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  • MPI Ethno. Forsch.  (1,121)
  • 2010-2014  (1,121)
  • 1975-1979
  • 1965-1969
  • Arbeitspapier  (1,121)
Datasource
Material
Language
Years
Year
Author, Corporation
Publisher
Keywords
  • 1
    Journal/Serial
    Journal/Serial
    Working papers / African Studies Centrum (from 1980-)
    Leiden ; Nr. 1.1980 -
    Details
    ISSN: 0924-3534
    Language: English
    Dates of Publication: Nr. 1.1980 -
    Former Title: Working paper
    Former Title: ASC working papers
    DDC: 320
    Keywords: Arbeitspapier ; Graue Literatur ; Monografische Reihe
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    MPI Ethno. Forsch.
  • 2
    Journal/Serial
    Journal/Serial
    Trends in Southeast Asia (from 1999-)
    Singapore : ISEAS Publ. | Singapore ; Nachgewiesen 1999 -
    Details
    ISSN: 0219-3213
    Language: Undetermined
    Dates of Publication: Nachgewiesen 1999 -
    Parallel Title: Erscheint auch als Trends in Southeast Asian Studies
    Former Title: Trends in Southeast Asia series
    DDC: 910
    Keywords: Arbeitspapier ; Graue Literatur ; Monografische Reihe
    Note: Herausgebendes Organ bis Juli 2015: Institute of Southeast Asian Studies
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    MPI Ethno. Forsch.
  • 3
    Journal/Serial
    Journal/Serial
    Diskussionspapiere / Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft, Fachgebiet Volkswirtschaft des Vorderen Orients (from 1990-2019)
    Berlin : Klaus Schwarz Verlag | Berlin : Freie Univ., Fachgebiet Volkswirtschaft des Vorderen Orients | Berlin : Das Arabische Buch ; Nr. 1.1990 -117
    Details
    ISSN: 0942-3052 , 0942-3052 , 0942-3052
    Language: German , English
    Pages: 30 cm
    Dates of Publication: Nr. 1.1990 -117
    Parallel Title: Elektronische Reproduktion Diskussionspapiere
    Subsequent Title: Fortgesetzt durch Diskussionspapiere - Wirtschaft, Gesellschaft und Geographie im Vorderen Orient
    DDC: 330
    Keywords: Arbeitspapier ; Graue Literatur ; Monografische Reihe
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    MPI Ethno. Forsch.
  • 4
    Online Resource
    Online Resource
    Dividing the pie in Brazil : income distribution, social policies and the new middle class (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1105
    Keywords: Wohlfahrtsanalyse ; Einkommensverteilung ; Lohn ; Gesundheitsversorgung ; Rentenpolitik ; Steuerpolitik ; Bildungspolitik ; Öffentliche Sozialleistungen ; Brasilien ; Social Issues/Migration/Health ; Economics ; Brazil ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Brazil has made remarkable progress in reducing poverty and inequality. This reduction is explained by strong growth but also by effective social policies. Besides growth, public services and cash transfers have played the biggest role, the latter notably through the successful “Bolsa Familia” programme. Among public services, improved access to education has played a major role, allowing more Brazilians to move into better-paid jobs. However, shortages in physical school infrastructure are limiting the hours of instruction that students receive. The high drop-out rate needs to be reduced through early interventions such as expanding early-childhood education, by reducing grade-repetition and through more tailored support for those at risk. The quality of teaching could also be raised through more in-service teacher training and stronger performance incentives for teachers. Performance of public services devoted to health and transports has been mixed. Public health services are widely available but suffer from underfunding and training places for medical staff need to be expanded. The public urban transport system suffers from a shortage of investment which is urgently needed to upgrade capacity. Regarding cash transfers, the success of “Bolsa Familia” and new programmes put in place under the umbrella of the “Brasil sem Miseria” programme is remarkable but transfer payments remain too heavily focused on pension benefits. Giving more priority to “Bolsa Familia” and “Brasil sem Miseria” while limiting the real growth of pension expenditures in the future would improve the effectiveness of social expenditures for reducing poverty and inequality. This Working Paper relates to the 2013 OECD Economic Survey of Brazil (www.oecd.org/eco/surveys/brazil).
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jzb6w1rt99p-en
    URL: Volltext
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  • 5
    Online Resource
    Online Resource
    Migration as an adjustment mechanism in the crisis? : a comparison of Europe and the United States (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (37 S.) , graph. Darst., Kt.
    Series Statement: OECD social, employment and migration working papers 155
    Keywords: Arbeitsmarktpolitik ; Wirtschaftskrise ; Arbeitsmigranten ; Eurozone ; Europa ; USA ; Social Issues/Migration/Health ; United States ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The question of whether migration can be an equilibrating force in the labour market is an important criterion for an optimal currency area. It is of particular interest currently in the context of high and rising levels of labour market disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and the United States, and their association with asymmetric labour market shocks. We find that recent migration flows have reacted quite significantly to the EU enlargements in 2004 and 2007 and to changes in labour market conditions, particularly in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is tentative evidence that the migration response to the crisis has been considerable in Europe, in contrast to the United States where the crisis and subsequent sluggish recovery were not accompanied by greater interregional labour mobility in reaction to labour market shocks. Our estimates suggest that, if all measured population changes in Europe were due to migration for employment purposes – i.e. an upper-bound estimate – up to about a quarter of the asymmetric labour market shock would be absorbed by migration within a year. However, in the Eurozone the reaction mainly stems from migration of third-country nationals. Even within the group of Eurozone nationals, a significant part of the free mobility stems from immigrants from third countries who have taken on the nationality of their Eurozone host country.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jzb8p51gvhl-en
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  • 6
    Online Resource
    Online Resource
    Pricing and competition in specialist medical services : an overview for South Africa (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (62 S.) , graph. Darst.
    Series Statement: OECD health working papers 70
    Keywords: Gesundheitskosten ; Ärzte ; Preismanagement ; Krankenhaus ; Privatwirtschaft ; Wettbewerbspolitik ; Vergleich ; OECD-Staaten ; Südafrika ; Social Issues/Migration/Health ; South Africa ; Arbeitspapier ; Graue Literatur
    Abstract: Major disparities in the cost of health care have made the pricing of specialist and hospital services a contentious issue in South Africa, particularly in the private sector. To help inform policy debate, this paper profiles selected experiences on the pricing of health services, competition policy and models of buying specialist health care services from the private sector across the OECD. Firstly, South Africa is compared to OECD countries to identify countries where voluntary private health insurance – the major source of financing for private hospitals – plays a similar role. Second, this paper provides an overview of price setting across OECD health care systems. It then covers the economic rationale and the institutional arrangements which OECD countries have established to set prices, before moving to an overview of competition policy considerations surrounding these arrangements. Finally, the paper highlights a few models of buying services from the private sector for public patients, with a particular focus on Mexico and Turkey. It is argued that South Africa should separate the task of establishing a schedule of medical services from negotiations over overall payments to medical professionals.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz2lpxcrhd5-en
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  • 7
    Online Resource
    Online Resource
    Environmental policies and risk finance in the green sector : cross-country evidence (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (42 S.) , graph. Darst.
    Series Statement: OECD science, technology and industry working papers 2014/01
    Series Statement: OECD science, technology and industry working papers
    Keywords: 2005 - 2010 ; Öko-Produkt ; Risikokapital ; Umweltpolitik ; Vergleich ; OECD-Staaten ; BRICS-Staaten ; Environment ; Finance and Investment ; Science and Technology ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Start-up firms play a crucial role in bringing to the market the innovations needed to move to a greener growth path. Risk finance is essential for allowing new ventures to commercialise new ideas and grow, especially in emerging sectors. Still, very little is known about the drivers and the characteristics of risk finance in the green sector. This paper aims to fill this gap by providing a detailed description of risk finance in the green sector across 29 OECD and BRIICS countries over the period 2005-2010 and identifying the role that policies might have in shaping high-growth investments in this sector. Results are drawn from a comprehensive deal-level database of businesses seeking financing in the green industry combined with indicators of renewable policies and government R&D expenditures. The results suggest that both supply-side policies and environmental deployment policies, designed with a long-term perspective of creating a market for environmental technologies, are associated with higher levels of risk finance relative to more short-term fiscal policies, such as tax incentives and rebates. In addition, when focusing on renewable energy generation, the results confirm the positive association of generous feed-in tariffs (FITs) with risk-finance investment. However in the solar sector excessively generous FITs tend to discourage investment.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz6wn918j37-en
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  • 8
    Online Resource
    Online Resource
    Growth policies and macroeconomic stability (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (30 S.) , graph. Darst.
    Series Statement: OECD economic policy papers 8
    Keywords: Wirtschaftswachstum ; Wirtschaftspolitik ; Konjunktur ; Volatilität ; Schock ; OECD-Staaten ; Economics ; Arbeitspapier ; Graue Literatur
    Abstract: Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks. Against this background, this paper looks at a vast array of policy recommendations by the OECD that promote longterm growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz8t849335d-en
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  • 9
    Online Resource
    Online Resource
    Personal tax treatment of company cars and commuting expenses : estimating the fiscal and environmental costs (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (70 S.) , graph. Darst.
    Series Statement: OECD taxation working papers 20
    Keywords: 2012 ; Fahrzeugflotte ; Pendelverkehr ; Geldwerter Vorteil ; Einkommensteuer ; Umweltbelastung ; OECD-Staaten ; Environment ; Taxation ; Transport ; Arbeitspapier ; Graue Literatur
    Abstract: Company cars form a large proportion of the car fleet in many OECD countries and are also influential in determining the composition of the wider vehicle fleet. When employees provided with a company car use that car for personal purposes, personal income tax rules value the benefit in a number of different ways. How accurate these rules are in valuing the benefit has important implications for tax revenue, the environment and other social impacts such as congestion. This paper outlines the tax treatment of company cars and commuting expenses in 27 OECD countries and one partner country. It compares these tax settings with a stylised “benchmark” tax treatment that estimates the full value of the benefit received by employees with company vehicles. The paper demonstrates that the estimated tax expenditures associated with company car taxation in these countries in 2012 can be quite considerable. Significantly, from an environmental perspective, in most countries employees faced no additional increase in tax payable in response to an increase in the assumption of distance driven.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz14cg1s7vl-en
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  • 10
    Online Resource
    Online Resource
    Assessing polycentric urban systems in the OECD : country, regional and metropolitan perspectives (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (20 S.) , graph. Darst., Kt.
    Series Statement: OECD regional development working papers 2014/01
    Keywords: Ballungsraum ; Regionalverwaltung ; Dezentralisierung ; Raumstruktur ; OECD-Staaten ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: Contemporary urban systems in OECD countries are structured around functional regions, which often overcome established city boundaries. Reading space in terms of functional regions allows assessing changes in urban hierarchies and spatial structures, including the polycentricity of urban systems at national, regional and metropolitan scale. By using a harmonised definition of functional urban areas in OECD countries, this paper first provides a sound definition of polycentricity at each spatial scale, highlighting for each of them the different links with policy. Second, it provides measures of polycentricity and explores the economic implications of different spatial structures. Results show that relatively more monocentric regions have higher GDP per capita than their more polycentric counterparts. At country level, on the other hand, polycentricity is associated with higher GDP per capita.
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    DOI: 10.1787/5jz5mpdkmvnr-en
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  • 11
    Online Resource
    Online Resource
    A sub-national perspective on financing investment for Growth II : creating fiscal space for public investment ; the role of institutions (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/06
    Keywords: Öffentlicher Haushalt ; Teilstaat ; Öffentliche Investition ; Öffentliche Dienstleistung ; Institutionenökonomik ; Finanzbeziehungen ; OECD-Staaten ; Governance ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: Sub-national governments (SNGs) are key players for public investment in OECD countries, responsible for nearly two-thirds of it. At the same time, both the well-being of the population and economic performance depend on an adequate provision of public services, which require public facilities and thus public investment. Ensuring that sub-national governments command the resources for necessary public investment is hence important. While in the immediate, the fiscal space of a SNG for public investment is basically determined by its current fiscal capacities, in a longer-term perspective the evolution of fiscal space comes to depend increasingly on the institutional context. This includes the national framework of fiscal relations across levels of government, the nature and characteristics of SNGs’ revenue sources and spending responsibilities, SNGs resilience to crises, and their structural ability to borrow. This paper explores the institutional ability of SNGs to influence their fiscal space for public investment. In this context, it also analyses the main challenges to be faced by SNG finances in the decades to come, as well as recent reforms implemented by SNGs to tackle these specific issues.
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    DOI: 10.1787/5jz3zvxc53bt-en
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  • 12
    Online Resource
    Online Resource
    Short-term indicator models for quarterly GDP growth in the BRIICS : a small-scale bridge model approach (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (32 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1109
    Keywords: Wirtschaftswachstum ; Prognoseverfahren ; Wirtschaftsindikator ; BRICS-Staaten ; Indonesien ; G7-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper extends the OECD Economics Department’s suite of short-term indicator models for quarterly GDP growth, which currently cover only the G7 countries, to the BRIICS countries. Reflecting the relative scarcity of high-quality macroeconomic time series, the paper adopts a small-scale bridge model approach. The results suggest that in terms of short-term forecast accuracy for the first and second quarter following the most recent GDP release these models outperform simple autoregressive or constant growth benchmarks. The small-scale indicator models would have allowed the identification of the growth slowdown during the global crisis of 2008-09 and the subsequent rebound several months ahead of official GDP releases. Overall, forecast accuracy appears to be similar to that of the existing indicator model suite for the G7 countries, especially once the higher GDP growth volatility in most BRIICS is accounted for.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz5t6b77rg4-en
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  • 13
    Online Resource
    Online Resource
    Economic policies and microeconomic stability : a literature review and some empirics (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (71 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1115
    Keywords: 1980 - 2013 ; Wirtschaftspolitik ; Volatilität ; Wirtschaftswachstum ; Mikrodaten ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The decline in macroeconomic volatility from the 1980s to the onset of the Great Recession did not, in general, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as creative destruction and re-allocation of resources, consumption growth volatility weighs on households’ welfare. This study reviews the existing literature on the link between economic policies and economic stability at the firm and household level. Based on firm-level and household-level data for a wide range of OECD countries, it also provides preliminary results on sources and patterns of microeconomic volatility.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz417mn2443-en
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  • 14
    Online Resource
    Online Resource
    Policies for making the Chilean labour market more inclusive (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (31 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1117
    Keywords: Weibliche Arbeitskräfte ; Arbeitsmarktpolitik ; Ungelernte Arbeitskräfte ; Junge Arbeitskräfte ; Chile ; Employment ; Economics ; Chile ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Economic growth and recent policy reforms have increased employment and reduced overall poverty in Chile. Yet there are some groups that remain at the margins of the labour market and could benefit from and contribute more to growth. Women and young people have entered the labour force in greater numbers, but their participation rates remain low compared to most OECD and Latin American countries. The participation of women in the labour market is held down by economic, cultural and regulatory barriers. For youth, poor basic skills acquired through compulsory education and the weak linkages between secondary education and job related skills often limit their employment prospects. Among lowskilled workers, a high minimum wage and strict employment protection pose a barrier to employment. At the same time, education and training policies do not sufficiently reach those with poor skills and the public employment services lack the capacity to deliver high quality job-search services. The paper discusses a number of policies that could help to make the Chilean labour market more inclusive and broaden the benefits of growth. These include expanding childcare, promoting a more flexible labour market and strengthening education and skills policies, among others. This Working Paper relates to the 2013 OECD Economic Survey of Chile (www.oecd.org/eco/surveys/economic-survey-chile.htm).
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz2r9j3f0r6-en
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  • 15
    Online Resource
    Online Resource
    Do resources flow to patenting firms? : cross-country evidence from firm level data (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (58 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1127
    Keywords: 2003 - 2010 ; Innovation ; Patent ; Unternehmenswachstum ; Vergleich ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper exploits longitudinal data on firm performance and patenting activity for 23 OECD countries over the period 2003-2010 to explore the extent to which changes in the patent stock are associated with flows of capital and labour to patenting firms. While the finding that patenting is associated with real changes in economic activity at the firm level is in line with recent literature, new empirical evidence presented suggests that the impact of patenting on firm size is likely to be causal. Moreover, these data reveal important differences across OECD countries in the extent to which innovative firms can attract the complementary tangible resources that are required to implement and commercialise new ideas. In turn, the contribution of framework policies to explaining the observed cross-country differences in the magnitude of these flows is explored. While further research is required to establish causality, the results are consistent with the idea that well-functioning product, labour and capital markets; efficient judicial systems and bankruptcy laws that do not overly penalise failure can raise the returns to innovative activity. The paper also investigates the heterogeneous impacts of policies and finds that young firms – which are more likely to experiment with disruptive technologies and rely on external financing to implement and commercialise their ideas – disproportionately benefit from reforms to labour markets and more developed markets for credit and seed and early stage finance.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz2lpmk0gs6-en
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  • 16
    Online Resource
    Online Resource
    Overcoming vulnerability of unemployment insurance schemes (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (54 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1131
    Keywords: Arbeitslosenversicherung ; Arbeitslosigkeit ; Arbeitsverwaltung ; Arbeitsvermittlung ; Arbeitsmarktpolitik ; BRICS-Staaten ; Indonesien ; OECD-Staaten ; Employment ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Unemployment insurance is a key tool for risk sharing and redistribution and also a prominent automatic stabiliser. It is a volatile spending item by design, which can lead to vulnerabilities. This paper explores various shocks and sources of vulnerability of the unemployment insurance schemes of OECD and BRIICS countries. Policies that boost both financial resilience and benefit adequacy as well as policy trade-offs are explored. Four country clusters are identified with key similarities in the overall policy mix that can shed light on why some countries boast generous benefits and at the same time display high economic efficiency, while other countries face a much more pronounced trade-off.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz1592jj48r-en
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  • 17
    Online Resource
    Online Resource
    Comparing the robustness of PAYG pension schemes (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (31 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1134
    Keywords: Alternde Bevölkerung ; Rentenfinanzierung ; Umlageverfahren ; Modellierung ; Simulation ; Social Issues/Migration/Health ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper provides a framework for comparing a defined benefit (DB) and a defined contribution (DC) point schemes, which are both pay-as-you go (PAYG) financed. Two stylised PAYG pension schemes are modelled and simulated to compare their robustness to shocks. The same demographic developments (distribution of workers by age and revenue and distribution of survival rate by age) are applied to the two schemes. The impacts of different shocks (productivity, migration and longevity) on the two schemes are compared. Different policy reforms (increasing the contribution rate, diminishing the pension benefit, changing the up-rating and increasing the retirement age) to cope with the ageing shock are analysed and compared.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5jz158w3ghmx-en
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  • 18
    Online Resource
    Online Resource
    Consequences of climate change damages for economic growth : a dynamic quantitative assessment (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (49 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1135
    Keywords: 2060 ; Klimawandel ; Wirtschaftswachstum ; CGE-Modell ; Szenariotechnik ; Welt ; Environment ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report focuses on the effects of climate change impacts on economic growth. Simulations with the OECD’s dynamic global general equilibrium model ENV-Linkages assess the consequences of a selected number of climate change impacts in the various world regions at the macroeconomic and sectoral level. This is complemented with an assessment of very long-run implications, using the AD-RICE model. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range. Underlying these annual global GDP losses are much larger sectoral and regional variations. Agricultural impacts dominate in most regions, while damages from sea level rise gradually become more important. Negative economic consequences are especially large in South and South-East Asia whereas other regions will be less affected and, in some cases, benefit thanks to adjustments from international trade. Emissions to 2060 will have important consequences in later decades and centuries. Simulations with the AD-RICE model suggest that if emissions continue to grow after 2060, annual damages of climate change could reach 1.5%-4.8% of GDP by the end of the century. Some impacts and risks from climate change have not been quantified in this study, including extreme weather events, water stress and large-scale disruptions. These will potentially have large economic consequences, and on balance the costs of inaction presented here likely underestimate the full costs of climate change impacts. More research is needed to assess them as well as the various uncertainties and risks involved. However, this should not delay policy action, but rather induce policy frameworks that are able to deal with new information and with the fact that by their nature some uncertainties and risks will never be resolved.
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    DOI: 10.1787/5jz2bxb8kmf3-en
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  • 19
    Online Resource
    Online Resource
    Transparency of export restrictions : a checklist promoting good practice (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (27 S.)
    Series Statement: OECD trade policy papers 164
    Keywords: Exportbeschränkung ; Rohstoff ; Politische Kommunikation ; Good Governance ; WTO-Recht ; Außenwirtschaftspolitik ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The incidence of export taxes, prohibitions and other measures that raise export prices, limit export quantities or place conditions on exporting is on the rise. Transparency can help mitigate the negative effects of export restrictions by enabling affected stakeholders to better understand and anticipate policy change and adjust their activities. This paper develops a checklist of good practice in transparency which can serve as a tool for self-evaluation by governments and for promoting better and more consistent transparency practices in this area. The items of the checklist are drawn from norms and practices found in WTO and regional trade agreements and good governance guidelines. Additionally, feedback was sought through a small business survey. The list provides guidance with respect to such questions as what, when and how information about export restrictions governments ought to make public. It assembles relevant principles for keeping stakeholders and the general public informed at different stages of developing and implementing export restrictions and identifies information content for an effective information policy. Transparency moreover depends on the ease with which information can be obtained and on the extent to which stakeholders have an opportunity to make their views known when a measure is still on the drawing board.
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    DOI: 10.1787/5jz417hqk38q-en
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  • 20
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    Consumer policy guidance on mobile and online payments (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (23 S.)
    Series Statement: OECD digital economy papers 236
    Keywords: Elektronisches Geld ; OECD-Staaten ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: The OECD Committee on Consumer Policy has issued this policy guidance to boost consumer protection when using mobile and on-line payment systems and to identify ways in which policy makers and businesses can work together to strengthen consumer protection while spurring innovation in the marketplace. The guidance addresses a number of key issues in the emerging mobile and online payment area, including the need to establish minimum levels of consumer protection across payment mechanisms, enhanced privacy and child protection, and standards for transparent and accessible information disclosures
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    DOI: 10.1787/5jz432cl1ns7-en
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  • 21
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    The internet in transition : the state of the transition to IPv6 in today's internet and measures to support the continued use of IPv4 (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (38 S.) , graph. Darst.
    Series Statement: OECD digital economy papers 234
    Keywords: Breitbandkommunikation ; Internet ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: This report considers the transition from IPv4 to IPv6 alongside the use of network technologies to prolong IPv4 use in the face of depletion of further IPv4 protocol addresses, but it does not aim to address all issues surrounding the transition to IPv6 or to detail the economic incentives faced by various Internet actors. It first provides a status update of address management issues and the run-out of IPv4. It then describes the advantages and limitations of increased use of network address translation as one response to sustain the use of IPv4 in the face of IPv4 address exhaustion. It provides an overview of the IPv6 protocol; the advantages of IPv6 deployment as a response to IPv4 address exhaustion and the IPv6 transition plan compared to actual deployment to date. Finally, the report examines the choices facing individual actors, their potential consequences, and the policy implications on openness and innovation for the future of the Internet.
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    DOI: 10.1787/5jz5sq5d7cq2-en
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  • 22
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    International traffic termination (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (44 S.) , graph. Darst.
    Series Statement: OECD digital economy papers 238
    Keywords: Telekommunikationspreis ; OECD-Staaten ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: This report examines measures taken in countries that have restricted the ability for markets to set termination charges for incoming international telecommunication traffic by mandating rates below which no market player can diverge. The report explores empirically the effects of the introduction of such policies and finds that an increase of these termination charges reduces traffic (measured by minutes or calls) in such a way that the expected increase in revenue, given the rise of the termination charge, may be countervailed. Thus, the report concludes that these practices are not in the best interest of the countries where they have been introduced or of countries paying the higher termination rates.
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    DOI: 10.1787/5jz2m5mnlvkc-en
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  • 23
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    An evaluation of international surveys of children (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (104 S.) , graph. Darst.
    Series Statement: OECD social, employment and migration working papers 146
    Keywords: Kinder ; Sozialer Indikator ; Welt ; Social Issues/Migration/Health ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This report evaluates sources of international child well-being data to assess their suitability for supplementing national and transnational data sources to inform policy. The review of the leading surveys of children (and surveys of households with children) summarises the information available from these sources and, as importantly, identifies the gaps in measuring child well-being outcomes not covered by data from these sources. The report then undertakes an in-depth evaluation of possible systematic bias in the underlying survey population to provide confidence in the reliability of outcomes measured from these international surveys. Based on the overall evaluation, the report concludes with recommendations for the use and improvement of international surveys for monitoring child well-being.
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    DOI: 10.1787/5jxzmjrqvntf-en
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  • 24
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    Skills at work : how skills and their use matter in the labour market (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (62 S.) , graph. Darst.
    Series Statement: OECD social, employment and migration working papers 158
    Keywords: Arbeitsmarkt ; Fachkräfte ; Bildungsabschluss ; Qualifikation ; Anforderungsprofil ; Lohnstruktur ; Wirtschaftswachstum ; OECD-Staaten ; Employment ; Social Issues/Migration/Health ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Human capital is key for economic growth. Not only is it linked to aggregate economic performance but also to each individual’s labour market outcomes. However, a skilled population is not enough to achieve high and inclusive growth, as skills need to be put into productive use at work. Thanks to the availability of measures of both the proficiency and the use of numerous types of skills, the Survey of Adult Skills offers a unique opportunity to advance knowledge in this area and this paper presents and discusses evidence on both these dimensions with a particular focus on their implications for labour market policy. This paper explores the role played in the labour market by skill proficiency in the areas of literacy, numeracy and problem solving in technology-rich environments. It also shows how skills use, not only proficiency, affects a number of key labour market phenomena, such as the gender wage gap. Finally, the paper combines information on skill proficiency, educational attainment, skill use and qualification requirements to construct indicators of qualification and skills mismatch and to explore their causes and consequences.
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    DOI: 10.1787/5jz44fdfjm7j-en
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  • 25
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    Trends in top incomes and their taxation in OECD countries (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (92 S.) , graph. Darst.
    Series Statement: OECD social, employment and migration working papers 159
    Keywords: Einkommensverteilung ; Einkommensteuer ; OECD-Staaten ; Social Issues/Migration/Health ; Taxation ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The shares of top income recipients in total pre-tax income have increased in OECD countries in the past three decades, particularly in most of the English-speaking countries but also in some Nordic (from low levels) and Southern European countries. Today, the richest one percent receives between 7% of all pre-tax income in Denmark and the Netherlands up to almost 20% in the United States. This increase is the result of the top 1% capturing a disproportionate share of overall income growth over the past thirty years: around 20 – 25% in Australia and the United Kingdom, up to 37% in Canada and even 47% in the United States. At the same time, tax reforms in almost all OECD countries reduced top personal income tax rates as well as rates of other taxes affecting the highest income earners. Indeed, while top tax rates were equal to or above 70% in half of the countries in the mid-1970s, this rate has been halved in many countries by 2013.
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    DOI: 10.1787/5jz43jhlz87f-en
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  • 26
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    Integrated assessment of climate change impacts : conceptual frameworks, modelling approaches and research models (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (55 S.) , graph. Darst.
    Series Statement: OECD environment working papers 66
    Keywords: Klimawandel ; Klimapolitik ; Wirkungsanalyse ; OECD-Staaten ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents a framework to include feedbacks from climate impacts on the economy in integrated assessment models. The proposed framework uses a production function approach, which links climate impacts to key variables and parameters used in the specification of economic activity. The key endpoints within climate impact categories are linked to the relevant connections for a range of sectors in the economy. The paper pays particular attention to the challenges of distinguishing between damages and the costs of adapting to climate change. The paper also reviews existing studies and available data that can be used to establish linkages between climate impacts and key variables within economic models. There is considerable heterogeneity across the timing and geographic distribution of changes in climatic variables, the consequent changes in key physical and biogeochemical “endpoints” that might occur over time and space, and the magnitude of the resulting damages that these effects are likely to impose on the range of sectors in the economy. The review underlines the uncertainty involved in each of these dimensions and the research needs for the future.
