour and product markets. About 20% of the Chilean population aged 15 years and above and working at least 20 hours per week did not have a formal labour contract in 2006. At the same time, nearly 11% of the potential value added tax base is estimated to have been undeclared in 2005. While Chile’s tax system is not particularly burdensome to business formality, there is scope for making product-market regulations less onerous to firms and the labour code more flexible, especially with regards to indefinite contracts and the allocation of working time. Low human capital remains an important obstacle to reducing labour informality. To the extent that informal businesses also hire informally, there is some room for designing policies to tackle business informality in conjunction with those aimed at boosting formal labour contracting. Chile is strengthening its social safety net through the introduction of unemployment insurance and by reforming existing health insurance and pension systems. An important policy question is whether the incentives for formality arising from more comprehensive social protection will be strong enough to compensate for the additional costs these contributory programmes entail. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile).
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  • 81
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264044258
    Language: English
    Pages: Online-Ressource (135 p.)
    Parallel Title: Erscheint auch als The Marshall Plan
    DDC: 338.91/7304
    RVK:
    Keywords: 1947-2007 ; Wirtschaftlicher Wiederaufbau ; Europa ; Economics ; Marshall-Plan
    Abstract: This book examines the historical, diplomatic, economic, and strategic aspects of the European Recovery Program (ERP) - popularly known as the Marshall Plan - which brought Europe out of the chaos, hunger, poverty, desperation, and ashes of World War II. In it, authors from a variety of countries who are scholars, policy makers, and business leaders, address applications of the Marshall Plan’s lessons learned to the 21st century for capacity building, human and sustainable development, and the role of public, private partnerships in emerging market economies and democratic societies. "There are not many of us left who served through the Marshall Plan from its beginning, and fewer still who served time in the Hotel Talleyrand in Paris, the site of the anniversary celebration, in June 2007, of Secretary George C. Marshall’s 1947 commencement address launching the European Recovery Program. There are, though, scholars who can address those times and evaluate them so that the experience can live on. "The dedication of the Hotel de Talleyrand as a memorial to that unique enterprise provided the opportunity; and the analyses and evaluations in this splendid volume, The Marshall Plan: Lessons Learned for the 21st Century, reflect the excitement, as well as the accomplishments, of an economic enterprise that produced the infrastructure of NATO and the European Union. Long live the spirit of Marshall’s vision!" -Thomas C. Schelling, Marshall Plan alumnus, Washington, Copenhagen, Paris, Washington, ’48-‘53, Nobel Prize in Economics 2005 "A historical event is and remains crucial when it interacts with others in such a way as to contribute to a deep and positive change in the course of history. In this sense, the Marshall Plan made an outstanding and lasting contribution. It was instrumental to overcoming the temptation of isolationism in the US, to reviving our badly needed economic recovery and gave a decisive input to coordinating our national efforts, thus paving the way to our future European integration." When I think of the world as it would have been without the Marshall Plan, I am encouraged to conclude that even in our challenging times, another, better world is possible. This collection of well written contributions and analyses, The Marshall Plan: Lessons Learned for the 21st Century , further strengthens my convictions. -Giuliano Amato, Former Prime Minister, ItalyFormer Vice President, European Constitutional Assembly
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  • 82
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264049642
    Language: English
    Pages: Online-Ressource (324 p.) , ill.
    Series Statement: OECD Territorial Reviews
    Parallel Title: Erscheint auch als Cape Town, South Africa
    DDC: 338.9687355
    Keywords: Stadtwachstum ; Stadtentwicklung ; Kapstadt ; Governance ; Urban, Rural and Regional Development ; South Africa ; Südafrika ; Kapstadt ; Stadtentwicklung
    Abstract: The Cape Town city-region, which is the second-largest area in South Africa (4 million inhabitants), reflects the national challenge of creating new economic opportunities while correcting past inequities. Since the end of the apartheid system, Cape Town has benefited from macroeconomic stabilisation and has outpaced the national average growth rate. It has both modernised its traditional strengths in port logistics and developed innovative sectors in tourism, agro-food processing, viticulture, financial and business services. However, 22% of the population is unemployed and 38% of residents live below the poverty line. This report identifies the key missing collective goods that could both create externalities for firms and foster a more equitable distribution. It provides a platform for the development of a forward-looking, cross-cutting regional development strategy and proposes new "second generation" governance reforms to consolidate previous achievements and respond to emerging obstacles.
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  • 83
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264038080
    Language: English
    Pages: Online-Ressource (268 p.) , ill.
