Structural reforms are regularly assessed based on their ability to boost GDP per capita. This emphasis relies on the assumption that higher GDP per capita is systematically associated with rising living standards for the vast majority of citizens. This view is increasingly being challenged.
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Slovenia’s living standards measured in GDP per capita are currently some 20% below the EU15 average and have not yet reached their pre-crisis level.
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Skill requirements in the labour market have significantly changed over the past two decades. The restructuring of the economy is making the labour market increasingly knowledge-based.
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Spending on public administration itself is relatively low and so are indicators of its performance.
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Over the past two decades, the income level of the Czech Republic has converged considerably towards the OECD average.
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This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries.
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Turkey’s manufacturing sector has expanded considerably but not efficiently and competitively enough.
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Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in particular when measured in value added terms.
What happens to workers who lose their jobs due to firm exit – how quickly are they re-employed and what are the policies that can aid this process?
Economic resilience can be strengthened implementing policies aimed at mitigating both the risks and consequences of severe crises.