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This paper discusses options for removing the remaining barriers that impede worker reallocation across jobs, sectors, and regions into more productive activities.
New Zealand’s living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors.
How is France affected by the global economic crisis? What strategy to eliminate the general government budget deficit? What are the main sources of potential savings? How to raise the employment rates of youth and older workers? What explains the gradual erosion of French export market shares? To what extent should private R&D be supported by public funding? What measures to foster competition in services sectors?
This paper describes patterns and developments of regulation that potentially affect product market competition in OECD countries over the past decade. It uses the 2008 update and revision of the OECD indicators of product market regulation (PMR).
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High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike.
Estonia grew faster than most emerging market economies during 2000-07, but it is now in a severe recession due to a collapse of domestic demand in the wake of the international financial crisis.
The financial crisis heightens the risks associated with domestic macroeconomic imbalances, but responding to short-term challenges should not detract policy makers from the long-term goals of raising productivity growth and improving efficiency in the health sector.
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007.
Finland was among the most affected OECD countries during the crisis as demand for its mainly capital–goods intensive exports collapsed. The financial sector weathered the shock well, but credit contracted, reflecting both demand and supply factors.