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    DOI: 10.1787/5jz2qcjsrvzx-en
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  • 27
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    Exploring policy complementarities in transition economies : the case of Kazakhstan (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (41 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/09
    Keywords: 1989 - 2012 ; Systemtransformation ; Wirtschaftliche Anpassung ; Wirtschaftswachstum ; Politische Reform ; Wirtschaftsindikator ; Panel ; Transformationsstaaten ; Kasachstan ; Governance ; Urban, Rural and Regional Development ; Kazakhstan ; Arbeitspapier ; Graue Literatur
    Abstract: Policy complementarities have often been overlooked in transition economies, leading to the exclusion or partial adoption of reforms. This paper examines the key determinants of successful transition strategies, and concludes that an approach exploiting complementary relationships and interactions between policies is most likely to result in a welfare improvement. Based on nine policy areas from the European Bank for Reconstruction and Development (EBRD) Transition Indicators database, composite indicators measuring reform implementation and complementarity are constructed. Panel data estimates for 30 countries over the period 1989 to 2012 demonstrate a positive association between improvements in reform complementarity and economic growth. Moreover, the effects are found to persist over time for up to two years after the initial policy change, and are robust to the inclusion of a wide range of control variables. Applying these findings to the case of Kazakhstan illustrates that comprehensive reforms to a targeted group of complementary policies generate sustained increases in output growth, whereas a partial reform strategy results in a loss of welfare.
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    DOI: 10.1787/5jxwvzcrtnbn-en
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  • 28
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    Wage-setting in the hospital sector (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (51 S.) , graph. Darst.
    Series Statement: OECD health working papers 77
    Keywords: Lohnbildung ; Gesundheitsberufe ; Krankenhaus ; OECD-Staaten ; Social Issues/Migration/Health ; Arbeitspapier ; Graue Literatur
    Abstract: This paper examines wage setting mechanisms for health workers in hospitals across eight different OECD countries. It describes similarities and differences and how fixed or fluid these approaches have been in recent years through health system reforms, labour market dynamics and economic pressures. Based on a review of grey literature and expert interviews with officials from the covered countries, it finds that prior to the economic downturn, several countries had signalled a shift to more local and flexible wage setting in the hospital sector but this ambition does not seem to have been realised in full for public sector hospitals in most OECD countries. Fiscal pressures have led to some “recentralisation” of wage setting, particularly in France, Portugal and the United Kingdom. While the extent of centralisation has been a question of considerable debate, the countries covered in this paper suggest that the benefits of centralised and/ or co-ordinated wage setting generally appear to have been given more attention by policy makers. The current research base on the effectiveness of different wage setting approaches is limited. Policy-making would benefit from developing a better understanding of the impact of wage setting on improved hospital performance and quality.
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    DOI: 10.1787/5jxx56b8hqhl-en
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  • 29
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    Social Media Use by Governments : A Policy Primer to Discuss Trends, Identify Policy Opportunities and Guide Decision Makers (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (72 p.)
    Series Statement: OECD Working Papers on Public Governance no.26
    Keywords: Politische Kommunikation ; Social Web ; Welt ; Governance ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This working paper takes a comparative snapshot of social media use in and by OECD governments. The focus is on government institutions, as opposed to personalities, and how they manage to capture the opportunities of new social media platforms to deliver better public services and to create more open policy processes. The analysis is based on a large amount of empirical data, including a survey of OECD governments on policies and objectives in this area. Major challenges are discussed, notably those related to the uncertainty of institutions on how to best leverage social media beyond “corporate” communications. The paper proposes tools to guide decision makers: a checklist of issues to be considered by government institutions, a set of potential indicators to appraise impacts, and a range of options for more in-depth policy analysis.
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    DOI: 10.1787/5jxrcmghmk0s-en
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  • 30
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    Imagining more effective humanitarian aid : a donor perspective (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (29 S.) , graph. Darst.
    Series Statement: OECD development co-operation working papers 18
    Keywords: Humanitäre Hilfe ; Entwicklungshilfe ; Welt ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: This paper is intended to provoke debate, and stimulate further thinking and study, about humanitarian effectiveness, and what that will mean for donors and other stakeholders, in the run-up to the World Humanitarian Summit in 2016. Today’s humanitarian system is made up of many different moving parts. These different parts are guided by different standards and learning initiatives, all aimed at promoting an effective humanitarian response. However, the system itself does not yet have a core set of shared values, and it is not clear whether the overall humanitarian endeavour is fit for purpose or optimally configured, given the challenges of a changing global context, and the increasing complexity of crises. A common framework for humanitarian effectiveness, designed to promote collective responsibility and mutual accountability, would ensure that each actor would be held accountable for their contribution to the same characteristics of effectiveness – based on what they can control, what they can influence and where they advocate – no matter who was assessing them. No doubt, a shared understanding of humanitarian effectiveness will also stimulate change in the design, tools and approaches, and results measurement, within the humanitarian system.
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    DOI: 10.1787/5jxx3d16snf7-en
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  • 31
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    Modelling Adaptation to Climate Change in Agriculture (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (58 p.)
    Series Statement: OECD Food, Agriculture and Fisheries Papers no.70
    Keywords: Klimawandel ; Agrarproduktion ; Anpassung ; Bewässerung ; OECD-Staaten ; Agriculture and Food ; Environment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper investigates how climate change can affect agricultural production and proposes some adaptation measures that could be undertaken to mitigate the negative effects of climate change while enhancing the positive ones. The paper stresses the importance of planned adaptation measures and highlights possible strategies for reducing risk and improving resilience. To quantify the possible effects of climate change and the effects of adaptation measures this study uses the International Model for Policy Analysis of Agricultural Commodities and Trade (IMPACT). The analysis first explores the potential effects of climate change on yields and prices. It then goes on to analyse the potential impacts of two distinctive sets of adaptation strategies on yields, prices, and food security, namely: i) research and development (to develop new crop varieties that are better suited to changed climate conditions) and ii) changes in irrigation technology. Last, the analysis in this paper estimates the public and private investment needs in research and development (R&D) for developing new crop varieties, and further develops estimates of the cost of improving irrigation technologies in OECD countries.
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    DOI: 10.1787/5jxrclljnbxq-en
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  • 32
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    Investment treaties and shareholder claims for reflective loss : insights from advanced systems of corporate law (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD working papers on international investment 2014/02
    Series Statement: OECD working papers on international investment
    Keywords: consistency of arbitral decisions ; stockholder remedies ; international economic law ; creditors ; separate legal personality ; arbitrators ; board of directors ; international investment agreements ; investor-state dispute settlement ; shareholder claims ; transferability of shares ; entity shielding ; creditors’ rights ; treaty shopping ; bilateral investment treaties ; loan covenant ; reflective loss ; level playing field ; shareholders ; shareholder rights ; corporate law ; judicial economy ; limited liability ; stockholders ; investment treaties ; company law ; consistency ; international arbitration ; access to justice ; derivative injury ; foreign investment ; derivative loss ; competitive neutrality ; agency costs ; settlement ; international investment ; business corporations ; domestic impact of investment law ; derivative action ; comparative law ; shareholder remedies ; international investment law ; reflective injury ; investment arbitration ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss – loss that arises from injury to "their" company (such as a decline in the value of shares). The claim for the loss belongs to the injured company and not to its shareholders. In contrast, shareholder claims for reflective loss have been widely permitted under typical investment treaties over the last 10 years. Ongoing OECD-hosted inter-governmental dialogue on investment law is considering whether there are policy reasons justifying the different approaches to shareholder claims for reflective loss. This paper examines shareholder claims for reflective loss under investment treaties in light of comparative analysis of advanced systems of corporate law. The paper considers the impact of allowing shareholder claims for reflective loss on key characteristics of the business corporation. The paper also explores possible responses by different categories of investors to the availability of shareholder claims for reflective loss under investment treaties.
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    DOI: 10.1787/5jz0xvgngmr3-en
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  • 33
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    Investment treaties and shareholder claims : analysis of treaty practice (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (75 S.)
    Series Statement: OECD working papers on international investment 2014/03
    Series Statement: OECD working papers on international investment
    Keywords: investor-state dispute settlement ; foreign investment ; derivative action ; separate legal personality ; reflective loss ; investment treaties ; stockholders ; consistency of arbitral decisions ; access to justice ; shareholder claims ; international economic law ; overlapping claims ; shareholder rights ; creditors ; bilateral investment treaties ; related claims ; international arbitration ; comparative law ; creditors’ rights ; treaty shopping ; arbitrators ; international investment law ; settlement ; concurrent claims ; international investment ; reflective injury ; business corporations ; domestic impact of investment law ; investment arbitration ; stockholder remedies ; consistency ; competitive neutrality ; agency costs ; derivative loss ; corporate law ; international investment agreements ; judicial economy ; derivative injury ; shareholders ; shareholder remedies ; level playing field ; company law ; Finance and Investment ; Arbeitspapier ; Graue Literatur
    Abstract: Advanced systems of domestic corporate law generally apply a “no reflective loss” principle to shareholder claims. Shareholder claims are permitted for direct injury to shareholder rights (such as voting rights). But shareholders generally cannot bring claims for reflective loss incurred as a result of injury to "their" company (such as loss in value of shares). Only the directly-injured company can claim. In contrast, shareholder claims for reflective loss have consistently been permitted under typical bilateral investment treaties (BITs) in recent years. This paper analyses investment treaty provisions relating to shareholder claims. It addresses (i) treaty regimes for shareholder recovery and company recovery of damages, including their consequences for investor protection and government liability; (ii) the interaction of reflective loss claims with treaty provisions that seek to limit multiple claims; and (iii) treaty provisions applicable to government objections to shareholder claims for reflective loss.
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    DOI: 10.1787/5jxvk6shpvs4-en
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  • 34
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    Economic uncertainties and their impact on activity in Greece compared with Ireland and Portugal (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (17 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1151
    Keywords: 2008 - 2013 ; Risiko ; Privater Konsum ; Bruttoinlandsprodukt ; Simulation ; Vergleich ; VAR-Modell ; Griechenland ; Portugal ; Irland ; Economics ; Greece ; Ireland ; Portugal ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal. Overall, this analysis shows that the uncertainty impact on growth has been relatively small in Greece between 2008 and 2013, although stronger than in Ireland or Portugal. This quantification appears to be robust to various specification changes of the vector auto regressive models developed for this exercise. This working paper relates to the 2013 Economic Survey of Greece (www.oecd.org/eco/surveys/greece)
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    DOI: 10.1787/5jz0zb5h7ff2-en
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  • 35
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    US long term interest rates and capital flows to emerging economies (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (34 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1155
    Keywords: Zins ; Börsenkurs ; Wechselkurssystem ; Kapitalimport ; USA ; Finance and Investment ; Economics ; United States ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Following Chairman Ben Bernanke’s comments before Congress that the FOMC may ‘take a step down in the pace of asset purchases if economic improvement appears to be sustained’, US 10-year interest rates picked up sharply and gross capital flows to emerging market economies (EMEs) reversed. These events raised concerns that further increases in US interest rates could trigger sharp changes of capital flows that would be followed by financial crises in EMEs. To assess this possibility, this paper studies the association between US long term interest rates and cycles of capital flows to EMEs. It finds that, indeed, cycles in capital flows to EMEs are linked to global conditions, including global risk aversion and long term interest rates in the United States. In particular, higher US long term interest rates are associated with lower levels of gross capital flows to EMEs, and to a higher probability of observing sharp reversals in those flows. Episodes of net capital inflows, on the other hand, are mostly associated with domestic macroeconomic conditions. In particular, economies with relatively low levels of gross outflows, with a high ratio of short-term debt to international reserves or with weak domestic fundamentals are more vulnerable to the risk of a classic sudden stop à la Calvo. This Working Paper relates to the OECD Economic Survey of the United States 2014 (www.oecd.org/eco/surveys/economic-survey-unitedstates. htm)
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    DOI: 10.1787/5jz0wh67l733-en
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  • 36
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    Reinvigorating the EU single market (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (37 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1159
    Keywords: EU-Binnenmarkt ; Markteintritt ; Netzwerkökonomik ; Arbeitsmobilität ; Wirtschaftsintegration ; EU-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility. Further development of the Single Market and removing barriers to external trade would bring substantial growth and employment gains by enhancing resource allocation in Europe, by generating economies of scale and by strengthening competition and hence incentives to innovate. Reforming regulation and other implicit barriers can also yield a double dividend: it would stimulate cross-border activities and support the necessary reallocation process within countries. Such reallocation can cause hardships, especially for the less-skilled workers who may not be able to compete. To deal with such problems, it is important to enhance active labour market policies and training. The Single Market would also benefit from better networks between countries that can be supported by a well-targeted infrastructure policy. New digital networks can be promoted by an appropriate regulatory framework to strengthen confidence and to promote fair competition. Regarding external trade, the first-best solution is clearly multilateral trade negotiations, but short of that external trade and investment barriers can be reduced with Free Trade Agreement negotiations with the United States and other partners. This Working Paper relates to the 2014 OECD Economic Survey of the European Union (www.oecd.org/eco/surveys/economic-survey-european-union.htm).
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    DOI: 10.1787/5jxx3d3hk437-en
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  • 37
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    Factors behind the decline in real long-term government bond yields (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (23 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1167
    Keywords: 1970 - 2014 ; Zins ; Öffentliche Anleihe ; Kapitaleinkommen ; Währungsreserven ; Geldpolitik ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they have not reached the historical lows of the 1970s. The decline in real interest rates has been driven by a combination of factors whose importance has varied over time. In the 1990s, the decline in inflation levels and in volatility was key. In the 2000s, purchases of US government bonds by official investors in emerging market economies, played an important role. More recently, quantitative easing and other unconventional monetary policy action, and possibly the Basel-III-induced increase in bank demand for safe assets, have been main drivers. Higher perceptions of risks after the last crisis do not seem to have put lasting downward pressures on government bond yields.
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    DOI: 10.1787/5jxvgg7q1322-en
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  • 38
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    The effect of the global financial crisis on OECD potential output (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (25 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1166
    Keywords: 2007 - 2011 ; Finanzkrise ; Produktionspotenzial ; Schätzung ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper estimates potential output losses from the global financial crisis by comparing recent OECD published projections with a counter-factual assuming a continuation of pre-crisis productivity trends and a trend employment rate which is sensitive to demographic trends. Among the 19 OECD countries which experienced a banking crisis over the period 2007-11, the median loss in potential output in 2014 is estimated to be 3¾ per cent, compared to 2¾ per cent among all OECD countries. The crisis hit does, however, vary widely across countries, being more than 10% for several smaller European, mainly euro area, countries. The largest adverse effects come from lower trend productivity, which is a combination of both lower total factor productivity and lower capital per worker. Despite large increases in structural unemployment in some countries, the contribution of lower potential employment to the crisis hit is limited because the adverse effect on labour force participation is generally much less than might have been expected on the basis of previous severe downturns. This may partly reflect pension reforms and a tightening up of early retirement pathways. Pre-crisis conditions relating to over-heating and financial excesses, including high inflation, high investment, large current account deficits, low real interest rates, high total economy indebtedness and more rapid growth in capital-per-worker are all correlated with larger post-crisis potential output losses. This suggests that underlying the potential output losses was a substantial misallocation of resources, especially of capital, in the pre-crisis boom period. On the other hand, more competition-friendly product market regulation is associated with smaller crisis-related losses of potential output, suggesting it facilitates a reallocation of resources across firms and sectors in the aftermath of an adverse shock and so helps to mitigate its consequences.
