Weighing up the Growth Dividends from Structural Reforms

by Balázs Égert and Peter Gal, OECD Economics Department In many OECD countries, economic growth has yet to recover the lost ground suffered in the aftermath of the financial crisis. In some of them, unemployment has been persistently high, investment rates disappoint, and productivity is extremely sluggish – a “low growth trap”. Put differently, all three … More Weighing up the Growth Dividends from Structural Reforms

Product market reforms under the microscope

by Alexander Hijzen, Senior Economist, Directorate for Employment, Labour and Social Affairs, OECD and  Peter N. Gal, Economist, Economics Department, OECD Given the secular decline in productivity growth and the persistent weakness of the economic recovery in many advanced economies, increased attention is being paid to the potential role of structural reforms for restoring economic … More Product market reforms under the microscope

Birds of a feather do business together

by Jean-Marc Fournier, Economist, Public Economics Division, OECD Economics Department Numerous international agreements and free trade areas have reduced trade and foreign investment restrictions dramatically. This is one factor that has boosted international trade, which has risen about one and a half times faster than GDP since the Second World War. Globalisation has made it … More Birds of a feather do business together