When economic shocks occur, economic agents are expected to react to reduce the negative impact or amplify the positive effects. The ability of a country to contain economic losses can be defined as the resilience to economic shocks. Using the OECD Inter-Country Input-Output tables, this paper investigates the relationship between changes in final demand and production structures for 61 economies.
Combining OECD Survey of Adult Skills-based indicators with OECD Trade in Value Added (TiVA) data sheds light on the way skills and their distributions (at the country-industry level) relate to industry performance and to integration into global value chains. The results underline the importance of cognitive skills such as literacy, numeracy and problem solving for any industry to thrive in the global economy.
This working paper assesses the impact of climate mitigation policies and the quality of the investment environment on investment and innovation in renewable power in OECD and G20 countries. It also examines how countries’ investment environments interact with climate mitigation policies to influence investment and patent activity in renewable power.
This paper is designed to serve as a reference for subsequent papers arising out of MultiProd, a project aimed at studying productivity patterns across countries and over time. MultiProd provides harmonised micro-aggregated data of paramount importance for investigating the extent to which different policy frameworks can shape firm productivity and examining the way resources are allocated to more productive firms.
Results of this study show that workers' skills bundles and their distribution have larger effects on specialisation than countries’ endowment of capital per employee, or the relative endowment of workers possessing different levels of education. Furthermore, the study finds evidence that the within-country dispersion of skills significantly affects specialisation patterns.
Corruption undermines economic and social progress and steals the future of young generations. Parties to the OECD Anti-Bribery Convention are required to criminalise bribery of foreign public officials but does this make a difference on the ground? This paper estimates a dynamic foreign direct investment (FDI) gravity model to explore the impact of corruption in general and the OECD Anti-Bribery Convention in particular.
Many governments have expressed concerns about the uncertainty linked to the perceived inconsistency of treaty interpretation in Investor-State dispute settlement. This working paper looks at how governments can take action to improve the interpretation of investment treaties through consideration of the potential role of State-to-State dispute settlement in this area.
In this working paper estimates of emissions embodied in final demand and in international trade were generated to contribute to a better understanding of how CO2 emissions around the world are driven by global consumption patterns. After explaining the methodology in detail, some general results are described and examples given of how to use and interpret the derived indicators.
With the emergence of global value chains (GVCs), production processes are increasingly fragmented and dispersed across different countries. Although many MNEs still exhibit an important ‘home bias’ in their global innovation activities, a growing number of firms have offshored R&D and innovative activities to foreign locations.
Most investment treaties do not expressly address joint interpretations and thus leave the issue to more general rules. This paper addresses the general legal framework applicable to joint agreements by treaty parties about the interpretation of treaties. It outlines key concepts and distinctions, and considers effects on third parties.