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    DOI: 10.1787/5jxwtl8h75bw-en
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  • 39
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    A revival of the private rental sector of the housing market? : lessons from Germany, Finland, the Czech Republic and the Netherlands (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (63 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1170
    Keywords: Wohnungspolitik ; Immobilienfinanzierung ; Miete ; Wohnungsmarkt ; Arbeitsmobilität ; Deutschland ; Finnland ; Tschechien ; Niederlande ; Economics ; Czech Republic ; Finland ; Germany ; Netherlands ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second World War, there are signs of a growing importance and possible ‘revival’ of the PRS. A well-functioning PRS and neutrality in housing policies can improve the functioning of the housing market – by promoting residential mobility, increasing housing options for households and generating competitive supply and affordable prices. The PRS can have positive effects on the economy and labour mobility and reduce inefficiencies and risks of owner-occupied and social housing. Trade-offs between goals in housing policies, and regulatory impediments to a level playing field between segments of the housing market (owner-occupancy, social rental, private rental) are analysed. The article outlines policy options in promoting a well-functioning PRS: lessons are drawn on tenancy security, rent-setting regulations, social housing, demand subsidies, fiscal measures for rental and owner-occupied housing and barriers for PRS supply. Experiences from the countries show that it is hard to create a level playing field – there are inefficiencies in all four countries. Nonetheless, there are many positive experiences of stimulating the PRS: reforms in Finland and the Czech Republic stimulated the PRS to become a competitive and important part of the housing market, and Dutch policies are adapted to stimulate a level playing field. The ‘resilience’ of the German housing system during the economic crisis shows that the large PRS and tenure neutrality have important stabilising effects on the German economy.
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    DOI: 10.1787/5jxv9f32j0zp-en
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  • 40
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    Public financial management in infrastructure in Africa (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (70 S.) , graph. Darst.
    Series Statement: Working paper / OECD Development Centre 323
    Series Statement: OECD Development Centre Working Papers no.323
    Keywords: Öffentlicher Haushalt ; Haushaltsplanung ; Öffentliche Finanzen ; Finanzreform ; Infrastrukturinvestition ; Afrika ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: To what extent do budgetary processes and institutions hamper infrastructural development in Africa? To answer that question, this report analyses the answers of budget officials to questionnaires administered in 22 African countries: Benin, Botswana, Burundi, Cameroon, Cabo Verde, Chad, Democratic Republic of Congo, Djibouti, Gambia, Kenya, Lesotho, Madagascar, Mauritius, Morocco, Namibia, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Republic of Sudan, Tunisia and Zimbabwe.
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    DOI: 10.1787/5jxzmjr4qlhb-en
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  • 41
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    On the effectiveness of exchange rate interventions in emerging markets (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (31 S.) , graph. Darst.
    Series Statement: Working paper / OECD Development Centre 324
    Series Statement: OECD Development Centre Working Papers no.324
    Keywords: Wechselkurs ; Wechselkurspolitik ; Schwellenländer ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: We analyse the effectiveness of exchange rate interventions for a panel of 18 emerging market economies during the period 2003-11. Using an error-correction model approach, we find that on average intervention is effective in moving the real exchange rate in the desired direction, controlling for deviations from the equilibrium and short-term changes in fundamentals and global financial variables. Our results are robust to different samples and estimation methods. We find little evidence of asymmetries in the effect of sales and purchases, but some evidence of more effective interventions for large deviations from the equilibrium. We also explore differences across countries according to the possible transmission channels and nature of some global shocks.
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    DOI: 10.1787/5jxwwfmxfdth-en
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  • 42
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    Skills and jobs in the internet economy (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (39 S.) , graph. Darst.
    Series Statement: OECD digital economy papers 242
    Keywords: Fachkräfte ; Arbeitsnachfrage ; Wissensgesellschaft ; OECD-Staaten ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: Both generic and specialised ICT skills are becoming an important requirement for employment across the economy as the Internet becomes more engrained in work processes, but a significant part of the population lacks the basic skills necessary to function in this new environment. This paper examines the impact of the Internet on the labour market in this context. For example, between 7% and 27% of adults have no experience in using computers or lack the most elementary computer skills, such as the ability to use a mouse. In addition, the groups with the least ICT skills tend to be among the demographic groups at the most risk of losing jobs. Data also highlight a potential skills mismatch among those with the strongest ICT skills (youth) and those who actually use them at work (prime age and older adults).
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    DOI: 10.1787/5jxvbrjm9bns-en
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  • 43
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    The economics of transition to Internet Protocol version 6 (IPv6) (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (57 S.) , graph. Darst.
    Series Statement: OECD digital economy papers 244
    Keywords: Internet ; Informationsökonomik ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: This report makes the case that IPv6 represents an example of a platform; within the context of IPv6, the sides of the platform are Internet service providers, backbone providers, device manufacturers, content providers, and so forth. The net benefits to adopting the new platform are not distributed equally across sides. For some participants, such as backbone and transit providers and manufacturers of devices such as routers, the transition to IPv6 has been relatively swift. For these participants the benefits of adoption were clear, and adoption demonstrated the technical ability of the company and fitness of its network. For others, such as many content providers for the Web, enterprises contemplating deployment of IPv6 within internal firm networks, and providers of consumer electronics equipment such as DVD or Blu-Ray players or televisions, the transition has been slower. For them the benefits have not been as clear, and many legacy devices, networks, customers and suppliers have not transitioned.
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    DOI: 10.1787/5jxt46d07bhc-en
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  • 44
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    Wireless market structures and network sharing (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (89 S.) , graph. Darst.
    Series Statement: OECD digital economy papers 243
    Keywords: Mobilkommunikation ; Netzinfrastruktur ; OECD-Staaten ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: A key issue for policy makers and regulators across the OECD area is the market structures that will best deliver efficient and inclusive mobile communication services. This has led to two issues addressed in this report, namely: the recent experience in selected countries, which have changed or held constant the number of facilities based operators; and the initial experience and key questions that have arisen with wireless network sharing. These questions are related because they converge around the issue of how many facilities-based networks are optimal in providing competitive services in the same geographical location. In all OECD countries there are at least three mobile network operators (MNOs), which broadly compete on a national basis, with some countries having four or five facilities-based networks operating nationally or in the same region. Historically, the coverage and capabilities of these networks have been important factors used by operators to differentiate their offers and attract customers. Nonetheless, sharing the expense of network facilities between multiple MNOs can significantly reduce costs, especially at a time when there are demands on operators to roll out new networks or extend coverage.
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    DOI: 10.1787/5jxt46dzl9r2-en
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  • 45
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    Uncovering trade secrets : an empirical assessment of economic implications of protection for undisclosed data (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (161 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 167
    Keywords: Geschäftsgeheimnis ; Immaterialgüterrechte ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper takes stock of the protection of trade secrets for a sample of 37 countries, provides historical data for the period since 1985, and considers the relationship of the stringency of the protection of trade secrets to relevant economic performance indicators. The paper finds that there has been a notable increase in the stringency of trade secrets protection in a broad sample of countries during the period from 1985 to 2010. The paper also finds a positive association between the stringency of trade secrets protection and key indicators of innovation and international economic flows. Further details of the methodology and additional country data can be found in the background paper provided in phase I of the OECD trade secrets project [OECD Trade Policy Paper No. 162].
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    DOI: 10.1787/5jxzl5w3j3s6-en
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  • 46
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    Services Trade Restrictiveness Index (STRI) : computer and related services (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (23 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 169
    Keywords: IT-Management ; Unternehmensdienstleistung ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Science and Technology ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for computer services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for computer services and captures regulations in force in 2013. The scores range between 0.08 and 0.34, with a sample average of 0.18. Explicit barriers to trade in computer services are rare, but the sector is subject to a number of economy-wide restrictions facing all sectors. Among these, restrictions on movement of people (mode 4 in GATS terminology) make the largest contribution to the index value, followed by regulatory transparency issues. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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    DOI: 10.1787/5jxt4np1pjzt-en
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  • 47
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    Services Trade Restrictiveness Index (STRI) : audio-visual services (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (38 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 174
    Keywords: Kommunikationsmedien ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Science and Technology ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for motion pictures, television and broadcasting and sound recording. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for audio-visual services and captures regulations in force in 2013. The scores range between 0.06 and 0.72 for motion pictures, 0.07 to 0.78 for television and broadcasting, and between 0.05 and 0.37 for sound recording. The sample averages are 0.18 for motion pictures, 0.28 for television and broadcasting and 0.16 for sound recording. Limitations on foreign entry, including foreign equity limits contribute to about two thirds of the index values in television and broadcasting. In motion pictures screen quotas contribute to the indices in many of the countries with scores above average. Sound recording, i.e. music, is the most open of the three audio-visual services sectors where limitations on movement of people account for more than 40% of the index value. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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    DOI: 10.1787/5jxt4nj4fc22-en
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  • 48
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    Services Trade Restrictiveness Index (STRI) : transport and courier services (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (98 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 176
    Keywords: Logistikdienstleister ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for transport and courier services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. This report presents the first vintage of indicators for transport and courier services and captures de jure regulations in force in 2013. The STRI supports the view that these services are subject to very different regulatory frameworks and, in some cases, to a relatively elevated degree of regulation. Indices for air transport covering measures affecting commercial establishment and accompanying movement of natural persons are on average quite high (0.43), with little variation across countries. A preliminary assessment of restrictiveness in cross-border trade in the sector shows that, while some progress in easing restrictions has been achieved through open skies agreements, significant limitations remain in place. The maritime transport sector is moderately open with an average STRI of 0.25. Foreign equity restrictions are still quite common in the sector and contribute significantly to the index. Most other sector-specific restrictions are found in the cabotage market and in ports. In road freight transport, the results confirm that the domestic road freight transport regime has been significantly liberalised over the years, and currently commercial establishment in the sector is largely affected by horizontal measures. The overall level of restrictiveness is relatively low with an average of 0.16, but exhibits pretty large variation. With respect to rail freight, the STRI also supports the view that considerable reforms have been undertaken in the sector in the past decades. The average level of restrictiveness is moderate at 0.22, although two countries maintain a statutory state-owned monopoly, which implies that the sector is completely closed to foreign suppliers. Finally, for courier services the results show that the overall level of restrictiveness is moderate with a sample average of 0.26. There is, however, large variation in STRI indices among countries. The elevated levels of restrictiveness are found in countries where foreign equity restrictions or statutory monopolies exist.
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    DOI: 10.1787/5jxt4nd187r6-en
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  • 49
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    Trends in Income Inequality and its Impact on Economic Growth (2014)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: Online-Ressource (65 p.)
    Series Statement: OECD Social, Employment and Migration Working Papers no.163
    Keywords: Einkommensverteilung ; Soziale Ungleichheit ; Wirtschaftswachstum ; OECD-Staaten ; Employment ; Social Issues/Migration/Health ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: In most OECD countries, the gap between rich and poor is at its highest level since 30 years. Today, the richest 10 per cent of the population in the OECD area earn 9.5 times the income of the poorest 10 per cent; in the 1980s this ratio stood at 7:1 and has been rising continuously ever since. However, the rise in overall income inequality is not (only) about surging top income shares: often, incomes at the bottom grew much slower during the prosperous years and fell during downturns, putting relative (and in some countries, absolute) income poverty on the radar of policy concerns. This paper explores whether such developments may have an impact on economic performance. Drawing on harmonised data covering the OECD countries over the past 30 years, the econometric analysis suggests that income inequality has a negative and statistically significant impact on subsequent growth. In particular, what matters most is the gap between low income households and the rest of the population. In contrast, no evidence is found that those with high incomes pulling away from the rest of the population harms growth. The paper also evaluates the “human capital accumulation theory” finding evidence for human capital as a channel through which inequality may affect growth. Analysis based on micro data from the Adult Skills Survey (PIAAC) shows that increased income disparities depress skills development among individuals with poorer parental education background, both in terms of the quantity of education attained (e.g. years of schooling), and in terms of its quality (i.e. skill proficiency). Educational outcomes of individuals from richer backgrounds, however, are not affected by inequality. It follows that policies to reduce income inequalities should not only be pursued to improve social outcomes but also to sustain long-term growth. Redistribution policies via taxes and transfers are a key tool to ensure the benefits of growth are more broadly distributed and the results suggest they need not be expected to undermine growth. But it is also important to promote equality of opportunity in access to and quality of education. This implies a focus on families with children and youths – as this is when decisions about human capital accumulation are made -- promoting employment for disadvantaged groups through active labour market policies, childcare supports and in-work benefits.
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    DOI: 10.1787/5jxrjncwxv6j-en
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  • 50
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    Monitoring and Evaluation of Climate Change Adaptation : Methodological Approaches (2014)
    Paris : OECD Publishing
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    Language: English
    Pages: Online-Ressource (42 p.)
    Series Statement: OECD Environment Working Papers no.74
    Keywords: Klimapolitik ; Politikfeldanalyse ; Lernen ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: This paper explores methodological approaches that can be used to monitor and evaluate climate change adaptation initiatives at the projects and programme levels. It examines approaches that have been used in other areas of development practice to see what lessons have been learned that can inform the development of monitoring and evaluation frameworks targeted at adaptation. The paper focuses on three methodological challenges related to monitoring and evaluation that are particularly relevant for adaptation: i) assessing attribution, ii) establishing baselines and targets, and iii) dealing with long time horizons. The paper also considers the importance of on-going learning in evaluation and the benefit of applying a comprehensive approach to monitoring and evaluation, building on tested practices from participatory methods and social sciences techniques.
