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Stimulating competition, innovation and investment in services and fostering the employment of low-skilled workers would help increase potential output and social cohesion.
Slovenia achieved strong economic growth leading to a marked catch up with the EU15 during the last decade. This dynamic growth has been interrupted by the global recession, adversely affecting Slovenian exports and banks’ refinancing possibilities. As the economy recovers, efforts to achieve real convergence need to be renewed.
Slovenia belongs to the group of new EU member countries, which have given a high priority to fiscal prudence. This both stabilised the economy and paved the way for entry to the EU in 2004 and adoption of the euro in 2007. It also created room to counteract the current weakening of the economy. But fiscal policy has to cope with four main challenges: i) ensuring a return to fiscal consolidation after the current economic downturn;
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To address the current issues, this chapter starts by looking at simple ways of estimating the possible impact of recent increases in real energy and capital costs on potential growth.
The aim of the recent healthcare reform was to increase the sustainability of healthcare finances, by reducing its negative impact on employment and increasing cost-effectiveness via enhanced competition, as discussed in this working paper.
This working paper suggests that while student achievement is above the OECD average in science and at the OECD average in reading and math according to the 2006 PISA study, weaker students tend to do badly by international comparison.
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This note reports empirical work to quantify the relationship between permits and housing investment.
France has seen a marked decline in its export performance, which is related to a series of factors, rather than to any single cause. Restoring competitiveness will require steps to strengthen the country’s growth potential and to address the main long term determinants of that potential, such as fostering research and development, promoting innovation, reducing the tax burden, boosting competition and creating favourable conditions
The authorities have undertaken numerous structural reforms since the last OECD Economic Survey was published in June 2007 and many of those reforms go in the direction of the recommendations offered at that time. These efforts will have to be pursued and the momentum of reform maintained, with the greatest challenge being to raise the employment rate of youths and seniors in order to restore the health of public finances and sustain
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This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales (1998), the paper tests whether industries that depend more heavily on external sources of funding tend to grow faster in countries that have more