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  • English  (66)
  • Ellis, Jane  (34)
  • Égert, Balázs  (32)
  • Paris : OECD Publishing  (66)
  • Paris : OECD Publishing.
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  • 1
    Language: English
    Pages: 1 Online-Ressource (73 p.) , 21 x 28cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2023/02
    Keywords: Environment
    Abstract: Parties established the Mitigation Work Programme (MWP) at COP26 to ”urgently scale up mitigation ambition and implementation” to help reach the temperature goal of the Paris Agreement. At COP27, Parties further fleshed out the MWP, which will be operationalised each year between 2023-2026 via at least two global dialogues, other dialogues and investment-focused events. This paper outlines key questions that could shape the aims, scope, focus, format, and participation in the dialogues, as well as the possible interplay between the MWP global dialogues and investment-focused events by drawing on experiences with other processes and events inside and outside the UNFCCC. This paper also provides lessons from examples in three sub-sectors where mitigation actions have been rapidly scaled up. This paper highlights several open questions related to the substance, process, and timing of the global dialogues and the investment-focused events, as well as potential linkages between these. The paper also discusses possible implications of different choices on these open questions. Decisions on the scope, format, and aims of the MWP dialogues will influence their impacts and the relevance of these dialogues to different countries and stakeholders. Yet, dialogues and events under the MWP will face trade-offs between concentrating on short- versus longer-term issues and outcomes and on choosing a broad or narrow focus. Such choices will impact how many countries the event or dialogue is relevant to. In addition, there are various ongoing initiatives and events outside the UNFCCC that are relevant to the aims of the MWP and that the MWP could usefully learn from. Careful mapping and co-ordination are needed to ensure that the MWP builds on, rather than duplicates, existing initiatives and events within and beyond the UNFCCC.
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  • 2
    Language: English
    Pages: 1 Online-Ressource (105 p.) , 21 x 28cm.
    Series Statement: OECD Environment Working Papers no.220
    Keywords: Agriculture and Food ; Environment
    Abstract: This paper investigates the potential role and contribution of carbon pricing in transforming emission pathways towards net zero GHG emissions. It reviews carbon pricing’s impacts, overall and in the electricity sector in selected jurisdictions to date. The paper also analyses the current and potential application of emissions pricing (e.g. emissions trading schemes or carbon taxes) in food systems. The analysis finds that carbon pricing could contribute to net zero pathways alongside other policies, yet price levels and coverage to date have been too low to reduce emissions in line with the Paris Agreement’s goals. Carbon pricing’s contribution to net zero pathways could be further strengthened, including by incentivising demand-side shifts, sequencing policies and enhancing international carbon pricing collaboration. Applying emissions pricing in food systems faces significant short-term technical, methodological, and political barriers and could have just transition implications but reducing emissions from food systems could also lead to many co-benefits.
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  • 3
    Language: English
    Pages: 1 Online-Ressource (49 p.) , 21 x 28cm.
    Series Statement: OECD Economics Department Working Papers no.1781
    Keywords: Economics
    Abstract: This paper evaluates the link between educational policies and i) student performance and ii) macroeconomic measures of productivity. The analysis has two stages. First, using the 2015 and 2018 PISA databases, it quantifies the relationship between student test scores and the characteristics of students taking the tests, their school environment and national educational systems. Second, assuming that these relationships reflect the effect of different characteristics/policies on student test performance, the second stage converts the latter into an estimated effect on macroeconomic measures of productivity using a new measure of human capital as an intermediary variable. This new measure of human capital, devised in previous OECD work, combines student test scores and mean years of schooling with estimated elasticities that suggest the former is more important. The analysis shows a positive association between spending on education and student test scores, but only for levels of student expenditure below the OECD median, suggesting scope for currently low-spending countries to raise student performance with potential gains to long-run productivity. Boosting participation in early childhood education as well as improving teacher quality is found to generate large aggregate productivity gains. There are significant, but smaller, macroeconomic gains for many countries from limiting grade repetition and ability grouping across all subjects as well as increasing the accountability of schools. Finally, the results provide evidence for income inequality having a major influence on productivity through a human capital channel.
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  • 4
    Language: English
    Pages: 1 Online-Ressource (91 p.) , 21 x 28cm.
    Series Statement: OECD Environment Working Papers no.191
    Keywords: Environment
    Abstract: This paper assesses the role of carbon pricing in a sustainable recovery from COVID-19. It tracks the policy changes in carbon pricing within OECD and G20 countries between January 2020 and August 2021 of the COVID-19 pandemic. Carbon pricing as defined here includes emissions trading schemes, fossil fuel support and carbon, fuel excise or aviation taxes. The paper also highlights the need for the recovery to be sustainable and discusses the advantages, limitations and uses of carbon pricing therein. In addition, it describes additional challenges to as well as increased rationale for carbon pricing in the pandemic. It provides evidence on the effects of carbon pricing on the challenges and discusses carbon pricing design elements to help overcome those challenges. The paper concludes that there were more policy changes with an expected negative impact on climate. However, it is likely that the impact of the climate-positive changes – which are broader in coverage and scope - will outweigh the climate-negative changes.
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  • 5
    Language: English
    Pages: 1 Online-Ressource (31 p.) , 21 x 28cm.
    Series Statement: OECD Economics Department Working Papers no.1709
    Keywords: Economics
    Abstract: This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling (representing the quantity of education). In contrast to the existing literature, the relative weights of each component are not imposed or calibrated but directly estimated. The paper finds that the elasticity of the stock of human capital with respect to the quality of education is three to four times larger than for the quantity of education. The new measure has a strong link to productivity with the potential for productivity gains being much greater from improvements in the quality than quantity component of human capital. The magnitude of these potential gains in MFP is comparable to a similarly standardised improvement in product market regulation, but the effects materialise with much longer lags. The paper demonstrates through the example of pre-primary education, how to simulate the impact of a particular reform to education policy on human capital and productivity.
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  • 6
    Language: English
    Pages: 1 Online-Ressource (23 Seiten) , 21 x 28cm.
    Series Statement: OECD Economics Department Working Papers no.1718
    Keywords: Economics
    Abstract: The paper considers whether structural reforms have a different impact on adjusted household disposable income (AHDI) compared to GDP, particularly given that while the latter is currently used as the basis for the OECD Economics Department’s framework for evaluating the effect of structural policy reforms, the former is arguably a better measure of welfare. The main findings are that there are indeed a number of structural policies where the long-run effects on GDP and AHDI are proportionately different, so that percentage changes in the two aggregates are significantly different following a policy reform. One group of structural policies, typically those where the transmission mechanism depends mainly on productivity and capital intensity (including cuts in corporate income tax and policies to simulate business R&D) or which can weaken the bargaining power of labour (for example a loosening of EPL), have weaker long-run positive effects on AHDI than GDP. Other structural reform policies (including in-kind family benefits, family cash benefits and cuts in the income tax wedge) have a magnified effect on AHDI, so that following a policy reform, long-run percentage changes in AHDI are larger than for GDP. Cross-referencing the analysis in the paper with structural reform priorities previously identified in the OECD’s regular Going for Growth surveillance exercise, suggests that increased spending on childcare and early childhood education might usefully be part of any policy package to address the ‘cost of living crisis’ currently being faced by many OECD households.
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  • 7
    Language: English
    Pages: 1 Online-Ressource (135 p.) , 21 x 28cm.
    Series Statement: OECD Papers on Well-being and Inequalities no.7
    Keywords: Lebensqualität ; Zufriedenheit ; Sozialer Indikator ; Einkommensverteilung ; Politik ; Wirkungsanalyse ; Slowenien ; Social Issues/Migration/Health ; Slovenia
    Abstract: This paper first identifies Slovenia’s main well-being challenges, namely to boost productivity and increase performance on economic indicators without compromising its low levels of inequalities in wealth and income, and to strive for better human capital outcomes, including health outcomes and adult skills. Second, the paper assesses the welfare impacts of some structural reforms based on the shadow price of employment, which is equal to 3% of household income. The largest welfare impacts stem from: i) a cut in regulation of the energy, transport and communication sectors; ii) an increase in ALMPs; iii) a cut in the average tax wedge on households; iv) a cut in the minimum wage; v) an increase in the number of weeks of maternity leave; vi) a cut in the replacement rate of unemployment benefits.
