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  • 2005-2009  (699)
  • 1960-1964
  • Paris : OECD Publishing  (698)
  • London : Routledge
  • Economics  (699)
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  • 1
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 35 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.716
    Schlagwort(e): Economics ; United Kingdom
    Kurzfassung: The government’s health reform programme since 2000 has covered many aspects of the organisation of health care and was accompanied by a sizeable increase in spending on healthcare. Many of these reforms have the potential to improve the efficiency and responsiveness of the health care system and ultimately health outcomes, although it is too early to make definitive judgements on their effectiveness. This chapter provides an overview of the organisation and financing of the National Health Service, reviews its performance, assesses the reforms since the start of the decade and provides recommendations for further development. This Working Paper relates to the 2009 Economic Survey of the United Kingdom (www.oecd.org/eco/surveys/uk).
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  • 2
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 45 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.665
    Schlagwort(e): Economics ; United States
    Kurzfassung: In spite of improvements, on various measures of health outcomes the United States appears to rank relatively poorly among OECD countries. Health expenditures, in contrast, are significantly higher than in any other OECD country. While there are factors beyond the health-care system itself that contribute to this gap in performance, there is also likely to be scope to improve the health of Americans while reducing, or at least not increasing spending. This paper focuses on two factors that contribute to this discrepancy between health outcomes and health expenditures in the United States: inequitable access to medical services and subsidized private insurance policies; and inefficiencies in public health insurance. It then suggests two sets of reforms likely to improve the US health-care system. The first is a package of reforms to achieve close to universal health insurance coverage. The second set of reforms relates to payment methods and coverage decisions within the Medicare programme to realign incentives and increase the extent of economic evaluation of different medical procedures.
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  • 3
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 34 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.730
    Schlagwort(e): Economics
    Kurzfassung: This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags model and accounting for the role of institutional settings. Analysing an unbalanced panel of 30 OECD economies from 1970 to 2008, we found that downturns have, on average, a significant positive impact on the level of structural unemployment rate. The maximum impact varies with the severity of the downturn. Institutions (such as Employment Protection Legislation, average replacement ratio and product market regulation) influence both the extent of the initial shock and the adjustment pattern in the aftermath of a downturn.
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  • 4
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264063747
    Sprache: Spanisch
    Seiten: Online-Ressource (554 p.) , ill.
    Paralleltitel: Parallelausg. Understanding National Accounts
    Schlagwort(e): Economics
    Kurzfassung: Este manual explica el ámbito y el significado del PIB y la RNB (o INB) y de sus componentes. Muestra cómo y para qué se utilizan estos agregados e incluye ejemplos y ejercicios prácticos que ayudan a comprender estos conceptos. El manual presenta las cuentas nacionales desde una perspectiva global y dedica capítulos especiales a las comparaciones internacionales y a los sistemas de cuentas nacionales de EEUU, México y Chile. El primer capítulo muestra la relación entre los principales conceptos de cuentas nacionales y el análisis macroeconómico. El libro continúa con el análisis de las variaciones de precios y de volumen, las comparaciones internacionales, el ámbito de la producción, los empleos finales y las cuentas no financieras de los hogares, de las empresas (sociedades no financieras e instituciones financieras) y de las administraciones públicas (o gobierno general). También describe el ámbito de las tablas input output y de las cuentas económicas integradas y, por último, informa sobre la historia, y el futuro, de los sistemas internacionales de cuentas nacionales.
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  • 5
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 36 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.687
    Schlagwort(e): Economics
    Kurzfassung: The aim of this paper is to analyze the relation between the volatility of government consumption and country size. Using a sample of 160 countries from 1960 to 2000 the main findings of our empirical analysis suggest that: 1) smaller countries have more volatile non-discretionary and discretionary government consumption, and also a more volatile government size; 2) the relation between government spending volatility and the size of a country is more negative for more volatile economies; 3) the relation between government consumption volatility and country size is more negative for functions of government spending that are characterized by a high level on non-rivality. The results are robust to different time and country samples, different econometric techniques and to several sets of control variables.
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  • 6
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 64 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.714
    Schlagwort(e): Economics
    Kurzfassung: Economic growth is the basis of increased prosperity. This makes the attainment of growth a key objective for governments across the world. The rate of growth can be affected by policy choices through the effect that taxation has upon economic decisions and through productive public expenditures. This paper surveys research that has undertaken empirical analysis of aggregate data. The focus of the survey is the identification of the factors that determine the rate of growth.
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  • 7
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 40 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.666
    Schlagwort(e): Economics ; Spain
    Kurzfassung: Impressive progress has been made in raising participation in early childhood education as well as tertiary educational attainment over the past 30 years. However, the inflow of poorly educated youth into the labour market is unusually heavy for a high-income country, largely on account of high drop-out rates in lower secondary education which, in turn, reflect one of the highest grade repetition rates in the OECD. The supply of workers with intermediate vocational skills is surprisingly low, despite the high return, in terms of labour market outcomes that these skills offer, even if they have recently deteriorated. There is room to raise learning outcomes up to the end of compulsory school, as measured by the Programme for International Student Assessment (PISA), although, owing to a compressed distribution of such outcomes, the share of poorly performing pupils is not unusually large. While significant reforms have been undertaken to address these problems, more measures are needed to reduce grade repetition and raise education outcomes, by improving accountability of schools and school staff, as well as by raising school autonomy further than has already occurred. Vocational training needs to become more attractive. In tertiary education, few Spanish universities have attained a high level of international standing, and scope remains to improve the contribution tertiary attainment can make to gains in economic welfare, notably by reforming funding arrangements.
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  • 8
    Sprache: Englisch
    Seiten: 33 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.700
    Schlagwort(e): Economics ; Estonia
    Kurzfassung: From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital inflows and credit, resulted in skyrocketing house prices and an over-expanded construction sector. However, the currency board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle through pro-cyclical spending increases and tax cuts. As credit was mostly financed by cross-border loans from foreign banks, the risks of disruptions to credit flows and financial contagion have increased. Some have already materialised through tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth, the country will need to rebalance its resources from non-tradables towards exports. Regaining external competitiveness will be challenging, however, given the fixed exchange rate and recent devaluations in partner countries. Flexibility of the economy will thus be crucial. Over the medium term, policymakers could also strengthen incentives for a better functioning of the housing finance market and gradually remove the pro-cyclical bias of fiscal policy.
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  • 9
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 27 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.721
    Schlagwort(e): Economics
    Kurzfassung: There is a case, but there are also counter-arguments. With sufficient forward-looking behaviour among firms and households, price-level targeting can act as a powerful built-in stabiliser through automatic shifts in inflation expectations. This stabilisation mechanism reduces the need for large shifts in policy rates, alleviating the risk of hitting the zero lower bound of nominal interest rates and falling into a liquidity trap. Furthermore, credible price-level targeting can support capital accumulation by protecting the long-run purchasing power of money and reducing the inflation risk premium embedded in actual long-term real interest rates. However, price-level targeting can imply welfare-reducing policy-induced output volatility in situations where the degree of forward-looking behaviour is very low. The self-regulating capacity of price-level targeting can be undermined if central banks are not fully credible. Besides, aggressive inflation targeting can replicate some of (but not all) the benefits of price-level targeting. On balance, the case for adopting price-level targeting is not clear-cut, all the more so since transition costs are likely to be significant.
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  • 10
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 45 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.698
    Schlagwort(e): Economics
    Kurzfassung: This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity. The extent of the trade-off is determined by the extent of the adjustment of capital to effective labour and by the changes in aggregate labour quality. The main experiment reported in the paper consists of assessing the labour utilisation and productivity impacts in OECD countries of aligning group-specific employment rates to the US levels. Matching the US employment performance defined in that sense would enable low-employment OECD countries to reduce only half of the aggregate employment-rate gap vis-à-vis the United States, the other half being mechanically due to differences in the population structure by age and educational attainment. In this experiment, a 1% gain in employment is associated with a decrease of 0.24% in labour productivity on average across countries, and of 0.35% in low-employment countries.
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  • 11
    Sprache: Englisch
    Seiten: 27 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.728
    Schlagwort(e): Economics ; Estonia
    Kurzfassung: Estonia gave up the exchange rate and monetary policy tools of macroeconomic management when it introduced its currency board in 1992. While the currency board arrangement served the country well during transition in the 1990s, it offers limited flexibility to implement policies that would ease the EU convergence as well as mitigate the global financial and economic crisis. The ongoing financial crisis has made euro adoption more attractive than ever and put it on the top of the country’s policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen other adjustment mechanisms to shocks, including flexibility of the labour market, further improving its environment to do business and a framework, which allows for anti-cyclical fiscal policies.
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  • 12
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 48 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.725
    Schlagwort(e): Economics ; Iceland
    Kurzfassung: The global financial and economic crisis has struck Iceland with extreme force. Iceland’s three main banks, accounting for almost all of the banking system, failed in October 2008. They were unable to resist the deterioration in global financial markets following the failure of Lehman Brothers. The banks had pursued risky expansion strategies – notably borrowing in foreign capital markets to finance the aggressive international expansion of Icelandic investment companies – that made them vulnerable to the deterioration in global financial markets. They had also grown to be too big for the government to rescue. When access to foreign capital eventually closed, the banks failed. Non-financial firms and households were also vulnerable to the deterioration in global financial conditions, having taken on a lot of debt in recent years based on inflated collateral values. In some cases, the debt was foreign-currency denominated, without matching foreign-currency assets or revenues. In the wake of the banking crisis, the government obtained an IMF Stand-By Arrangement to provide favourable access to foreign capital markets and creditability for the recovery programme. Even so, the recession is likely to be deeper in Iceland than in most other OECD countries owing to the seriousness of the banking crisis and the weakness of private sector balance sheets. Reforms are needed to strengthen prudential regulation and supervision. This Working Paper relates to the 2009 Economic Survey of Iceland.
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  • 13
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 43 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.732
    Schlagwort(e): Economics ; Mexico
    Kurzfassung: Despite progress over the past two decades Mexico?s health and education indicators remain well below the average of the OECD and some of its Latin American emerging market peers. Health insurance coverage is incomplete, especially for low-income families, and access to health services is highly uneven. There are several separate vertically integrated insurance networks, which increases administrative costs and results in an inefficient use of facilities. In education, lower secondary schools enroll only two thirds of the relevant age group and the quality of education is low, as indicated by poor PISA scores. This reflects poor teaching quality, a consequence of non-transparent teacher selection processes until recently, and limited school autonomy in budgeting, instruction and personnel decisions. Accountability to the government and parents is also low as there is no national exit exam after secondary education and the existing evaluation schemes are fragmented. Recent health and education reforms have started to address these issues, but more needs to be done to increase the efficiency of spending by increasing the coverage of health insurance, reducing the fragmentation of the health system, increasing enrolment in lower secondary education, and improving the quality of teaching.
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  • 14
    Sprache: Englisch
    Seiten: 32 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.738
    Schlagwort(e): Economics
    Kurzfassung: The crisis that originated in mid-2007 in the United States and deepened in September 2008 is the largest peace-time disruption of financial markets since the Great Depression. It was triggered by a number of factors, namely the large amount of lending to subprime borrowers, the expansion of securitisation resulting in a disconnect between loan originators and final investors, the questionable assessments of credit rating agencies and the unprecedented resort to off-balance sheet vehicles. These developments took place during a traditional credit boom and reinforced the skyrocketing of asset prices, erosion of lending standards and under-pricing of risk. The crisis had serious repercussions worldwide, particularly in Europe, given the global nature of financial markets. This paper begins by considering why the Japanese banking system was initially relatively resilient to the deterioration in the global financial system, although there were some secondary effects that are discussed in the following section. The third section outlines the emergency response of the Japanese authorities to the financial crisis, including quantitative measures by the central bank and other institutions and regulatory changes by the Financial Services Agency (FSA). At the same time, the authorities have taken steps to improve the regulatory framework. The fourth section goes beyond the crisis to consider policies to boost chronically low profitability in the banking sector. Measures to promote efficiency in the financial sector by upgrading capital markets and improving the range and quality of financial products are discussed in the following section.
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  • 15
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264060289 , 9789264107144
    Sprache: Französisch
    Seiten: Online-Ressource (224 p.)
    Serie: Les essentiels de l'OCDE
    Paralleltitel: Druckausg.
    Paralleltitel: Parallelausg. International Trade; Free, Fair and Open?