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    DOI: 10.1787/5jxrclr0ntjd-en
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  • 51
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    Fairly sharing the social impact of the crisis in Greece (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (73 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1106
    Keywords: Gesundheitsversorgung ; Rentenpolitik ; Aktivierende Arbeitsmarktpolitik ; Steuervermeidung ; Soziale Ungleichheit ; Arbeitsmarkt ; Öffentliche Sozialleistungen ; Arbeitsschutz ; Armut ; Verteilungswirkung ; Griechenland ; Employment ; Social Issues/Migration/Health ; Economics ; Greece ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased. Getting people back to work and supporting the most vulnerable remain priorities for inclusive growth and distributing the costs of adjustment equitably. Within the limited fiscal space this calls for continued reforms in targeting social support, especially housing benefits, extending unemployment insurance and introducing a means-tested minimum income. Sustaining universal access to good health care is also essential. Well-designed activation policies are important to bring the unemployed, especially the young, to work. At the same time, it is important to strengthen the effectiveness of the labour inspection to ensure full enforcement of the labour code. Decisive steps to contain tax evasion are also critical to social fairness. Reforms by the government in many of these areas are welcome and need to continue.
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    DOI: 10.1787/5jzb6vwk338x-en
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  • 52
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    Connected televisions : convergence and emerging business models (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (54 S.) , graph. Darst.
    Series Statement: OECD digital economy papers 231
    Keywords: Fernsehprogramm ; Internet ; Geschäftsmodell ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: Connected televisions are defined for the purposes of this report as devices that have the capability to interact with the Internet to display audio-visual content. Connected television is an important development because it permits the provision of certain new and valuable services to end-users. These services will also have implications for the activities of all of the players in the content distribution ecosystem. In addition to identifying the new services that connected television enables, the report analyses in some detail their effects on networks (i.e. the physical communication links that carry content to end-users). The impact on content producers themselves, on content distributors (such as traditional pay television companies), on hardware vendors, and on providers of support services such as advertising and programme guides is considered much more briefly. More detailed examination of these matters could be the subject of future work. The report also includes a discussion of policy implications raised by connected televisions for the actual connected television devices and for network infrastructure.
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    DOI: 10.1787/5jzb36wjqkvg-en
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  • 53
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    Good governance and national well-being : what are the linkages? (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (56 S.)
    Series Statement: OECD working papers on public governance 25
    Keywords: 2005 - 2012 ; Good Governance ; Gesundheit ; Zufriedenheit ; Welt ; Governance ; Social Issues/Migration/Health ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The paper was prepared by John F. Helliwell, Haifang Huang, Shawn Grover and Shun Wang in collaboration with Mario Marcel, Martin Forst and Tatyana Teplova. This paper has three main objectives. The first is to review existing studies of the links between good governance and subjective well-being. The second is to bring together the largest available sets of nationallevel measures of the quality of governance, and to assess the extent to which they contribute to explaining the levels and changes in life evaluations in 157 countries over the years 2005-2012, using data from the Gallup World Poll already analysed in some detail in the World Happiness Report 2013. The third objective is to use subjective well-being research to suggest ways in which governance can be changed so as to improve lives in all countries, as measured by peoples’ own evaluations. The paper starts with a summary of the evidence and policy implications. There follow the four main sections of the paper, a statistical appendix containing a broad range of data and results, and an extensive annotated bibliography of empirical literature linking good governance and subjective well-being.
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    DOI: 10.1787/5jxv9f651hvj-en
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  • 54
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    Same same but different : school-to-work transitions in emerging and advanced economies (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (57 S.) , graph. Darst.
    Series Statement: OECD social, employment and migration working papers 154
    Keywords: Absolventen ; Arbeitsuche ; Karriereplanung ; Schwellenländer ; Industrieländer ; Employment ; Social Issues/Migration/Health ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Improving school-to-work transitions and ensuring better career opportunities for youth after labour market entrance are common goals in emerging and advanced economies as they can contribute to raising the productive potential of the economy and to increasing social cohesion. However, the challenges faced in achieving these objectives and the policies required vary between emerging and advanced economies. This paper analyses youth labour market outcomes in 16 countries: eight emerging countries and eight advanced economies. In light of this analysis, it also discusses differences and similarities in the policy measures countries have at their disposal to tackle the key emerging challenges.
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    DOI: 10.1787/5jzbb2t1rcwc-en
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  • 55
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    Geographic imbalances in doctor supply and policy responses (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (65 S.) , graph. Darst.
    Series Statement: OECD health working papers 69
    Keywords: Ärzte ; Gesundheitsversorgung ; Räumliche Verteilung ; Gesundheitspolitik ; OECD-Staaten ; Social Issues/Migration/Health ; Arbeitspapier ; Graue Literatur
    Abstract: Doctors are distributed unequally across different regions in virtually all OECD countries, and this causes concern about how to continue to ensure access to health services everywhere. In particular access to services in rural regions is the focus of attention of policymakers, although in some countries, poor urban and sub-urban regions pose a challenge as well. Despite numerous efforts this mal-distribution of physician supply persists. This working paper first examines the drivers of the location choice of physicians, and second, it examines policy responses in a number of OECD countries...
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    DOI: 10.1787/5jz5sq5ls1wl-en
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  • 56
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    Food and nutrition (in-)security and social protection (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (30 S.)
    Series Statement: OECD development co-operation working papers 15
    Keywords: Armutsbekämpfung ; Soziale Sicherheit ; Ernährungssicherung ; Entwicklungsländer ; Agriculture and Food ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: Social protection measures are policy instruments that are widely used across a broad range of developing countries in pursuit of many different development objectives. In many cases social protection measures such as food or cash transfers were first introduced to ensure minimum levels of food security for vulnerable households. However, as the policy objectives became more numerous and varied, the relationship between food security and social protection have become less prominent. This paper refocuses attention on the linkages between social protection and food and nutrition security and aims to contribute to better integrated policies on food and nutrition (in-)security and social protection, particularly among Development Assistance Committee (DAC) members and their partners. The paper explores the conceptual linkages between social protection measures and food and nutrition security, examines the evidence of practical benefits that different social protection instruments can deliver and assesses the linkages between the two subjects in the international development policy agenda and concludes by proposing ways to better integrate the two issues within development policies and by identifying the main challenges and trade-offs that DAC members and their partners are likely to face.
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    DOI: 10.1787/5jz44w9ltszt-en
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  • 57
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    Official support for private sector participation in developing country infrastructure (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD development co-operation working papers 19
    Keywords: Infrastrukturinvestition ; Öffentlich-private Partnerschaft ; Entwicklungshilfe ; Entwicklungsländer ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: The objective of this study is to take stock of support by bilateral and multilateral donors for private sector participation in developing country infrastructure. It tries to draw out trends, opportunities and challenges, collective activities to address them, and possible further actions for the Development Assistance Committee (DAC). The exercise tries to contribute to the aim of using development co-operation more strategically in leveraging other development related flows. The methodology involved research on 22 donor policies and institutions, as well as data analysis of the DAC’s Creditor Reporting System. The results of the study indicate that official development finance (ODF) for infrastructure is increasing, with a sizable proportion disbursed to support the private sector directly, mostly through loans and equity by bilateral and multilateral development finance institutions (DFIs). However, almost 70% is directed to infrastructure in upper middle income countries, where the domestic financial sector might be relatively developed, which raises the question of additionality of official support. In terms of sectors, 60% of support to the private sector goes to energy, particularly to renewables, such as hydro, wind, solar, and geothermal energy. This is followed by transport, telecommunications, and water. Export credit agencies also provide significant amount of financing to developing country infrastructure. Donors further provide about 15% of funding to help improve the enabling environment for investment by building the capacity of partner government ministries, public-private-partnership units, regional organisations, or local administrations. Conclusions include the need for better co-ordination among various agencies or units involved in supporting infrastructure development within donor countries or multilateral institutions as well as the establishment of a transparent monitoring mechanism of DFI activities to ensure additionality and development effectiveness.
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    DOI: 10.1787/5jz14cd40nf0-en
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  • 58
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    DynEmp : a Stata® routine for distributed micro-data analysis of business dynamics (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (21 S.)
    Series Statement: OECD science, technology and industry working papers 2014/02
    Series Statement: OECD science, technology and industry working papers
    Keywords: Mikrodaten ; Datenverarbeitung ; Software ; Science and Technology ; Industry and Services ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper introduces a new Stata® command, dynemp, which implements a distributed micro-data analysis of business and employment dynamics and firm demographics. The data source it requires are business registers or comparable firm- or establishment- level longitudinal databases which cover the (near-) universe of companies in all business sectors. Access to such confidential data is usually restricted and the micro-level data cannot be brought together to a single platform for cross-country analysis. To solve this confidentiality problem while also maintaining a high level of harmonisation of the key economic concepts (gross job flows, growth rates of employment, definition of high-growth firms, etc.), dynemp can be distributed in a network of researchers who have access to the national confidential microdata. In such manner, the rich firm-level employment dynamics can be analysed from new angles (such as firm age and size), significantly expanding the scope of the analysis insofar possible using more aggregated data.
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    DOI: 10.1787/5jz40rscddd4-en
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  • 59
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    The political economy of tax incentives for investment in the Dominican Republic : “doctoring the ball” (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (30 S.) , graph. Darst.
    Series Statement: Working paper / OECD Development Centre 322
    Series Statement: OECD Development Centre Working Papers no.322
    Keywords: Steuerpolitik ; Anreiz ; Wirtschaftswissenschaft ; Dominikanische Republik ; Development ; Dominican Republic ; Arbeitspapier ; Graue Literatur
    Abstract: Tax incentives can be a useful tool to stimulate investment in developing countries. However, in these countries interest groups often are able to exert considerable influence in its management, if not its design. From a power-based approach to the political economy of tax reform we find how interest groups work within the institutional framework to seek outcomes that best fit their objectives. When unsuccessful, they become powerful advocates of change. These power dynamics have important implications for the design and management of tax incentives in developing economies.
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    DOI: 10.1787/5jz3wkh45kmw-en
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  • 60
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    A sub-national perspective on financing investment for Growth I : measuring fiscal space for public investment ; influences, evolution and perspectives (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/02
    Keywords: Öffentlicher Haushalt ; Teilstaat ; Öffentliche Investition ; Öffentliche Dienstleistung ; Institutionenökonomik ; Finanzbeziehungen ; OECD-Staaten ; Governance ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments’ fiscal space for public investment. It proposes an indicator for measuring this fiscal space and analyses the evolution of its different components over 2007-2012. The article shows that the global financial crisis and the ensuring consolidation drive have reduced sub-national governments’ fiscal space for public investment, through a downward pressure on revenues, increased expenditure obligations, and constrained capacity to borrow or issue debt on financial markets.
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    DOI: 10.1787/5jz5j1qk8fhg-en
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  • 61
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    The OECD Metropolitan Governance Survey : a quantitative description of governance structures in large urban agglomerations (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (49 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/04
    Keywords: Ballungsraum ; Kommunalverwaltung ; Datenerhebung ; OECD-Staaten ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: Even though metropolitan areas account for half of the population, and an even larger share of economic activity of OECD countries, almost no systematic information on governance structures in these areas exists. This study – based on a novel data set – gives an overview of governance arrangements in OECD metropolitan areas. It shows that organisations dedicated to metropolitan area governance are common, but often have little powers. Nevertheless, the existence of such organisations is related with better performance on a range of important outcome variables, such as public transport systems, environmental issues, and urban sprawl.
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    DOI: 10.1787/5jz43zldh08p-en
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  • 62
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    OECD forecasts during and after the financial crisis : a post mortem (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (90 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1107
    Keywords: Finanzkrise ; Wirtschaftslage ; Wirtschaftsprognose ; Inflation ; Prognoseverfahren ; Finanzpolitik ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery, focussing on lessons that can be learned. The projections repeatedly over-estimated growth, failing to anticipate the extent of the slowdown and later the weak pace of the recovery – errors made by many other forecasters. At the same time, inflation was stronger than expected on average. Analysis of the growth errors shows that the OECD projections in the crisis years were larger in countries with more international trade openness and greater presence of foreign banks. In the recovery, there is little evidence that an underestimate of the impact of fiscal consolidation contributed significantly to forecast errors. Instead, the repeated conditioning assumption that the euro area crisis would stabilise or ease played an important role, with growth weaker than projected in European countries where bond spreads were higher than had been assumed. But placing these errors in a historical context illustrates that the errors were not without precedent: similar-sized errors were made in the first oil price shock of the 1970s. In response to the challenges encountered in forecasting in recent years and the lessons learnt, the OECD and other international organisations have sought to improve their forecasting techniques and procedures, to improve their ability to monitor near-term developments and to better account for international linkages and financial market developments.
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    DOI: 10.1787/5jz73l1qw1s1-en
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  • 63
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    Would a growth slowdown in emerging markets spill over to high-income countries? : a quantitative assessment (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (23 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1110
    Keywords: 2010 - 2012 ; Außenhandel ; Wirtschaftswachstum ; Spillover-Effekt ; Schwellenländer ; Industrieländer ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances make some EMEs vulnerable to sudden reversals in capital flows while exceptionally rapid credit expansions, as those observed in Brazil, China, Poland and Turkey over the past years, may have raised financial risk. This paper assesses recent developments and vulnerabilities in EMEs and uses macroeconometric model simulations to provide quantitative estimates of spillovers to highincome countries. The results suggest that for each slowdown of 2 percentage points in EMEs, highincome countries’ growth could be around ⅔ percentage points lower on average, with around ½ percentage point accounted for by trade. Experience with past EME crises suggests that this could be exacerbated by effects from exchange rates and by financial market turbulence. OECD countries which would be hit hardest include Belgium, Japan and the Netherlands, reflecting mainly strong trade linkages with EMEs.
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    DOI: 10.1787/5jz5m89p82d8-en
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  • 64
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    How to improve Israel's health-care system (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (40 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1114
    Keywords: Basisgesundheitsversorgung ; Gesundheitsvorsorge ; Sterblichkeit ; Israel ; Social Issues/Migration/Health ; Economics ; Israel ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Israelis enjoy higher life expectancy and have a much younger demographic profile than most OECD countries. However, the demand for health care is expanding rapidly due to population growth and ageing. Also, the country’s wide socio-economic divides are reflected in differences in health outcomes. To date the health-care system, centred on four health funds, is widely acknowledged as providing a basket of universal services, with good quality primary and secondary care, while also accommodating demand for private health care. However, there are challenges and tensions in the system. Currently the authorities are having to rapidly expand the number of places in medical schools and nurse training because large cohorts of health-care professionals are heading for retirement. More broadly, there are concerns that the core notion of a universal basket of services is being eroded by co-payments and the increasing demand for the additional services and options provided by private insurance. Although the quality of care is generally good, in hospital care there is room to improve data and concern that overcrowding may become chronic. This Working Paper relates to the 2013 OECD Economic Review of Israel (www.oecd.org/eco/surveys/economicsurvey- israel.htm).
