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  • English  (25)
  • Scarpetta, Stefano  (25)
  • Paris : OECD Publishing  (25)
  • Economics  (25)
  • 1
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    The G7 Primary Health Care Universal Knowledge Initiative : A welcome step for patient-centred health care (2019)
    Paris : OECD Publishing
    In:  OECD Observer
    Details
    Language: English
    Pages: 1 Online-Ressource (2 p.)
    Titel der Quelle: OECD Observer
    Keywords: Social Issues/Migration/Health ; Economics
    DOI: 10.1787/06a3d092-en
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  • 2
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    The PaRIS initiative: Helping healthcare policies to do better for patients (2018)
    Paris : OECD Publishing
    In:  OECD Observer
    Details
    Language: English
    Pages: 1 Online-Ressource (3 p.)
    Titel der Quelle: OECD Observer
    Keywords: Social Issues/Migration/Health ; Economics
    DOI: 10.1787/51134dc8-en
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  • 3
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    We need to address the migration backlash (2017)
    Paris : OECD Publishing
    In:  OECD Observer
    Details
    Language: English
    Pages: 1 Online-Ressource (3 p.)
    Titel der Quelle: OECD Observer
    Keywords: Social Issues/Migration/Health ; Economics
    DOI: 10.1787/6ffcb67d-en
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  • 4
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    Europe will win from integration (2016)
    Paris : OECD Publishing
    In:  OECD Observer
    Details
    Language: English
    Pages: 1 Online-Ressource (5 p.)
    Titel der Quelle: OECD Observer
    Keywords: Social Issues/Migration/Health ; Economics
    DOI: 10.1787/a9b42f19-en
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  • 5
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    What future for work? (2016)
    Paris : OECD Publishing
    In:  OECD Observer
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    Language: English
    Pages: 1 Online-Ressource (4 p.)
    Titel der Quelle: OECD Observer
    Keywords: Employment ; Economics
    DOI: 10.1787/e0e110b2-en
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  • 6
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    Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries (2007)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 28 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.592
    Keywords: Economics
    Abstract: In this paper, we test whether the growth experience of a sample of OECD countries over the past three decades is more consistent with the human-capital augmented Solow model of exogenous growth, or with an endogenous growth model à la Uzawa-Lucas with constant returns to scale to “broad” (human and physical) capital. We exploit the different non-linear restrictions implied by these two models to discriminate between them. Using pooled crosscountry time-series data, we specify our growth regression by imposing cross-country homogeneity restrictions only on long-run coefficients, while letting the speed of convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long-run coefficients, given that OECD countries have access to common technologies and have intensive intra-industry trade and foreign direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries because of cross-country heterogeneity in population growth, technical change and progressiveness of the income tax. Therefore, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and short-run parameters, suffer from a heterogeneity bias and are not suited to implement our tests. The results suggest a strong effect of human capital accumulation: the estimated long-run effect on output of one additional year of education (about 6-9%) is also within the range of the estimates obtained in microeconomic analyses of the private returns to schooling. Our estimated speed of convergence is too fast to be compatible with the augmented Solow model, while is consistent with the Uzawa-Lucas model with constant returns to scale. This main finding is robust to several robustness tests.
    DOI: 10.1787/028487061153
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  • 7
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    Product Market Reforms and Employment in OECD Countries (2005)
    Paris : OECD Publishing
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    Language: English
    Pages: 50 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.472
    Keywords: Economics
    Abstract: We estimate the employment effects of product market reforms aimed at increasing competitive pressures and easing government controls in a sample of OECD countries over the past two decades. We control for several labour market policies and institutions that are thought to influence equilibrium employment rates, and check whether there are interactions between these policies and product market reforms. We find cross-country evidence that some labour and product market policies may be complementary and adjust for this in regressions. Consistent with the implications of the imperfect competition/bargaining model of Blanchard and Giavazzi (2003), our estimates suggest that restrictive regulations have curbed employment rates significantly in countries where no product market reforms were implemented. These effects appear to have been magnified by the interaction of such regulations with labour market settings that provide a strong bargaining power to insiders, suggesting that rent sharing tends to depress employment. The implication is that significant employment gains can be obtained by deregulating product markets in overly regulated countries. Moreover, these employment gains are likely to be higher in countries that have rigid labour markets.
    DOI: 10.1787/463767160680
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  • 8
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    Regulation and Economic Performance : Product Market Reforms and Productivity in the OECD (2005)
    Paris : OECD Publishing
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    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.460
    Keywords: Economics
    Abstract: This paper assesses the implications of past and ongoing reforms in OECD product markets for the labour productivity gap, a key component of cross-country differences in GDP per capita. After a brief review of the theoretical literature, we bring together the results obtained in some of our empirical work over the past few years, discussing econometric approaches and their drawbacks. We then use these results to gauge the likely effect of further reforms. We distinguish effects on capital deepening and technical progress by examining the impact of regulations on investment (domestic and foreign) and multi-factor productivity. We focus on the effects of policies aimed at strengthening private governance (e.g. through privatization) and opening up access to markets where competition is economically viable. The results suggest that pro-competitive reforms tend to increase both investment and multifactor productivity and, through both these channels, they can lead to higher growth in GDP per capita.
    DOI: 10.1787/726517007575
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  • 9
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    Estimation of the Cyclical Behaviour of Mark-ups : A Technical Note (2003)
    Paris : OECD Publishing
    In:  OECD journal: economic studies Vol. 2002, no. 1, p. 173-188
    Details
    ISSN: 1995-2856
    Language: English
    Pages: 27 p
    Parallel Title: Parallelausg. Estimation du comportement cyclique des taux de marge : Une note technique
    Titel der Quelle: OECD journal: economic studies
    Publ. der Quelle: Paris : Organisation for Economic Cooperation & Development, 2008
    Angaben zur Quelle: Vol. 2002, no. 1, p. 173-188
    Keywords: Economics
    Abstract: This paper presents estimates of the cyclical fluctuations of price-cost margins, following an extended version of the Rotemberg and Woodford (1991) approach. The results support the hypothesis of counter-cyclical price margins in most manufacturing industries, especially in the presence of downward rigidities of labour inputs. This is consistent with a growing body of empirical literature showing that economic booms tend to increase competition or decrease the incentives for collusion, thereby creating downward pressures on price margins. It also offers an appealing interpretation of the otherwise puzzling pro-cyclicality of real wages.
    DOI: 10.1787/eco_studies-v2002-art6-en
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  • 10
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    Comparative Analysis of Firm Demographics and Survival : Micro-Level Evidence for the OECD Countries (2003)
    Paris : OECD Publishing
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    Language: English
    Pages: 62 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.348
    Keywords: Economics
    Abstract: This paper presents evidence on firm demographics and firm survival for a group of ten OECD countries. For each country a dataset of sectoral indicators of firm dynamics has been created using information from business registers. The patterns of firm entry, exit, survival and employment growth are described and analysed across countries, sectors, and over time. We find that both sectoral and country effects are important in determining firms demographics. We also find that entry and exit rates are fairly similar across countries, while post entry performance differ markedly between Europe and the US, a potential indication of the importance of barriers to firm growth as opposed to barriers to entry. Further, the paper provides a discussion of how these data may be used to gain a better understanding of the process through which economic policy and institutions may affect aggregate patterns of employment, output, and productivity growth ...
    DOI: 10.1787/010021066480
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  • 11
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    Regulation, Productivity and Growth : OECD Evidence (2003)
    Paris : OECD Publishing
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    Language: English
    Pages: 66 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.347
    Keywords: Economics
    Abstract: In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation-growth linkage using data that cover a large set of manufacturing and service industries over the past two decades. We focus on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. We find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. Both privatisation and entry liberalisation are estimated to have a positive impact on productivity. In manufacturing the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ...
