Pump-priming productivity through reform: the case of Lithuania

By Ben Westmore, Economist, Country Studies Branch, OECD Economics Department In the past two decades, the income level in Lithuania has steadily risen toward that of OECD countries. Between 1995 and 2013, GDP per capita rose from one third to two thirds of the OECD average. Productivity catch-up was critical to this process, aided by… More Pump-priming productivity through reform: the case of Lithuania

When size matters: scaling up delivery of Czech local services  

By Christine Lewis, Economist, Country Studies, OECD Economics Department A key argument for small local governments is that they can better deliver the services that their residents want and need. A key question is: what size is too small?  When is the average cost of services too high, the range of choice too narrow or… More When size matters: scaling up delivery of Czech local services  

Tackling the three main challenges in Costa Rica: fiscal reform, reverting the slowdown in productivity and reducing inequality

By Paula Garda and Mauro Pisu, Country Studies Branch, OECD Economics Department Costa Rica’s economic, social and environmental achievements are impressive. It has succeeded in combining rising living standards, virtually universal health care, pension and primary education systems with sustainable use of natural resources. Incomes per capita have nearly doubled in real terms over the… More Tackling the three main challenges in Costa Rica: fiscal reform, reverting the slowdown in productivity and reducing inequality

Reaping the benefits of global value chains to rebalance the Turkish economy

By Volker Ziemann, Economist, Turkey Desk, Country Studies Branch, OECD Economics Department The growing role of global value chains (GVCs) in international production processes is of critical importance for Turkey’s development. Participation in GVCs is one of the key drivers of successful productivity diffusion in a globalised world. Despite major progress, Turkey still lags behind… More Reaping the benefits of global value chains to rebalance the Turkish economy

Strengthening the Turkish manufacturing sector to rebalance growth

By Rauf Gonenc, Head of the Turkey Desk, Country Studies Branch, OECD Economics Department Turkey’s economy continued to grow strongly despite substantial domestic and regional headwinds. However, external imbalances have widened making the economy vulnerable to external shocks. The 2016 OECD Economic Survey of Turkey calls for rebalancing to alleviate the enduring tension between growth… More Strengthening the Turkish manufacturing sector to rebalance growth

Leveraging R&D and innovation policies to foster productivity in Czech Republic

By Falilou Fall, Head of the Czech Republic Desk, Country Studies Branch, OECD Economics Department Productivity catch-up along with deeper integration into the global economy played a central role in the convergence of the Czech incomes toward OECD countries before the 2008 financial crisis. However, since then the convergence process has stalled. Labour productivity trends… More Leveraging R&D and innovation policies to foster productivity in Czech Republic

Tackling the productivity paradox: The OECD Global Forum on Productivity

Catherine L. Mann, OECD Chief Economist and Head of the Economics Department, and Andrew W. Wyckoff, Director, OECD Directorate for Science, Technology and Innovation. Today’s post is also being published on the OECD Insights blog. The nexus of slowing productivity growth and rising inequality is capturing the attention of policymakers and researchers.  The productivity slowdown,… More Tackling the productivity paradox: The OECD Global Forum on Productivity

Fiscal policy in the euro area: in the current juncture, don’t apply sanctions

  By Alvaro Pina, Head of European Union and Euro Area Desk, Country Studies Branch, OECD Economics Department Tomorrow the European Commission will assess again the fiscal situation of Portugal and Spain, and decide whether to recommend to the Council that the Excessive Deficit Procedure be stepped up for those countries, exposing them to various… More Fiscal policy in the euro area: in the current juncture, don’t apply sanctions

Revisiting policy options for more jobs

by Alain De Serres, Head of Division, and Peter Gal, Economist Structural Surveillance Division, Policy Studies Branch, OECD Economics Department In many OECD countries, the labour market has yet to recover the lost ground suffered in the aftermath of the financial crisis. In some of them, unemployment has been persistently high, resulting in a very… More Revisiting policy options for more jobs