This paper shows that household-level economic instability is only very loosely related to macroeconomic volatility. However, the analysis also uncovers that moving to highly competitive policies generally reduces micro-level instability.
English, PDF, 639kb
This series of Working Papers is designed to make available, to a wider readership, selected studies which the Department has prepared for use within OECD. Authorship is generally collective, but main individual authors are named.
Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax system, among many, and implementation has started in earnest.
As other high-income countries, Spain has experienced competitive pressures from China and other emerging economies that have resulted in a loss of global market share.
Economic participation of women in the labour force or as entrepreneurs is low compared to peers and has declined over the past decades despite strong growth. The gap with men is over 50% - the largest among key emerging markets.
Stronger manufacturing would increase productivity and make growth more inclusive, while contributing to improved current account balance. In particular, India should aim for more formal jobs, as these tend to be the most secure and of highest productivity.
This paper is making use of the OECD product market regulation (PMR) database to measure the heterogeneity of product market regulation across countries for the whole economy, for the main subcomponents of the PMR indicator and for the internet economy.
Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language, this analysis mainly focuses on the role of product market regulation stringency and heterogeneity, and on the role of employment protection.
English, PDF, 1,155kb
In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on GDP per capita and household income distribution.
Do environmental policies matter for productivity growth? This study presents new evidence on the role of environmental policies – stringency, as well as design and implementation features - for productivity growth.