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This paper explores the extent to which “zombie” firms – defined as old firms that have persistent problems meeting their interest payments – are stifling labour productivity performance.
Stronger signals of growth momentum picking-up in several major OECD economies
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Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality.
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Productivity growth is essential to providing sustainable increases in living standards. Malaysia has reached a development stage where growth needs to be driven more by productivity gains than the sheer accumulation of capital and labour inputs.
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Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy.
Ambitious structural reforms and sound macroeconomic policies have strengthened the resilience of the Mexican economy despite a complex national scenario and challenging global conditions, but more can be done to boost productivity and ensure that growth is inclusive enough to achieve better living conditions for all, according to a new report from the OECD.
Stockbuilding pushes OECD GDP growth up to 0.5% in the third quarter of 2016
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.