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    DOI: 10.1787/5jz5j1sltwtb-en
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  • 65
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    Spillover effects from exiting highly expansionary monetary policies (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (44 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1116
    Keywords: Geldpolitik ; Spillover-Effekt ; Finanzmarkt ; Finanzkrise ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The prospective normalisation of monetary policies in the main OECD areas will be challenging given that current policy rates are likely to be significantly below neutral levels and that central bank balance sheets will be above the pre-crisis levels by a wide margin. Monetary policy normalisation is likely to start in the United States before other main OECD areas, with potential global spillovers, as was already experienced in mid-2013 when the mere discussion of tapering unsettled global financial markets. A gradual increase in interest rates, in the context of strong growth and rising equity values, would contribute to a balanced US recovery and have a benign impact on the rest of the world. However, a rapid rise in bond yields would risk generating instability in the US shadow banking sector, and the financial system more generally, even if banks seem increasingly resilient to such a shock. Although model simulations suggest that a large and protracted government bond yield shock would not have large trade spillovers in the absence of crisis events in the United States or abroad, an induced increase in bond yields in other countries, together with an induced large decline in equity prices, would have a sizeable effect on the OECD and largest emerging market economies. The latter countries are particularly vulnerable to such spillovers given their generally less liquid financial markets and, in some cases, weak fundamentals related to the banking system and external financing. In the United States, the authorities should aim at managing smoothly the exit and at strengthening the resilience of shadow banking institutions so that the risk of liquidity-induced fire sales is reduced. This should be accompanied in other countries by measures to increase the resilience to interest rate shocks, and when the shock occurs, allowing exchange rates to adjust flexibly and implementing offsetting fiscal measures if scope is available.
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    DOI: 10.1787/5jz417mb6dzp-en
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  • 66
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    Enhancing competition and the business environment in Hungary (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (31 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1123
    Keywords: Steuer ; Produktivität ; Betriebliches Umfeld ; Institutioneller Wandel ; Ungarn ; Finance and Investment ; Economics ; Industry and Services ; Hungary ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Over the past decade, the growth potential of the Hungarian economy has declined substantially. Trend productivity has ceased to increase, and investment has fallen to historically low levels. To an important extent, the explanation lies in a business environment characterised by high administrative burdens, regulatory volatility, barriers to growth of small and medium-sized enterprises (SMEs) and entrepreneurship, and limited competition in major non-tradable sectors, problems which have sometimes become worse in recent years. Under these conditions, many SMEs find it hard to leave semi-informality and grow. Large multinational firms operating in manufacturing often have supplier networks weakly anchored in Hungary, while those in the non-tradable sectors sometimes face little competitive pressure; in both cases, positive spillovers to the domestic economy remain limited. Steps should be taken both at the economy-wide level and in specific sectors to increase investment and restore productivity growth. Such measures must include fostering greater regulatory stability, inter alia by reducing the flow of new regulation and improving its quality, not least in taxation. Investor confidence would benefit from promoting trust and transparency in public institutions. Apart from vigorous competition enforcement across the economy, it is essential to remove sector-specific obstacles to competition, such as barriers to entry of different types, lock-in effects and distortive regulated prices, in retail, professional services, energy, and telecommunications. This Working Paper relates to the 2014 OECD Economic Survey of Hungary (www.oecd.org/eco/surveys/economic-survey-hungary.htm).
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    DOI: 10.1787/5jz2pwfr0nzq-en
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  • 67
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    Local public finances and municipal reform in Finland (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (37 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1121
    Keywords: Gemeindesteuer ; Öffentliche Dienstleistung ; Finanzbeziehungen ; Gemeindefinanzen ; Dezentralisierung ; Gebietsreform ; Effizienzlohn ; Finnland ; Urban, Rural and Regional Development ; Economics ; Finland ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Finnish municipalities enjoy ample fiscal autonomy and provide or arrange the provision of a large share of public services. In recent years, their spending and debt has been increasing steadily, especially because of population ageing and increases in the cost of health care and social services. Furthermore, small municipalities are often struggling to align service provision with national standards. The government has launched a reform to create more efficient municipalities through voluntary mergers. Both international experience and costs per capita across Finnish municipalities suggest an optimal size for municipalities of over 20 000 inhabitants, at least outside remote areas. As mergers are to be voluntary, the outcome of the reform remains uncertain. If merger plans prove insufficient to achieve efficient public service provision, the government could impose mergers on smaller municipalities, especially around the main urban areas. Responsibilities of smaller municipalities could be scaled back in all functions where economies of scale and scope can be achieved. Policies also need to be flexible enough to allow restructuring of services after mergers. Partnerships between public or private entities to provide services could be developed further in some areas. Finally, the tax structure and fiscal rules should be enhanced to ensure long-term fiscal sustainability. This Working Paper relates to the 2014 OECD Economic Survey of Finland (www.oecd.org/eco/surveys/economicsurvey- finland.htm).
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    DOI: 10.1787/5jz2qt0zj024-en
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  • 68
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    Tackling labour mismatches and promoting mobility in Hungary (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (38 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1122
    Keywords: Fachkräfte ; Qualifikation ; Steuer ; Zweiter Arbeitsmarkt ; Bildung ; Wohnung ; Verkehr ; Ungarn ; Employment ; Economics ; Hungary ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Significant labour market mismatches and insufficient mobility penalise employment and productivity. Mismatches have above all a skills dimension, with an excess of low-skilled workers and a possible lack of skilled workers in certain domains. Reducing the high tax wedge on low salaries and avoiding excessive minimum wage increases would support demand for low-skilled labour. In the longer term, upgrading the labour supply requires improving educational outcomes, especially of disadvantaged students, and making the school-to-work transition less abrupt. To facilitate good matching and enhance sectoral mobility, a somewhat longer duration of unemployment benefits and an upscaled Public Employment Service would be of value, as well as greater focus on reintegration in the public works programme and more efficient and developed lifelong learning. Besides skills mismatches, important geographic mismatches are illustrated by high and persistent regional disparities in the unemployment rate. Mobility is hampered by the underdevelopment of the rental housing market, while there is room to enhance the efficiency of public transport to further support commuting.
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    DOI: 10.1787/5jz2px6jtpmt-en
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  • 69
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    Macroprudential policy tools in Norway : strengthening financial system resilience (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (41 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1126
    Keywords: Finanzmarktregulierung ; Finanzmarktaufsicht ; Immobilienmarkt ; Norwegen ; Finance and Investment ; Economics ; Norway ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: In Norway house prices have risen to high levels, associated with very strong credit growth, in a context of low interest rates. Such a combination was in many countries a contributory factor to the 2008- 09 crisis. The Norwegian authorities have been well aware of the problem. Below-target inflation and low interest rates abroad have kept policy interest rates low. “Macro-prudential” tools have been developed as additional policy instruments with a view to strengthen the banking system’s resilience to possible shocks and dampen systemic risk. This chapter notes that although authorities seem to have succeeded in containing over-heating pressures in the housing market, high levels of household indebtedness persist, a phenomenon which was an important factor in the last major Norwegian recession. The chapter also provides some longer run considerations on resource allocation in the housing market. This Working Paper relates to the 2014 OECD Economic Survey of Norway (www.oecd.org/eco/surveys/economic-survey-norway.htm).
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    DOI: 10.1787/5jz2mm2vbhjk-en
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  • 70
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    What explains the volume and composition of trade? : industrial evidence from a panel of countries (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (37 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1128
    Keywords: Außenhandel ; Vorleistungen ; Zoll ; Internationale Arbeitsteilung ; Faktorproportionentheorem ; Empirische Methode ; Welt ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper quantifies the importance of different determinants of trade at the industry level using a sample of 54 OECD and non-OECD economies. The empirical methodology extends the approach of previous empirical studies to explicitly quantify the impact that trading partners’ factor endowments and policies have on bilateral trade, and to analyse the effect of tariffs on the volume and composition of trade. We find that distance, common language, common border and regional trade agreements are important determinants of overall trade, and that factor endowments, policies and institutions, of both the exporter and its trading partners, are main determinants of what and where a country exports. By contrast, we find that trade policies based on tariffs on imported goods not only generate negative spillovers to trading partners by reducing their exports, but they are also likely to reduce exports of countries that impose the tariffs, in particular in industries that rely more on intermediate goods.
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    DOI: 10.1787/5jz2hz3tm6vj-en
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  • 71
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    An update of the OECD International Trade Equations (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (51 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1129
    Keywords: Außenhandel ; Außenhandelselastizität ; Prognoseverfahren ; BRICS-Staaten ; Indonesien ; Argentinien ; OECD-Staaten ; Economics ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper provides a detailed description of recent research to re-estimate and re-specify the international trade volume and price equations that are used in the OECD Economics Department to analyse and project international trade developments. The set of countries covered by the estimations has been significantly enlarged, with estimates of the factors affecting export performance, import penetration and trade prices presented for 41 countries, including countries that have recently joined the OECD (Chile, Estonia, Israel and Slovenia) and major emerging countries (Argentina, Brazil, China, India, Indonesia, Russia and South Africa). Reflecting the heterogeneity of countries included in the estimations, procedures for grouping them have been modified to allow for country specifics as much as possible. Structural breaks over the estimation period – which now typically covers the mid-1980s to 2012 and includes the global trade collapse of 2009 – are dealt with by the flexible modelling of deterministic trends, including the allowance for several rather than single trend reversals.
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    DOI: 10.1787/5jz2bxbkrxmv-en
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  • 72
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    Overcoming vulnerabilities of pension systems (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (49 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1133
    Keywords: Rentenfinanzierung ; Umlageverfahren ; Rentenreform ; OECD-Staaten ; Indonesien ; BRICS-Staaten ; Social Issues/Migration/Health ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Demographic developments are unfavourable for the financing of pension schemes in most OECD countries, implying continued growth in pension expenditure in virtually all OECD countries. This paper examines the vulnerability of pension systems, with an emphasis on financial sustainability and adequacy. Policy trade-offs and complementarities are reviewed and flanking policies which could underpin successful pension reforms are examined. Automatic adjustment mechanisms are highlighted, as are the roles of prudential regulation and buffer or reserve funds in the case of shocks. Pension system vulnerability indicators are presented for all OECD countries, and the challenges and vulnerabilities of pensions systems in the BRIICS countries are reviewed.
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    DOI: 10.1787/5jz1591prxth-en
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  • 73
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    Approaches to protection of undisclosed information (trade secrets) : background paper (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (327 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 162
    Keywords: Geschäftsgeheimnis ; Immaterialgüterrechte ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper takes stock of the available legal protection for trade secrets (undisclosed information) in a broad sample of countries. Drawing on national and international material, the paper develops and presents an indicator of the stringency of protection of trade secrets (the Trade Secrets Protection Index) and provides an assessment of variation in the available protection. The result is a finding that while the sample countries have some similarities, notably with respect to definition and scope of trade secrets, they have many more substantial dissimilarities with respect to implementation of protection for trade secrets. For example, differences are particularly pronounced in evidence gathering and discovery, protection of trade secrets during litigation, technology transfer requirements and the effectiveness of legal systems with respect to enforcement. This diversity is reflected in the wide range of scores in the Trade Secrets Protection Index. Such variation in the stringency of protection for trade secrets may influence firm-level decision-making and may have implications for some aspects of economic performance (in particular, in relation to innovation).
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    DOI: 10.1787/5jz9z43w0jnw-en
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  • 74
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    Access network speed tests (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (51 S.) , graph. Darst.
    Series Statement: OECD digital economy papers 237
    Keywords: Telekommunikationsnetz ; OECD-Staaten ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: This report examines the approaches being taken to measure broadband performance by reviewing information on official speed tests to date as well as their strengths and drawbacks in methodologies, emerging good practices and the challenges in undertaking a harmonised approach across OECD countries. Measurement projects for Internet connection performance face greater potential hurdles than for traditional telecommunication networks, while at the same time, new opportunities are emerging in terms of “crowd-sourced” data collected through applications installed by users. The report provides classification of those measurement approaches with suggestions on how they can be selected and implemented depending on different policy goals.
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    DOI: 10.1787/5jz2m5mr66f5-en
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  • 75
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    State-invested enterprises in the global marketplace : implications for a level playing field (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (68 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 14
    Keywords: 1998 - 2012 ; Luftverkehr ; Elektrizitätsversorgung ; Bergbau ; Erdölindustrie ; Telekommunikationsdienst ; Öffentliches Unternehmen ; Multinationales Unternehmen ; Internationaler Wettbewerb ; Welt ; Finance and Investment ; Governance ; Industry and Services ; Arbeitspapier ; Graue Literatur
    Abstract: State-owned and other state-invested enterprises (SIEs) have become more prominent in the global economy over the last decade. A growing role for state-invested enterprises in the marketplace is not in itself onerous. According to an OECD consensus, as expressed through the Organisation’s legal instruments, SOEs can be operated according to similarly high standards of governance, transparency and efficiency as private companies, in which case the ownership issue is moot. However, only some of the world’s most advanced economies, following decades of reform of their SOE sectors, have approached this point. Moreover, when SOEs operate across borders the challenges may multiply. With this background, this paper compares the difference between SIEs and non- SIEs in five sectors: air transportation, electricity, mining, oil & gas and telecommunication. The empirical analysis indicates that, in addition to any financing advantages, large state-invested enterprises also seem to benefit from an unusually favourable position in their home markets. A comparative analysis further shows that, in the course of the last ten years, SIEs have generally enjoyed higher rates of return than comparable private companies. The paper concludes that the growing role of state-invested enterprises in the international marketplace does not yet present a serious macroeconomic challenge. However, since it is likely to keep growing for some time, challenges need to be addressed relatively soon. This makes for a strong case for enhanced policy coordination and information sharing. If legally binding instruments cannot be developed in the near to medium-term to ensure competitive neutrality, consultation mechanisms could be established through which the main players in international trade and investment can exchange views on matters of common concern related to the state in the marketplace. The ultimate purpose would be ensuring that the international trade and investment environment remains open, non-discriminatory and offering a level playing field.