    Paralleltitel: Parallelausg. Internationaler Handel; Frei, fair und offen?
    Schlagwort(e): Economics ; Trade
    Kurzfassung: Le commerce international influence directement le prix et la disponibilité de tout ce que nous achetons ou presque. Son rôle est également notable dans beaucoup d’autres domaines, notamment l’emploi, l’environnement et la lutte contre la pauvreté. Les essentiels de l'OCDE : Le commerce international soutient que la prospérité a rarement, voire jamais, été atteinte ou maintenue sans le concours du commerce. Néanmoins, à lui seul, il ne constitue pas une condition suffisante, et des politiques orientées vers l’emploi, l’éducation, la santé et bien d’autres domaines encore sont nécessaires pour favoriser le bien-être et s’attaquer aux défis d’une économie mondialisée.
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  • 16
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264056909
    Sprache: Französisch
    Seiten: Online-Ressource (368 p.) , ill.
    Paralleltitel: Druckausg.
    Paralleltitel: Parallelausg. The Bioeconomy to 2030; Designing a Policy Agenda
    Schlagwort(e): Science and Technology ; Economics
    Kurzfassung: Les sciences biologiques apportent une valeur ajoutée à de très nombreux biens et services qui sont génériquement réunis sous le terme de « bioéconomie » et les progrès dans ce domaine peuvent aboutir à des avancées socioéconomiques majeures, dans les pays de l’OCDE. En utilisant des analyses quantitatives des données concernant les innovations en cours et les dépenses de recherche et développement tirées des bases de données privées et publiques, elle estime les évolutions futures dans le domaine des biotechnologies d’ici 2015. Adoptant un point de vue institutionnel plus large, elle examine également les rôles joués par le financement de la recherche et du développement, les ressources humaines, la propriété intellectuelle et la réglementation de la bioéconomie, ainsi que les évolutions futures qui seraient susceptibles d’influer sur les nouveaux modèles économiques. Des scénarios fictifs à l’horizon 2030 sont pris en compte pour encourager les lecteurs à réfléchir sur l’interaction entre les choix de politique économique et les avancées technologiques dans la mise en place de la bioéconomie. Enfin, l’ouvrage étudie les différentes options de politique économique permettant de tirer parti des avantages sociaux, environnementaux et économiques de la bioéconomie.
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  • 17
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264067974
    Sprache: Englisch
    Seiten: Online-Ressource (281 p.) , ill.
    Schlagwort(e): Economics
    Kurzfassung: Fifty years after it was launched, the Marshall Plan remains a major event of post World War II history. But what did it actually do for European reconstruction? To commemorate the opening of its historical archives to the public and their deposit at the European University Institute (EUI), the OECD invited a group of EUI historians to analyse the role played by the Marshall Plan and the Organisation for European Economic Co-operation (OEEC) in the economic recovery of Europe. This book examines the major moments punctuating OEEC history from the original offer of Marshall Aid in 1947 to the decision to create the OECD in 1960. It offers a history of the European economic reconstruction and contributes to discussions on models of co-operation favouring economic development, trade liberalisation and world economic integration.
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  • 18
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 61 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.685
    Schlagwort(e): Economics
    Kurzfassung: 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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  • 19
    Sprache: Englisch
    Seiten: 27 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.710
    Schlagwort(e): Economics ; Indonesia
    Kurzfassung: The Indonesian labour market is characterised by widespread informality. To some extent, these outcomes can be attributed to a sharp increase in the real value of the minimum wage since 2001, when minimum-wage setting was decentralised to the provincial governments. To test this hypothesis, this paper uses survey data on the labour market (Sakernas), household income and expenditure (Susenas) and the industrial sector (Survei Industri) to construct a district-level dataset spanning the period 1996 to 2004. The effects of changes in the minimum wage on unemployment, formal-sector employment and the incidence of informality in urban areas are estimated separately by fixed effects and jointly by a seemingly unrelated regression (SUR) estimator. Our findings show that an increase in the minimum-to-mean wage ratio is associated with a net increase in employment: a rise in informal-sector employment more than compensates for job losses in the formal sector. This Working Paper relates to the 2008 OECD Economic Assessment of Indonesia (www.oecd.org/eco/surveys/indonesia).
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  • 20
    Sprache: Englisch
    Seiten: 66 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.708
    Schlagwort(e): Economics
    Kurzfassung: This paper focuses on inequalities in learning opportunities for individuals coming from different socioeconomic backgrounds as a measure of (in) equality of opportunity in OECD countries and looks at the role played by policies and institutions in shaping countries’ relative positions. Based on harmonised 15- year old students’ achievement data collected at the individual level, the empirical analysis shows that while Nordic European countries exhibit relatively low levels of inequality, continental Europe is characterised by high levels of inequality - in particular of schooling segregation along socio-economic lines - while Anglo-Saxon countries occupy a somewhat intermediate position. Policies allowing increasing social mix are found to reduce school socio-economic segregation without affecting overall performance. Countries that emphasise childcare and pre-school institutions exhibit lower levels of inequality of opportunity, suggesting the effectiveness of early intervention policies in reducing persistence of education outcomes across generations. There is also a positive association between inequality of opportunities and income inequality. As a consequence, cross-country regressions suggest that redistributive policies can help to reduce inequalities of educational opportunities associated with socioeconomic background and, hence, persistence of education outcomes across generations.
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  • 21
    Sprache: Englisch
    Seiten: 78 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.686
    Schlagwort(e): Economics
    Kurzfassung: 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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  • 22
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 34 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.731
    Schlagwort(e): Economics ; Russian Federation
    Kurzfassung: In the decade following the 1998 financial crisis Russia’s banking system grew much larger and stronger – indeed, growth rates were dangerously high – but even before the onset of the current global crisis it continued to play a limited role in intermediating savings and investment, especially for small and medium-sized enterprises. Moreover, despite important improvements, some weaknesses in prudential supervision remained, and the Russian banking sector continued to have too many very small banks doing little if any banking business. This paper discusses the policy imperatives in the short term, in the face of the ongoing economic crisis, and reforms that could be implemented over the longer term to improve the efficiency and resilience of the financial system and raise Russia’s potential growth rate. While the current crisis is painful for the banking sector as well as the broader economy, it may facilitate a restructuring of the system that will be positive in the long run, as well as new approaches to regulation that will make banking less crisis-prone.
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  • 23
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 29 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.682
    Schlagwort(e): Economics ; Slovak Republic
    Kurzfassung: House prices have risen strongly in past years, helped by rising incomes and declining interest rates. At the same time, construction of new dwellings has remained fairly muted and has only recently shown signs of picking up. A characteristic feature of the Slovak housing market, and a consequence of the privatization programme initiated in the early 1990s, is the virtual absence of a private rental market. As euro membership will most likely go along with easier financial conditions and also entails limited availability of national policy tools, current housing policies will have to be adjusted. The challenges are to avoid overheating of the housing market in the medium term, in part by making supply more reactive to demand, and to phase out the hurdles that are currently impeding the private rental market, which would facilitate labour mobility. This Working Paper relates to the 2009 OECD Economic Survey of the Slovak Republic.
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  • 24
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 52 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.669
    Schlagwort(e): Economics ; United States
    Kurzfassung: The global financial crisis that emerged in mid 2007 has caused considerable economic disruptions in the United States and elsewhere, and exposed major flaws in the global financial system. After examining the origins of the crisis, this paper recommends specific policy responses to resolve the immediate problems and discusses how to make the US financial system more resilient and stable in the future.
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  • 25
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 40 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.739
    Schlagwort(e): Economics ; Japan
    Kurzfassung: Japan’s health-care system has provided universal access to care and contributed to the outstanding health status of the Japanese. Public spending has been kept below the OECD average through high co-payment rates and reductions in medical fees. However, with continued upward pressure on expenditure, in part due to rapid population ageing, reforms are needed to limit spending increases through greater efficiency, while improving quality. It is essential to shift long-term care out of hospitals, reform the pricing mechanism away from pay-for-visit, increase the use of generic drugs, encourage healthy ageing and promote restructuring in the hospital sector. Quality should be improved by increasing the availability of effective new drugs and medical devices. In funding spending increases, it is important to limit the share borne by employees to avoid negative effects on the labour market. Japan may need to allow more mixed billing to enhance access to some advanced medical treatments.
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  • 26
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 71 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.707
    Schlagwort(e): Economics
    Kurzfassung: This paper assesses recent patterns in intergenerational social mobility across OECD countries and examines the role that public policies can play in affecting such mobility. It shows that the relationship between parental or socio-economic background and offspring’s educational and wage outcomes is positive and significant in practically all countries for which evidence is available. Intergenerational social mobility is measured by several different indicators since no single indicator provides a complete picture. However, one pattern that emerges is of a group of countries, e.g. southern European countries and Luxembourg, which appears to rank as relatively immobile on most indicators, while another group, e.g. Nordics, is found to be more mobile. Furthermore, public policies such as education and early childcare play a role in explaining observed differences in intergenerational social mobility across countries. In addition, this study also finds a positive cross-country correlation between intergenerational social mobility and redistributive policies.
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  • 27
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 48 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.742
    Schlagwort(e): Economics ; Russian Federation
    Kurzfassung: This paper uses the OECD’s indicators of product market regulation (PMR) to assess the extent to which the regulatory environment in Russia supports competition and to draw attention to the areas where further reform efforts would pay dividends. The indicators show that, despite improvements in some areas, many aspects of Russia’s regulatory framework are still restrictive, which provides considerable scope for reaping gains from bringing regulation into line with international best practice. In particular, the scores suggest that Russia’s economic performance would greatly benefit from a reduction in the role of the state enterprise sector in markets that are inherently competitive and reinvigorated efforts to liberalise foreign trade and direct investment regimes. In some network sectors, recent regulatory changes have significantly improved the scope for competition. However, ongoing work needs to focus on separating competitive and monopoly market segments and eliminating barriers to entry. In addition, the authorities need to develop the capacity and strengthen the hands of the sectoral regulators. Introducing an overarching competition policy would also help bring the issue of competition to centre stage and spread a competition ethos through different levels of government.
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  • 28
    Sprache: Englisch
    Seiten: 29 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.692
    Schlagwort(e): Economics ; South Africa
    Kurzfassung: 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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  • 29
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 65 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.727
    Schlagwort(e): Economics ; Italy
    Kurzfassung: Compulsory school education in Italy produces poor results in terms of 15-year olds’ performance on PISA tests, compared with other OECD countries, despite a relatively high level of expenditure. While the influence of social background is smaller than in many OECD countries, it is largely transmitted through a kind of self-segregation resulting from family choices among the different types of upper secondary school. Large differences in pupils’ performance between regions cannot be explained by the quantity of resources available; separating the influence of socio-economic conditions from school efficiency is difficult and must be treated carefully in plans for extending fiscal federalism. The Italian government is rightly concerned to get better value for money and this chapter argues that policies to improve the information available to schools and teachers on the results they are achieving, while giving them appropriate incentives, responsibility and power to respond to such information, are necessary accompaniments to expenditure-saving policies. An improved focus on good quality training, both for new recruits and experienced teachers, and recruitment procedures themselves, should also pay dividends on efficiency.
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  • 30
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 32 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.740
    Schlagwort(e): Economics ; Japan
    Kurzfassung: Japan, a relatively energy-efficient country, has been active in combating climate change. Under the Kyoto Protocol, Japan is committed to reducing greenhouse gas emissions by 6% relative to 1990 over the period 2008-12. As of 2007, however, its emissions were up by 9%. Japan has relied primarily on voluntary measures, which are monitored by the government, without binding commitments or price signals on carbon. It is essential to improve the policy framework to achieve its ambitious longer-term target of a 60% to 80% emission reduction by 2050 in a cost-effective manner. Japan should shift from voluntary measures to market-based instruments, notably a mandatory and comprehensive emission trading scheme, supplemented if necessary, by carbon taxes in areas not covered by trading, which minimise abatement costs and promote innovation to reduce emissions. Trading schemes should be linked to those in other countries, while expanding Japan’s use of a well-functioning Clean Development Mechanism. Continued public support for R&D in emission reduction technology, particularly in basic research, is important.
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  • 31
    Sprache: Englisch
    Seiten: 20 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.699
    Schlagwort(e): Economics
    Kurzfassung: The aim of this paper is to assess the impact of financial crises on potential output. For this purpose a univariate autoregressive growth equation is estimated on an unbalanced panel of OECD countries over the period 1960 to 2007. Our results suggest that the occurrence of a financial crisis negatively and permanently affects potential output. In particular, financial crises are estimated to lower potential output by around 1.5 to 2.4% on average. The magnitude of the effect increases with the severity of the crisis. The occurrence of a deep crisis is found to decrease potential output by nearly 4%, almost twice the amount observed for the average of crises. These results are robust to the use of an alternative measure of potential output, changes in the methodology and in the sample periods.
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  • 32
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 31 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.683
    Schlagwort(e): Economics
    Kurzfassung: This paper examines the characteristics of downturns and subsequent recoveries following past banking crises in OECD countries as well as evidence of any effects on potential output growth. It is differentiated from previous analyses because it makes use of OECD measures of the output gap and potential output. Downturns following banking crises are found to be more protracted with larger output losses and disproportionate falls in housing and business investment. The recovery is typically more muted with exports providing a disproportionately large positive contribution. Evidence regarding possible effects on potential growth of a banking crisis is mixed. The banking crisis in Japan was followed by a deterioration in potential growth partly due to a worsening in productivity performance which may be related to the protracted nature of the banking problems and the resulting misallocation of capital. Following the Nordic banking crises, which were resolved more quickly, there was no deterioration in productivity performance, although there was a temporary deterioration in potential growth which is mostly explained by an increase in the structural unemployment rate, which in turn may reflect the interaction of an exceptionally severe downturn with structural labour market rigidities.
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  • 33
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 32 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.697
    Schlagwort(e): Economics ; Estonia
    Kurzfassung: In mid-2008, high employment and low unemployment rates characterised the Estonian labour market in comparison with the average of the EU15 countries. While aggregate outcomes improved during 2000-07, large inequalities persisted across regions, ethnic groups, and workers with different skill levels. As Estonia entered recession in 2008, the unemployment rate almost doubled between the 2nd and the 4th quarter, and is expected to rise further in 2009 and 2010. More flexible labour markets will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge-based economy. Given the currency board arrangement and low synchronisation with the euro area, flexibility is also needed to cushion asymmetric shocks. In December 2008, parliament adopted the new Employment Contract Act, deregulating employment protection while increasing income security of the unemployed. This paper discusses options for removing the remaining barriers that impede worker reallocation across jobs, sectors, and regions into more productive activities.
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  • 34
    Sprache: Englisch
    Seiten: 45 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.670
    Schlagwort(e): Economics ; European Union
    Kurzfassung: Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion more likely. An important challenge for the EU is to manage systemic risks and cross-border contagion to ensure financial stability in an integrated financial market. The financial market turmoil has also highlighted some gaps in the regulatory and supervisory framework. Although the European authorities should be commended for the progress they have made in updating and improving frameworks and responding to the financial turmoil, more can be done. In particular, further steps are needed to remove the mismatch between integrating European financial markets on the one hand, and largely national supervision on the other. Attention should also be given to the question of which measures are adequate to dampen the procyclicality of the financial system. New regulations should not impose unnecessary costs on consumers, businesses and financial institutions, nor create obstacles to further market integration.
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  • 35
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 74 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.676
    Schlagwort(e): Economics
    Kurzfassung: This paper reviews and assesses in terms of availability, reliability and transparency existing policy and outcome indicators that have been found to be linked both directly and indirectly to economic growth and living standards. Indicators aiming at capturing the political and social situation of countries, as well as governance-related issues, are examined (e.g. political system, political stability, corruption, crime and violence). Topics also include product and labour markets, infrastructure, trade, financial indicators and composite indices of reform.
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  • 36
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 25 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.667
    Schlagwort(e): Economics ; Switzerland
    Kurzfassung: Measures to make the regulation of product markets more conducive to competition play a prominent role in the governments “growth package” of measures to stimulate economic growth which are in the process of being implemented. This paper discusses these measures and suggests further improvements. Notwithstanding significant reforms in recent years, competition law and its enforcement are still weaker than in other OECD countries. Scope for making regulation of product markets more competition-friendly is large in the network industries. While sector-specific regulators have been introduced, their independence needs to be strengthened. The reform of the electricity supply law provides the main building block opening the industry to competition, but vertical separation requirements of the electricity grid from electricity generation and trading activities need to be strengthened. In telecommunications, restrictions in access of competitors to the local loop limit the scope for lowering prices and improving quality of service in broadband connections. Measures still need to be taken to prevent discrimination against market entrants in the railway passenger services market and much scope exists to widen competition in postal services. Progress in lowering the degree of protection in the proposed legislation on agricultural policy 2007-11 is modest. Trade barriers can also be lowered for manufactured goods through the adoption of the Cassis de Dijon principle.
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  • 37
    Sprache: Englisch
    Seiten: 128 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.701
    Schlagwort(e): Economics
    Kurzfassung: This paper examines the cost of a range of national, regional and global mitigation policies and the corresponding incentives for countries to participate in ambitious international mitigation actions. The paper illustrates the scope for available instruments to strengthen these incentives and discusses ways to overcome barriers to the development of an international carbon price, based on the quantitative assessment from two global and sectorially-disaggregated CGE models. Key step towards the emergence of a single international carbon price will most likely involve the phasing out of subsidies of fossil fuel consumption and various forms of linking between regional carbon markets, ranging from direct linking of existing emission trading systems to more indirect forms through the use of sectoral crediting mechanisms. The paper discusses regulatory issues raised by the expansion of emission trading and crediting schemes as well as the complementary contribution of non-market based instruments such as the imposition of technical standards and R&D policies. Finally, the paper emphasises the important role of international transfers, not least to overcome the relatively strong economic incentives in some countries to free ride on other regions mitigation actions. While they can take various explicit or implicit forms, transfers made primarily through market mechanisms, for instance via the allocation of binding emission reduction commitments across countries, would be most cost-effective.
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  • 38
    Online-Ressource
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    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 28 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.681
    Schlagwort(e): Economics ; Slovak Republic
    Kurzfassung: Euro area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs. The current fiscal framework could be improved by introducing multi-year expenditure ceilings and by removing pro-cyclical elements in fiscal rules. An adjustment account that serves to register breaches of fiscal rules and eliminates them over time could help in coping with projection errors. To ensure long-term sustainability of public finances it is essential not to dilute the substantial improvements in the long-term balance of the definedbenefit pillar associated with past pension reforms. The government should consider making participation in the defined contribution pillar mandatory for new labour market entrants or, at the very least, make it the default option. For current workers the pillars should remain closed. Moreover, further parametric changes such as increasing the retirement age in line with life expectancy gains and reducing unsustainable elements in the pension formula would improve the balance of the defined benefit pillar.
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  • 39
    Sprache: Englisch
    Seiten: 62 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.695
    Schlagwort(e): Economics
    Kurzfassung: This paper describes patterns and developments of regulation that potentially affect product market competition in OECD countries over the past decade. It uses the 2008 update and revision of the OECD indicators of product market regulation (PMR) that integrate to a larger extent than in the past information on sector-specific regulation and adapt a simpler and more transparent aggregation technique. The results show that OECD countries have extensively liberalised product markets over the past ten years and – as a consequence - convergence of regulation across OECD countries can be observed. However, reforms appear to have slowed in the most recent period (2003-2008) as compared with the earlier period (1998- 2003). Easing of product market regulation appears to have been driven to a considerable extent by reforms in sector-specific regulation, notably as regards the gas, electricity and telecommunications markets. Countries appear also to have followed consistent reform approaches. However, scope for further reform remains, especially as regards controls of governments over businesses, and as regards certain sectors such as professional services and retail trade.
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  • 40
    Sprache: Englisch
    Seiten: 29 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.694
    Schlagwort(e): Economics ; European Union
    Kurzfassung: High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing evidence pointing to increased trade and FDI flows, enhanced east-west migration and a more stable macroeconomic environment. However, completion of the internal market is progressing at an uneven pace, and comparatively less progress can be seen in services industries, which provide over two-thirds of jobs and value added in the economy. Empirical estimates suggest that competition and trade-enhancing reforms in services industries could generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States stand to gain even more. In addition to service-sector reform, priorities towards a more integrated EU internal market should include removing remaining barriers to labour mobility, improving transport infrastructure, mutual recognition of qualifications, and enhanced market integration of network industries. Finally, a more explicit use of benchmarking may help to enhance the momentum of future internal market reforms.
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  • 41
    Sprache: Englisch
    Seiten: 32 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.660
    Paralleltitel: Parallelausg. Le secteur financier peut-il rester le principal moteur de la croissance au Luxembourg?
    Schlagwort(e): Economics ; Luxembourg
    Kurzfassung: The financial sector has emerged as the main economic engine over the past two decades. The comparative advantages of placing financial activities in Luxembourg have mostly been in terms of an adaptive legislative and regulatory framework and low taxation. As a result, Luxembourg is today one of the main international centres for investment funds. Besides the sector’s direct and indirect employment effects, the most important effect is the large tax revenue generating capacity of the sector, accounting directly for over 20% of aggregate tax revenues. On the other hand, these tax revenues are volatile as the sector is highly sensitive to developments in international financial markets. Indeed, past downturns in international financial markets have tended to lead to a sharp slowdown of growth in the economy as well as in revenues, pointing to potential large risks associated with the current turmoil in international financial markets. Besides these short-term considerations, a lower trend growth rate of the sector is likely over the medium term. The main activities of the sector are in middle and back offices dealing with financial administration which, with new IT technologies, will tend to be increasingly outsourced. At the same time, the sector is having problems in attracting highly specialised talent to enter higher value front office activities. Over the longer term, international competition will continue to exert pressures that may eventually erode Luxembourg’s position. The extent of the decline in the sector’s trend growth depends on the ability to maintain and expand the attractiveness of investing and working in Luxembourg. Achieving this will depend on being able to adjust tax, infrastructure, and housing policies to attract foreign talent while updating and increasing the transparency of financial sector regulation.
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  • 42
    ISBN: 9789264048751 , 9789264045743
    Sprache: Englisch
    Seiten: Online-Ressource (241 p.) , ill.
    Ausgabe: Fourth Edition
    Paralleltitel: Parallelausg. Définition de référence de l'OCDE des investissements directs internationaux 2008 ; Quatrième édition
    Paralleltitel: Parallelausg. OCDE Definición Marco de Inversión Extranjera Directa ; Cuarta edición
    Paralleltitel: Parallelausg. Définition de référence de l'OCDE des investissements directs internationaux 2008 : Quatrième édition
    Paralleltitel: Parallelausg. OCDE Definición Marco de Inversión Extranjera Directa : Cuarta edición
    Paralleltitel: Erscheint auch als OECD OECD benchmark definition of foreign direct investment
    RVK:
    Schlagwort(e): Auslandsinvestition ; Statistische Methode ; OECD-Staaten ; Finance and Investment ; Economics ; Direktinvestition ; Auslandsinvestition ; Statistik ; Datenerhebung ; Richtlinie
    Kurzfassung: Foreign direct investment (FDI) is a major driver of globalisation. The OECD Benchmark Definition of Foreign Direct Investment sets the world standard for FDI statistics. It provides a single point of reference for statisticians and users on all aspect of FDI statistics, while remaining compatible with other internationally accepted statistical standards. This edition introduces new analytical data breakdowns and statistical treatments that better reflect the realities of today’s world economy. The revised Benchmark Definition provides methods for classifying different types of FDI (e.g., mergers and acquisitions, greenfield investments) and for identifying the ultimate investor. The new edition now addresses the uses of FDI statistics, including globalisation indicators, and provides a chapter relating to the statistics on the activities of multinational enterprises.
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  • 43
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264056275
    Sprache: Englisch
    Seiten: Online-Ressource (475 p.)
    Ausgabe: Second Edition
    Serie: PISA
    Schlagwort(e): Education ; Economics
    Kurzfassung: The OECD Programme for International Student Assessment (PISA) surveys collected data on students’ performances in reading, mathematics and science, as well as contextual information on students’ background, home characteristics and school factors which could influence performance. This publication includes detailed information on how to analyse the PISA data, enabling researchers to both reproduce the initial results and to undertake further analyses. In addition to the inclusion of the necessary techniques, the manual also includes a detailed account of the PISA 2006 database and worked examples providing full syntax in SPSS®.
