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  • 7-September-2022

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    OECD Champion Mayors Initiative: New Chair Mayor of Reykjavik brings a fresh impetus for inclusive growth in cities

    Dagur Eggertsson, Mayor of Reykjavik (Iceland) will launch his Chairmanship of the OECD Champion Mayors for Inclusive Growth Initiative with a visit to Paris on 8- 9 September. He will use the visit as an opportunity to present his vision and priorities for the future of the Initiative.

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  • 7-September-2022

    English

    Policies for resilient local economies

    The COVID-19 pandemic has critically tested OECD economies, with major differences in economic repercussions at the subnational level. The pandemic can be characterised as a combination of shocks to local economies: (i) a recession, (ii) a supply-side shock mirroring a natural disaster, and (iii) the economic and workplace adjustments accelerated by pre-existing megatrends (e.g. automation, green transition). This paper reviews the empirical evidence for effective policies from across the OECD to strengthen local economic resilience through support for people, firms and places. There is a strong need for effective policies in times of recessions, natural disasters and long-term structural change. Policies that strengthen economic resilience strongly overlap with policies for local productivity growth and vice-versa. Moreover, some policies aiming to increase resilience through adding redundancy in production or infrastructure can serve productivity in the long-term.

  • 30-August-2022

    English

    Funding the future - The impact of population ageing on revenues across levels of government

    Government revenues may be affected by economic growth and changes in demographics over time. The effect of economic growth can be captured by long-run buoyancy – responsiveness of government revenues to GDP growth – while the demographic effect can be captured by changes in labour income, asset income and consumption patterns over the life cycle, as well as population growth. This paper attempts to quantify the effect of population ageing on OECD tax revenues across different levels of government, by estimating error correction models of revenue buoyancies over the 1990 to 2018 period, by type of revenue, country and level of government. Multiple scenarios are used for the projections to 2040, which are combined with scenarios for the evolution of revenue bases using newly harmonized EU and UN National Transfer Accounts data as well as OECD Population Projections.

  • 28-August-2022

    English

    Summer school on local development strategies and European projects

    The Summer School, at his sixth edition, is conceived as a training opportunity for municipal administrators to acquire an open mind-set towards innovation on issues of integrated local development and programming.

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  • 1-August-2022

    English

    Italy: Enhancing international partnership and co-operation in Friuli-Venezia Giulia and Veneto Regions

    This project, elaborated by the OECD Trento Centre for Local Development, aims to support the Friuli-Venezia Giulia (FVG) Autonomous Region and Veneto Region, Italy, in enhancing its strategy on international partnership and co-operation (IPC).

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  • 29-July-2022

    English

    From informal to formal jobs: The contribution of cooperatives in Colombia

    Labour informality remains a critical challenge for Colombia with over 60% of workers in informal jobs with no access to social security benefits, except health. To address the inherent challenges posed by a large informal sector, this paper explores the role that cooperatives can play in driving formalisation in Colombia. It presents the negative impacts of informality on the economy and how the social and solidarity economy, and cooperatives in particular, offer an important model for informal workers to transit towards formalisation (Section 1). It provides facts and figures about the cooperative sector as well as factors contributing to its development and barriers that hinder its expansion (Section 2). It considers the benefits and challenges of the compliance based approach to supervise cooperatives and provides policy orientations to strengthen the sector (Section 3).

  • 21-July-2022

    English

    Culture and the Creative Economy in Colombia - Leveraging the Orange Economy

    In 2017, Colombia launched a novel public policy to stimulate the creative economy, building on the success of previous policy initiatives to support the cultural and creative sectors. The Orange Economy policy is unique for its transversal approach to supporting the creative economy and mainstreaming culture across diverse policy portfolios, beyond cultural policy. The report provides a comparative overview of Colombia’s culture and creative sectors relative to OECD peers and reviews progress in policy implementation. It provides a specific focus on Colombia’s push to foster creative districts as tool for local development across the country, including policy examples based on nine districts across the globe. The report maps the financial ecosystem for the creative economy in Colombia. Recommendations draw on international good practice to suggest ways Colombia can best leverage creative economy opportunities.

  • 12-July-2022

    English

    Secured lending for SMEs - Making effective use of registries and intangibles - A case study approach

    This document explores two interrelated aspects of leveraging movable assets to facilitate access to finance: first, the implementation of collateral registries for movable assets, and second, the collateralisation of intangible movable assets. Both dimensions benefit from a case study approach. The report examines how these different instruments function and highlights the opportunities and challenges for making better use of them. It also outlines the role that policies can play in this regard.

  • 6-July-2022

    English

    Potential spatial impacts of the war in Ukraine - A case study from Italy

    The impacts of the war in Ukraine will be felt severely within OECD economies, especially in border regions on the front-line of the humanitarian refugee crisis. The economic impacts, in particular those driven by rising energy prices, will also be spatially differentiated, affecting some regions more than others. Italy is no exception, with gas-intensive industries concentrated in northern regions, and wheat-based food and farming prevailing in southern regions and islands. While, overall, Russia accounted for a minor share of Italian exports, some regions and industries are more vulnerable than others to falls in bilateral trade, including destinations popular with high per-capita expenditure Russian tourists.
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  • 5-July-2022

    English

    The implications for OECD regions of the war in Ukraine - An initial analysis

    Russia’s large-scale aggression against Ukraine has sown catastrophe in the country; destroying lives, homes, and infrastructure. The war has also created profound and asymmetric economic and social impacts across the world, including many that are likely to be long lasting. Managing the humanitarian crisis, and the flow of refugees, is an immediate priority. Yet, governments at all levels are also grappling with the implications of further disruptions to supply chains and travel, and rising prices, which are jeopardising efforts to rebuild their economies after COVID-19. Because these impacts will not be felt equally within OECD countries, they have important implications for regional development policies – not least in the wake of the spatial challenges caused by the COVID-19 pandemic. This paper presents an early assessment of the impact of the war in Ukraine across OECD regions looking at several dimensions including refugee flows, energy price increase, disruption of trade flows and GVCs, and tourism.
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