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  • 8
    Language: English
    Pages: 1 Online-Ressource (65 Seiten) , 21 x 28cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2022/02
    Keywords: Energy ; Environment
    Abstract: Greenhouse gas (GHG) mitigation actions will need to be accelerated and scaled up at both national and sub-national levels in order to meet the temperature goals of the Paris Agreement. National governments can play an important role in enabling GHG mitigation actions by non-Party stakeholders (NPS), and in enhancing the interaction between national policies and NPS actions. This paper explores actions national governments could take to facilitate NPS mitigation action in two sub-sectors with large mitigation potential and where NPS play a key role in the successful implementation of mitigation activities. These sectors are renewable electricity generation and procurement in cities and Reducing Emissions from Deforestation and forest Degradation in sub-national jurisdictions. This paper outlines some institutional, regulatory, financial and technical barriers faced by NPS in implementing GHG mitigation activities in these sub-sectors and highlights some examples of national policies and measures that have allowed specific NPS to overcome these barriers. The paper also showcases examples of enabling policy frameworks at the national level that could encourage the replication of such mitigation actions by NPS. An important, common element for successful replication of mitigation activities is for national governments to facilitate co-ordination with NPS; to improve consistency between national and sub-national policies; to identify and clarify responsibilities between different actors; and to regularly review and potentially revise national policies that may unintentionally create barriers to NPS mitigation actions.
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  • 9
    Language: English
    Pages: 1 Online-Ressource (46 p.) , 21 x 28cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2022/03
    Keywords: Energy ; Environment
    Abstract: “Authorisation” is a new but as yet undefined component of the guidance for implementation of Article 6 of the Paris Agreement. Authorisation is important as it triggers both corresponding adjustments and reporting requirements. This paper identifies and analyses open questions related to what is authorised, by what process, for what purpose, the format and timing of authorisation, and how any ex-post changes to authorisation can be made. The answers to these questions can affect the attractiveness for Parties and the private sector to participate in Article 6 cooperation. The paper also outlines areas of Article 6.2 guidance that could be usefully clarified at the international level, and implications of different options for the domestic implementation of Article 6 authorisation provisions, drawing from examples of a few frontrunner Parties who have already established bilateral agreements and domestic structures for international cooperation under Article 6. The paper concludes that some of the open questions could be clarified at the international level, such as how to report any changes to authorisations and if the authorisation needs to be provided concurrently by the participating Parties. Other questions could be clarified at the national level by the participating Parties providing the authorisation. These include whether participating Parties can choose to include additional elements in their authorisations, and which roles authorised entities could play.
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  • 10
    Language: English
    Pages: 1 Online-Ressource (22 p.) , 21 x 28cm.
    Series Statement: OECD Economics Department Working Papers no.1729
    Keywords: Economics
    Abstract: This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the COVID-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated to range between 0.4% and 2.1% after 45 years, for 12 weeks and 2 years of school closure, respectively. These results appear to be broadly consistent with earlier findings in the literature. Two opposing effects might influence these estimates. Online teaching would lower economic costs while learning losses in tertiary education (not considered here) would inflate them. Policies aimed at improving the quality of education and adult training will be needed to offset or, at least, alleviate the impact of the pandemic on human capital.
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  • 11
    Language: English
    Pages: 1 Online-Ressource (35 p.)
    Series Statement: OECD Economics Department Working Papers no.1672
    Keywords: Coronavirus ; Impfung ; Morbidität ; Bruttoinlandsprodukt ; Wirkungsanalyse ; OECD-Staaten ; Economics
    Abstract: New variants of the virus are spreading which, together with seasonal effects, are estimated to be able to raise effective reproduction numbers by up to 90%. Meanwhile, many countries are rolling out vaccination programmes, but at varying speeds. Hence the race is on to beat the variants with the vaccines. Vaccination is very powerful at reducing virus transmission: fully vaccinating 20% of the population is estimated to have the same effect as closing down public transport and all-but-essential workplaces; fully vaccinating 50% of the population would have a larger effect than simultaneously applying all forms of containment policies in their most extreme form (closure of workplaces, public transport and schools, restrictions on travel and gatherings and stay-at-home requirements). For a typical OECD country, relaxing existing containment policies would be expected to raise GDP by about 4-5%. Quick vaccination would thus help limit the extent to which containment policies need to be escalated in future epidemic waves, providing huge welfare benefits both in terms of fewer infections and stronger economic activity.
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  • 12
    Language: English
    Pages: 1 Online-Ressource (66 p.)
    Series Statement: OECD Environment Working Papers no.173
    Keywords: Environment ; Taxation ; Development ; Economics ; Trade
    Abstract: This paper assesses quantitative estimates based on economic modelling studies of the economic and environmental benefits from different forms of international co-ordination on carbon pricing. Forms of international co-ordination include: harmonising carbon prices (e.g. through linking carbon markets), extending the coverage of pricing schemes, phasing out fossil fuel subsidies, developing international sectoral agreements, and establishing co-ordination mechanisms to mitigate carbon leakage. All forms of international co-operation on carbon pricing can deliver benefits, both economic (e.g. lower mitigation costs) and/or environmental (e.g. reducing GHG emissions and carbon leakage). Benefits tend to be higher with broader participation of countries, broader coverage of emissions and sectors and more ambitious policy goals. Most, but not all, countries gain economic benefits from international co-operation, and these benefits vary significantly across countries and regions. Complementary measures outside co-operation on carbon pricing (e.g. technology transfers) could ensure that co-operation provides economic benefits for all countries.
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  • 13
    Language: English
    Pages: 1 Online-Ressource (68 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2021/02
    Keywords: Clean Development Mechanism ; OECD-Staaten ; Welt ; Energy ; Environment
    Abstract: This paper identifies and analyses options for the design of the Article 6.4 mechanism in two key areas. These are the possible transition of eligible activities registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) to the Article 6.4 mechanism; and the registration of new activities under the Article 6.4 mechanism. The paper outlines possible transition options and potential implications for four issues relating to host Party approval of activities and to the use, review and revision of baseline methodologies and accreditation standards. The paper also highlights the steps needed to register new or transitioned activities under the Article 6.4 mechanism, and how co-ordination between different actors can facilitate a transition. The paper concludes that there are options available to ensure that the Article 6.4 mechanism can be implemented within a few years of a formal agreement on the rules, modalities and procedures for Article 6, and can build on the significant experience gained with the CDM. The paper highlights different ways that this CDM experience can be built on, and outlines the varying administrative and environmental implications of doing so.
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  • 14
    Language: English
    Pages: 1 Online-Ressource (81 p.) , 21 x 28cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2021/04
    Keywords: Internationale Klimapolitik ; Berichtswesen ; Transparenz ; Energy ; Environment
    Abstract: Reporting and review requirements under the Paris Agreement include provisions under Article 13 relating to the implementation and achievement of Parties’ Nationally Determined Contributions (NDCs). Draft texts relating to Article 6.2 relating to Parties’ use of cooperative approaches also include provisions on reporting and review. This document identifies and analyses issues related to the interplay of relevant reporting and review requirements under both Article 13 and Article 6 of the Paris Agreement, as it is important to improve complementarity and ensure consistency between the two sets of reporting and review provisions, as well as to meet the already-agreed principles governing transparency. Regarding reporting, the document highlights options for improving the clarity of the provisions concerning the timing, content, and frequency of the three required types of information under Article 6.2 guidance (i.e., the initial report, annual information, and regular information). Regarding Internationally Transferred Mitigation Outcomes (ITMOs), this document highlights several issues relating to timing and vintages that would need to be addressed to facilitate ITMO reporting and review implementation. Regarding review provisions, this document finds that draft A6.2 guidance could usefully provide further detail on some substantive aspects of the Article 6 review process, such as, e.g., clarifying roles of the Party, the TER team, and the secretariat in the review process.