    Series Statement: OECD Territorial Reviews
    Parallel Title: Parallelausg. Examens territoriaux de l'OCDE ; Norvège 2007
    Parallel Title: Parallelausg. Examens territoriaux de l'OCDE : Norvège 2007
    Parallel Title: Erscheint auch als Norway
    Keywords: Regionales Wachstum ; Regionalpolitik ; Norwegen ; Governance ; Urban, Rural and Regional Development ; Norway ; Norwegen ; Regionalpolitik
    Abstract: Few other countries feature the combination of very low population densities and difficult topography that hinders communication, in addition to a variety of contrasting climates. But the “Nordic welfare model” strives, with a good degree of success, to offer equal living conditions to all citizens by providing proper access to quality public services across the country. This comes, however, at great cost. This publication asks whether such a model can be sustainable in the long run, when population ageing and the reduction of petroleum reserves will reduce the leeway that the rapidly growing economy offers. It examines whether competitiveness and innovation could be further developed, given the high share of resource-based and traditional activities and whether urban policy could be better integrated into regional policy so as to better harness the energy of regional growth engines in different areas of the country, including the northern most parts. Lastly, it looks at whether impending regional reform could facilitate the necessary adaptations by transferring more power to regional councils.
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  • 84
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264047952
    Language: German
    Pages: Online-Ressource (170 p.) , ill.
    Series Statement: OECD Insights
    Parallel Title: Parallelausg. Human Capital; How what you know shapes your life
    Parallel Title: Parallelausg. Le capital humain ; Comment le savoir détermine notre vie
    Parallel Title: Parallelausg. Capital humano ; Cómo influye en su vida lo que usted sabe
    Parallel Title: Parallelausg. Human Capital; How what you know shapes your life (Croatian version)
    Parallel Title: Parallelausg. Human Capital: How what you know shapes your life
    Parallel Title: Parallelausg. Le capital humain : Comment le savoir détermine notre vie
    Parallel Title: Parallelausg. Capital humano : Cómo influye en su vida lo que usted sabe
    Parallel Title: Parallelausg. Human Capital: How what you know shapes your life (Croatian version)
    Keywords: Education ; Social Issues/Migration/Health ; Economics
    Abstract: Welche Auswirkungen haben Bildung und Lernen auf unsere Gesellschaften und Volkswirtschaften? Wie lassen sich Ungleichheiten in der Bildung beseitigen? Und wie können wir gewährleisten, dass jeder Einzelne in allen Lebensphasen die Art von Lernmöglichkeit erhält, die ihm den größtmöglichen Nutzen bringt und durch die er sein Humankapital voll entfalten kann? Dieser Bericht erläutert die zunehmende Bedeutung des Humankapitals für den Einzelnen und für die Gesellschaft bei der Bewältigung des sozialen und wirtschaftlichen Wandels. Ferner wird untersucht, inwiefern es den Ländern gelingt, die Menschen Zeit ihres Lebens durch die Bereitstellung von Aus- und Weiterbildungsangeboten zu unterstützen.
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  • 85
    Language: English
    Pages: 34 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.642
    Keywords: Economics
    Abstract: Frequent recourse to large one-off operations in a number of OECD countries has undermined the accuracy of cyclically adjusted fiscal balances as a measure of both the sustainability of public finance and the fiscal stance. This paper first provides detailed information on the nature and amount of these one-offs for 9 OECD countries. The paper then presents a new indicator – the “underlying” fiscal balance – which effectively eliminates the impact of one-offs and cyclical developments. One-offs are derived as the deviations from trend in net capital transfers, i.e. from widely available national account data. This approach provides a consistent treatment of one-offs both across countries and over time, avoiding the potential information biases which could result from an individual identification of one-offs.
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  • 86
    Online Resource
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    Paris : OECD Publishing
    Language: English
    Pages: 47 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.626
    Keywords: Economics
    Abstract: This paper presents a new set of institutional indicators that assess how sub-central governments harness market mechanisms such as tendering, outsourcing, user choice and competition, user fees and output-related funding when providing public services. Services put under scrutiny comprise primary, secondary and tertiary education, hospital care, childcare and elderly care, public transport, and waste collection. Results indicate that governments are often reluctant to apply market mechanisms when providing public services. “Technical” services such as transport or waste collection are more open to market mechanisms than “social” services like education or health care. Regulatory innovations such as tendering, competition or user choice are more advanced than financial innovations like user fees or output-related funding for service providers.
