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Italy has launched itself in the federalist direction by decentralising spending, regulatory and tax powers in the late 1990s and reinforcing growing lower level responsibilities with a constitutional reform in 2001, as discussed in this working paper.
English, , 228kb
Since 2001, OECD corporate net lending has risen sharply. This chapter examines various facets of corporate net lending with a view to understanding some of the main forces at play behind the recent run-up.
English, , 288kb
Chile remains a strong performer. Exemplary macroeconomic management continues to deliver robust public finances and low, albeit recently rising, inflation. Structural reform is ongoing, ranging from improvements in regulation to a strengthening of social protection, including through much-needed further pension reform. Growth is on the rise, contributing to further reducing Chile’s still sizeable income gap relative to the OECD area,
Spanish, , 104kb
Chile sigue registrando un desempeño robusto. Una gestión macroeconómica ejemplar continúa proporcionando sólidas finanzas públicas y una baja, aunque recientemente creciente, inflación. El proceso de reforma estructural avanza, e incluye desde mejoras regulatorias hasta un fortalecimiento de la protección social, incluyendo una muy necesaria reforma al sistema de pensiones. El crecimiento está en aumento, lo que contribuye a reducir
English, , 326kb
A vigorous economic expansion has allowed Switzerland to emerge from a decade of weak economic growth. However, some of the factors fuelling the current upswing are likely to prove temporary, as manufacturing has benefited from currency depreciation and financial intermediation from a rebound in global and domestic capital market activity, which could be coming to an end. The recent large inflow of immigrants has the potential to make
Since 2004, the fiscal deficit has been brought down by over 5% of GDP to below the 3% limit in 2006. The government plans a more gradual reduction so that overall balance or surplus is reached no later than 2010. These and other points are discussed in this working paper.
English, , 323kb
Since the mid-1980s successive reforms have progressively moved the Indian economy towards a market-based system. State intervention and control over economic activity has been reduced significantly and the role of private-sector entrepreneurship increased. To varying degrees, liberalisation has touched on most aspects of economic policy including industrial policy, fiscal policy, financial market regulation, and trade and foreign
English, , 301kb
Over the past decade, Mexico has made significant progress towards macroeconomic stability and has launched important structural reforms to further open the economy to trade and investment and improve the functioning of markets for goods and services as well as to develop the financial sector. These efforts have yielded relatively good performance. After a strong 2006, output growth is expected to be close to potential, between 3½ and
Spanish, , 313kb
A lo largo de los últimos diez años, México ha logrado avances significativos hacia la estabilidad macroeconómica, habiendo puesto en marcha importantes reformas estructurales para abrir adicionalmente al economía al comercio y mejorar el funcionamiento de los mercados de bienes y servicios, así como para desarrollar al sector financiero. Estos esfuerzos han fructificado en un desempeño relativamente favorable. Luego de un sólido
This working paper discusses Austria’s innovation performance, its innovation policies, and general framework conditions for innovation and growth.