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  • 44
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264068476
    Sprache: Englisch
    Seiten: Online-Ressource (233 p.) , ill.
    Ausgabe: Second edition
    Paralleltitel: Parallelausg. La mesure du capital - Manuel de l'OCDE 2009 ; Deuxième édition
    Paralleltitel: Parallelausg. Medición del capital - Manual OCDE 2009 ; Segunda edición
    Paralleltitel: Parallelausg. La mesure du capital - Manuel de l'OCDE 2009 : Deuxième édition
    Paralleltitel: Parallelausg. Medición del capital - Manual OCDE 2009 : Segunda edición
    Paralleltitel: Erscheint auch als Measuring capital
    RVK:
    Schlagwort(e): Kapitalstock ; Messung ; OECD-Staaten ; Economics ; Kapitalbildung ; Kapitalvermögen ; Kapitalertrag ; Messung
    Kurzfassung: Capital - in particular of the physical sort - plays several roles in economic life: it constitutes wealth and it it provides services in production processes. Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts. This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement. It gives statisticians, researchers and analysts practical advice while providing theoretical background and an overview of the relevant literature. The manual comes in three parts - a first part with a non-technical description with the main concepts and steps involved in measuring capital; a second part directed at implementation and a third part outlining theory and a more complete mathematical formulation of the measurement process.
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  • 45
    Sprache: Englisch
    Seiten: 54 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.664
    Schlagwort(e): Economics
    Kurzfassung: This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices appear to have powerful effects on R&D spending and clean technology diffusion. Their impact on stabilisation costs depends on the nature of R&D: R&D targeted at incremental energy efficiency improvements has only limited effects, but R&D focused on the emergence of major new low-carbon technologies could lower costs drastically if successful – especially in the non-electricity sector, where such low-carbon options are scarce today. With emissions coming from multiple sources, keeping a wide range of options available matters more for stabilisation costs than improving specific technologies. Due to international knowledge spillovers, stabilisation costs could be further reduced through a complementary, global R&D policy. However, a strong price signal is always required.
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  • 46
    Sprache: Englisch
    Seiten: 25 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.690
    Schlagwort(e): Economics ; Indonesia
    Kurzfassung: This paper uses household survey (Sakernas) data from the 1996 and 2004 to estimate the determinants of earnings in Indonesia. The Indonesian labour market is segmented, with a majority of workers engaged in informal-sector occupations, and earnings data are available only for formal-sector workers (salaried employees). This posed problems for the estimation of earnings equations, because selection into different labour market statuses is likely to be non-random. In order to describe selection into different labour market statuses we use the most general version of the method proposed by Dubin and McFadden (1984), which Bourguignon, Fournier and Gurgand (2007) proved to be preferable to other available multinomial selection methods. We also deal with reverse causality between education attainment and earnings by estimating the selection equations using an instrumental variable technique. Our findings cast doubt on the use of a binomial selection rule and suggest that workers with higher levels of educational attainment are most likely to find a job in the formal sector, and that the informal sector is perceived by those workers who cannot obtain a job in the formal sector as an alternative to inactivity. This Working Paper relates to the 2008 OECD Economic Assessment of Indonesia (www.oecd.org/eco/surveys/indonesia).
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  • 47
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 32 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.743
    Paralleltitel: Parallelausg. Fédéralisme budgétaire en Belgique : Défis principaux et réformes envisageables
    Schlagwort(e): Economics ; Belgium
    Kurzfassung: The paper discusses the current state of fiscal relations across levels of government in Belgium and how it has developed over time. As the current system of fiscal federalism is creating imbalances between the federal and the sub-federal governments (vertical imbalance), and between sub-federal governments (horizontal imbalance) the paper also suggests directions for improvements. Without reform, the vertical imbalance will widen as the fiscal burden from the ageing of the population falls mainly on the federal level. Reform should therefore strengthen the fiscal capacity of the federal government by improving its revenue sources and by shifting some spending obligations to sub-federal governments. The imbalance between regions arises because of the lack of coherence between taxation and spending. Shared revenues from the personal income tax are allocated to the region of residence, while the region of the workplace does not benefit, which particularly affects Brussels’ revenue level. This imbalance could be eliminated by allocating more of the shared personal income tax to the region of the workplace. Furthermore, the system of equalisation grants should be re-designed to provide incentives to the recipient regions to develop their own revenue base. The performance of the fiscal system could further be improved by raising the efficiency of spending in areas of national interest, which have been assigned to sub-federal governments or where there are overlapping responsibilities, such as in employment, R&D, training, education, energy and environmental policies.
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  • 48
    Sprache: Englisch
    Seiten: 24 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.688
    Schlagwort(e): Economics
    Kurzfassung: 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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  • 49
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 45 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.671
    Schlagwort(e): Economics ; Korea, Republic of
    Kurzfassung: Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending. The challenge is to meet the long-run need for greater expenditures and tax revenue while sustaining strong economic growth. A pro-growth tax reform implies relying primarily on consumption taxes for additional revenue. There is also scope for raising personal income tax revenue from its current low level by broadening the base by reducing the exemptions for personal income. The planned cuts in the corporate tax rate should be financed at least in part by reductions in tax expenditures. The broadening of direct tax bases would also help finance an expansion of the earned income tax credit to address widening income inequality. In addition, the local tax system should be simplified and reformed to enhance the autonomy of local governments.
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  • 50
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 45 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.696
    Schlagwort(e): Economics ; New Zealand
    Kurzfassung: New Zealand’s living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors. The small size and remoteness of the economy diminish its access to world markets, the scale and efficiency of domestic businesses, the level of competition and proximity to the world’s technology frontier. This points to the need for a “New Zealand policy advantage”, that is, a set of structural policies attractive and welcoming enough to overcome the geographic handicap and attract the drivers of prosperity – investment, skills and ideas – to New Zealand. The reforms of the 1980s and 1990s laid much of the groundwork for creating this advantage and for a pick-up in productivity growth. But in recent years, New Zealand has lost ground relative to its OECD peers. The reform focus shifted away from growth and the government introduced much often poor quality regulation. Policies should be refocused around the productivity goal in a number of areas, beginning with those covered in this paper, namely international trade, the business climate for domestic and foreign investment, public sector efficiency, infrastructure, innovation and natural resources management. This paper also evaluates the recently legislated emissions trading scheme through a productivity lens. This Working Paper relates to the 2009 OECD Economic Survey of New Zealand (www.oecd.org/eco/surveys/nz).
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  • 51
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 49 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.726
    Schlagwort(e): Economics ; Iceland
    Kurzfassung: Monetary and fiscal policies face huge challenges: the banking sector has collapsed; the economy is in the midst of a deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen; source of revenues have disappeared; social needs have increased; and the unemployment insurance fund has been nearly depleted. Against this difficult background, this paper discusses what policy makers should do in order to restore balance in the Icelandic economy and lay out the foundations for a sustainable recovery. The key recommendations are to seek entry in the euro area and implement the fiscal consolidation measures necessary to comply with the IMF programme.
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  • 52
    Sprache: Englisch
    Seiten: 25 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.718
    Schlagwort(e): Economics ; Euro Area
    Kurzfassung: This paper analyses recent large movements in the yield spread for sovereign bonds as between Germany and other euro area countries. While the general increase in risk aversion that has characterised the financial crisis is an important factor on its own, it is found that this has also magnified the importance of fiscal performance, in particular as measured by the ratio of debt service to tax receipts and expected fiscal deficits. Moreover, there is evidence to suggest that such effects are non-linear, so that incremental deteriorations in fiscal performance lead to ever larger increases in the spread. These findings imply that financial market reaction could become an increasingly important constraint on fiscal policy for some countries, a feature which was much less apparent in the years prior to the financial crisis when general risk aversion was abnormally low.
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  • 53
    Sprache: Englisch
    Seiten: 40 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.677
    Schlagwort(e): Economics ; Euro Area ; Japan ; United Kingdom ; United States
    Kurzfassung: This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy. In addition to changes in the exchange rate and short and long interest rates, the change in credit availability, corporate bond spreads and household wealth are taken into account to gauge the evolution of financial conditions. Since the onset of the financial crisis, financial conditions have tightened by an unprecedented degree in the four countries/regions and this is evaluated to exert a major drag on activity.
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  • 54
    Sprache: Englisch
    Seiten: 42 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.689
    Schlagwort(e): Economics
    Kurzfassung: This paper uses a variety of empirical methods to examine the apparent differences in monetary policy stances as between the United States and other G7 economies, notably those in the euro area, during the period of sharp increases in oil and other commodity prices in the first half of 2008. In particular it asks the question whether observed differences in policy stances could be attributed to differences in economic structures and the vulnerability of different regions to inflationary shocks coming from import prices as opposed to differences in monetary policy objectives. The main conclusion is that although there are a number of differences in the estimated impact and dynamics of commodities, import prices and exchange rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices, they cannot explain them all.
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  • 55
    ISBN: 9789264073111
    Sprache: Englisch
    Seiten: Online-Ressource (498 p.)
    Paralleltitel: Druckausg.
    Paralleltitel: Parallelausg. L'économie politique de la réforme ; Retraites, emplois et déréglementation dans dix pays de l'OCDE
    Paralleltitel: Erscheint auch als Tompson, William The political economy of reform
    RVK:
    RVK:
    Schlagwort(e): Rentenreform ; Arbeitsmarktpolitik ; Deregulierung ; OECD-Staaten ; Economics ; OECD ; Rentenreform ; Arbeitsmarkt ; Deregulierung
    Kurzfassung: This report examines why some policy reforms get implemented and others languish by examining 20 structural reform efforts in 10 OECD countries over the past two decades. The case studies cover a wide variety of reform attempts in three key areas: pensions, labour- and product-market regulation. Key factors in the political, economic and reform-specific arenas are identified as helping or hindering reform, and these findings are cross-checked using a relatively simple set of Spearman rank correlations. The report’s two-pronged analytical approach – quantitative and qualitative – results in unique insights for policy makers designing, adopting and implementing structural policy reforms.
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  • 56
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 38 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.741
    Paralleltitel: Parallelausg. Comment réformer le système fiscal belge afin de renforcer l'expansion économique
    Schlagwort(e): Economics ; Belgium
    Kurzfassung: Individual elements in Belgian tax system affect the growth process through different channels and to a varying degree. Consumption taxes are among the least distortive for growth, and there is considerable scope to increase the reliance on this tax source in Belgium. The Belgian differential taxation of saving vehicles distorts investment decisions, hampering the reallocation of capital towards its most productive use. However, the most distortive Belgian taxes are on labour through their effects on workers’ labour market decisions. Recognising the latter, the authorities have aimed at reducing taxation on labour. However, its level remains internationally high, reflecting numerous exemptions, which reduce tax bases and thus require higher tax rates than otherwise. To promote labour market prospects for individual groups on the labour market, wage subsidies and social security contribution reductions have been used extensively, leading to a complex system, often poorly targeted and at times subject to conflicting objectives. The end result is that the interaction between the personal income tax, the social security contributions, and the generous benefit systems has created a multitude of labour market traps which hold back employment. New tax reforms are constrained by the large and growing fiscal sustainability problem, implying that, unless substantial expenditure cuts are implemented, new tax reforms must be self-financed. This can be achieved by shifting the reliance of the tax system towards the least distortive sources and by broadening tax bases to allow lower tax rates. This Working Paper relates to the 2009 OECD Economic Survey of Belgium (www.oecd.org/eco/surveys/belgium).
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  • 57
    Sprache: Englisch
    Seiten: 42 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.672
    Schlagwort(e): Economics ; Korea, Republic of
    Kurzfassung: A well-functioning labour market is essential to sustain rapid economic growth in the face of population ageing. Priorities are to reverse the rising share of non-regular workers, which has negative implications for both growth and equity, and encourage greater employment of women and youth, who are under-represented in the labour force. Attracting more women to employment requires increasing the availability of childcare, strengthening maternity leave and creating more family-friendly workplaces. Youth employment rates should be boosted by upgrading tertiary education through stronger competition and closer links to enterprises to reduce mismatches. Educational reform should be extended to elementary and secondary schools to enhance efficiency and decrease the burden of private tutoring. The age of retirement of employees should be raised by eliminating mandatory retirement and phasing out the retirement allowance. Active labour market policies should focus on policies to expand human capital rather than wage subsidies.