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  • 15
    Language: English
    Pages: 1 Online-Ressource (87 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2020/04
    Keywords: Coronavirus ; Klimawandel ; Treibhausgas-Emissionen ; Klimaschutz ; Welt ; Energy ; Environment
    Abstract: This paper provides decision-makers with a framework for prioritising different economic, social and environmental goals and analysing the options available to achieve them. To this end, it develops three stylised COVID-19 recovery pathways (“Rebound”, “Decoupling” and “Wider well-being”) that differ in the extent to which they encompass greenhouse gas (GHG) emission reductions and the integration of mitigation and wider well-being outcomes or, broadly equivalently, SDGs. A number of real-world examples of COVID-19 recovery measures in the surface transport and residential sectors were identified, and the paper maps these measures onto these three stylised pathways. The paper finds a wide divergence in the environmental and social impacts of COVID-19 recovery measures developed to date, with several countries putting in place measures that correspond to all three pathways. The nature and pace of economic recovery in different countries and in aggregate will have important implications for existing, updated and new Nationally Determined Contributions (NDCs) under the Paris Agreement, and the paper also highlights the possible impact of the COVID-19 recovery measures being put in place on NDCs– including on the ambition of both current and future NDCs. The paper concludes that it will be important for governments to improve their understanding of the impact of their recovery measures across multiple policy dimensions (economic, social, environmental) as well as across different time periods (short and long-term) and spatial scales.
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  • 16
    Language: English
    Pages: 1 Online-Ressource (62 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2020/01
    Keywords: Environment
    Abstract: Common Tabular Formats (CTFs) for the reporting of information necessary to track progress towards Nationally Determined Contributions (NDCs) under Article 4 of the Paris Agreement, including on the use of cooperative approaches, are to be adopted by COP26. This paper explores concrete examples and worked examples for the structured summary of information to track progress, including on information on cooperative approaches. This paper finds that the structured summary would be more likely to meet the principles established in the Paris Agreement and related decisions, including the Modalities, Procedures and Guidelines (MPGs), if it was separated into CTFs for reporting on tracking progress indicators and a CTF for reporting on the use of cooperative approaches.
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  • 17
    Language: English
    Pages: 1 Online-Ressource (55 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2019/05
    Keywords: Energy ; Environment
    Abstract: Different options of methodological approaches for setting emission baselines are currently under consideration in the international climate negotiations. This paper examines options for baseline approaches for the Article 6.4 mechanism, and draws lessons from how baselines have been used for other market mechanisms. The paper highlights that the different approaches being discussed offer advantages and disadvantages in the context of Article 6.4. Moreover, the paper points out that a one size- fits-all approach to setting baselines is unlikely to be appropriate for the new mechanism, given the variety of possible mitigation activity types and contexts. In particular, analysis of Clean Development Mechanism projects shows that a single baseline approach led to wide variations in baseline levels, implying the need to revise some methodologies if they are to be applied to Article 6.4. The paper also discusses benefits and implications for host Parties participating in the Article 6.4 mechanism, which may affect how Parties achieve their NDCs.
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  • 18
    Language: English
    Pages: 1 Online-Ressource (49 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2019/02
    Keywords: Energy ; Environment
    Abstract: The Modalities, Procedures and Guidelines (MPGs) adopted at COP24 in Katowice lay out rules for reporting and reviewing information under the Enhanced Transparency Framework of the Paris Agreement. The Katowice decision on the MPGs requests the Subsidiary Body for Scientific and Technological Advice (SBSTA) to develop Common Tabular Formats (CTFs) for the reporting of information on, inter alia, financial support provided, mobilised and received. This paper analyses key issues and options that Parties may wish to consider when developing CTFs for reporting on these elements. The widespread use of CTFs for climate finance reporting could potentially facilitate comparability and aggregation of data and information on financial support in the future. This paper also develops options for CTF tables for the three areas of financial support analysed.
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  • 19
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 1 Online-Ressource (circa 40 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1482
    Keywords: Wirtschaftliche Anpassung ; Regulierung ; Institutionelle Infrastruktur ; Produktivitätsentwicklung ; Investition ; Erwerbstätigkeit ; Vergleich ; OECD-Staaten ; Schwellenländer ; Economics ; Amtsdruckschrift ; Graue Literatur
    Abstract: This paper summarises earlier OECD work aimed at quantifying the impact of structural reforms on economic outcomes. It overviews: i.) insights obtained for the linear relationships linking policies and economic outcomes (including multi-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how policies interact with each other in OECD countries, and iii.) results extended for emerging-market economies looking at whether policy effects vary across countries depending on the level of economic development and whether institutions have an influence on economic outcomes. The paper lists of policies and institutions that could be used to quantify the effect of reforms. It also gives some guidance on how to quantify reforms in OECD and non-OECD countries. It provides mid-point estimates of the long-run effects on per capita income levels through the three supply-side channels. Finally, it raises the issue of estimation and model uncertainty.
    Note: Zusammenfassung in französischer Sprache
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
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  • 20
    Language: English
    Pages: 1 Online-Ressource (circa 30 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1487
    Keywords: Strukturwandel ; Wirtschaftliche Anpassung ; Regulierung ; Institutionelle Infrastruktur ; Produktivitätsentwicklung ; Investition ; Erwerbstätigkeit ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Graue Literatur
    Abstract: This paper presents country-specific effects of structural reforms. It discusses how sizeable and interesting country-specific effects can be identified in a panel setting by conditioning the impact of individual policies on their own level or on the stance of other policies and institutions. This approach allows for the incorporation of a potentially large set of additional policy areas including institutions and policy areas with limited time-series availability (e.g. sub-components of the Product Market Regulation indicator, housing market regulations and policies, Doing Business indicators and the quality of institutions such as the rule of law indicator or the efficiency of the legal system). Results suggest that for instance, when more stringent product market regulation hurts more in more open economies. Better institutions amplify the positive effect of R&D spending. Tax wedge reduction leads to less employment gains when EPL is not very stringent.
    Note: Zusammenfassung in französischer Sprache
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
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  • 21
    Language: English
    Pages: 1 Online-Ressource (93 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2018/03
    Keywords: Environment
    Abstract: An enhanced transparency framework is a central component of the Agreement, and will apply to all Parties, with flexibility for developing country Parties that need it in the light of their capacities. This paper examines how such flexibility might be operationalised when reporting information under the future enhanced transparency system for greenhouse gas inventories and for progress towards the mitigation component of NDCs under Article 4. The paper also highlights how improvements over time in reporting of adaptation, and support needed and received could be encouraged. For each individual reporting element in these four areas, the paper identifies possible ways that countries with a range of different capacity levels could provide information for specific elements under the four reporting areas examined in the paper.
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  • 22
    Language: English
    Pages: 1 Online-Ressource (circa 29 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1392
    Keywords: Arbeitsmarkt ; Strukturpolitik ; Kapitalintensität ; Investition ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of 32 OECD countries from 1985 to 2013, we show that more stringent product and labour market regulations are associated with less investment (lower capital stock). The paper also sheds light on the existence of non-linear effects of product and labour market regulation on the capital stock. Several alternative testing methods show that the negative influence of product and labour market regulation is considerably stronger at higher levels. The paper uncovers important policy interactions between product and labour market policies. Higher levels of product market regulations (covering state control, barriers to entrepreneurship and barriers to trade and investment) tend to amplify the negative relationships between product and labour market regulations and the capital stock. Equally important is the finding that the rule of law and the quality of (legal) institutions alters the overall impact of regulations on capital deepening: better institutions reduce the negative effect of more stringent product and labour market regulations on the capital stock, possibly through the reduction of uncertainty as regards the protection of property rights.
