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OECD GDP up 0.4% in the second quarter of 2014 but with mixed patterns across countries
Composite leading indicators continue to point to stable growth momentum in the OECD area
This paper studies the association between US long term interest rates and cycles of capital flows to emerging market economies (EMEs). It finds that, indeed, cycles in capital flows to EMEs are linked to global conditions, including global risk aversion and long term interest rates in the United States.
This paper presents a productivity growth measure that explicitly accounts for natural capital as an input factor and for undesirable goods, or “bads”, as an output of the production process.
To strengthen social cohesion, a top government priority, it is essential to address the labour market roots of inequality by breaking down dualism to reduce the share of non-regular workers and to boost the employment ratio toward the government’s 70% target.
A creative economy requires innovation-friendly conditions. Korea’s innovation system should be
improved by upgrading universities and expanding their role in business R&D, while increasing
international collaboration in R&D from its current low level.
OECD annual inflation stable at 2.1% in June 2014
This study analyses the economic rent generated by the exploitation of a non-renewable resource, and the taxation of this rent.
Economists have traditionally been very cautious when studying the interaction between employment and health because of the two-way causal relationship between these two variables: health status influences the probability of being employed and, at the same time, working affects the health status.
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal.