Productivity and long term growth

Going for Growth 2018 - Overview of structural reforms actions in 2017

 

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Reform intensity, as conveyed by the reform responsiveness rate indicator, looks set to remain below the peak observed in 2011-12. Considering jointly reforms fully implemented and in the process of implementation, the intensity has stabilised (Figure 1.2). Moreover, some bold actions were taken – over a third of actions implemented in 2017 have been assessed as “major steps” by OECD country specialists. As legislative intensity can vary significantly from one year to the next – including due to political cycles - and the importance of individual actions can differ vastly, caution is needed in comparing the pace reported over the course of one year (2017) in this interim report relative to the pace averaged over a two year period (2015-16) documented in the previous issue of Going for Growth.

 

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