    Note: Zusammenfassung in französischer Sprache
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  • 23
    Language: English
    Pages: 1 Online-Ressource (circa 31 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1393
    Keywords: Produktivitätsentwicklung ; Messung ; Humankapital ; Makroökonomik ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but surprisingly little research has been conducted on the determinants of MFP at the macroeconomic level. In this paper, we seek to understand the drivers of country-level MFP with a special emphasis on product and labour market policies and the quality of institutions. For a panel of OECD countries, we find that anticompetitive product market regulations are associated with lower MFP levels and that higher innovation intensity and greater openness go in tandem with higher MFP. We also find that the impact of product market regulations on MFP may depend on the level of labour market regulations. Better institutions, a more business friendly environment and lower barriers to trade and investment amplify the positive impact of R&D spending on MFP. Finally, we also show that cross-country MFP variations can be explained to a considerable extent by cross-country variation in labour market regulations, barriers to trade and investment and institutions (including corruption).
    Note: Zusammenfassung in französischer Sprache
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  • 24
    Language: English
    Pages: 1 Online-Ressource (circa 44 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1354
    Keywords: Strukturwandel ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as observed changes in policies, the paper finds that product market regulation has the largest overall single policy impact five years after the reforms. But the combined impact of all labour market policies is considerably larger than that of product market regulation. The paper also shows that policy impacts can differ at different horizons. The overall long-term effects on GDP per capita of policies transiting through capital deepening can be considerably larger than the 5- to 10-year impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter horizon.
    Note: Zusammenfassung in französischer Sprache
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  • 25
    Language: English
    Pages: 1 Online-Ressource (circa 26 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1441
    Keywords: Produktivität ; Humankapital ; Messung ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Graue Literatur
    Abstract: This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity (MFP) is sensitive to alternative parameterisations. The starting point is the definition of MFP used in previous work in the OECD’s Economics Department (e.g. Johansson et al. 2013). They include alternative MFP measures, with human capital included or excluded, with different measures of Purchasing Power Parity (PPP) exchange rates, using time-varying capital depreciation rates and different measures of capital stock and labour input (headcount against hours worked). The main result of the paper is that whether or not human capital is included in MFP makes a significant difference for the level and dynamics of MFP. At the same time, MFP measures are less sensitive to other parameters of the calculation.
    Note: Zusammenfassung in französischer Sprache
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
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  • 26
    Language: English
    Pages: 1 Online-Ressource (circa 59 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1429
    Keywords: Strukturpolitik ; Wirtschaftsindikator ; Datenbank ; Wirtschaftsforschung ; Schwellenländer ; Wirtschaftswachstum ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Graue Literatur
    Abstract: This document describes the OECD’s new Structural Policy Indicators Database for Economic Research (SPIDER). The database compiles data from various existing databases. It contains indicators capturing structural policies (including institutions, framework condition policies and policies specifically related to labour markets and drivers of productivity and investment such as trade, skills and innovation). It also contains some basic macroeconomic indicators. The main idea of the database is to provide all the data needed for empirical analysis on structural policies in one place to facilitate empirical investigations. The indicators collected comprise three types of data: data with long-time series covering OECD countries, data covering a larger set of countries for a varying number of years, and finally a set of time-invariant indicators. The paper illustrates the use of the database on the basis of different growth regressions employed in the literature.
    Note: Zusammenfassung in französischer Sprache
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
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  • 27
    Language: English
    Pages: 1 Online-Ressource (circa 55 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1442
    Keywords: Erwerbstätigkeit ; Produktivität ; Regulierung ; Wirkungsanalyse ; OECD-Staaten ; Schwellenländer ; Economics ; Amtsdruckschrift ; Graue Literatur
    Abstract: This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by the OECDs’ Product Market Regulation (PMR) indicator improve economic outcomes. Lower barriers to foreign trade and investment help MFP. Lower barriers to entry and less pervasive state control of businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates. The paper shows that countries at different level of economic development face different policy impacts. Furthermore, PMR effects depend on the level of labour market regulations.
    Note: Zusammenfassung in französischer Sprache
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
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  • 28
    Language: English
    Pages: 1 Online-Ressource (30 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2017/02
    Keywords: Environment
    Abstract: Decision 1/CP.21 adopting the Paris Agreement established a mandate for a facilitative dialogue to be convened among Parties in 2018. This mandate established two main objectives of the 2018 facilitative dialogue (FD2018): to take stock of collective progress made towards long-term climate goals and to inform preparation of nationally determined contributions. Proposal(s) from the COP22 and COP23 presidencies on how the dialogue should be conducted are expected to be made by COP23. This paper “unpacks” the two main objectives of the FD2018 into distinct components, and examines the implications of addressing different components on the information needs of the FD2018. The paper also examines different types of information that could be required for FD2018 and their availability. Finally, the paper looks at other collective review or stocktake processes that have been carried out under the U.N. to identify relevant lessons for the FD2018, particularly regarding inputs and associated outputs.
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  • 29
    Online Resource
    Online Resource
    Paris : OECD Publishing
    In:  OECD Journal: Economic Studies Vol. 2016, no. 1, p. 91-108 | volume:2016 | year:2016 | number:1 | pages:91-108
    Language: English
    Pages: 1 Online-Ressource (18 p.) , 21 x 28cm.
    Titel der Quelle: OECD Journal: Economic Studies
    Angaben zur Quelle: Vol. 2016, no. 1, p. 91-108
    Angaben zur Quelle: volume:2016
    Angaben zur Quelle: year:2016
    Angaben zur Quelle: number:1
    Angaben zur Quelle: pages:91-108
    Keywords: Economics
    Abstract: This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It obtains the overall macroeconomic reform impacts by aggregating over the effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as observed changes in policies, the paper finds that product market regulation has the largest overall single policy impact five years after the reforms. But the combined impact of all labour market policies is considerably larger than that of product market regulation. The paper also shows that policy impacts can differ at different horizons. The overall long-term effects on GDP per capita of policies transiting through capital deepening can be considerably larger than the 5- to 10-year impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter horizon.
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  • 30
    Language: English
    Pages: 1 Online-Ressource (44 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2016/03
    Keywords: Environment
    Abstract: An enhanced transparency framework will be a central component of the post-2020 international climate policy regime under the Paris Agreement. This paper explores the issue of transparency of climate finance information in the context of climate finance goals under the United Nations’ Framework Convention on Climate Change (UNFCCC). The transparency framework of the Paris Agreement covers only a subset of climate finance, i.e. finance provided and mobilised by developed countries for developing countries, climate finance provided and mobilised by “other” countries for developing countries, as well as climate finance received by developing countries. This paper focuses on data collection, reporting and review of these elements, and explores how the transparency of information on climate finance provided and mobilised could be improved from current arrangements in order to meet the aims set out in the Paris Agreement.
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  • 31
    Language: English
    Pages: 1 Online-Ressource (17 p.)
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2017/04
    Keywords: Energy ; Environment
    Abstract: Discussions relating to the 2018 Facilitative Dialogue (FD2018), mandated under the Paris Agreement, are on-going. These discussions are on the scope, inputs, and modalities of the FD2018 as well as any outputs or outcomes from the FD2018. While the mandate of the FD2018 does not explicitly call for outputs or outcomes, identifying outcomes and outputs ex ante could be useful in focusing discussions and inputs to the facilitative dialogue, as well as in shaping its modalities. The objective of this paper is to highlight the implications of agreeing and identifying specific outputs and outcomes ex ante, and exploring what type of outputs and outcomes would best serve the interests of the FD2018. This document also identifies key questions that could guide decision-making on what modalities would be appropriate for the FD2018; however, identification of options for specific modalities of FD2018 are out of the scope of this paper.
