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To shed further light on this issue in the context of emerging market economies, this paper uses Brazilian data to estimate the determinants of the current account in a smooth transition vector autoregressive (ST VAR) setting.
To investigate the possible impact of terms of trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008.
Austria entered the most severe recession in decades. This triggered prompt policy measures to stabilise the real economy and financial markets, which will deteriorate significantly the fiscal position.
As in most other OECD countries, the fiscal situation in the UK has deteriorated sharply. While to date the discretionary fiscal stimulus has been relatively modest, after around the turn of the century the underlying fiscal position weakened more than anticipated. While there was some subsequent improvement, particularly in tax receipts, the severe impact of the downturn on the public finances and the borrowing related to the rescue
International experts and policy practitioners from around the world assessed policy options to restore the economy of the L'Aquila region. The workshop was held in Rome on 3 July 2009 and was organised by the OECD in partnership with the Italian Ministry of Economy and Finance.
Italy is suffering a serious economic recession, which started earlier than elsewhere but has now accelerated following the downturn elsewhere and collapse in world trade.
This report reviews how both national and state policies in Mexico can better support regional innovation systems and includes profiles of 15 states. It reviews how both national and state policies in Mexico can better support regional innovation systems and includes profiles of 15 states.
Innovation is the main and increasing source of growth in OECD countries. Regions are key players in shaping innovation and in mobilising untapped potential for national growth.
This Working Paper identifies some of the key policy issues related to multi-level regulatory governance, and contributes to a “Framework for Analysis of Multi-level Regulatory Governance”.
Two workshops were organised in South Africa in 2009 to discuss the issue of regulatory governance.