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Extensive structural reforms since the early 1990s have strengthened the resilience of the Swedish economy to shocks.
In this paper we include measures of school quality in regressions determining the labour market premiums to education level.
Sweden is a very egalitarian country but inequalities have risen and some groups are poorly integrated into the labour market.
Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area fell by 0.2% in the fourth quarter of 2012, after a 0.3% increase in the previous quarter. This is the first contraction of GDP in the OECD area since the very sharp decline in the first quarter of 2009 (minus 2.3%).
The OECD continues its work to improve the effectiveness of automatic exchange of information as a compliance tool and to ensure that the information exchanged will remain secure and confidential, said Angel Gurría, OECD Secretary-General.
In his remarks to G20 Finance Ministers, OECD Secretary-General explained that we need decisive economic measures on the supply side that can boost confidence - the touchstone of all our efforts - and can tip the scales towards an upside growth scenario relative to the downside risks.
The OECD has much to offer to the G20 and can help the Presidency to deliver concrete and meaningful outcomes on the issue of financing for investment, said Angel Gurría, OECD Secretary-General.
In his remarks, Angel Gurría noted that this new issue of Going for Growth comes at a time when the likelihood of worst-case economic scenarios has receded but the road to a strong and balanced recovery is still fraught with many challenges.
Structural reforms offer governments a powerful tool to boost economic growth, create jobs and bring about a strong and balanced economic recovery, according to the OECD’s latest Going for Growth report.
In his remarks, OECD Secretary-General answers the three following questions: Where is growth going to come from? How sustainable will it be? Who is going to benefit from it?