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The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting that some countries are more successful at channelling resources to high productivity firms than others.
Restoring competitiveness is one of the key challenges to bring European economies back on a path of strong, sustainable and balanced growth. Europe could improve its growth prospects by implementing a strategic reform agenda with a broad range of policy reforms to increase productivity, dynamism and employment.
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The current crisis and deteriorating growth prospects in many countries make a competiveness enhancing reform agenda a conditio sine qua non to kick-off the European economy.
Joint press release by Federal Chancellor Angela Merkel, OECD Secretary-General Angel Gurría, WTO Director-General Pascal Lamy, ILO Director-General Guy Ryder, IMF Managing Director Christine Lagarde and World Bank Group President Jim Yong Kim on the occasion of their meeting on 30 October 2012 in Berlin.
Annual inflation in the OECD area rose by 2.2% in the year to September 2012, up from 2.1% in the year to August 2012. This slight increase in the annual rate of inflation was driven by higher energy prices which accelerated to 5.1% in September, up from 3.5% in August, while food price inflation slowed to 2.1% in September, compared with 2.2% in August.
The President of the French Republic, Mr. François Hollande, met the Heads of international economic organisations at the OECD on Monday 29th October.
Secretary-General Angel Gurría opens the first meeting of the New Approaches to Economic Challenges (NAEC) Group, an organisation-wide reflection process on the roots and lessons from the crisis with the aim of catalysing a process of continuous improvement of our analytical frameworks and policy advice. This meeting serves as a first step to get expert feedback and inputs to identify priorities for the way forward.
A major step forward towards putting the measurement of well-being at the heart of policy-making was taken at a four-day international conference which ended in New Delhi today.
Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They
contributed to the country’s economic resilience during the 2008-09 financial crisis.
The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt to GDP ratio higher than 90% of GDP is associated with considerably lower economic performance in advanced and emerging economies alike.