    DOI: 10.1787/078677503357
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  • 12
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    The Driving Forces of Economic Growth : Panel Data Evidence for the OECD Countries (2003)
    Paris : OECD Publishing
    In:  OECD journal: economic studies Vol. 2001, no. 2, p. 9-56
    Details
    ISSN: 1995-2856
    Language: English
    Pages: 61 p
    Parallel Title: Parallelausg. Les moteurs de la croissance dans les pays de l'OCDE : Analyse empirique sur des données de panel
    Titel der Quelle: OECD journal: economic studies
    Publ. der Quelle: Paris : Organisation for Economic Cooperation & Development, 2008
    Angaben zur Quelle: Vol. 2001, no. 2, p. 9-56
    Keywords: Economics
    Abstract: This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of pooled cross-country time-series regressions. The novel econometric approach used in the paper allows short-term adjustments and convergence speeds to vary across countries, in accordance with most theoretical models, while imposing restrictions only on the longrun coefficients. In addition to the "primary" influences of physical and human capital accumulation, the results confirm the importance for growth of R&D activity, the macroeconomic environment, trade openness and well developed financial markets. They also confirm that many of the policy influences operate not only via the overall efficiency of factor use but also indirectly via the mobilisation of resources for fixed investment.
    DOI: 10.1787/eco_studies-v2001-art10-en
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  • 13
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    The Role of Policy and Institutions for Productivity and Firm Dynamics : Evidence from Micro and Industry Data (2002)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 64 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.329
    Keywords: Economics
    Abstract: This paper presents empirical evidence on the role that policy and institutional settings in both product and labour market play for productivity and firm dynamics. It exploits a new firm-level database for ten OECD countries and industry-level data for a broader set of countries, together with a set of indicators of regulation and institutional settings in product and labour markets. Aggregate productivity patterns are largely the result of within-firm performance. But, the contribution from firm dynamic processes should not be overlooked, most notably in high-tech industries where new firms tend to play an important role. Industry productivity performance is negatively affected by strict product market regulations, especially if there is a significant technology gap with the technology leader. Likewise, high hiring and firing costs seem to hinder productivity, especially when these costs are not offset by lower wages and/or more internal training. Moreover, burdensome regulations ...
    DOI: 10.1787/547061627526
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  • 14
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    Sectoral Shifts in Europe and the United States : How They Affect Aggregate Labour Shares and the Properties of Wage Equations (2002)
    Paris : OECD Publishing
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    Language: English
    Pages: 50 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.326
    Keywords: Economics ; United States
    Abstract: This paper sheds light on the importance of aggregation bias in the analysis of wage shares developments over time and across countries. We focus on five European countries and the United States and show that the trend decline in the aggregate wage share observed in these countries over much of the 1980s and 1990s partly reflects changes in the sectoral composition of the economy. The application of a fixed-weight aggregation method changes the profile of the observed wage share in a significant way: in particular there is no longer sign of an overshooting of the wage share levels of the early-1970s. Error-correction wage equations based on the adjusted wage shares generally have a better regression fit and show long-run elasticities of real wages to unemployment that vary less across countries and are substantially lower than those obtained with observed shares. These results are broadly confirmed by wage regressions using sectoral data and the Pooled Mean Group estimator ...
    DOI: 10.1787/763626062738
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  • 15
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    Productivity and Convergence in a Panel of OECD Industries : Do Regulations and Institutions Matter? (2002)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.342
    Keywords: Economics
    Abstract: We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in a panel of 23 industries in 18 OECD countries using a novel harmonised database. First, we provide evidence of convergence in productivity levels within most industries across OECD countries. Convergence is however stronger in services than in manufacturing and, in the latter sector, it is weaker for high-tech industries. We also find evidence that the impact of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological characteristics, with a stronger impact for technological leaders in high-tech industries. In addition, anti-competitive product market regulations are negatively associated with productivity performance. The negative effect is larger the further a country is from the technological frontier, because such regulations hinder the process of technology adoption. Finally, there is also evidence in the ...
    DOI: 10.1787/004581482564
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  • 16
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    Economic Growth: The Role of Policies and Institutions : Panel Data. Evidence from OECD Countries (2001)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 71 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.283
    Keywords: Economics
    Abstract: This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of cross-country time-series regressions. The econometric approach allows short-term adjustments and convergence speeds to vary across countries, imposing restrictions only on the long-run coefficients. In addition to the ‘primary’ influences of capital accumulation and skills embodied in the human capital, the results confirm the importance for growth of R&D activity, the macroeconomic environment, trade openness and well developed financial markets. They also confirm that many of the policy influences operate not only ‘directly’ on growth but also indirectlyviathe mobilisation of resources for fixed investment. The paper also reports some bivariate correlations between OECD indicators of product regulation and growth. They provide some supporting evidence that the negative impact of stringent regulations and administrative burden on the efficiency of product ...