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    DOI: 10.1787/5jz0xvfvl6nw-en
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  • 76
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    Changes in family policies and outcomes : is there convergence? (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (90 S.) , graph. Darst.
    Series Statement: OECD social, employment and migration working papers 157
    Keywords: Familienpolitik ; Wirkungsanalyse ; OECD-Staaten ; Employment ; Social Issues/Migration/Health ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents new information on trends in family and child outcomes and policies over the past decades, in order to assess whether there has been any convergence over time across OECD and EU countries. Important drivers of population structure such as life expectancy and fertility rates are becoming more similar across countries as are marriage and divorce rates. Increased educational attainment has contributed to greater female employment participation and convergence therein across countries. Child well-being outcomes show a more mixed pattern with improvements and convergence in infant mortality, but varying trends in child poverty across countries.
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    DOI: 10.1787/5jz13wllxgzt-en
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  • 77
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    The role of national ecosystem assessments in influencing policy making (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (52 S.) , graph. Darst., Kt.
    Series Statement: OECD environment working papers 60
    Keywords: Naturschutz ; Nachhaltige Entwicklung ; Erneuerbare Ressourcen ; Umweltpolitik ; Umweltökonomik ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: An ecosystem assessment is a social process through which the findings of science concerning the causes of ecosystem change, their consequences for human well-bring, and the management and policy options are evaluated. Ecosystem assessments can play an important role in synthesising and communicating complex information and can both inform and influence decision-making processes. This paper draws insights from experience with National Ecosystem Assessments (NEAs) recently undertaken in the UK, Japan, Spain, and Portugal, as well as other ecosystem assessments undertaken at regional and international geographical scales, and highlights lessons learned so that the impact of NEAs on policy can be enhanced. The paper concludes by identifying key issues needed to develop practical guidance for successful ecosystem assessments.
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    DOI: 10.1787/5jxvl3zsbhkk-en
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  • 78
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    Exploring potential data sources for estimating private climate finance (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (70 S.) , graph. Darst.
    Series Statement: OECD environment working papers 69
    Keywords: Klimawandel ; Umweltschutzinvestition ; Private Investition ; Schätzung ; Datenerhebung ; Environment ; Arbeitspapier ; Graue Literatur
    Abstract: The paper reviews a number of commercial and public data sources to examine their potential for increasing coverage and understanding of the volume and characteristics of private climate finance beyond renewable energy projects. Such information is needed to assess progress towards the global transition to low-carbon, climate-resilient economies, as well towards the fulfilment of international commitments by developed countries under the United Nations Framework Convention on Climate Change. The data sources investigated in this analysis are evaluated across four areas relating to their: (i) use of sectoral classification systems; (ii) coverage of private finance transactions and instruments; (iii) definitions and methods for categorising finance as private and identifying its geographic origin; and (iv) data access restrictions and methodological transparency. To provide a frame of reference, the paper distils corresponding definitions and methodologies used by key known data sources for tracking climatespecific finance as well as investments and finance more broadly...
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    DOI: 10.1787/5jz15qwz4hs1-en
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  • 79
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    Tax preferences for environmental goals : use, limitations and preferred practices (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (56 S.) , graph. Darst.
    Series Statement: OECD environment working papers 71
    Keywords: Umweltpolitik ; Steuervergünstigung ; Steuerwirkung ; Steuerpolitik ; Umweltbewusstsein ; Environment ; Taxation ; Arbeitspapier ; Graue Literatur
    Abstract: This paper reviews the use of tax preferences to achieve environmental policy objectives. Tax preferences involve using the tax system to adjust relative prices with a view to influencing producer or consumer behaviour in favour of goods or services that are considered to be environmentally beneficial. They take various forms, typically a partial or total exemption from a specified tax. Because tax preferences help to avoid or reduce costs for businesses or consumers, there are often pressures on governments to favour them over other instruments. As a result, they are sometimes used inappropriately, typically to address negative externalities for which they are not well suited. The paper suggests that the comparative advantage of tax preferences is in providing support for positive externalities, that is situations in which a subsidy would help to deliver more social benefits than would otherwise be the case. When designing tax preferences, care must be taken to ensure that they do not encourage technological lock-in, provide perverse incentives for environmentally harmful activities (the rebound effect), or reward producers or consumers for actions they would have taken anyway. Since tax preferences are a form of subsidy, they should be subject to the same degree of scrutiny and oversight as other forms of public expenditure.
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    DOI: 10.1787/5jxwrr4hkd6l-en
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  • 80
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    Health, austerity and economic crisis : assessing the short-term impact in OECD countries (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (54 S.) , graph. Darst.
    Series Statement: OECD health working papers 76
    Keywords: 2008 ; Wirtschaftskrise ; Wirkungsanalyse ; Konjunkturstatistik ; OECD-Staaten ; Social Issues/Migration/Health ; Arbeitspapier ; Graue Literatur
    Abstract: The economic crisis that started in 2008 has had a profound impact on the lives of citizens. Millions of people lost their job, saw their life-savings disappear and experienced prolonged financial hardship. The economic crisis has also led a number of OECD governments to introduce austerity measures to reduce public deficits. The health sector, like many other social welfare programmes, has witnessed extensive spending cuts and has also been the subject of substantial reforms. The combined effects of economic crisis, austerity and reforms have led many OECD health systems into unchartered territory. This paper looks at the impact of economic crisis on health and health care. It summarises findings from the published literature on the effects of economic crisis that took place over the past few decades and also describes recent health policy reforms, focusing on those countries where the economic crisis has hit hardest. Finally, this paper analyses the empirical relationship between unemployment and health care use, quality and health outcomes, using data from OECD Health Statistics. In doing so, it investigates whether the effects of unemployment on health outcomes have been extenuated by austerity measures...
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    DOI: 10.1787/5jxx71lt1zg6-en
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  • 81
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    A calculated risk : how donors should engage with risk financing and transfer mechanisms (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (33, III, III S.) , graph. Darst.
    Series Statement: OECD development co-operation working papers 17
    Keywords: Humanitäre Hilfe ; Finance and Investment ; Development ; Arbeitspapier ; Graue Literatur
    Abstract: Better financial preparedness against risk is a central part of a comprehensive approach to disaster management. Risk financing and risk transfer are approaches to planning for risks that cannot be reduced or avoided practically or cost-effectively and may include a strategy and practical measures to ensure the availability of funds for post-disaster relief and reconstruction, commensurate with the scale and frequency of anticipated risks. Risk financing is of growing interest to a wide range of development and humanitarian actors searching for solutions to bridge a growing global post-disaster financing gap. This report describes key features of risk financing and risk transfer, examines some of the current challenges at the contextual and programmatic levels as well as institutional challenges donors might face in engaging in risk financing and recommends a set of principles and policy approaches to guide future donor support and engagement.
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    DOI: 10.1787/5jz122cn65s6-en
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  • 82
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    Developments in regional trade agreements and the environment : 2013 update (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (27 S.) , graph. Darst.
    Series Statement: OECD trade and environment working papers 2014/01
    Keywords: Environment ; Trade ; Arbeitspapier ; Graue Literatur
    Abstract: This report provides an update on recent developments in the field of Regional Trade Agreements and the environment. Issues arising in the implementation of RTAs with environmental considerations are examined as well as experience in assessing their environmental impacts. This is the seventh update prepared under the aegis of the Joint Working Party on Trade and Environment (JWPTE) since the series began with the 2007 publication Environment and Regional Trade Agreements. The document covers developments from late 2012 to October 2013. It is based on publicly available information.
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    DOI: 10.1787/5jz0v4qcg9zw-en
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  • 83
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    Measuring income inequality and poverty at the regional level in OECD countries (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (61 S.) , graph. Darst.
    Series Statement: OECD statistics working papers 2014/03
    Keywords: Einkommensverteilung ; Armut ; Messung ; Regionalwissenschaft ; OECD-Staaten ; Social Issues/Migration/Health ; Urban, Rural and Regional Development ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The extent to which income inequality and poverty vary within countries across different regions is very relevant for policy decisions and monitoring. However, sub-national measures are scarce, given the complexity of producing indicators at the regional level from the available data and the methodological issues related to cross-countries comparability. This paper presents a set of indicators of income inequality and poverty across and within regions for 28 OECD countries. These indicators were produced through a new household-level data collection based on internationally harmonized income definitions undertaken as part of the OECD project on “Measuring regional and local well-being for policymaking”. The data were collected at the OECD TL2 territorial level, corresponding to NUTS2 regions in Europe and to large administrative subdivisions (e.g. States in Mexico and Unites States) for non-European countries. These estimates confirm that there are significant variations in levels of income inequality within countries, and that regional breakdowns are useful for understanding sources and patterns of income disparities and poverty. For most of the countries relying on survey data for measuring income distribution, standard cross-sectional indicators of income inequality and relative poverty at this regional level are estimated with low precision in the smallest regions due to small samples. This has two main implications for data producers and analysts. First, systematic reporting of confidence intervals is needed to make meaningful comparisons of inequality levels across regions and with respect to the national averages. Second, averaged measures for multiple years or small area estimation methods should be considered as means for obtaining more robust measures. The issues related to the estimation of standard errors for three-year averages in rotational panel surveys and to the definition of the computational sampling structure for sub-national estimates are discussed in the paper.
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    DOI: 10.1787/5jxzf5khtg9t-en
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  • 84
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    International migration : the relationship with economic and policy factors in the home and destination country (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (31 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1140
    Keywords: Internationale Migration ; Entwicklung ; Arbeitsmarkttheorie ; Migrationspolitik ; Wirtschaftspolitik ; Entwicklungspolitik ; Welt ; Social Issues/Migration/Health ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Unfavourable demographic trends in many OECD countries threaten the sustainability of potential labour resources, GDP growth and fiscal positions. One factor that is expected to mitigate these trends is continued inflows of migrant workers from low income economies. However, a rapid catch-up in productivity and wages in these traditional source countries vis-à-vis the OECD may weaken economic incentives for migration and imply a transition away from current migration patterns. This paper uses data of the high-skilled and low-skilled migrant stock between 92 origin and 44 destination countries to highlight the relationship between economic factors and migration. The paper also attempts to uncover links with policy and demographic factors prevailing in the origin and destination countries. The analysis suggests that higher skill-specific wages in the destination country are associated with more migration. This relationship appears to be particularly strong for migrants from middle-income countries, supporting theories of an inverted-U relationship between origin country economic development and the propensity to migrate. Policy differences between the destination and origin also appear important, for example in terms of regulations on businesses and labour markets, along with the relative quality of institutions. In some instances, the effects on high-skilled and low-skilled migrants differ markedly. Combining the estimated coefficients from the model with the skill-specific wage profile from the OECD long-term growth projections highlights the potential for weaker future migrant flows to OECD countries than implied by past trends and embedded in official projections.
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    DOI: 10.1787/5jz123h8nd7l-en
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  • 85
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    Making the best of new energy resources in the United States (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (40 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1147
    Keywords: 2007 - 2014 ; Rohstoffpolitik ; Energiereserven ; Bergbauerzeugnis ; Umweltbelastung ; Rohstoffsteuer ; USA ; Energy ; Taxation ; Economics ; United States ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Since around 2007, the country has been enjoying an “energy renaissance” thanks to its abundant stocks of shale oil and gas. The resurgence in oil and gas production is beginning to create discernible economic impacts and has changed the landscape for natural gas prices in the United States, boosting competitiveness. In order to reap the benefits fully, significant investment is needed. Federal and state governments capture some of the resource rents, but there are potential opportunities to increase taxation and use the revenues to support future well-being. Taxing natural resource rents with profit taxes can be less distortionary than other forms of taxation, though only one state uses this form of tax. Production of shale resources, like other forms of resource extraction, poses a number of challenges for the environment. Respecting demands on water resources requires adequate water rights are in place while state and federal regulators need to monitor the environmental impact of hydraulic fracturing closely and strengthen regulations as needed. Natural gas is a potential “bridge fuel” towards a lower carbon economy, helping to reduce emissions by leading to a substitution away from coal. Flanking measures are desirable to counter natural gas hindering renewables and low prices stymieing innovation. This Working Paper relates to the 2014 OECD Economic Survey of United States (www.oecd.org/eco/surveys/United States).
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    DOI: 10.1787/5jz0zbb8ksnr-en
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  • 86
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    Improving well-being in the United States (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (46 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1146
    Keywords: Lohnniveau ; Lohnstruktur ; Bildung ; Zeitverwendung ; Arbeitsangebot ; Soziale Sicherheit ; Arbeitszufriedenheit ; Lebensqualität ; USA ; Social Issues/Migration/Health ; Economics ; United States ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Life is quite good in the United States compared to other OECD countries, thanks to strong economic growth and technological progress having lifted average income to high levels. Nonetheless, there is evidence that the benefits from growth have not been sufficiently broad based. Self-reported happiness increases with income, an issue particularly resonant in a country with among the highest levels of income inequality in the OECD and a pattern of inequality that appears to be moving toward even more concentration at the very top at the expense of the middle class and the poor. Working hours that remain among the longest in the OECD are also creating challenges for work-life balances, child education, personal care and leisure. These pressures are contributing to higher job strain and work-related stress with unhealthy consequences, including for mental health, and a detrimental impact on employability and medical costs. While these trends cannot be easily reversed, a number of policy options are being usefully rolled out and other initiatives are being considered: federal-level policies improving access to health care and early-childhood education, state-level initiatives favouring workplace flexibility, firm-level investments in job quality and greater attention to the health consequences of job-stress. If successfully adopted, they would go a long way toward improving the well-being of American working families. This Working Paper relates to the 2014 OECD Economic Survey of United States (www.oecd.org/eco/surveys/United States).
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    DOI: 10.1787/5jz0zbc80tvl-en
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  • 87
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    Workplace stress in the United States : issues and policies (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (19 S.)
