OECD Home › Economy › Productivity and long term growth
The new government has set an ambitious course of economic and social reforms. Much progress has already been made. Yet productivity remains insufficient and more needs to be done to strengthen institutions
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The well-developed transport infrastructures are close to peak time saturation. Better price signals in road and public transport can secure better utilisation, ease congestion and reduce negative environmental impacts.
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The labour productivity gap was 25% below the top half of OECD countries in 2011. To narrow the gap, Japan needs structural reforms, particularly in services and to improve the education system while increasing its contribution to innovation.
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This 2013 edition assesses progress that countries have made in responding to Going for Growth policy recommendations since 2011. Against this background, it identifies and discusses new priority areas where structural reforms are needed to lift growth across OECD and BRIICS countries. Going for Growth is the OECD's annual report highlighting developments in structural policies in OECD countries. It identifies structural reform priorities to boost real income for each OECDS country and key emerging economies (Brazil, China, India, Indonesia, Russsia and South Africa). |
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Looking to 2060: Long-term growth prospects for the world, 9 November 2012, Economic Policy Paper no. 3 |
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The 2012 Compendium of Productivity Indicators presents a broad overview of recent and longer term trends in productivity levels and growth in OECD countries highlighting some of the key measurement issues faced when compiling cross-country comparable productivity indicators and describes the caveats needed in analyses. It draws mainly on the OECD Productivity Database and OECD Productivity Database by Industry, but also on other sources such as the OECD STAN database for Structural Analysis, which enables productivity calculations for individual industries, the OECD Unit Labour Costs and the OECD Structural and Demographic Business Statistics. |
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