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  • 87
    ISBN: 9789264008977
    Language: English
    Pages: Online-Ressource (146 p.) , ill.
    Series Statement: OECD Territorial Reviews
    Parallel Title: Parallelausg. OECD Territorial Reviews Portugal; (Portuguese version)
    Parallel Title: Parallelausg. OECD Territorial Reviews Portugal: (Portuguese version)
    Keywords: Governance ; Urban, Rural and Regional Development ; Portugal
    Abstract: In order to curb rising unemployment and to upgrade low value-added activities, the competitive edge lost in low-cost labour must be earned back through education and innovation. Regional policy stands as a key tool to achieve this shift in a relatively small yet diverse country with moderate economic growth and limited public spending capacity. This report analyses how a paradigm shift in regional policy, building on the knowledge of both public and private stakeholders in specific regions (ranging from dynamic urban areas on the coast to lagging inland areas), could help Portugal fully exploit its potential for sustainable development.
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  • 88
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.644
    Keywords: Economics
    Abstract: This paper uses “extreme-bound”-type analysis to revisit the determinants behind widely differing economic growth in Russian regions. Using data of 77 regions for 1993-2004, it separately examines the growth drivers for the phase of economic decline up to 1998, and for the period of strong growth afterwards. Looking at forty variables considered to be potentially related to growth, it determines, for each of the two periods, the ones robustly associated with Russian economic performance. Among the variables considered are proxies of politico-institutional features, indicators of economic reform, and measurements of both economic and non-economic initial conditions. The main findings, based on close to one million regressions, are as follows: during the period of economic decline up to 1998, differences in Russian regional growth were almost entirely driven by initial conditions, with resource and human capital endowments, industrial structure, and geographical location playing the dominant roles. However, since the 1998 crisis, the importance of initial conditions has declined significantly, and is now basically reduced to hydrocarbon wealth and advantageous geographical location. More reform-oriented policies, as well as better regional leadership are found to have come to make a significant difference. These results point to determinants of economic performance in periods of actual economic decline being quite different from those in “normal” times of economic growth.
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  • 89
    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.601
    Keywords: Economics ; Poland
    Abstract: The supply-side framework and related measures of output and unemployment gaps play a leading role in the OECD analysis of short-term conjunctural conditions and long-term determinants of growth. To allow such diagnoses for Poland, this paper develops a comprehensive supply block in accordance with the OECD approach. The structural unemployment rate is derived from a Phillips-curve equation and, along with working age population, is combined with filter-based estimates of trend labour productivity, participation rates and hours worked per employee to generate measures of potential output. The performance of the model in capturing price pressures underlying the growth trajectory of the Polish economy is assessed, and measures of cyclically-adjusted general government net lending are provided. Based on the OECD autumn 2007 projections for 2008 and 2009, out-of-sample simulations derived from the Phillips-curve model suggest that CPI inflation is likely to continue to trend upward, exceeding the central bank?s inflation target by a wide margin.
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  • 90
    Language: English
    Pages: 56 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.602
    Keywords: Economics
    Abstract: This paper examines how much of the dispersion in economic performance across OECD countries can be accounted for by economic geography factors. More specifically, two aspects of economic geography are examined, namely the proximity to areas of dense economic activity and endowments in natural resources. To do so, various indicators of distance to markets, transportation costs, and dependence on natural resources are added as determinants in an augmented Solow model, which serves as a benchmark. Three measures of distance to markets are found to have a statistically significant effect on GDP per capita: the sum of bilateral distances, market potential and the weighted sum of market access and supplier access. And the estimated economic impact is far from negligible. The reduced access to markets relative to the OECD average could contribute negatively to GDP per capita by as much as 10% in Australia and New Zealand. Conversely, a favourable impact of around 6-7% of GDP is found in the case of two centrally-located countries: Belgium and the Netherlands. Endowments in natural resources are also found to have a significant positive effect on GDP per capita, suggesting that OECD countries have, on average, escaped the natural resource curse or severe forms of the Dutch disease. The paper provides also some tentative evidence that spending on R&D and human capital might have a stronger effect on GDP per capita in countries with a higher degree of urban concentration.