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  • 32
    Language: English
    Pages: 1 Online-Ressource (circa 35 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1303
    Keywords: Dienstleistungssektor ; Regulierung ; Wettbewerb ; OECD-Staaten ; Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This document presents the new 2013 set of the OECD Regulatory Impact (REGIMPACT) indicator. It measures the impact of regulatory barriers to competition in non-manufacturing sectors on all industries, through intermediate inputs. The paper describes how the indicator is calculated and discusses a number of challenges and trade-offs when constructing the indicator. They relate to the composition of the indicator, how the slow-moving or time-invariant retail and professional services regulation data are integrated with the annual energy, transport and communication regulation (ETCR) indicator and what sector weights are used for the calculation of the REGIMPACT indicator. The document then compares the 2003, 2008 and 2013 vintages of the REGIMPACT indicator and the alternative (narrow and wide) definitions of the 2013 indicator. Finally, the paper uses sectoral data to illustrate the extent to which different vintages and alternative indicator definitions can possibly influence sector-level panel regression results for outcome variables such as productivity, investment and labour inputs.
    Note: Zusammenfassung in französischer Sprache
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  • 33
    Language: English
    Pages: 1 Online-Ressource (47 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2016/01
    Keywords: Energy ; Environment
    Abstract: The Paris Agreement, adopted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), reinforces the international framework for adaptation action by establishing a global adaptation goal. Under the Paris Agreement, countries have also agreed to an enhanced transparency framework for action, which includes adaptation. The Agreement also requests each Party to submit and update an “adaptation communication” as appropriate. This paper explores what elements of countries’ adaptation responses and progress could be reported under the Paris Agreement so as to better communicate efforts towards enhanced adaptation and resilience. The paper also highlights the potential benefits both at a national and an international level from identifying and collating adaptation-related information. Finally the paper outlines a possible structure of an adaptation communication, and identifies options and associated information needs for the adaptation-related components of the global stocktake agreed to in the Paris Agreement.
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  • 34
    Language: English
    Pages: 1 Online-Ressource (34 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2015/05
    Keywords: Energy ; Environment
    Abstract: Limiting the increase in global average temperature to below 2°C compared to pre-industrial levels will require ambitious mitigation action by a broad range of actors including Parties to the United Nations Framework Convention on Climate Change (UNFCCC), i.e., national governments, and non-party stakeholders (NPS). This paper focuses on three types of NPS, namely, sub-national governments, the private sector and financial institutions, and examines how the 2015 agreement could help the NPS encourage increased mitigation actions as well as the financing for such actions. The paper identifies five barriers that can prevent NPS from enhancing their actions and assesses how the current process under the UNFCCC is addressing these barriers for the pre-2020 period. It also explores options to establish or enhance links between the UNFCCC and NPS in the 2015 agreement for post-2020, in order to further address the barriers and enhance actions by NPS.
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  • 35
    Language: English
    Pages: 1 Online-Ressource (37 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2015/07
    Keywords: Energy ; Environment
    Abstract: There are many reasons why the United Nations Framework Convention on Climate Change (UNFCCC) reporting framework requests information from countries. These include understanding and tracking progress with individual or collective commitments or pledges, providing confidence and enhancing accountability in quantified information measured and reported, and providing background information on the scope and ambition of national climate responses. This paper highlights the gaps, inconsistencies and uncertainties in the current reporting framework, which was developed for both long-standing obligations and mitigation pledges for the period to 2020. The paper also identifies possible improvements in the UNFCCC reporting framework in the context of the post-2020 transparency framework and nationally determined contributions (NDCs) for the post-2020 period.
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  • 36
    Language: English
    Pages: 1 Online-Ressource (53 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2015/03
    Keywords: Energy ; Environment
    Abstract: Climate support will be an important element in reaching a post-2020 climate agreement at COP 21 in December 2015. To further increase and mobilise the levels of climate support post-2020, a number of proposals have been made in the negotiating text produced in the Geneva session of the Ad-hoc Working Group on the Durban Platform of the UN Framework Convention on Climate Change (UNFCCC) in February 2015. This paper explores the advantages and disadvantages of several of these proposals, focusing on those that are clear and specific. The paper assesses proposals on mobilising climate finance using the following criteria: (i) the level of financial flows that they could generate; (ii) how much of this could be mobilised in the UNFCCC context; (iii) the ease of implementation of the proposal; (iv) if and how such increased mobilisation could be monitored; and (v) whether the proposal would fill a specific gap in the context of climate support within the UNFCCC. The paper undertakes a similar assessment for proposals in the Geneva text on enhancing the level of technology development and transfer, as well as capacity building. It discusses whether the proposals could potentially increase technology development and transfer, capacity building and development, as well as whether they are likely to do so in practice, based on current experience and ease of implementation. The proposals vary significantly in the amount of climate support they could mobilise (or enhance, in the case of technology and capacity building), for a range of reasons. These include the particular wording of the proposals, their sensitivity to national implementation, uncertainty in measuring progress towards objectives, and in some cases the limited role the UNFCCC plays as an institution in a given area of climate support.
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  • 37
    Language: English
    Pages: 1 Online-Ressource (61 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2015/01
    Keywords: Energy ; Environment
    Abstract: Adaptation responses are needed to address the existing levels of climate variability and to prepare for future climate impacts. There is wide agreement that adaptation is an important issue and would benefit from being enhanced through more effective action and better planning. The prominence of adaptation in the UNFCCC negotiations has increased, in part as the scientific evidence has become clearer that climate change is occurring and its impacts are projected to grow in future. Efforts to enhance adaptation actions and increase resilience are thus expected to play a key role in the post-2020 climate agreement to be agreed at COP21 in December 2015. This paper explores how the 2015 agreement can help to foster enhanced policies and co-ordinate planning for greater resilience and adaptation capabilities at the national level. The paper considers the technical advantages and disadvantages of selected adaptation-related concepts that have been put forward in the negotiations. These include proposals for global or national goals; developing or improving adaptation institutions or planning; enhancing information availability; and facilitating or enhancing adaptation finance. Many of these proposals have the potential to improve sub-national, national and international planning about and responses to climate adaptation. However, the actual impact of these proposals is likely to vary significantly depending on how they are implemented on the ground.
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  • 38
    Language: English
    Pages: 1 Online-Ressource (52 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2014/07
    Keywords: Energy ; Environment
    Abstract: Shifting public and private investment from “brown” to “green” is an essential part of climate change. The post-2020 climate agreement to be agreed at COP 21 in December 2015 has the potential to play a significant role in signalling the importance of such a shift. This paper explores how the 2015 agreement could spur further mobilisation of climate finance by examining the current state of play regarding existing financing environments and mechanisms. These include examining the existing international institutional arrangements under the UNFCCC to see how balanced financing, co-ordination, streamlining and complementarity between institutions could be achieved. The paper also highlights the key role that in-country enabling environments can play in further mobilising public and private climate finance, and discusses how the 2015 agreement could enhance both “pull” and “push” factors for mobilisation. In addition, the paper also discusses how the agreement could facilitate the broad use of a spectrum of financial instruments and the further development of an enhanced system for measurement, reporting and verification of climate finance.
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  • 39
    Language: English
    Pages: 1 Online-Ressource (67 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2014/01
    Keywords: Energy ; Environment
    Abstract: There is widespread recognition that climate finance needs to be scaled up from its current levels. However, there is no clear view on how developed countries can efficiently and effectively mobilise further climate finance to meet the needs of developing countries. Developed countries have committed to mobilise USD 100 bn per year of climate finance for developing countries by 2020 from a variety of sources. These include both public and private finance, thus the private sector is likely to play a significant role in the mobilisation of climate finance to meet this commitment. This paper explores how scale-up and replication of effective climate finance interventions efficiently mobilise private climate finance. The interventions examined in the paper have already been, or are being, scaled up or replicated. Scaling-up and replication of such climate finance interventions could be an efficient way to increase the private sector’s interest in mobilisation of climate finance, and thus to make progress towards the USD 100 bn per year goal by 2020. The paper draws lessons from selected mitigation and available adaptation case studies at project- and programme-levels as well as from experience with international climate funds. The paper examines three key aspects needed to scale up and replicate climate finance. The first is the institutional structures and decision-making framework of the climate finance source, its aims, the scale at which it operates and how barriers to scaling-up and replication have been addressed. Second, the paper explores how demonstrating effective low-carbon, climate-resilient technologies and systems can facilitate scale-up and replication. Third, the paper discusses the influence of policies to enhance domestic enabling environments for scaling-up and replication.
