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21-Apr-2008
Compliance with the structural budget surplus rule, which has been in place since 2001, has allowed the government to maintain a counter cyclical fiscal stance in an environment of rising copper prices, while delivering a gradual reduction in public indebtedness. Monetary policy is conducted within a framework that combines inflation targeting with exchange rate flexibility. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile).
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21-Apr-2008
Chile’s labour force participation is low by comparison with most countries in the OECD area, especially among females and youths. In the case of women, labour supply has risen steadily over time for prime age and older individuals, against a background of relative stability for men.
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17-Apr-2008
While Chile’s tax system is not particularly burdensome to business formality, there is scope for making product-market regulations less onerous to firms and the labour code more flexible, especially with regards to indefinite contracts and the allocation of working time. Low human capital remains an important obstacle to reducing labour informality. To the extent that informal businesses also hire informally, there is some room for designing policies to tackle business informality in conjunction with those aimed at boosting formal labour contracting.
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01-Apr-2008
This paper uses the OECD’s indicators of product market regulation to assess the extent to which the regulatory environment affects economic performance across Indian states. The degree to which product market regulation is supportive of competition is found to vary considerably across states. Furthermore, regression results indicate that these differences in regulation have a significant impact on both labour and total factor productivity.
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01-Apr-2008
Competition in product markets has been found to be an important determinant of economic performance in developed and developing countries. This paper uses the OECD’s indicators of product market regulation (PMR) to assess the extent to which India’s regulatory environment is supportive of competition in markets for goods and services. The results indicate that although liberalisation has improved the regulatory environment to international best practices in a few areas, the overall stance of product market regulation is still relatively restrictive.
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12-Mar-2008
Switzerland has had a long standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the excess of national saving over domestic investment. This Working Paper is largely extracted from the 2007 OECD Economic Survey of Switzerland (www.oecd.org/eco/survey/switzerland).
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12-Mar-2008
This paper examines varies areas of India´s fiscal policy, in particular fiscal discipline, the structure of government spending, the tax system and fiscal federalism. It describes reforms over the past decades which, as part of the overall economic reform agenda, helped lifting the Indian economy to a higher growth path. It also discusses where further reforms are desirable to further reduce economic distortions and improve the provision of public services. This Working Paper relates to the 2007 OECD Economic Survey of India (www.oecd.org/eco/surveys/india).
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05-Oct-2007
Mexico has shown responsibility in fiscal policy, and its headline fiscal position is good. However, the underlying situation of public finances is not yet comfortable because of the heavy reliance of the budget on uncertain oil revenue.
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05-Oct-2007
This chapter discusses Mexico’s foreign trade and investment policies and provides specific recommendations to enhance the benefits of a closer integration in the world economy.
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05-Oct-2007
To lift overall growth and improve the benefits from openness to trade and FDI, Mexico needs to make complementary reforms to enhance the efficiency, quality and quantity of infrastructure services.
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