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  • 91
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 46 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.595
    Keywords: Economics ; India
    Abstract: This paper examines varies areas of India´s fiscal policy, in particular fiscal discipline, the structure of government spending, the tax system and fiscal federalism. It describes reforms over the past decades which, as part of the overall economic reform agenda, helped lifting the Indian economy to a higher growth path. It also discusses where further reforms are desirable to further reduce economic distortions and improve the provision of public services. It finds that after high fiscal deficits have often been recorded during the past two decades, after the adoption of the Fiscal Responsibility and Budget Management Act in 2003, fiscal discipline has significantly improved. As to government spending, it argues that, given the large share which is used to subsidise commercial undertakings, agriculture and food distribution, there is much room to improve the quality of spending and to target it better to improving infrastructure and reducing poverty. It describes the tax system which has undergone major reforms since the early 1990s. Nonetheless, there are still many exemptions and loopholes which suggest that a broadening of the tax bases would allow further reductions in tax rates and make the system simpler, fairer and more efficient. The paper also suggests that reforms of indirect taxes should focus on creating a common market within India so that goods can move between states without border controls. Finally, on fiscal federalism it finds that India's federal structure has led to a well-developed system of tax-sharing and transfers, both through constitutionally empowered bodies and delivered through the annual budget. While overall, India´s fiscal federalism has worked well moving resources towards the poorest states, it has become very complex and there are still some features which weaken fiscal discipline of the states. Furthermore, a major drawback is the lack of an effective local government system, most notably in rural areas and strengthening the local level would be important for improving accountability and responsiveness to citizens’ needs as three-quarters of the population live in states with over 50 million inhabitants.
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  • 92
    Language: English
    Pages: 40 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.606
    Keywords: Economics ; Chile
    Abstract: The Chilean authorities plan to raise budgetary allocations over the medium term for a variety of social programmes, including education, health care and housing. This incremental spending will need to be carried out in a cost-efficient manner to make sure that it yields commensurate improvements in social outcomes. Chile’s health indicators show that it fares relatively well in relation to comparator countries in the OECD area and in Latin America. But this is less so in the case of education, where secondary and tertiary educational attainment remain low, despite a significant increase over the years, and performance is poor on the basis of standardised test scores, such as PISA. Even though comparison with countries in the OECD area is difficult, a sizeable housing deficit has yet to be closed in Chile. To meet these various challenges, efforts will need to be stepped up to: i) narrow the disparities in performance that currently exist among schools with students from varying backgrounds through use of the “differentiated” voucher scheme and additional measures to improve the quality of teaching and management; ii) improve risk sharing among private and public health insurers, while increasing the coverage of health insurance to a broader variety of pathologies under AUGE; and iii) continue to tackle the shortage of housing, while enhancing the quality of subsidised housing units and their surrounding neighbourhoods for the poorest segments of society. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile).
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  • 93
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 33 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.629
    Keywords: Economics ; Canada
    Abstract: The agricultural sector in Canada is relatively large, compared to those in most other G7 countries. In recent years, the federal and provincial governments have undertaken a number of sectoral reforms to meet the competitiveness and environmental challenges that it faces. The federal government has tried to end a marketing monopoly in the barley market and may do so for wheat as well. The next generation of agriculture and agri-food policy is being finalised, and implementation of the first part of a new framework, Growing Forward, has begun. But a steady stream of ad hoc programmes in recent years has had significant budgetary costs and no doubt created moral hazard among farmers. There is scope for further liberalisation in supply-managed sectors, which are heavily protected and subsidised by consumers. Moreover, Canada’s bio-energy production, in particular the production of second-generation bio-ethanol (from cellulose), is under pressure in light of less costly bio-energy production overseas. Against this background, governments are striving to ensure the long-term viability of the sector. This Working Paper relates to the 2008 OECD Economic Survey of Canada (www.oecd.org/eco/surveys/canada).
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  • 94
    Language: English
    Pages: 75 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.627
    Keywords: Economics
    Abstract: This paper aims to shed light on the contribution of health care and other determinants to the health status of the population and to provide evidence on whether or not health care resources are producing similar value for money across OECD countries. First, it discusses the pros and cons of various indicators of the health status, concluding that mortality and longevity indicators have some drawbacks but remain the best available proxies. Second, it suggests that changes in health care spending, lifestyle factors (smoking and alcohol consumption as well as diet), education, pollution and income have been important factors behind improvements in health status. Third, it derives estimates of countries’ relative performance in transforming health care resources into longevity from two different methods – panel data regressions and data envelopment analysis – which give remarkably consistent results. The empirical estimates suggest that potential efficiency gains might be large enough to raise life expectancy at birth by almost three years on average for OECD countries, while a 10% increase in total health spending would increase life expectancy by three to four months.