    DOI: 10.1787/722675213381
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  • 17
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    Does Human Capital Matter for Growth in OECD Countries? : Evidence from Pooled Mean-Group Estimates (2001)
    Paris : OECD Publishing
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    Language: English
    Pages: 31 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.282
    Keywords: Economics
    Abstract: This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries over the period 1971-98. It uses an improved dataset on human capital and a novel econometric technique that reconciles growth model assumptions with the needs of panel data regressions. Unlike several previous studies, our results point to a positive and significant impact of human capital accumulation to output per capita growth. The estimated long-run effect on output of one additional year of education (about 6 per cent) is also consistent with microeconomic evidence on the private returns to schooling. We also found a significant growth effect from the accumulation of physical capital and a speed of convergence to the steady state of around 15 per cent per year. Taken together these results are not consistent with the human capital augmented version of the Solow model, but rather they support an endogenous growth model à la Uzawa-Lucas, with constant returns to ...
    DOI: 10.1787/424300244276
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  • 18
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    Summary Indicators of Product Market Regulation with an Extension to Employment Protection Legislation (2000)
    Paris : OECD Publishing
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    Language: English
    Pages: 87 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.226
    Keywords: Economics
    Abstract: This paper presents a database on indicators of product market regulations and employment protection legislation for most of the OECD countries and illustrates a methodology for aggregating these detailed indicators into summary indicators of the strictness of regulations. The summary indicators are obtained by means of factor analysis, in which each component of the regulatory framework is weighted according to its contribution to the overall variance in the data. These indicators are used to assess the regulatory approaches across countries as well as the interrelations between various sets of regulatory provisions. While regulatory provisions can be classified and assessed from a variety of standpoints, this paper focuses exclusively on the relative friendliness of regulations to market mechanisms: there is no attempt to assess the overall quality of regulations or their aptness in achieving their stated public policy goals. The guiding principle inspiring the conception of the ...
    DOI: 10.1787/215182844604
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  • 19
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    Economic Growth in the OECD Area : Recent Trends at the Aggregate and Sectoral Level (2000)
    Paris : OECD Publishing
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    Language: English
    Pages: 131 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.248
    Keywords: Economics
    Abstract: This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical capital. The paper suggests wide (and growing) disparities in GDP per capita growth, while differences in labour productivity have remained broadly stable. These patterns are explained by different employment growth rates across countries. In the most recent years, a rise in MFP growth in ICT-related industries has boosted aggregate growth in some countries (e.g. the United States) ...
    DOI: 10.1787/843888182178
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  • 20
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    Knowledge, Technology and Economic Growth : Recent Evidence from OECD Countries (2000)
    Paris : OECD Publishing
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    Language: English
    Pages: 39 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.259
    Keywords: Economics
    Abstract: In this paper we present an international comparison of growth trends in the OECD countries, with a special attention to developments in labour productivity - allowing for human capital accumulation – and multifactor productivity (MFP) - allowing for changes in the composition of fixed capital. An attempt is also made to identify both the embodied (in particular in ICT equipment) and disembodied components of technical progress. The possible relation between improvements in MFP and the accumulation of knowledge (as proxied by R&D expenditures) is discussed, and some tentative policy considerations are advanced, mainly with reference to general framework conditions that might have a bearing in fostering technological changes. The main conclusions are that some “traditional” factors lay behind the disparities in growth patterns across the OECD countries. In particular, they refer to the ability of countries to employ their labour force. There also seem to be some new factors behind ...
    DOI: 10.1787/536435460443
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  • 21
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    The Retirement Decision in OECD Countries (1999)
    Paris : OECD Publishing
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    Language: English
    Pages: 107 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.202
    Keywords: Economics
    Abstract: This paper examines the main determinants of the decision to retire from the labour market in OECD countries, and in particular the role of social security systems in driving down the labour-force participation rate of older people in recent decades. It demonstrates that old-age pension systems in virtually all OECD countries in the mid-1990s made it financially unattractive to work after the age of 55, and the implicit tax on continued work has risen strongly since the 1960s in most countries. Financial disincentives to continued work have been amplified by various de facto early-retirement programmes, including unemployment-related and disability schemes. Pooled cross-country time-series regressions show that increased disincentives to work at older ages have contributed significantly to the drop in labour-force participation rates of older males, but also demonstrate that the deterioration of labourmarket conditions in many countries has played a significant role as well ...