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  • 40
    Language: English
    Pages: 1 Online-Ressource (24 p.) , 21 x 29.7cm.
    Series Statement: OECD Working Papers on Fiscal Federalism no.15
    Keywords: Taxation
    Abstract: This paper analyses the relationship between fiscal decentralisation and economic activity. Like other institutional arrangements, fiscal decentralisation affects firms, households and public entities, and the way they save, invest, spend or innovate. This in turn may have considerable consequences for the long-term growth potential of a country. Based on a set of growth regressions, the results suggest that the relationship between fiscal decentralisation and GDP per capita, productivity or human capital is positive and statistically significant, while the relationship with investment is insignificant. Doubling the sub-central tax or spending share (e.g. moving from a decentralisation ratio of 15 to 30%) is associated with an increase of GDP per capita by 3% on average. Revenue-based decentralisation indicators (e.g. decentralisation of tax revenue or tax autonomy) deliver results both statistically and economically (larger coefficients) more significant than spending-based indicators. The results vary little between federal and unitary countries in general. Intergovernmental transfers tend to be negatively associated with GDP per capita. Finally, the relationship between decentralisation and GDP per capita is non-linear, with results suggesting that returns to decentralisation are decreasing.
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  • 41
    Language: English
    Pages: 1 Online-Ressource (56 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2013/02
    Keywords: Energy ; Environment
    Abstract: At the 16th Conference of the Parties (COP) in 2010, developed countries formalised a collective climate finance commitment made previously in Copenhagen of “mobilising jointly USD 100 billion per year by 2020 to address the needs of developing countries...from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources” (UNFCCC, 2010). However, there is currently no definition of which “climate” activities, flows, or other interventions could count towards the USD 100 billion; what “mobilising” means; or even which countries are covered by this commitment. The paper examines different definitions used by 24 key actors in climate finance to quantify the level of private climate finance mobilised by their interventions, as well as the methods used to track such private climate finance. Key findings are that i) methodologies to assess and estimate mobilisation vary widely, and ii) considerable risk of double-counting exists.
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  • 42
    Language: English
    Pages: 1 Online-Ressource (58 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2013/04
    Keywords: Energy ; Environment
    Abstract: Ensuring that climate finance is used effectively will help to maximise its impact. The effectiveness of climate finance can be defined as the extent to which an activity attains its stated aims. These aims can vary, depending on the source of climate finance and how it is channelled. There are therefore different views on what “effective” climate finance is, as well as on how this effectiveness can be assessed. This paper explores how different communities view climate finance effectiveness; the policies or institutional pre-conditions that facilitate effectiveness; and how effectiveness is currently monitored and evaluated. The paper concludes by discussing the conflicts and trade-offs encountered in assessing effectiveness and a possible way forward in balancing multiple views and priorities.
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  • 43
    Language: English
    Pages: 32 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.942
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  • 44
    Language: English
    Pages: 44 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.938
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  • 45
    Language: English
    Pages: 1 Online-Ressource (44 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2012/01
    Keywords: Energy ; Environment
    Abstract: Developed countries have committed under the international negotiations to jointly mobilising USD 100 billion per year by 2020 for climate change mitigation and adaptation in developing countries. Yet consistent and comprehensive data to track this commitment are currently lacking. Such data will also help governments and the private sector understand how much and what type of climate finance is flowing today, so as to be able to evaluate progress and effectiveness of international climate finance flows. Estimates based on available data are highly uncertain and incomplete, highlighting several challenges in establishing a robust tracking system. A more political question is what should be the internationally agreed definition of “climate finance” or, absent agreement on that, what types of flows or activities might count towards the USD 100 billion? On the more technical side, challenges include clearly defining flows and sources of international climate finance, determining the cause and effect of flows, and establishing the boundaries of finance flowing towards climate change action. This paper considers what data are currently available to track climate finance, and demonstrates the complex nature of financial flows through examples across international and domestic as well as public and private flows. The examples highlight questions on how to count and track climate finance.
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  • 46
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 39 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.858
    Parallel Title: Parallelausg. Réduire la dette publique française : Les options de l'assainissement budgétaire
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  • 47
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 43 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.859
    Parallel Title: Parallelausg. Politiques environnementales de la France: Internaliser les externalités globales et locales
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  • 48
    Online Resource
    Online Resource
    Paris : OECD Publishing
    In:  OECD journal: economic studies Vol. 2011, no. 1, p. 1-23
    ISSN: 1995-2856
    Language: English
    Pages: 23 p
    Titel der Quelle: OECD journal: economic studies
    Publ. der Quelle: Paris : Organisation for Economic Cooperation & Development, 2008
    Angaben zur Quelle: Vol. 2011, no. 1, p. 1-23
    Keywords: Economics
    Abstract: How can public policy influence investment in infrastructure in network industries? Network industries rely mainly on fixed networks to deliver services, with investment being lumpy and largely irreversible. As a result, public policies – such as public provision, the introduction of competition and the regulatory environment – can potentially have an important impact on investment behaviour, with the net effect depending on the extent that policies boost socially-productive investment or reduce inefficient investment. Drawing on responses to a unique questionnaire assessing public policy in the network sectors, the information in this paper presents a systematic picture of relevant policies in place across OECD countries. Econometric analysis – both at the sectoral and firm level – finds that public policies can have significant quantitative effects. In particular, the introduction of competitive pressures through the reduction of barriers to entry and the combination of regulator independence and incentive regulation can promote investment in the sector.
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  • 49
    Language: English
    Pages: 1 Online-Ressource (58 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2011/04
    Keywords: Energy ; Environment
    Abstract: In 2010, the international community took steps to improve the system of reporting and verification under the United Nations Framework Convention on Climate Change (UNFCCC). Parties to the UNFCCC decided at the sixteenth meeting of the Conference of the Parties (COP 16) to enhance reporting for all countries and to conduct “international assessment and review” (IAR) of certain information from developed countries and “international consultations and analysis” (ICA) of biennial update reports from developing countries. This is a step change from the existing reporting and review system – particularly for developing countries, since information from these countries is currently reported on an infrequent basis and is not reviewed. Establishing a system that combines improved reporting with some form of international verification could improve the quality of information available internationally and increase confidence in the integrity of the information reported. This would help to build trust between countries and potentially also increase the level of ambition of mitigation actions. Further decisions need to be made by Parties in order to determine the scope, inputs, process, outputs and frequency of IAR and ICA, as the decisions agreed at COP 16 (known as the “Cancun Agreements”) provide limited guidance on these items. This paper outlines key questions to help guide such decisions and provides suggestions for the possible design and function of IAR and ICA. It outlines how they could build on existing review processes under the UNFCCC and draw on lessons from other multilateral review processes. The challenge for the international community will be to ensure that IAR and ICA are useful processes, both nationally and internationally, while minimising the resource requirements needed to implement them.
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  • 50
    Language: English
    Pages: 1 Online-Ressource (62 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2011/02
    Keywords: Energy ; Environment
    Abstract: The Cancun Agreements outlined the list of topics to be included in biennial reports and indicated that guidelines for them were to be developed, but provided limited guidance on their structure and content. This paper proposes a structure for biennial reports for both developed and developing countries under the UNFCCC, and outlines possible reporting formats by which countries could submit this information. The paper suggests that: (i) a similar structure is developed for biennial reports from both developed and developing countries; this would ensure consistency of information presented within different countries’ reports, and would also facilitate international assessment and review (IAR) and international consultations and analysis (ICA); (ii) three main sections are included for biennial reports from all Parties: GHG inventory information; progress on mitigation and mitigation actions; and financial, technology and capacity building support; in addition, a section on emissions projections would be mandatory for developed countries and optional for developing countries; (iii) biennial reports focus on key information where possible, with fuller descriptions and background information reported either in annexes (in the case of national inventory reports from developing countries) or less frequently via other reporting mechanisms under the UNFCCC (such as national communications). This paper also proposes that flexibility be maintained in the reporting guidelines for biennial reports. This could be achieved through the use of “reporting levels” which reflect the different national circumstances and levels of reporting experience between Parties (particularly within the group of developing country Parties). Parties could choose the most appropriate level for each section of their report according to their goal type or reporting capacity, and “move up” levels as and when they can (as is currently the case for GHG inventory calculations). A limited number of levels are suggested for developed countries, as in many cases reporting to the highest level is already mandatory for these countries. For developing countries there could be greater flexibility and a higher number of reporting levels, reflecting the broad range of national circumstances and reporting capacities within this group. The introduction of reporting levels into guidelines would allow countries to provide information at a level that is consistent with their current capabilities, and to improve their reporting over time.