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  • 58
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 23 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.705
    Schlagwort(e): Economics
    Kurzfassung: This pilot study presents indicators that assess sub-central government (SCG) spending power by policy area. Traditional indicators – such as the share of SCG in total government spending – are often misleading as they underestimate the impact of central government regulation on sub-central spending patterns. In order to gauge true spending power, a set of institutional indicators is established, based on a detailed assessment of institutional, regulatory and administrative control central government exerts over various SCG policy areas. Results tend to confirm the limited discretion of SCGs over their own budget. Education in particular – the main SCG budget item in most countries – is strongly shaped by central government regulation. Federal countries tend to grant more spending power to SCGs than unitary countries. With a few amendments, the framework of this study could be applied to all OECD countries, although it is advisable to restrict the analysis to the main sub-central spending areas.
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  • 59
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 35 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.703
    Schlagwort(e): Economics ; Brazil
    Kurzfassung: The possibility that a country’s external current account may adjust nonlinearly to shocks is attracting increasing attention in the empirical literature. To shed further light on this issue in the context of emerging-market economies, this paper uses Brazilian data to estimate the determinants of the current account in a smooth-transition vector-autoregressive (ST-VAR) setting. We allow for the transition parameters and the model coefficients to be estimated simultaneously by non-linear constrained maximum likelihood. We find strong evidence of non-linearity in the VAR when (lagged) government consumption and investment are used as the variables governing transition across regimes. The computation of non-linear impulse response functions suggests that the system’s history, as well as the sign and magnitude of shocks, affect the current account’s responses to exogenous changes in income, government consumption and investment. In particular, responses to fiscal shocks depend on whether they are positive or negative and whether they follow periods of fiscal expansions or contractions. Current account responses to a positive fiscal impulse are much stronger when conditioned on periods of fiscal expansion (rising government consumption) than retrenchment. The importance of conditioning history and the magnitude of shocks in the current account’s response to shocks is confirmed by forecast error variance decomposition analysis.
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  • 60
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 40 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.706
    Schlagwort(e): Economics
    Kurzfassung: This paper analyses trends in and driving forces of the revenue composition of sub-central governments (SCG). Between 1995 and 2005 the share of SCG in total government spending increased from 31 to 33%, while the SCG tax share remained stable at around 17%, increasing SCG’s dependence on intergovernmental grants. While equal access to public services is the most common justification for such grants, the grant systems of most countries are much larger than required by equalization. Moreover, rather than smoothing out SCG revenue fluctuations over the cycle, grants often tend to exacerbate them. Finally, there is some evidence that grants reduce SCG tax raising effort, inflate SCG spending and increase SCG deficits and debt. The economic crisis will both sharply reduce SCG’s own tax revenues and – via budget constraints at the central level – increase pressure on the grant system. The crisis could hence help rethink the SCG revenue mix, their tax structure and the size and design of intergovernmental transfers.
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  • 61
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 59 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.713
    Schlagwort(e): Economics
    Kurzfassung: Economic growth is the basis of increased prosperity. This makes the attainment of growth a key objective for governments across the world. The rate of growth can be affected by policy choices through the effect that taxation has upon economic decisions and through productive public expenditures. This paper provides a self-contained introduction to the economic modelling of growth and reviews the theoretical evidence on the extent of the link between taxation and growth.
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  • 62
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 45 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.662
    Schlagwort(e): Economics ; South Africa
    Kurzfassung: Unemployment in South Africa is extremely high and unevenly distributed, being concentrated among young less-skilled blacks. The legacies of apartheid can explain part of the increase in labour supply and inability of the economy to absorb it which produced the extreme levels of unemployment, but more could have been done to unwind those legacies and other policies and institutions have contributed to the dysfunction of the labour market. Notably, improvements in product market regulation to strengthen competition could help expand formal sector employment. Changes in municipal laws and regulations to ease migration and facilitate informal employment are also likely to be particularly important. Improving the implementation of employment protection legislation could also help reduce unemployment. Efforts to tackle crime could help reduce the brain drain and attract skilled immigrants, which would likely boost demand for less-skilled workers via complementarities. Over the longer term, improvements in basic education will be key to reducing the excess supply of less-skilled workers.
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  • 63
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 44 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.678
    Schlagwort(e): Economics ; Australia
    Kurzfassung: The Australian education system fares well in international comparison with regards to PISA test scores and the higher education system attracts an increasing number of foreign students. Vocational education and training (VET) is an important part of the post–secondary education system, equipping individuals with the skills to enter or re–enter the labour force and offering a pathway to further education. However, a number of challenges need to be addressed. Reducing complexity and fragmentation and tackling issues of under–supply and under–representation of children from disadvantaged groups in the early childhood education and care system is of major importance, given the beneficial impact of early education on outcomes later in life. A key challenge for the school sector is to reduce the achievement gaps of the lowest performing students, while improving overall literacy and numeracy outcomes. Greater autonomy at the school level and improvements in teaching quality would help in this regard. Enhancing the capacity of the VET system to address skill shortages is another key priority. The low rate of completion of training courses is an additional policy issue facing the sector. Finally, moving towards a less rigid policy framework for higher education would enhance flexibility and diversity, making the system more responsive to labour market needs and globalisation challenges. The promotion of a highquality education system that responds swiftly to changing skill needs is a top priority of the new government. The “Education Revolution”, backed by the Council of Australian Governments (COAG), pursues reforms across all sectors of the education system, an important objective being the closing of the gap for the indigenous population.
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  • 64
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 43 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.722
    Schlagwort(e): Economics ; Greece
    Kurzfassung: Greek health outcomes compare favourably with the OECD average. However, the health care system is seen as not working well by the population. One source of dissatisfaction is the high proportion of private household spending on health, including informal payments, while public health spending relative to GDP is one of the lowest in the OECD. This situation leads to inequities in access to certain medical services. Also, there is a weakening of efficiency of the system, which should be addressed sooner than later in view of a rising demand for medical services, which is going to intensify in the coming decades, and the need to keep government health care spending in check. This calls for reforms in four areas: (i) reviewing the excessively fragmented structure of the health care system and its governance; (ii) enhancing the quality of public primary health care services; (iii) modernising hospital administration; and (iv) further tightening control over pharmaceutical expenditure.
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  • 65
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 20 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.704
    Schlagwort(e): Economics ; Brazil
    Kurzfassung: Brazil, like other natural resource-exporting countries, has benefited from a sharp increase in commodity prices over the last few years. To investigate the possible impact of terms-of-trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008. Technological change is modelled in a flexible manner through the inclusion of quadratic splines in the profit function. The paper contributes to the literature by using nonlinear seemingly unrelated regression techniques to estimate the input demand and output supply functions and by disaggregating exports and imports into capital, consumption and intermediate goods. Improvements in the terms of trade due to rising export prices and/or falling import prices are associated with hikes in export volumes on the back of rising import demand and some labour shedding in the sectors using imported capital goods. The direct impact of terms-of-trade changes on domestic consumption and investment is comparatively modest, possibly due to the fact that the Brazilian economy remains relatively closed to trade.
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  • 66
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 28 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.717
    Schlagwort(e): Economics ; United Kingdom
    Kurzfassung: The UK financial market has been severely affected by the recent financial crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This paper reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses. It also provides recommendations for further reforms. This Working Paper relates to the 2009 Economic Survey of the United Kingdom (www.oecd.org/eco/surveys/uk).
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  • 67
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 39 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.673
    Schlagwort(e): Economics ; Korea, Republic of
    Kurzfassung: Labour productivity growth in the service sector has been low relative to manufacturing. This is explained in part by weak competition in services resulting from strict product market regulation and the low level of import penetration and inflows of foreign direct investment (FDI). Increasing productivity growth in the service sector, which accounts for 67% of employment and 58% of value added in Korea, is essential to sustain high potential growth. The priority is to strengthen competition by eliminating domestic entry barriers, accelerating regulatory reform, upgrading competition policy and reducing barriers to trade and inflows of FDI. Another challenge is to enhance the performance and accelerate the restructuring of small and medium-sized enterprises, which account for over 90% of service-sector employment. Furthermore, it is essential to boost productivity in service industries with high growth potential, such as telecommunications and financial and business.
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  • 68
    Sprache: Englisch
    Seiten: 47 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.693
    Schlagwort(e): Economics
    Kurzfassung: There are local air pollution benefits from pursuing greenhouse gases emissions mitigation policies, which lower the net costs of emission reductions and thereby may strengthen the incentives to participate in a global climate change mitigation agreement. The main purpose of this paper is to assess the extent to which local air pollution co-benefits can lower the cost of climate change mitigation policies in OECD and non-OECD countries and can offer economic incentives for developing countries to participate in a post- 2012 global agreement. The paper sets out an analytical framework to answer these questions. After a literature review on the estimates of the co-benefits, new estimates, which are obtained within a general equilibrium, dynamic, multi-regional framework, are presented. The main conclusion is that the co-benefits from climate change mitigation in terms of reduced outdoor local air pollution might cover a significant part of the cost of action. Nonetheless, they alone may not provide sufficient participation incentives to large developing countries. This is partly because direct local air pollution control policies appear to be typically cheaper than indirect action via greenhouse gases emissions mitigation.
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  • 69
    ISBN: 9789264056466
    Sprache: Französisch
    Seiten: Online-Ressource (178 p.) , ill.
    Paralleltitel: Parallelausg. OECD Patent Statistics Manual
    Paralleltitel: Parallelausg. Manual de estadísticas de patentes de la OCDE
    Schlagwort(e): Science and Technology ; Economics
    Kurzfassung: L’édition 2009 du Manuel de l’OCDE sur les statistiques de brevets intègre les développements récents du domaine. Elle fournit des lignes directrices pour l’utilisation des données de brevets à des fins de mesure de S&T, et des recommandations pour la compilation et l’interprétation des indicateurs de brevets dans ce contexte. Le manuel vise à montrer à quoi les données de brevets peuvent ou ne peuvent pas être utilisées, et comment compter les brevets de façon à maximiser l’information sur la S&T tout en minimisant le bruit et les biais statistiques. Enfin, il décrit comment les données de brevets peuvent être utilisées dans l’analyse d’un large spectre de thèmes liés au changement technique et à la prise de brevets, y compris les liens science-industrie, les stratégies de brevets des entreprises, l’internationalisation de la recherche, et la mesure de la valeur des brevets.
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  • 70
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 39 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.691
    Schlagwort(e): Economics
    Kurzfassung: Climate change is expected to have significant implications for the world economy and, more broadly, for many areas of human activity. The purpose of this review is twofold. First, it is to summarise current estimates of the impacts of climate change and to explain how these estimates are built in order to identify the main sources of uncertainty and approximation affecting them. Second, the paper discusses how this uncertainty should influence policymaker?s decisions. A main conclusion of the review is that there are large uncertainties, which are not fully reflected in existing estimates of global impacts of climate change in monetary units. Nonetheless, despite these uncertainties, policy action may be justified, provided that policies are cost-effective, even if the marginal cost of GHG emissions mitigation exceeds the marginal damage of one additional ton of carbon. This is because two features of the impacts of climate change tilt the balance in favour of action: their irreversibility, and the risk that they are extreme.
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  • 71
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 30 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.737
    Schlagwort(e): Economics ; Erdölpreis ; Geschichte 2009
    Kurzfassung: Crude oil prices have trended up since the end of the 1990s, peaking at a historic high in mid-2008 that was followed by a steep price correction with a subsequent rebound. This paper considers major forces behind the evolution of the oil price, using a simple model of supply and demand elasticities as a benchmark, highlights implications for inflation and economic activity and draws some conclusions for macroeconomic policy. The analysis suggests that the run-up in crude oil prices since 2003 was due to both vigorous oil demand growth by emerging markets and, from the middle of the decade onward, a weaker than expected oil supply response to rising prices. Prices are unlikely to fall back to levels seen in the first years of the decade either over the short or medium term.
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  • 72
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 57 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.709
    Schlagwort(e): Economics
    Kurzfassung: This paper breaks new ground by providing comparable estimates of intergenerational wage and education persistence across 14 European OECD countries based on a new micro data from Eurostat. A further novelty is that it examines the potential role of public policies and labour and product market institutions in explaining observed differences in intergenerational wage mobility across countries. The empirical estimates show that intergenerational wage persistence is relatively high in southern European countries, as well as in the United Kingdom. Likewise, intergenerational persistence in education is relatively high both in southern European countries and in Luxembourg and Ireland. By contrast, both persistence in wages and education tends to be lower in Nordic countries. In addition, empirical results show that education is one important driver of intergenerational wage persistence across European countries. There is a positive crosscountry correlation between intergenerational wage mobility and redistributive policies, as well as a positive correlation between wage-setting institutions that compress the wage distribution and mobility.