    Series Statement: OECD Economics Department working papers 1150
    Keywords: Stress ; Gesundheit ; Arbeitsmarktpolitik ; USA ; Employment ; Social Issues/Migration/Health ; Economics ; United States ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Despite relative affluence, workplace stress is a prominent feature of the US labour market. To the extent that job stress causes poor health outcomes – either directly through increased blood pressure, fatigue, muscle pain, etc. or indirectly through increased rates of cigarette smoking – policy to lessen job stress may be appropriate. Focusing predominantly on the United States, this report reviews the literature on a variety of economic concerns related to job stress and health. Areas in which economists may provide valuable insights regarding job stress include empirical selection concerns in identifying the effect of stress on health; measurement error with respect to stress; the existence and magnitude of compensating differentials for stress; and the unique “job lock” effect in the United States created by a system of employer-provided health insurance. This report concludes with a brief discussion of US policies related to job stress. This Working Paper relates to the 2014 OECD Economic Survey of the United States (www.oecd.org/eco/surveys/United States ).
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    DOI: 10.1787/5jz0zb5t4532-en
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  • 88
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    Fostering a creative economy to drive Korean growth (2014)
    Paris : OECD, Economics Dep.
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    Language: English
    Pages: Online-Ressource (38 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1152
    Keywords: Übernahme ; Unternehmensgründung ; Gründungsförderung ; Crowdfunding ; Konglomerat ; Business Angels ; Forschung ; KMU ; Regulierung ; Entrepreneurship ; Bankgarantie ; Technologiepolitik ; Immaterielle Werte ; Risikokapital ; Südkorea ; Economics ; Industry and Services ; Korea, Republic of ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level. The returns from Korea’s large investment in innovation should be enhanced by improving framework conditions – easing product market regulations, promoting international competition and enhancing labour market flexibility – to encourage the adoption of new technology. Venture businesses and start-ups should play a key role in commercialising innovation. To make venture investment a growth driver, it is important to expand the role of business angels, activate the merger-and-acquisition market and foster entrepreneurship. A creative economy also depends on making SMEs, which account for 87% of employment, more dynamic. SME policies should be streamlined and improved to promote market-based financing and reduce the negative effects of government funding programmes, which discourage the expansion of SMEs. The growth of small firms also depends on resolving labour market mismatches and taking full advantage of the opportunities afforded by the Internet. This Working Paper relates to the 2014 OECD Economic Survey of Korea (www.oecd.org/eco/economic-survey-korea.htm).
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    DOI: 10.1787/5jz0wh8xkrf6-en
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  • 89
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    An exploration of the determinants of the subjective well-being of Americans during the Great Recession (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (28 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1158
    Keywords: Finanzkrise ; Lebensqualität ; Zeitverwendung ; Arbeitsangebot ; Lohnniveau ; Lohnstruktur ; Öffentliche Sozialleistungen ; Arbeitszufriedenheit ; Bildung ; USA ; Social Issues/Migration/Health ; Economics ; United States ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective wellbeing reflected in the OECD Better Life Framework impact subjective well-being. The results show that income is an important determinant of subjective well-being. The unemployed and the disabled are significantly less satisfied with their lives than the working population, while the retired and the homemakers are more satisfied. The paper expands the existing evidence by showing that homeowners, registered voters and those with access to health insurance have higher levels of subjective well-being. Time spent walking or exercising is positively correlated with happiness, while working more than 50 hours per week or spending time on health-related activities is negatively correlated with subjective well-being, and higher levels of anxiety. This Working Paper relates to the 2014 OECD Economic Survey of United States (www.oecd.org/eco/surveys/economic-survey-united-states.htm)
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    DOI: 10.1787/5jxzc9p57lq3-en
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  • 90
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    Reducing macroeconomic imbalances in Turkey (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1160
    Keywords: Finanzpolitik ; Wettbewerb ; Finanzmarktregulierung ; Leistungsbilanz ; Geldpolitik ; Sparen ; Türkei ; Economics ; Turkey ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these imbalances endure. The financial sector still looks resilient thanks to buffers built up mainly prior to the financial crisis. However, private sector balance sheet risks have gained prominence as leverage increased. Macroeconomic and structural policy levers need to steer a passage between robust but externally unsustainable growth and externally viable but low growth. Monetary policy needs to bring inflation and inflation expectations closer to target. Macroprudential policies could more systematically lean against capital inflows and credit cycles to reduce private sector balance sheet vulnerabilities. The fiscal stance is broadly appropriate, but compliance with a multi-year general government spending ceiling would help avoid pro-cyclical loosening in case of revenue surprises and help boost domestic saving. Overall, policies should help reduce the risk of disruptions in capital flows as monetary policy stimulus is being withdrawn in the United States.
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    DOI: 10.1787/5jxx055pjf0x-en
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  • 91
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    Fostering inclusive growth in Turkey by promoting structural change in the business sector (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (46 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1161
    Keywords: Unternehmensbesteuerung ; Arbeitsmarkt ; Informelle Wirtschaft ; Produktivität ; Strukturwandel ; Wirtschaftswachstum ; Türkei ; Economics ; Industry and Services ; Turkey ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Turkey’s business sector dynamism has underpinned broad-based and inclusive growth in the 2000s. However, the business sector is highly segmented, with a relatively small core of modern high-productivity corporations, and myriad small, less formal and low-productivity entities. This hampers efficient resource allocation and tends to entrench social inequalities. It also makes it difficult to build on-the-job human capital for the large number of low-skilled. This segmentation needs to be overcome to raise productivity in the informal, low-skill and low-productivity sector, and to facilitate resource transfers from low to higher productivity businesses. This ought to be achieved by aligning Turkey’s formal regulatory and tax framework with OECD best practice, rather than through “second-best” arrangements where noncompliance with rules co-exists with selective subsidies to parts of the formal sector. Labour market and business taxation reforms are particularly important to enable all categories of enterprises to operate flexibly on a rule-based, level playing field and to achieve productivity enhancing and socially inclusive restructuring.
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    DOI: 10.1787/5jxx0554v07c-en
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  • 92
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    Reducing the high rate of poverty among the elderly in Korea (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1163
    Keywords: Alternde Bevölkerung ; Altersarmut ; Altersvorsorge ; Grundbedürfnisse ; Südkorea ; Social Issues/Migration/Health ; Economics ; Korea, Republic of ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem. The immediate priority is to target the Basic Old-Age Pension on the lowest-income elderly to ensure that they escape from absolute poverty. The Basic Livelihood Security Programme should be used to top up the income of poor elderly by further relaxing eligibility requirements. In addition, reforms are needed to develop an effective three-pillar system of retirement income based on the National Pension Scheme (NPS), company pensions and individual savings. Making the NPS more effective in reducing elderly poverty requires expanding its coverage, focusing on improved compliance among non-regular and self-employed workers, lengthening average contribution periods and maintaining the NPS replacement at around 50%, keeping it close to the OECD average. The increase in the contribution rate should begin as soon as possible, as delays would only make the necessary increase larger. This Working Paper relates to the 2014 OECD Economic Survey of Korea (www.oecd.org/eco/surveys/economic-survey-korea.htm)
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    DOI: 10.1787/5jxx054fv20v-en
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  • 93
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    Investment gaps after the crisis (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1168
    Keywords: Finanzkrise ; Investitionsentscheidung ; Kapitalkosten ; Entscheidung unter Unsicherheit ; Wirtschaftsprognose ; Bilanz ; Eurozone ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage points of GDP or more in several countries. A significant proportion of this investment shortfall is attributable to soft demand conditions (the accelerator effect) but financial factors and heightened uncertainty have also played a role. In addition to continued support to demand from macroeconomic policies, the recovery in investment could be boosted by tackling longer-term policy issues that bear on investment decisions indirectly, by reducing financial fragmentation in the euro area and by undertaking growth-friendly structural reforms.
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    DOI: 10.1787/5jxvgg76vqg1-en
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  • 94
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    Secular stagnation : evidence and implications for economic policy (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (29 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1169
    Keywords: Stagnation ; Zins ; Produktionspotenzial ; Geldpolitik ; Inflation ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour hysteresis and discouraged investment. Obtaining firm evidence is complicated by considerable uncertainties surrounding estimates of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However, signs of secular stagnation are most evident in the euro area, particularly in the vulnerable members, in contrast to the United States and the United Kingdom, where evidence is less firm. Japan is arguably in the advanced stage of secular stagnation that started almost two decades ago. In countries with symptoms of secular stagnation, more monetary and fiscal stimulus should be accompanied by structural reforms to boost potential growth and neutral rates. Evidence on hysteresis effects strengthens the case for accommodative policies. In general, the large uncertainty about the size and persistence of hysteresis and risks associated with certain measures pose policy dilemmas and call for a comprehensive policy response.
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    DOI: 10.1787/5jxvgg6q27vd-en
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  • 95
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    The internet economy : regulatory challenges and practices (2014)
    Paris : OECD, Economics Dep.
    Details
    Language: English
    Pages: Online-Ressource (36 S.) , graph. Darst.
    Series Statement: OECD Economics Department working papers 1171
    Keywords: Internet ; Electronic Commerce ; Regulierung ; Wettbewerb ; Verbraucherschutz ; Vergleich ; Welt ; Science and Technology ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: The Internet has become an integral part of the everyday life of households, firms and governments. Its proper functioning over the long run is therefore crucial for economic growth and people’s wellbeing more generally. The success of the Internet depends on its openness and the confidence of users. Designing policies that protect society while allowing for Internet’s great economic potential to be fulfilled, is a difficult task. This paper investigates this challenge and takes stock of existing regulations in OECD and selected non-OECD countries in specific areas related to the digital economy. It finds that despite the regulatory difficulties, the Internet is far from being a “regulation-free” space as there are various industry standards, co-regulatory agreements between industry and the government, and in some cases also state regulation. Most of them aim at protecting personal data and consumers more generally. In many cases generally applicable laws and regulations exist that address privacy, security and consumer protection issues both in the traditional and the digital economy.
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    DOI: 10.1787/5jxszm7x2qmr-en
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  • 96
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    Consumer policy guidance on intangible digital content products (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (22 S.)
    Series Statement: OECD digital economy papers 241
    Keywords: Digitale Güter ; Verbraucherpolitik ; OECD-Staaten ; Science and Technology ; Arbeitspapier ; Graue Literatur
    Abstract: Digital content, such as e-books and apps that are available through streaming, downloads or cloud computing platforms, has become the fastest growing e-commerce product category. To support further growth, it is important that consumers, including children, understand what their rights and obligations are when acquiring and using such products. In particular, consumers need to know about the conditions under which they may copy and share products, and on which devices the products may be used. They also need to be informed about how their personal data may be collected and used, with whom it may be shared and why, and the type of redress that may be obtained when problems arise.
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    DOI: 10.1787/5jxvbrjq3gg6-en
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  • 97
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    Corporate governance enforcement in the Middle East and North Africa : evidence and priorities (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (49 S.) , graph. Darst.
    Series Statement: OECD corporate governance working papers 15
    Keywords: Aktionärsrechte ; Board of Directors ; Gerichtsbarkeit ; Minderheitsaktionäre ; Rechtsdurchsetzung ; Corporate Governance ; Finanzmarktaufsicht ; Börse ; Aktienrecht ; Gesellschaftsrecht ; MENA-Staaten ; Finance and Investment ; Governance ; Arbeitspapier ; Graue Literatur
    Abstract: Corporate governance frameworks in the Middle East and North Africa region have undergone a substantial evolution in the past decade. Better enforcement of corporate governance rules and regulations has in the past three years emerged as both a policy challenge and a priority for the region. This emphasis on better enforcement reflects a number of trends including political changes in some countries of the region, the global call for better surveillance of the adoption of governance rules as well as low investor engagement in the region. This paper examines key developments in public and private corporate governance enforcement in the region. It highlights the growing level of public enforcement as expertise within the securities regulators is growing. The paper provides policy recommendations on specific aspects of governance frameworks such as the treatment of related party transactions and board member responsibilities which - if better regulated - could result in more effective governance enforcement in the region.
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    DOI: 10.1787/5jxws6scxg7c-en
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  • 98
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    Deep provisions in regional trade agreements : how multilateral-friendly? ; an overview of OECD findings (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 168
    Keywords: Handelsabkommen ; Regionale Wirtschaftsintegration ; Handelspräferenzen ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Over the past decade, an increasing number of economies have resorted to regional trade agreements (RTAs) as a means to further the market-opening and rule-making agenda. In this context, this paper addresses the question as to whether and how selected elements of RTAs could be used as ‘stepping stones’ for multilateralisation in the future. The report synthesizes the OECD work on RTAs by examining regional provisions that deepen (WTO-plus) and expand (WTO-beyond) multilateral commitments across a broad range of policy areas. It finds that WTO-plus measures are becoming more widespread and similar over time, suggesting that there may be growing receptivity and preparedness to endorse higher levels of commitments. The report distils a set of attributes that may be able to render WTO-plus provisions more amenable to multilateralisation, either through a bottom-up (RTA-driven) or top-down (WTO-driven) approach. It considers the degree of convergence, homogeneity, discrimination, enforceability and economic impact of selected measures in RTAs, with a view to moving towards a shared understanding of multilateral-friendly practices that can be promoted in regional negotiations.
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    DOI: 10.1787/5jxvgfn4bjf0-en
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  • 99
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    Services Trade Restrictiveness Index (STRI) : telecommunication services (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 172
    Keywords: Telekommunikationssektor ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Science and Technology ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for telecommunications. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for telecommunications and captures regulations in force in 2013. The scores range between 0.06 and 0.61, with a sample average of 0.22. Barriers to competition, reflecting inadequate regulation of incumbents with significant market power, and state ownership in some countries make the largest contribution to the index value, followed by restrictions on foreign entry. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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    DOI: 10.1787/5jxt4nk5j7xp-en
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  • 100
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    Services Trade Restrictiveness Index (STRI) : distribution services (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (27 S.) , graph. Darst.
    Series Statement: OECD trade policy papers 173
    Keywords: Vertrieb ; Unternehmensdienstleistung ; Dienstleistungshandel ; Handelshemmnisse ; Indexberechnung ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper presents the services trade restrictiveness indices (STRIs) for distribution services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. The STRIs capture de jure restrictions. This report presents the first vintage of indicators for distribution services and captures regulations in force in 2013. The scores range between 0.02 and 0.40, with a sample average of 0.13. It is observed that the regulatory profile differs across countries. Restrictions on foreign ownership and other market entry conditions significantly contribute to the results for almost half of the countries covered by the STRI. The paper presents the list of measures included in the indices, the scoring and weighting system for calculating the indices and an analysis of the results.
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    DOI: 10.1787/5jxt4njvtfbx-en
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