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  • 51
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 27 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.759
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  • 52
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 48 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.763
    Keywords: Economics
    Abstract: This paper analyses the reaction of fiscal policy to the cycle in OECD countries. The results suggest that while overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings, discretionary fiscal policy was neutral on average. However, discretionary fiscal policy appears to react to the cycle in a non-linear fashion: fiscal policy in countries with high public debt and high government deficits tends to be pro-cyclical, while countries that have low public debt and that have surpluses are more likely to conduct a counter-cyclical fiscal policy. The paper also finds that asset prices have a significant impact on government balances.
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  • 53
    Language: English
    Pages: 1 Online-Ressource (44 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2010/01
    Keywords: Energy ; Environment
    Abstract: The UN Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol established reporting requirements for Parties. This has resulted in comprehensive and timely information on national greenhouse gas (GHG) emissions from Annex I Parties, periodic reporting of other information from Annex I Parties and irregular provision of GHG emissions and other information from non-Annex I Parties. Thus, the current reporting framework does not enable a complete or up-to-date assessment of current global GHG emissions, goals, projected future emission trends or mitigation actions and their effects. This paper explores options for the functions, form, timing and content of future national reports under the UNFCCC, focusing on national communications. It suggests that reporting guidelines for future national communications could be “tiered”. This could allow countries to produce national communication “updates” on a frequent (e.g. biennial) basis – focusing the information in these updates on information of most relevance to the international community. “Full” national communications would also continue to be produced, but less frequently than “updates”. Different tiers could be established according to the type of country (e.g. Annex I or non-Annex I); type of mitigation pledge (e.g. nation-wide emissions limit, sectoral goal, mitigation action); and/or the frequency with which changes in particular parameters occur. Such a tiered approach could also provide flexibility for countries to improve the content and frequency of information that they report as their capacities allow. “Updates” to national communications, containing more targeted information on key elements, could be more user-friendly and could focus on the core elements in which national and international users are interested. Streamlined “updates” to national communications could therefore focus on parameters that either change frequently and/or are not currently reported or systematically included in national communications or other climate reports under the UNFCCC. This includes: regular information on historical GHG emissions (including calculation methodology and transfers of units) for many countries, as well as on financial support from Annex I countries; short or medium-term mitigation goals and strategies (e.g. to 2020); progress in implementing such goals and strategies; and improved information on financial needs in terms of GHG mitigation and adaptation activities (by non-Annex I countries).
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  • 54
    Language: English
    Pages: 1 Online-Ressource (61 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2010/04
    Keywords: Energy ; Environment
    Abstract: This paper outlines options for new reporting guidelines for national communications from Annex I and non-Annex I countries, both for “full” national communications and biennial “updates”. These reports can facilitate the sharing of information between Parties and may be used to assess the implementation of actions and progress towards the Convention’s objectives. There are significant gaps in the current climate reporting framework. These gaps are particularly marked for non-Annex I countries in terms of GHG emissions and trends, mitigation and adaptation actions. There are also gaps in terms of the effect of mitigation actions and support provided and received for climate-related activities, including for technology transfer and capacity building. This paper suggests that: (i) national communications be produced more frequently while their focus is streamlined; (ii) reporting guidelines be revised to improve transparency about mitigation commitments/actions/targets that countries have indicated to the international community as well as other obligations taken under the UNFCCC and subsequently; (iii) standard reporting formats be used for more of the information in national communications; (iv) a flexible reporting framework be established for non-Annex I countries, where the information in (and possibly timing of) national reports is “tiered” according to national circumstances; (v) an increased emphasis be placed on reporting of “key” issues; (vi) information routinely provided on adaptation measures and policies be formalised; (vii) reporting on “support” be increased and its structure improved; and (viii) in reports from non-Annex I countries, the provision of information that is already routinely provided be formalised.
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  • 55
    Language: English
    Pages: 34 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.792
    Keywords: Economics
    Abstract: This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of inflation rates. By contrast, we find that the initial price level and regulated prices strongly affect inflation outcomes in a nonlinear manner and that the extension of Engel’s Law may hold during periods of very fast growth. We interpret these results as a sign that price level convergence comes from goods, market and non-market service prices. Furthermore, we find that the Phillips curve flattens with a decline in the inflation rate, that inflation persistence increases and that commodity prices have a stronger effect on inflation in a higher inflation environment.
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  • 56
    Language: English
    Pages: 103 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.760
    Keywords: Economics
    Abstract: What changes are needed to make counter-cyclical economic policy more effective in the aftermath of the recent crisis? An important lesson from the severity of the recent recession is that policy in various areas will have to be more prudent during upswings and to build in greater safety margins to be able to react to large adverse shocks. In the period leading up to the crisis, cycles became more synchronised, while asset prices became more volatile. Recent events also underline the difficulties encountered in detecting and reacting to asset price misalignments. The confluence of the turn in asset prices, financial market crisis and slump in trade challenged the ability of counter-cyclical policies to cope with the severe downturn, although experience reveals that countries where the fiscal position was sound and inflation under control were better able to cushion the shocks. Furthermore, robust micro-prudential regulation can help the financial sector withstand shocks. In this light, existing policies should be strengthened to ensure that there is room for manoeuvre going into a downturn. In order to deal with similar shocks in the future, macroeconomic and financial sector policies should consider precautionary policy settings and macro-prudential regulation to address systemic threats to stability.
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  • 57
    Language: English
    Pages: 26 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.773
    Keywords: Economics
    Abstract: The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the Baltic countries, which opted for a fast and profound transformation of their institutions, rapidly narrowed the productivity gap with advanced economies. In contrast, in countries of the Commonwealth of Independent States, which embarked on reforms later and contented with less depth, the productivity gap remains substantial. While the literature has focused mainly on empirical studies, this paper develops a dynamic search model of the firm start-ups that is consistent with the above trends. The model shows that an enabling institutional set up stimulates start-ups of highly productive firms at an earlier stage of transition, underscoring the importance of reforms. The role of the state sector as an employer during transition rises in countries where reforming institutions is particularly costly.
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  • 58
    Language: English
    Pages: 24 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.688
    Keywords: Economics
    Abstract: This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically changed investment in network industries. According to the theoretical literature, regulatory uncertainty exposes both types of regimes to the danger of underinvestment. However, regulatory uncertainty is arguably higher under rate-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner, while firms operating under incentive regulation are less affected by this behaviour. In addition, incentive regulation encourages investment in cost-reducing technologies. Using Bayesian model averaging techniques, this paper shows that incentive regulation implemented jointly with an independent sector regulator (indicating lower regulatory uncertainty) has a strong positive impact on investment in network industries. In addition, lower barriers to entry are also found to encourage sectoral investment. These results support the importance of implementing policies in a coherent framework.
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  • 59
    Language: English
    Pages: 78 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.686
    Keywords: Economics
    Abstract: Investment in network infrastructure – the energy, water, transport and telecommunication networks – which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better. While the paper shows that investment in the network industries has had a positive effect over and above the addition to the capital stock, there is evidence that investment in the past has sometimes been misallocated. This paper identifies the policy framework that promotes investment that is conducive to growth and ensures the appropriate use of infrastructure. Central aspects of this framework are identified as a robust decision making process, improving the selection of investment projects, the introduction of competitive pressures through the reduction of barriers to entry and vertical separation when this is appropriate. In addition, efficient investment can be promoted by the combination of regulator independence and the application of incentive regulation.
