A three-phase process…
Phase I: A broad based analysis of the country’s situation identifies major development obstacles and their micro-level determinants. The analysis is based on a common methodological framework that is conducted in close co-operation with the partner government to facilitate a common understanding of development obstacles.
Phase II: Two to three major topics identified as key bottlenecks are investigated in more depth, including suitable policy recommendations on how to address these bottlenecks.
Phase III: Designed to support governments’ efforts in developing strategies and implementing policy recommendations.
…that uses analytical tools …
A range of OECD diagnostic tools are available for the analysis:
- How's Life Well Being Analysis
- Export competitiveness Analysis
- Productivity Analysis
- Inequality Assessment
- Tax Structure and Incidence Assessment
- Total Factor Productivity Estimations
- R&D Analysis by Economic Sector
- Growth Perspectives and Risk Scenarios
- Growth cycles and Output Gap Estimations
- Structural Transformation Analysis
… and a strong expertise…
The MDCRs are carried out by a multi-disciplinary team from across the OECD (Development Centre, Economics directorate, Statistics directorate and other specialist directorates depending on the constraints identified), jointly with regional and local partners.
Ongoing reviews have partnered with the Latin American Development Bank - CAF, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), the United National Economic and Social Commission for Asia and the Pacific (UN ESCAP) among others.
… for tailored policy advice…
The MDCRs incorporate policy implementation phase analysis, taking into account the political and economic feasibility of the required reforms. They also include a component of strategy-building based on the deep analysis of a country’s particular growth prospects, social dynamics and interrelations across policy sectors.
Finally, the approach seeks to facilitate governmental learning and capacity building with workshops being held in every phase.
… that lasts between 12 - 18 months.