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This paper presents a productivity growth measure that explicitly accounts for natural capital as an input factor and for undesirable goods, or “bads”, as an output of the production process.
To strengthen social cohesion, a top government priority, it is essential to address the labour market roots of inequality by breaking down dualism to reduce the share of non-regular workers and to boost the employment ratio toward the government’s 70% target.
A creative economy requires innovation-friendly conditions. Korea’s innovation system should be
improved by upgrading universities and expanding their role in business R&D, while increasing
international collaboration in R&D from its current low level.
OECD annual inflation stable at 2.1% in June 2014
This study analyses the economic rent generated by the exploitation of a non-renewable resource, and the taxation of this rent.
Economists have traditionally been very cautious when studying the interaction between employment and health because of the two-way causal relationship between these two variables: health status influences the probability of being employed and, at the same time, working affects the health status.
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal.
House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs.
Life is quite good in the United States compared to other OECD countries, thanks to strong economic
growth and technological progress having lifted average income to high levels. Nonetheless, there is
evidence that the benefits from growth have not been sufficiently broad based.
Since around 2007, the country has been enjoying an “energy renaissance” thanks to its abundant stocks of shale oil and gas. The resurgence in oil and gas production is beginning to create discernible economic impacts and has changed the landscape for natural gas prices in the United States, boosting competitiveness.