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  • 73
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 30 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.680
    Schlagwort(e): Economics ; Slovak Republic
    Kurzfassung: As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence. To better cope with the risk of a too rapid pick up of wages during the convergence process on the one hand and to raise the adjustment potential of the economy to macroeconomic shocks on the other, labour and product market flexibility is essential. Three main areas for improvement are discussed in this chapter. First, wage flexibility should be safeguarded by avoiding significant increases in minimum wages and by abolishing legal extension of collective wage settlements. Second, competition needs to be strengthened, especially in the liberal professions where entry and conduct regulation should be eased. In addition, the points of single contact that already exist for small enterprises should be extended to entrepreneurs of the liberal professions. Third, a wider use of information and communication technology (ICT) could lead to important productivity gains. Removing obstacles to the spread of e-business and a swift implementation of e-government are imperative. This Working Paper relates to the 2009 OECD Economic Survey of the Slovak Republic.
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  • 74
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 40 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.734
    Schlagwort(e): Economics ; Slovenia
    Kurzfassung: This paper examines various aspects of fiscal policy in Slovenia, in particular fiscal consolidation, pension reform, efficiency of government spending and the tax system. It finds that Slovenia belongs to the group of new EU member countries, which have given in the past a high priority to fiscal prudence. This both stabilised the economy and paved the way for entry to the EU in 2004 and adoption of the euro in 2007. It also created room to counteract the current weakening of the economy. But fiscal policy has to cope with four main challenges: i) ensuring a return to fiscal consolidation after the current economic downturn; ii) achieving longer-term fiscal sustainability by continuing pension reform; iii) limiting growth of public spending and improving its quality; and iv) making the tax system less distorting for job creation and growth. This Working Paper relates to the 2009 OECD Economic Survey of the Slovenia (www.oecd.org/eco/surveys/slovenia).
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  • 75
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264056886
    Sprache: Englisch
    Seiten: Online-Ressource (323 p.) , ill.
    Paralleltitel: Druckausg.
    Paralleltitel: Parallelausg. La bioéconomie à l'horizon 2030 ; Quel programme d'action ?
    Paralleltitel: Erscheint auch als The bioeconomy to 2030
    RVK:
    Schlagwort(e): Biotechnologie ; Gentechnisch erzeugtes Produkt ; Biotechnologie-Industrie ; Politik ; Industriepolitik ; Technologiepolitik ; Science and Technology ; Economics ; Biowissenschaften ; Industriepolitik
    Kurzfassung: The biological sciences are adding value to a host of products and services, producing what some have labelled the “bioeconomy” and offering the potential to make major socio-economic contributions in OECD countries. Using quantitative analyses of data on development pipelines and R&D expenditures from private and public databases, this book estimates biotechnological developments to 2015. Moving to a broader institutional view, it also looks at the roles of R&D funding, human resources, intellectual property, and regulation in the bioeconomy, as well as at possible developments that could influence emerging business models to create scenarios to 2030. These scenarios are included to stimulate reflection on the interplay between policy choices and technological advances in shaping the bioeconomy. Finally, the book explores policy options to support the social, environmental and economic benefits of a bioeconomy.
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  • 76
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 76 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.715
    Schlagwort(e): Economics
    Kurzfassung: Economic growth is the basis of increased prosperity. This makes the attainment of growth a key objective for governments across the world. The rate of growth can be affected by policy choices through the effect that taxation has upon economic decisions and through productive public expenditures. This paper surveys the empirical analysis of disaggregate data on growth. The aim is to identify how economic policy can affect the choices that have been identified as influences upon the rate of growth.
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  • 77
    Sprache: Englisch
    Seiten: 74 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.702
    Schlagwort(e): Economics
    Kurzfassung: This paper uses WITCH, an integrated assessment model with a game-theoretic structure, to explore the prospects for, and the stability of broad coalitions to achieve ambitious climate change mitigation action. Only coalitions including all large emitting regions are found to be technically able to meet a concentration stabilisation target below 550 ppm CO2eq by 2100. Once the free-riding incentives of non-participants are taken into account, only a “grand coalition” including virtually all regions can be successful. This grand coalition is profitable as a whole, implying that all countries can gain from participation provided appropriate transfers are made across them. However, neither the grand coalition nor smaller but still environmentally significant coalitions appear to be stable. This is because the collective welfare surplus from cooperation is not found to be large enough for transfers to offset the free-riding incentives of all countries simultaneously. Some factors omitted from the analysis, which might improve coalition stability, include the co-benefits from mitigation action, the costless removal of fossil fuel subsidies, as well as alternative assumptions regarding countries’ bargaining behaviour.
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  • 78
    Online-Ressource
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    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 61 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.724
    Schlagwort(e): Economics
    Kurzfassung: In contrast to the once prevailing norm of secrecy and opaqueness, transparency has now become one of the main features characterising the conduct of monetary policy. Detailed analysis of eleven OECD central banks shows that communication practices have converged markedly in the direction of ever greater transparency. Empirical evidence is consistent with the hypothesis that transparency contributes to the successful conduct of monetary policy: higher transparency is a typical element of monetary frameworks that are associated with better anchored inflation expectations and more stable inflation outcomes. Despite this general trend toward increased transparency, however, central banks differ in actual communication practices. There is a particular divergence with respect to transparency in the decision-making process and communication regarding future policy inclination. Although the appropriate degree of transparency in these areas is an unsettled issue, the fact that financial dislocation is impairing conventional monetary transmission makes these two areas critical for policy implementation.
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  • 79
    ISBN: 9789264043695
    Sprache: Spanisch
    Seiten: Online-Ressource (210 p.)
    Ausgabe: Segunda edición
    Paralleltitel: Parallelausg. Measuring Capital - OECD Manual 2009; Second edition
    Paralleltitel: Parallelausg. La mesure du capital - Manuel de l'OCDE 2009 ; Deuxième édition
    Paralleltitel: Parallelausg. Measuring Capital - OECD Manual 2009: Second edition
    Paralleltitel: Parallelausg. La mesure du capital - Manuel de l'OCDE 2009 : Deuxième édition
    Schlagwort(e): Economics
    Kurzfassung: El capital –en particular el de tipo físico– juega varios roles en la vida económica: este constituye riqueza y provee de servicios en el proceso de producción. El capital es invertido, desinvertido y se deprecia llegando a ser obsoleto, y existe una cuestión de cómo medir todas estas dimensiones del capital en la industria y en las cuentas nacionales. El Manual del Capital revisado es la primera guía comprehensiva para los enfoques hacia la medición del capital. Este está dirigido a estadísticos, investigadores y analistas, y trata de dar asesoría práctica, mientras que provee una estructura teórica y un resumen de la literatura relevante. El Manual se presenta en tres partes –una primera parte–, con una descripción no técnica de los principales conceptos y de los pasos necesarios para la medición del capital; una segunda parte, dirigida a la implementación y una tercera parte, describiendo la teoría con una formulación matemática más completa del proceso de medición.
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  • 80
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264060265 , 9789264107137
    Sprache: Englisch
    Seiten: Online-Ressource (194 p.)
    Serie: OECD Insights
    Paralleltitel: Druckausg.
    Paralleltitel: Parallelausg. Le commerce international ; Libre, équitable et ouvert ?
    Paralleltitel: Parallelausg. Internationaler Handel; Frei, fair und offen?
    Paralleltitel: Erscheint auch als Love, Patrick International trade
    DDC: 382.1
    RVK:
    Schlagwort(e): Internationale Wirtschaft ; Welt ; Außenhandel ; Handelsvertrag ; Freihandel ; Fairer Handel ; Liberalisierung ; Economics ; Trade ; Erde ; Welthandel
    Kurzfassung: International trade affects the price and availability of practically everything we buy. It also plays a role in many other domains, including jobs, the environment and the fight against poverty. OECD Insights: International Trade argues that prosperity has rarely, if ever, been achieved or sustained without trade. Trade alone, however, is not enough. Policies targeting employment, education, health and other issues are also needed to promote well-being and tackle the challenges of a globalised economy. "The OECD is a major source for insightful analyses of current trade issues. It also plays a role in disseminating skilfully the results of less accessible writings on trade. This short book is a valuable addition to the latter endeavour and should be on the shelf of policy makers." -Jagdish Bhagwati, Columbia University
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  • 81
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264073975
    Sprache: Englisch
    Seiten: Online-Ressource (266 p.) , ill.
    Paralleltitel: Druckausg.
    Paralleltitel: Erscheint auch als Innovation and growth
    RVK:
    Schlagwort(e): Innovation ; Technischer Fortschritt ; Wirtschaftswachstum ; OECD-Staaten ; BRICS-Staaten ; Forschung ; Entwicklung ; Innovation ; Wirtschaftswachstum ; Nachhaltigkeit ; Science and Technology ; Economics ; Aufsatzsammlung ; OECD ; Entwicklungsländer ; Innovation ; Technischer Fortschritt
    Kurzfassung: Innovation is crucial to long-term economic growth, even more so in the aftermath of the financial and economic crisis. In this volume, the OECD and the World Bank jointly take stock of how globalisation is posing new challenges for innovation and growth in both developed and developing countries, and how countries are coping with them. The authors discuss options for policy initiatives that can foster technological innovation in the pursuit of faster and sustainable growth. The various chapters highlight how the emergence of an integrated global market affects the impact of national innovation policy. What seemed like effective innovation strategies (e.g. policies designed to strengthen the R&D capacity of domestic firms) are no longer sufficient for effective catch-up. The more open and global nature of innovation makes innovation policies more difficult to design and implement at the national scale alone. These challenges are further complicated by new phenomena, such as global value chains and the fragmentation of production, the growing role of global corporations, and the ICT revolution. Where and why a global corporation chooses to anchor its production affects the playing field for OECD and developing economies alike. Selected as a 2009 Notable Document by the American Library Association Government Documents Round Table.
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  • 82
    Sprache: Französisch
    Seiten: 1 Online-Ressource (30 p.)
    Paralleltitel: Parallele Sprachausgabe The incidence of carbon pricing: Norway, Russia and the Middle East
    Schlagwort(e): Economics ; Norway ; Russian Federation
    Kurzfassung: La Russie, la Norvège et les pays du Moyen-Orient sont trois régions du monde caractérisées par des héritages différents en matière de politiques énergétiques. Ces caractéristiques sont telles qu’elles rendent plus problématiques la mise en place de politiques de réduction des gaz à effet de serre en Russie, et dans les pays du Moyen-Orient, qu’en Norvège. Et ce, même si toutes trois sont des économies largement productrices d’énergie primaire. Par rapport au coût économique moyen d’une telle politique pour l’ensemble des pays du monde, la Russie sera durement touchée, le Moyen-Orient aussi, quoique dans une proportion moindre, la Norvège, en revanche, ne le sera guère plus que le reste du monde. Cette asymétrie souligne que si ces différences en termes d’impact sont mal appréhendées, alors des négociations internationales seraient sujettes à des marchandages sous informations asymétriques. Ces derniers pourraient alors empêcher d’aboutir à un accord global. Ce résultat n’est qu’une première illustration des efforts à fournir afin de surmonter de tels problèmes d’asymétries. Néanmoins certaines conclusions de cet article sont clairement explicites : en ce qui concerne le rythme des réformes des marchés de l’énergie en Russie, ou quant à la diversification des économies du Moyen Orient.
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  • 83
    Sprache: Französisch
    Paralleltitel: Parallele Sprachausgabe The contribution of economic geography to GDP per capita
    Schlagwort(e): Economics
    Kurzfassung: Cet article examine dans quelle mesure la dispersion des performances économiques entre pays de l’OCDE peut être expliquée par la proximité de zones denses d’activités économiques. Pour ce faire, divers indicateurs de distance par rapport aux marchés et de coûts de transports sont ajoutés comme déterminants dans un modèle de Solow augmenté, utilisé comme référence. Diverses mesures de distance sont estimées avoir un effet significatif sur le PIB par habitant. De plus, l’impact économique estimé est loin d’être négligeable. L’éloignement par rapport aux marchés pourrait pénaliser l’Australie et la Nouvelle Zélande, par rapport à la moyenne des pays de l’OCDE, à hauteur de 11 % du PIB. A l’inverse, la Belgique et les Pays-Bas bénéficieraient de leur position centrale pour environ 6-7 % du PIB. Des premières indications suggèrent également que les dépenses en R-D et en capital humain peuvent avoir un effet plus fort sur le PIB par tête dans les pays ayant un fort degré de concentration urbaine.