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  • 95
    Language: English
    Pages: 33 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2008/05
    Keywords: Transport
    Abstract: The transport sector’s demand for oil is less price sensitive than any other part of the economy. This is partly because demand for transport services is relatively insensitive to price and partly because substitutes for oil in road transport are currently far from cost-effective. Evidence from the USA suggests that as incomes rise, transport sector oil demand becomes even less price sensitive. This implies that oil consumption is set to become increasingly concentrated in the transport sector. It also implies that relatively limited fluctuations in demand can have increasingly significant effects on oil prices.
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  • 96
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.623
    Keywords: Economics ; India
    Abstract: India’s growth performance has improved significantly over the past 20 years, but has been uneven across industries and states. While some service industries, notably in the information and communications technology sector, have become highly competitive in world markets – yielding considerable gains for employees and investors – manufacturing industries have lagged and improved their performance only recently. A divergence in performance has taken place, with firms in those states and sectors with the best institutions gaining, and those in the more tightly regulated states and sectors falling further behind. As a result, the competitive landscape is uneven across sectors and states and a high degree of concentration continues to prevail in different industries. While this is partly the result of the legacy of licensing, change has been politically difficult, making it harder for the manufacturing sector than for the service sector to expand. The need for further institutional reforms is urgent, focusing on product and labour market regulations at the central and state levels. This working Paper relates to the 2007 Economic Survey of India (www.oecd.org/eco/surveys/india).
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  • 97
    Online Resource
    Online Resource
    Paris : OECD Publishing
    ISBN: 9789264046313
    Language: English
    Pages: Online-Ressource (250 p.)
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Staying competitive in the global economy
    DDC: 338.88
    RVK:
    Keywords: Globalisierung ; Internationale Produktion ; Betriebliche Wertschöpfung ; OECD-Staaten ; Competition, International ; Globalization ; International economic relations ; International trade ; Employment ; Industry and Services ; Globalisierung ; Internationaler Wettbewerb ; Weltwirtschaft ; OECD ; Globalisierung ; Wertschöpfungskette ; Weltwirtschaft ; Wettbewerbsfähigkeit
    Abstract: Global value chains are radically altering how goods and services are produced. Parts made in one country, for instance, are increasingly assembled in another and sold in a third. The globalisation of production has changed the industrial structure within OECD countries, and in some sectors blunted their competitiveness. Another major consequence has been fears of job losses. This volume is a compilation of the studies that underlie the synthesis report on global value chains, entitled Staying Competitive in the Global Economy: Moving Up the Value Chain. It includes papers on the measurement of globalisation, SMEs in global value chains, the changing nature of manufacturing, impact of international sourcing, foreign affiliates, offshoring and productivity, and the internationalisation of R&D.
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  • 98
    ISBN: 9781349588022
    Language: English
    Pages: Online-Ressource (eReference, online resource)
    Edition: Second edition
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer eBook Collection
    Series Statement: Humanities, Social Sciences and Law
    Parallel Title: Erscheint auch als The new Palgrave dictionary of economics
    Keywords: Wirtschaftswissenschaft ; Wirtschaftstheorie ; Management science ; Business mathematics ; Economics ; Law ; Wörterbuch ; Volkswirtschaftslehre
    Abstract: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product
    URL: Volltext  (lizenzpflichtig)
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  • 99
    Online Resource
    Online Resource
    London : Palgrave Macmillan
    ISBN: 9780230227330
    Language: English
    Pages: Online-Ressource (XIX, 210 p, online resource)
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer eBook Collection
    Series Statement: Palgrave Economics & Finance Collection
    Series Statement: Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
    Parallel Title: Erscheint auch als
    Parallel Title: Printed edition
    Keywords: Auslandsinvestition ; Japan ; Asien ; Economics ; Investments, Japanese ; Investments, Foreign ; International economics ; Development economics ; Asia Economic conditions ; Japan ; Direktinvestition ; Asien ; Japan ; Direktinvestition ; Asien ; Japan ; Direktinvestition ; Asien