    DOI: 10.1787/565174210530
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  • 22
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    The Levels and Cyclical Behaviour of Mark-ups Across Countries and Market Structures (1999)
    Paris : OECD Publishing
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    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.213
    Keywords: Economics
    Abstract: In this paper, we present estimates of the mark-up of product price over marginal costs for the US manufacturing industries over the 1970-1992 period. The paper extends the analysis used in previous studies based on nominal productivity residuals by considering intermediate inputs and cyclical fluctuations of price margins. The estimated steady-state mark-ups are positive but moderate, generally in the range of 10-20 per cent. The results also support the hypothesis of countercyclical price margins in most manufacturing industries, especially in the presence of downward rigidities of labour inputs. This offers an appealing interpretation of the otherwise puzzling procyclicality of real wages and enables to better estimate TFP. We also discuss the role of market structures on the levels and cyclicality of mark-ups. Finally, we compare the results for the United States with those of the other G-5 countries and distinguish between fragmented and segmented industries. The latter ...
    DOI: 10.1787/817488867486
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  • 23
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    The Economic Effects of Employment-Conditional Income Support Schemes for the Low-Paid : An Illustration from a CGE Model Applied to Four OECD Countries (1999)
    Paris : OECD Publishing
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    Language: English
    Pages: 43 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.224
    Keywords: Economics
    Abstract: Problems of unemployment and low pay amongst the low-skilled and those with little work experience are severe in many OECD countries. Employment-conditional schemes are policy instruments designed to increase the employment prospects of the low-skilled as well as to support their living standard. In this paper a simple CGE model is developed to simulate the impact of the introduction of an employmentconditional scheme in four OECD countries. The simulated policy package is graduated on gross earnings with both “phase-in” and “phase-out” regions. The advantage of the CGE approach is to allow assessing the direct and indirect effects of the financing of the policy scheme on both labour demand and supply. The simulations suggest that employment effects on targeted households are significant while the impact on aggregate employment is modest. Furthermore, the cost-effectiveness of the policy package is found to depend crucially on the earnings distribution, the levels of taxes on ...
    DOI: 10.1787/083815484206
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  • 24
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    Microeconometric Analysis of the Retirement Decision : Germany (1998)
    Paris : OECD Publishing
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    Language: English
    Pages: 38 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.204
    Keywords: Economics ; Germany
    Abstract: This paper analyses the determinants of the retirement decision in Germany using microdata from the German Socio-Economic Panel over the period 1985-1995. Non-parametric and semi-parametric techniques have been used to describe the exit to retirement. Non-parametric estimates suggest that the incentive structure generated by the different social security schemes play a powerful role in the individual retirement decision. The semi-parametric analysis is conducted using a piece-wise constant hazard model with multiple destinations (i.e. disability scheme and old-age pension scheme) and time-varying covariates. Socio-demographic factors have a strong impact on the retirement decision. Moreover, poor health contributes to early withdrawals from the labour market, especially in the case of disability retirement. Financial incentives offered in the pension system are also powerful in shaping the age profile of retirement. In particular, we used the pension wealth and an estimate of the ...
    DOI: 10.1787/572650601656
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  • 25
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    Mark-Up Ratios in Manufacturing Industries : Estimates for 14 OECD Countries (1996)
    Paris : OECD Publishing
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    Language: English
    Pages: 49 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.162
    Keywords: Economics
    Abstract: This paper provides estimates of mark-ups of product prices over marginal costs for 36 manufacturing industries in 14 OECD countries over the 1970- 1992 period. The estimates are based on the methodology put forward by Roeger (1995), extended to include intermediate inputs. After a discussion of analytical and data issues, the estimates are presented and shown to be smaller than those of previous studies. It is also shown that the level and dispersion of mark-ups are consistent with a priori views about characteristics of the market structure prevailing in each industry. Finally, the paper examines how mark-up estimates affect the estimated rate of growth of total factor productivity (TFP) ...
    DOI: 10.1787/007750682315
    URL: Volltext
    URL: lizenzpflichtig
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