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New Zealand’s living standards remain well below the OECD average, a situation attributable to low productivity, which in turn is related to economic geography as well as structural policy factors.
In his speech delivered at the China Development Forum, Mr Gurria described the growing OECD collaboration with China, highlighting the benefits for China, the Organisation and for the world economy as a whole.
Remarks by Jørgen Elmeskov, OECD Acting Chief Economist at the OECD/IMF conference on structural reform in Europe on 17 March 2008.
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Between 2004 and 2006, the Competition Committee held a series of four roundtables on private enforcement in competition cases. This document summarises those discussions and focuses on general principles and policies as well as a number of specific issues related to private actions for damages.
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This roundtable examined the links between competition policy and energy security, with a focus on natural gas. The discussion began by addressing the questions of the meaning and importance of energy security; and the determinants of energy security, particularly as they relate to competition policy.
It continued in dealing with gas supply, transportation, and distribution, addressing five aspects that relate to different aspects
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This roundtable addressed the economics, practice, and policy of vertical merger enforcement. It explored the state of research on vertical mergers and the practical strategies, difficulties, and successes of vertical merger enforcement by competition agencies.
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Competition can improve the functioning of the retail banking sector without harming prudential regulation. Customer mobility and choice are essential to stimulate banking competition; credit ratings and easy, low-cost transaction costs for switching are crucial for promoting customer mobility.
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Regulation of the legal professions, including self-regulation, typically involves many restrictions on entry and professional conduct. Certain restrictions may be a remedy to market failures and may also be based on distributional or paternalistic motives. But other restrictions can be based on rent-seeking and achieve cartel-like effects. The major policy challenge is to identify and remove the restrictions which are unnecessary or
This working paper discusses Austria’s innovation performance, its innovation policies, and general framework conditions for innovation and growth.