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  • 84
    Online-Ressource
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    Paris : OECD Publishing
    Sprache: Französisch
    Seiten: 42 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.741
    Paralleltitel: Parallelausg. How to Reform the Belgian Tax System to Enhance Economic Growth
    Schlagwort(e): Economics ; Belgium
    Kurzfassung: Les éléments constitutifs du système fiscal belge influe sur le processus de croissance par des canaux différents et à des degrés divers. Les impôts sur la consommation sont parmi ceux qui faussent le moins la croissance et il est tout à fait possible, en Belgique, d’exploiter davantage cette source de recettes fiscales. La taxation différenciée des instruments d’épargne fausse les décisions d’investissement, entravant le redéploiement des capitaux vers leur emploi le plus productif. Cependant, les impôts qui occasionnent le plus de distorsions sont ceux qui frappent le revenu du travail, en raison de leur impact sur les décisions des travailleurs en matière d'emploi. Conscientes de cela, les autorités belges ont cherché à alléger la fiscalité du travail. Cette dernière demeure cependant lourde en comparaison des autres pays, en raison de nombreuses exonérations, qui réduisent les bases d’imposition et nécessitent donc, pour compenser, des taux d’impôt plus élevés. Afin d’améliorer les perspectives des différents groupes sur le marché du travail, on a eu recours largement à des subventions salariales et des réductions de cotisations de sécurité sociale, créant ainsi un système complexe, souvent mal ciblé et visant parfois des objectifs contradictoires. En fin de compte, l’interaction entre l’impôt sur le revenu des personnes physiques, les cotisations de sécurité sociale et le généreux système de prestations a créé une multitude de pièges du marché du travail qui brident l’emploi. Les nouvelles réformes fiscales sont limitées par les problèmes importants et grandissants de viabilité des finances publiques, ce qui signifie que, à moins de procéder à de fortes compressions de dépenses, ces réformes devront s’autofinancer. Pour ce faire, il faut déplacer la charge fiscale vers les sources qui créent le moins de distorsions et élargir les bases d’imposition afin de pouvoir appliquer des taux plus bas. Ce document de travail se rapporte à l’Étude économique de l’OCDE de la Belgique, 2009 (www.oecd.org/eco/etudes/belgique).
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  • 85
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264015364
    Sprache: Englisch
    Seiten: Online-Ressource (144 p.)
    Serie: Development Centre Studies
    Paralleltitel: Parallelausg. Les origines de la mondialisation financière 1880-1913
    Schlagwort(e): Finance and Investment ; Development ; Economics
    Kurzfassung: This study traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development. A major conclusion is that the successful management of international financial integration depends primarily on broad institutional and political factors and financial policies, rather than simply opening or closing individual economies to the international winds. "A careful and vigorously argued monograph… an important book that future research in this area will have to take into account." – eh.net book review by Hugh Rockoff of Rutgers University.
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  • 86
    Sprache: Französisch
    Seiten: 33 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.660
    Paralleltitel: Parallelausg. Can the Financial Sector continue to be the Main Growth Engine in Luxembourg?
    Schlagwort(e): Economics ; Luxembourg
    Kurzfassung: Le secteur financier a été le principal moteur de l'économie au cours des deux dernières décennies. Les avantages comparatifs du Luxembourg en matière d'activités financières résident essentiellement dans le caractère évolutif de son cadre législatif et réglementaire ainsi que dans le faible niveau de sa fiscalité. En conséquence, le Luxembourg est aujourd'hui un des principaux centres internationaux pour les fonds d'investissement. Au-delà des effets directs et indirects de ce secteur d'activité sur l'emploi, sa retombée la plus importante est l'ampleur des recettes fiscales qu'il permet aux pouvoirs publics d'engranger, puisqu'il représente directement plus de 20 % de l'ensemble des rentrées d'impôts. Cela dit, ces recettes fiscales sont très fluctuantes, dans la mesure où ce secteur est extrêmement sensible à l'évolution des marchés de capitaux internationaux. De fait, les contractions intervenues par le passé sur ces marchés ont eu tendance à entraîner un net ralentissement de la croissance de l'économie luxembourgeoise ainsi que des revenus du secteur financier, ce qui laisse à penser que les risques associés aux turbulences financières internationales actuelles sont très substantiels. Au-delà de ces considérations à court terme, le taux de croissance tendanciel du secteur va probablement diminuer à moyen terme. Les principales activités du secteur sont les prestations d'administration financière correspondant aux services de suivi de marché et de postmarché, que les nouvelles technologies de l'information permettront de délocaliser de plus en plus. Par ailleurs, le secteur a des difficultés à attirer des spécialistes hautement qualifiés pour prendre pied dans le domaine plus rémunérateur des activités de service de clientèle. À plus long terme, la concurrence internationale continuera à exercer des pressions qui pourraient finir par remettre en cause la position du Luxembourg. L'ampleur du déclin de la croissance tendancielle du secteur financier dépendra de la capacité du Luxembourg à préserver et renforcer l'attrait qu'il exerce sur les investisseurs et les travailleurs. Pour ce faire, les autorités devront parvenir à adapter leurs politiques dans les domaines de la fiscalité, des infrastructures et du logement pour attirer des étrangers très compétents, tout en révisant la réglementation du secteur financier et en renforçant sa transparence.
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  • 87
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    Paris : OECD Publishing
    ISBN: 9789264053656
    Sprache: Französisch
    Seiten: Online-Ressource (200 p.)
    Paralleltitel: Parallelausg. OECD Journal; Economic Studies, Volume 2008
    Paralleltitel: Parallelausg. OECD Journal: Economic Studies, Volume 2008
    Schlagwort(e): Economics
    Kurzfassung: Ce numero de la Revue économique de l'OCDE comprend des articles sur services assurés par les pouvoirs publics et distribution des ressources économiques des ménages, améliorer l’efficacité des dépenses de santé et les politiques structurelles.
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  • 88
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Französisch
    Seiten: 1 Online-Ressource (28 p.)
    Paralleltitel: Parallele Sprachausgabe Fiscal equalisation
    Schlagwort(e): Economics
    Kurzfassung: La péréquation financière constitue un transfert de ressources budgétaires entre les autorités infranationales visant à compenser les disparités territoriales en termes de capacité fiscale ou de coût des services publics. Ce transfert représente 2.5 % du PIB ou 5 % de l’ensemble des dépenses publiques en moyenne pour l’ensemble des pays de l’OCDE. La péréquation permet de réduire de deux tiers en moyenne les disparités financières voire de virtuellement les combler entièrement dans certains pays. Cependant la péréquation ne va pas sans coût : en moyenne près de 70 % du revenu fiscal additionnel d’une autorité infranationale se trouve dédié à un fonds national de péréquation. Le taux de péréquation est en général plus élevé pour les collectivités territoriales disposant d’une faible capacité fiscale, ce qui limite leur effort fiscal et risque de ralentir la convergence économique entre les régions. La péréquation selon les coûts représente un pourcentage de PIB plus important que celle qui repose sur les revenus, et ce bien que les disparités soient moins élevées en termes de coût qu’en termes de revenus. Ce constat souligne les inefficacités des formules de péréquation. En particulier, la péréquation financière peut s’avérer pro-cyclique même si la plupart des pays parviennent à contenir les variations des engagements de dépense des collectivités territoriales, parfois même au prix de leurs besoins budgétaires. Les systèmes de péréquation financière sont en fait très marqués par les spécificités nationales, aussi les données comme les conclusions de l’analyse comparative doivent être prises avec précaution. Par Hansjörg Blöchliger et Claire Charbit
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  • 89
    Sprache: Französisch
    Seiten: 1 Online-Ressource (54 p.)
    Paralleltitel: Parallele Sprachausgabe The macroeconomic policy challenges of continued globalisation
    Schlagwort(e): Economics
    Kurzfassung: Cet article étudie les défis de politiques économiques posés par la poursuite éventuelle au cours des deux prochaines décennies de l’intégration commerciale et financière internationales. Cette étude est fondée sur l’utilisation d’un modèle macroéconomique mondial récemment développé par l’OCDE. L’analyse conduit à plusieurs implications politiques importantes. Tout d’abord, avec une part croissante des économies non membres de l’OCDE dans la production mondiale, le commerce et les marchés financiers, les changements économiques mondiaux deviendront beaucoup plus dépendants de ceux de ces économies. Ensuite, la soutenabilité des déséquilibres mondiaux des comptes courants existants dépendra en partie de la construction et de la composition futures des avoirs et engagements internationaux. Alors que les déséquilibres devraient être soutenables un certain temps si l’intégration économique continue à ce rythme, un ralentissement du processus de mondialisation augmenterait la possibilité d’un ajustement brutal des marchés financiers. Enfin, l’accroissement des liens commerciaux et internationaux implique que les chocs macroéconomiques affectant un pays ou une région donnée auront dans le futur un impact plus fort sur les autres économies que maintenant. Les décideurs politiques des pays de l’OCDE devraient donc agir plus rapidement et plus fortement aux chocs économiques affectant les économies non membres de l’OCDE afin d’en limiter l’impact sur les économies membres.
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  • 90
    Sprache: Französisch
    Seiten: 1 Online-Ressource (38 p.)
    Paralleltitel: Parallele Sprachausgabe Globalisation and employment in the OECD
    Schlagwort(e): Economics
    Kurzfassung: Nous examinons dans cet article certains des changements qui pourraient se produire sur les marchés nationaux du travail de nombreux pays de l’OCDE en raison de l’internationalisation de la production des entreprises multinationales, en mettant plus particulièrement l’accent sur l’impact des flux d’investissement direct étranger (IDE) en provenance des pays de l’OCDE sur l’emploi dans le pays d’origine des entreprises investisseuses. Les études existantes laissent à penser que l’effet global des échanges et de l’internationalisation de la production sur la situation d’ensemble du marché du travail a été relativement modeste, même si certaines catégories de qualifications et de professions ont été plus fortement touchées. Les résultats empiriques présentés dans cet article tendent à indiquer que l’impact global sur l’emploi des flux sortants d’IDE varie suivant les branches d’activité et les pays. En ce qui concerne les secteurs manufacturiers entretenant des liens commerciaux étroits avec les économies non membres de l’OCDE, certains éléments montrent que l’emploi intérieur est devenu plus sensible aux variations des coûts de main-d’œuvre dans le pays considéré. À l’échelon national, nous parvenons à la conclusion que la croissance de l’investissement à l’étranger exerce un effet positif significatif sur la croissance de l’emploi intérieur aux États-Unis. À l’inverse, on constate l’existence d’une relation négative au Japon, en particulier pour les flux d’IDE à destination de la Chine. Par Margit Molnar, Nigel Pain et Daria Taglioni.
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  • 91
    ISBN: 9789264044616
    Sprache: Englisch
    Seiten: Online-Ressource (554 p.)
    Paralleltitel: Erscheint auch als Productivity measurement and analysis
    Schlagwort(e): Produktivität ; Arbeitsproduktivität ; Messung ; Economics ; Aufsatzsammlung ; Konferenzschrift ; Produktivität ; Produktivitätsmessung ; Produktivitätszuwachs
    Kurzfassung: Productivity measurement and analysis are the main topics addressed in this book, which brings together contributions presented and discussed in two international workshops organized by the Statistics Directorate and the Directorate for Science, Technology and Industry (DSTI) of the OECD. The first workshop was organised jointly by the OECD with Fundaccion BBVA and the Instituto Valenciano de Investigaciones Económicas and held in Madrid in October 2005, and the second one was organized jointly by the OECD and the Swiss Federal Statistical Office and the State Secretary for Economic Affairs of Switzerland and held in Bern in October 2006. The two workshops brought together representatives of statistical offices, central banks and other branches of government in OECD countries that are engaged in the analysis and the measurement of productivity developments at aggregate and industry levels.
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  • 92
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264056442
    Sprache: Englisch
    Seiten: Online-Ressource (158 p.) , ill.