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  • 60
    Language: English
    Pages: 1 Online-Ressource (45 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2009/04
    Keywords: Energy ; Environment
    Abstract: The Bali Action Plan (BAP) indicated the importance of “measurable, reportable and verifiable” (MRV) greenhouse gas (GHG) mitigation actions and commitments, as well as support for GHG mitigation actions, in the post-2012 climate framework. Negotiations underway for this framework have highlighted the benefits of, and interest in, expanding current MRV-related provisions, including to develop a more comprehensive and timely picture of countries’ mitigation efforts and support. Establishing some form of reporting or recording mechanism that could be used to centralise and track information on country mitigation actions, commitments and support could fill this gap. This mechanism could focus on current efforts, or also include information on future or planned efforts. Such a mechanism could take different forms, including a stand-alone electronic registry where actions (and potentially also commitments and support) could be reported ex post. Alternatively, information on actions and commitments could be recorded ex ante as an integral appendix of a post-2012 climate agreement. This paper explores the possible purposes, coverage and form of such a reporting/recording mechanism (subsequently referred to as a NAMAs registry); what information it could include in terms of actions, commitments and support; and the institutional implications of different design options. It thus focuses on the measurable and reportable components of MRV, rather than on verification.
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  • 61
    Language: English
    Pages: 1 Online-Ressource (50 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2009/03
    Keywords: Energy ; Environment
    Abstract: Sectoral approaches are proposed as a means to broaden the global scope of greenhouse gas (GHG) mitigation to developing countries. Market mechanisms are put forward in that context to create incentives for mitigation in developing countries beyond the existing Clean Development Mechanism (CDM), and to encourage mitigation at least possible cost. The introduction of new, sector-based, market mechanisms is only one of many proposals discussed by UNFCCC Parties in the context of a post-2012 international climate policy framework, as a possible means to support mitigation actions in developing countries. This paper considers the carbon market aspects of sectoral approaches to reduce greenhouse gas (GHG) emissions in developing countries. It discusses three general ways to link sectoral goals with the carbon market: (i) intensity goals, based on a GHG performance per unit of output; (ii) fixed emission goals, with an ex-post issuance of credits or trading with an ex-ante allocation of allowances; and (iii) technology-based sectoral objectives. This paper explores the domestic policy implications of moving from a single project approach (i.e., CDM), to a multi-plant, sector-wide carbon market mechanism implied by sectoral crediting and trading. It also touches on possible transition issues, especially from intensity-based emission goals to fixed ones. The paper concludes that sector-based market mechanisms, regardless of the design option chosen, will require some significant upfront effort both nationally and internationally to set appropriate baselines and ensure adequate measurement, reporting and verification in order to generate economically valuable and environmentally-credible credits. Technology diffusion goals may be supported by other means than the carbon market if developing GHG baselines for such activities were too difficult. Sectoral approaches also imply some significant policy effort in countries that adhere to them, to ensure that the baselines are exceeded so that carbon market revenues are generated, and that these revenues represent effective incentives for entities to pursue GHG mitigation, wherever it is most cost-effective to do so.
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  • 62
    Language: English
    Pages: 1 Online-Ressource (42 p.) , 21 x 29.7cm.
    Series Statement: OECD/IEA Climate Change Expert Group Papers no.2009/01
    Keywords: Energy ; Environment
    Abstract: The Bali Action Plan (BAP) language on “measurable, reportable and verifiable” (MRV) greenhouse gas mitigation actions and commitments for a post-2012 climate framework was introduced to apply both to developed countries’ greenhouse gas (GHG) commitments and actions (paragraph 1(b)(i) of the BAP), as well as to “nationally appropriate mitigation actions by developing country Parties in the context of sustainable development, supported and enabled by technology, financing and capacity-building” (paragraph 1(b)(ii)). This paper provides an overview of current efforts to assess if GHG mitigation actions underway in different countries and regions are “measurable, reportable and verifiable”. The paper also assesses how such efforts could be improved, explores MRV options for different types of GHG mitigation actions, and highlights decision points needed to establish a post-2012 framework.Several different types of GHG mitigation actions and commitments have been proposed for the post-2012 period. Some of these - such as national-level GHG emission limits - are already being used, with countries therefore already gaining experience with implementing, monitoring, reporting (and potentially reviewing or verifying the effects of) such actions/commitments. The extent of this experience varies both by type of action/commitment, as well as by country and sector. In general, Annex I countries have significant experience with monitoring and reporting national emission levels (reflecting their reporting commitments under the UNFCCC and Kyoto Protocol). However, official reporting on other GHG-mitigation actions occurs every few years in Annex I countries and only irregularly in non-Annex I countries. Thus, significant new guidance would be needed if post-2012 MRV provisions were to focus on GHG mitigation actions rather than GHG emission levels. In deciding a MRV framework, it will be important to consider measurement, reporting and verification issues separately (as for example some non-supported actions may be reported but not verified). A transition process may also be needed for some countries, in terms of what is to be subject to MRV provisions, and how M, R and V are to be carried out.
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  • 63
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.692
    Keywords: Economics ; South Africa
    Abstract: This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollar-euro exchange rate on changes in daily returns of the rand-dollar exchange rate. We also identify a one-sided nonlinear mean reversion to the long-term monetary equilibrium. In addition we establish very short-lived effects on the exchange rate of selected macroeconomic surprises and central bank communication aimed at talking up the rand.
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  • 64
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 61 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.685
    Keywords: Economics
    Abstract: Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities and competition enhancing effects. This paper, which is part of a project examining the links between infrastructure and growth and the role of public policies, reports the results on the links with growth from a variety of econometric approaches. Time-series results reveal a positive impact of infrastructure investment on growth. They also show that this effect varies across countries and sectors and over time. In some cases, these results reveal evidence of possible over-investment, which may be related to inefficient use of infrastructure. Bayesian model averaging of cross-section growth regressions confirm that infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not in railways and road networks). Furthermore, this effect is highly nonlinear as the impact is stronger if the physical stock is lower.
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  • 65
    Language: English
    Pages: 51 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.654
    Keywords: Economics
    Abstract: This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe (CEE). Our results indicate that the strength of the exchange rate pass-through substantially declined over time mainly due to a fall in inflation rates and to some extent due to the so-called composition effect. The asset price channel is weak and is likely to remain weak because of shallow stock and private bond markets and because of low stock and bond holdings of domestic household. House prices may become an exception with higher levels mortgage lending and with high owner occupancy ratios. While the credit channel could be a powerful channel of monetary transmission - as new funds raised on capital markets are close to zero in CEE - it is actually not, as both commercial banks and non-financial corporations can escape domestic monetary conditions by borrowing from their foreign mother companies. The moderately good news is, however, that those banks and firms are influenced by monetary policy in the euro area because their parent institutions are themselves subjected to the credit channel in the euro area.
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  • 66
    Online Resource
    Online Resource
    Paris : OECD Publishing
    In:  OECD papers Vol. 7, no. 1, p. 1-50
    ISSN: 1681-2328
    Language: English
    Pages: 50 p
    Titel der Quelle: OECD papers
    Publ. der Quelle: Paris : Organisation for Economic Cooperation and Development, 2001
    Angaben zur Quelle: Vol. 7, no. 1, p. 1-50
    Keywords: Environment ; Economics
    Abstract: The market for Clean Development Mechanism (CDM) projects is continuing to grow rapidly, with the current portfolio expecting to deliver 2 billion tons of CO2-eq greenhouse gas (GHG) emission reductions by 2012, equivalent to 17% of Annex I Parties’ base year GHG emissions. In total, governments and companies have earmarked over USD11 billion for CDM funding to 2012. This study analyses the various barriers to CDM market expansion in developing countries, and makes recommendations on how some of them can be removed or reduced. It also examines the distribution of CDM projects amongst regions and sectors.
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