    Abstract: The world is seeing a shift in economic power from west to east. Japanese FDI differs from the American example, and this will become crucial. This book tracks trends in Japanese FDI to other Asian countries, suggests future policies, analyzes methodological aspects, and provides an overview of Japanese FDI
    Description / Table of Contents: Cover; Contents; List of Figures; List of Tables; List of Abbreviations; Preface; About the Book; Acknowledgements; 1 Introduction; 2 Japanese FDI Outflows; 3 Japanese Investors' Perceptions of Location Advantages; 4 Japanese Domestic Companies' Perception for Investment Abroad; 5 Determinants of Japanese FDI Flows; 6 Conclusions; End Notes; Technical Annex; References; Index
    Description / Table of Contents: Cover; Contents; List of Figures; List of Tables; List of Abbreviations; Preface; About the Book; Acknowledgements; 1 Introduction; 2 Japanese FDI Outflows; 3 Japanese Investors' Perceptions of Location Advantages; 4 Japanese Domestic Companies' Perception for Investment Abroad; 5 Determinants of Japanese FDI Flows; 6 Conclusions; End Notes; Technical Annex; References; Index
    Note: Includes bibliographical references (p. 181-195) and index
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 100
    Online Resource
    Online Resource
    London : Palgrave Macmillan
    ISBN: 9780230227521
    Language: English
    Pages: Online-Ressource (IX, 268 p, online resource)
    Series Statement: Great Thinkers in Economics
    Series Statement: Great Thinkers in Economics Series
    Series Statement: SpringerLink
    Series Statement: Bücher
    Series Statement: Springer eBook Collection
    Series Statement: Palgrave Economics & Finance Collection
    Series Statement: Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013
    Parallel Title: Erscheint auch als
    Parallel Title: Printed edition
    Keywords: Robertson, Dennis Holme ; Robertson, Dennis Holme ; Ökonomen ; Ökonomische Ideengeschichte ; Großbritannien ; Economics ; Economists Biography ; Economics History 20th century ; Economic history ; Economic theory ; Macroeconomics ; Biographie ; Biografie ; Robertson, Dennis Holme 1890-1963 ; Robertson, Dennis Holme 1890-1963
    Abstract: This book provides a comprehensive overview of Robertson's life and work. Uncovering the sources of Robertson's inspiration and ideas and the all-important causal relationship between the man and his work, this fascinating account is a must-read for all interested in rediscovering this great economist
    Description / Table of Contents: Cover; Contents; Preface; List of Abbreviations; 1 Dennis Robertson: The Economics and the Man; 2 The Early Years: Lessons for Life; 3 Cambridge Undergraduate: The Light and the Dark; 4 Varieties of Escape: 1, Economist and Soldier; 5 The Economics of Social Improvement; 6 A Theory of the Trade Cycle; 7 The Anatomy of the Study; 8 Welfare in Relation to Cycles and Growth; 9 The 1920s: Making a Reputation; 10 The Characteristics of a Style; 11 Money in a Theory of the Cycle; 12 An Odd Little Book; 13 Banking Policy in the Cycle; 14 An Ideal Banking Policy
    Description / Table of Contents: 15 Varieties of Escape: 2, Traveller and Professional Actor16 The 1930s: Robertsonian Theory and Policy in the Decade of Keynes; 17 Robertson and Keynes: Parallels and Differences; 18 Keynesian Revolution and Robertsonian Dissent; 19 A Resolution of the Controversy; 20 The LSE and the Treasury; 21 Professor at Cambridge: 1, Faculty Politics, Public Service and Lecturing; 22 Professor at Cambridge: 2, Public Addresses, Querulous Dissent and Scenes from College Life; 23 A Question of Legacy; Bibliography; Index
    Description / Table of Contents: Cover; Contents; Preface; List of Abbreviations; 1 Dennis Robertson: The Economics and the Man; 2 The Early Years: Lessons for Life; 3 Cambridge Undergraduate: The Light and the Dark; 4 Varieties of Escape: 1, Economist and Soldier; 5 The Economics of Social Improvement; 6 A Theory of the Trade Cycle; 7 The Anatomy of the Study; 8 Welfare in Relation to Cycles and Growth; 9 The 1920s: Making a Reputation; 10 The Characteristics of a Style; 11 Money in a Theory of the Cycle; 12 An Odd Little Book; 13 Banking Policy in the Cycle; 14 An Ideal Banking Policy
    Description / Table of Contents: 15 Varieties of Escape: 2, Traveller and Professional Actor16 The 1930s: Robertsonian Theory and Policy in the Decade of Keynes; 17 Robertson and Keynes: Parallels and Differences; 18 Keynesian Revolution and Robertsonian Dissent; 19 A Resolution of the Controversy; 20 The LSE and the Treasury; 21 Professor at Cambridge: 1, Faculty Politics, Public Service and Lecturing; 22 Professor at Cambridge: 2, Public Addresses, Querulous Dissent and Scenes from College Life; 23 A Question of Legacy; Bibliography; Index
    Note: Includes bibliographical references (p. 247-258) and index
    URL: Volltext  (Deutschlandweit zugänglich)
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