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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
The economic effects of environmental policies are of central interest to policymakers. The traditional approach sees environmental policies as a burden on economic activity, at least in the short to medium term, as they raise costs without increasing output and restrict the set of production...
Persistent link: https://www.econbiz.de/10011276877
In the 16 years since the OECD began conducting Economic Surveys of the Russian Federation, a great many policy recommendations relating to structural reform and framework conditions have been made. This paper, expanding on Annex 1.A1 in the 2011 OECD Economic Survey of the Russian Federation,...
Persistent link: https://www.econbiz.de/10009394360
Australia’s productivity growth has decelerated markedly around the turn of the century. Part of the decline is probably temporary, but raising multifactor productivity is key to ensure that living standards continue to grow strongly, especially if the currently strong terms of trade weaken...
Persistent link: https://www.econbiz.de/10011276866
Danish productivity has grown only weakly over the past two decades, both historically and in relation to other countries, despite sound policies and institutions. At the same time, the country has lost export market shares. Denmark needs to continue its efforts to reap the benefits of...
Persistent link: https://www.econbiz.de/10011276893
The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...
Persistent link: https://www.econbiz.de/10011276999
The US innovation system has many strengths, including world class research universities and firms that thrive in innovation-intensive sectors. However, fissures have begun to appear, notably in the areas of human capital development, the patent system and manufacturing activity, while public...
Persistent link: https://www.econbiz.de/10011277031
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it. Recent competition policy reforms that strengthen enforcement of cartel law must now be...
Persistent link: https://www.econbiz.de/10008462847
Despite some weakening in the 1990s, partly due to sluggish trend growth, the Swiss innovation performance has been …<BR>Nonobstant une certaine détérioration durant les années 1990 liée en partie à une croissance tendencielle faible, la performance de …'encore renforcer cette performance et d'aider la Suisse à préserver sa position de leader malgré les changements qui s'opèrent dans l …
Persistent link: https://www.econbiz.de/10005045715
market regulations are negatively associated with productivity performance. The negative effect is larger the further a …
Persistent link: https://www.econbiz.de/10005046184