    Paralleltitel: Parallelausg. Manuel de l'OCDE sur les statistiques des brevets
    Paralleltitel: Parallelausg. Manual de estadísticas de patentes de la OCDE
    Paralleltitel: Erscheint auch als OECD OECD patent statistics manual
    RVK:
    RVK:
    Schlagwort(e): Patent ; Datenerhebung ; OECD-Staaten ; Science and Technology ; Economics ; Anleitung ; Patent ; Statistik
    Kurzfassung: This 2009 edition of the OECD Patent Statistics Manual takes stock of the recent developments in the field. It provides guiding principles for the use of patent data in the context of S&T measurement, and recommendations for the compilation and interpretation of patent indicators in this context. It aims to show what patent statistics can and cannot be used for, and how to count patents in order to maximise information on S&T activities while minimising statistical noise and biases. Finally, it describes how patent data can be used in the analysis of a wide array of topics related to technical change and patenting activity including industry-science linkages, patenting strategies by companies, internationalisation of research, and indicators on the value of patents.
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  • 93
    ISBN: 9789264079205
    Sprache: Englisch
    Seiten: Online-Ressource (168 p.)
    Paralleltitel: Parallelausg. Handbook on Deriving Capital Measures of Intellectual Property Products; (Korean version)
    Paralleltitel: Parallelausg. Handbook on Deriving Capital Measures of Intellectual Property Products: (Korean version)
    Paralleltitel: Erscheint auch als Handbook on deriving capital measures of intellectual property products
    RVK:
    Schlagwort(e): Immaterialgüterrechte ; Volkswirtschaftliche Gesamtrechnung ; Economics ; Immaterialgut ; Immaterielles Wirtschaftsgut ; Messung ; System of National Accounts ; Kapitalbildung
    Kurzfassung: The latest System of National Accounts (the 2008 SNA) explicitly recognises, for the first time, that expenditures on research and experimental development (R&D) should be recorded as capital formation. This is a natural extension to the 1993 SNA, which recommends recording many acquisitions of software and databases, mineral exploration, and entertainment, artistic and literary originals as capital formation, too. These products have a common characteristic, namely that their value reflects the underlying intellectual property they embody, which is why they are referred to collectively in this publication as intellectual property products (IPPs). But they also share another important characteristic: their measurement is not straightforward, and in the absence of clear guidance it is highly likely that estimates will not be comparable between countries. This Handbook is designed to provide that guidance by considering IPPs collectively, based on their common characteristics, by type, based on any specificities, such as data availability, and by detailed transaction - for example the valuation of IPPs that have been produced for internal use by their developers, the valuation of unsuccessful IPPs, and the production of IPPs produced and made freely available by government.
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  • 94
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Französisch
    Seiten: 50 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.720
    Paralleltitel: Parallelausg. The Challenge of Restoring French Competitiveness
    Schlagwort(e): Economics ; France
    Kurzfassung: Depuis le début des années 2000, la France a connu une détérioration marquée de sa performance à l’exportation, conduisant à des préoccupations accrues de la part des autorités et de la société civile sur la capacité d’adaptation de l’économie à une mondialisation croissante des échanges et de l’investissement en biens et services. Les mauvaises performances enregistrées du commerce extérieur sont liées à une série de facteurs plutôt qu’à une seule cause unique. Elles ne peuvent être expliquées par les seuls déterminants externes tels que le taux de change, l’avènement dans le commerce mondial de pays émergents à fort potentiel d’exportation ou la forte hausse des prix du pétrole en 2007-08. En effet, ce n’est pas tant la perte de parts de marchés en soi qui est inquiétante – elle s’est produite dans de nombreux pays – mais plutôt son ampleur dû à la difficulté à répondre à l’accélération de la demande mondiale dans les années 2000, datant d’avant l’apparition de la crise économique actuelle. En effet, l’analyse de la dégradation de la compétitivité renvoie davantage à des facteurs d’offre liés à la moindre aptitude des entreprises françaises à servir les marchés étrangers, mais aussi au développement de stratégies industrielles d’établissement à l’étranger de la totalité du processus de production. Le redressement de la compétitivité passera par un renforcement de la croissance potentielle et une action sur ses principaux déterminants à long terme, tels que l’accroissement de la recherche et développement, la promotion de l’innovation, la baisse du poids de la fiscalité, une amélioration de la concurrence et la création de conditions propices à une croissance rapide des entreprises. Le manque de compétitivité est le plus souvent un symptôme, et non la cause d’une ou plusieurs faiblesses économiques sous-jacentes. C’est pourquoi, il est préférable que l’intervention publique soit globale et porte sur les sources du problème de compétitivité et non qu’elle prenne la forme d’aides ciblées visant à remédier directement au déficit croissant de la balance commerciale. Ce document de travail se rapporte à l’Étude économique de l’OCDE de la France, 2009 (www.oecd.org/eco/études/France).
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  • 95
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 51 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.668
    Schlagwort(e): Economics
    Kurzfassung: This overview paper examines the financial crisis in light of past country experience and economic theory and sets out some preliminary policy recommendations. A number of facets of the crisis are detailed, including its origins and spreading factors as well as crisis resolution policies and their associated gross and net fiscal costs. The implications of the crisis on key macro-economic variables are subsequently presented. Finally, policy recommendations for both addressing the economic downturn and enhancing the resilience of the economies over the medium to long-term are discussed.
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  • 96
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Französisch
    Seiten: 33 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.743
    Paralleltitel: Parallelausg. Fiscal Federalism in Belgium: Main Challenges and Considerations for Reform
    Schlagwort(e): Economics ; Belgium
    Kurzfassung: Ce document de travail porte sur l’état actuel des relations budgétaires entre les différents niveaux d’administration en Belgique ainsi que sur la manière dont celles-ci ont évolué au fil du temps. Partant du constat que le système qui donne corps au fédéralisme budgétaire est source de déséquilibres entre l’administration fédérale et les échelons infra-fédéraux (déséquilibre vertical) de même qu’entre les différentes entités fédérées (déséquilibre horizontal), les auteurs esquissent des orientations pour l’améliorer. Faute de réformes, le déséquilibre vertical ne fera que s’accentuer dans la mesure où la charge budgétaire imposée par le vieillissement de la population grèvera principalement le budget fédéral. Aussi la réforme devra-telle viser à renforcer la capacité budgétaire de l’administration fédérale en améliorant ses sources de recettes et en faisant basculer la charge représentée par certaines dépenses obligatoires sur les entités fédérées. Le déséquilibre entre régions résulte du manque de cohérence entre fiscalité et dépenses. Les recettes partagées provenant de l’impôt sur le revenu des personnes physiques sont attribuées à la région de résidence tandis que la région du lieu de travail n’en bénéficie pas, ce qui pénalise particulièrement la région de Bruxelles-Capitale en termes de recettes. Cette anomalie pourrait être corrigée en attribuant à la région du lieu de travail une proportion plus élevée des recettes partagées de l’impôt sur le revenu des personnes physiques. Par ailleurs, il conviendrait de réorganiser le système des subventions de péréquation afin d’inciter les régions bénéficiaires à développer leurs propres sources de recettes fiscales. La performance du système budgétaire pourrait être encore améliorée si l’on réussissait à accroître l’efficience des dépenses dans les domaines d’intérêt national qui sont du ressort des entités fédérées ou dans lesquels on observe un chevauchement de compétences, qu’il s’agisse des politiques de l’emploi, de la R-D, de la formation, de l’éducation, de l’énergie et de l’environnement.
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  • 97
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    Sprache: Englisch
    Seiten: 30 p. , 21 x 29.7cm
    Serie: OECD Economics Department Working Papers no.663
    Schlagwort(e): Economics
    Kurzfassung: This paper develops and applies a simple “conditional growth” framework to make long-term GDP projections for the world economy, taking as a starting point recent empirical evidence about the importance of total factor productivity and human capital in explaining current cross-country disparities in GDP per capita levels. Other distinct features of the projection framework include human capital projections by cohorts and implicit allowance for the impact of ageing and potential labour market and pension reforms on future growth in employment levels. In the baseline projection, world GDP would grow in PPP terms by about 3 ¾ % per year on average over the period 2005-2050. When expressed in constant market exchange rates, taking into account future Balassa-Samuelson effects, this projection falls roughly in the middle of the range of long-run scenarios recently developed in the context of greenhouse gas emission projections. The sensitivity of the projection to total factor productivity and population growth assumptions is significant, however, and compounds with deeper sources of uncertainty such as model and parameter uncertainty.
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  • 98
    Online-Ressource
    Online-Ressource
    London : Routledge
    ISBN: 0415435803 , 0203887646 , 9780415435802 , 9780203887646
    Sprache: Englisch
    Seiten: Online-Ressource (xiv, 194 p) , ill
    Ausgabe: Online-Ausg. 2011 Electronic reproduction; Available via World Wide Web
    Serie: Routledge frontiers of political economy 116
    Paralleltitel: Print version Economics, Rational Choice and Normative Philosophy
    DDC: 302.13
    Schlagwort(e): Economics ; Philosophy ; Rational choice theory
    Kurzfassung: Leading international experts in the field of normative social choice theory, complemented by experts in economic methodology and political science discuss the major developments arising from collaboration between experts in these cognate disciplines
    Beschreibung / Inhaltsverzeichnis: Book Cover; Title; Copyright; Contents; Contributors; Preface; Introduction; Part I: Diversity, rights, norms and intentions; 1 What is diversity?; 2 Intentions, decisions and rationality; 3 Waiving and exercising rights in the theory of social situations; 4 Consequentialist choice and behavior: A comparison; Part II: Social choice, judgment aggregation and rationality of legal order; 5 Social choice, fuzzy preferences and manipulations; 6 Judgment aggregation under constraints; 7 Rationality and the legal order; Part III: Philosophical aspects of normative social choice
    Beschreibung / Inhaltsverzeichnis: 8 Distributing causal responsibility in collectivities9 The logic of valuing; 10 Holistic defences of rational choice theory: A critique of Davidson and Pettit; Index
    Anmerkung: Includes bibliographical references and index , Electronic reproduction; Available via World Wide Web
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  • 99
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264056251
    Sprache: Englisch
    Seiten: Online-Ressource (467 p.)
    Ausgabe: Second Edition
    Serie: PISA
    Schlagwort(e): Education ; Economics
    Kurzfassung: The OECD Programme for International Student Assessment (PISA) surveys collected data on students’ performance in reading, mathematics and science, as well as contextual information on students’ background, home characteristics and school factors which could influence performance. This publication includes detailed information on how to analyse the PISA data, enabling researchers to both reproduce the initial results and to undertake further analyses. In addition to the inclusion of the necessary techniques, the manual also includes a detailed account of the PISA 2006 database. It also includes worked examples providing full syntax in SAS®.
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  • 100
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264060531
    Sprache: Deutsch
    Seiten: Online-Ressource (202 p.)
    Serie: OECD Insights
    Paralleltitel: Parallelausg. International Trade; Free, Fair and Open?
    Paralleltitel: Parallelausg. Le commerce international ; Libre, équitable et ouvert ?
    Paralleltitel: Parallelausg. International Trade: Free, Fair and Open?
    Paralleltitel: Parallelausg. Le commerce international : Libre, équitable et ouvert ?
    Schlagwort(e): Economics ; Trade
    Kurzfassung: Der internationale Handel hat Auswirkungen auf den Preis und die Verfügbarkeit von fast allem, was wir kaufen. Zudem hat er Einfluss auf eine Vielzahl anderer Bereiche wie Beschäftigung, Umwelt und Armutsbekämpfung. Und er wird seinerseits von einer Fülle verschiedener Faktoren beeinflusst, von der natürlichen Ressourcenausstattung bis hin zu Modetrends. Die OECD ist eine führende Quelle für Daten, Analysen und Politikempfehlungen in Handelsfragen. Gestützt auf dieses umfassende Fachwissen wird in OECD Insights: Internationaler Handel deutlich gemacht, dass es ohne Handel – wenn überhaupt – nur selten gelungen ist, Wohlstand zu erreichen oder zu sichern. Handel allein ist jedoch nicht genug. Es bedarf darüber hinaus Maßnahmen in Bereichen wie Beschäftigung, Bildung oder Gesundheit, um das Wohlergehen der Menschen zu fördern und die Herausforderungen der globalisierten Wirtschaft zu bewältigen.
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