Economic policy reforms 2013, Going for growth.

Format:

Book

Author/Creator:

OECD Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development.

Language:

English

Subjects (All):

Economic development--Government policy.

Economic development.

Economic policy.

Physical Description:

292 p. : ill.

Edition:

1st ed.

Place of Publication:

Paris : OECD, 2013.

Language Note:

English

Summary:

Going for Growth is the OECD’s annual report highlighting developments in structural policies in OECD countries. It identifies structural reform priorities to boost real income for each OECD country and key emerging economies (Brazil, China, India, Indonesia, Russia and South Africa). The Going for Growth analysis also regularly takes stock of reform implementation in all the countries covered. This report provides internationally comparable indicators that enable countries to assess their economic performance and structural policies in a wide range of areas. Each issue also has several thematic studies.

Contents:

Intro

Editorial: Reforming for a strong and balanced recovery

Table of contents

ISO Codes

Executive summary

Chapter 1. Taking stock of reform action and identifying priorities in 2013

Key policy messages

Introduction

Progress on reform priorities since 2011

Measuring progress on priorities

Box 1.1. Two indicators of reform action

Reform patterns across OECD countries and the BRIICS

Figure 1.1. Impetus for reform has strengthened

Figure 1.2. The European crisis has been a major driver of reform action

Figure 1.3. Reform responsiveness since 2011 has been uneven across the BRIICS

Progress in reforming policies to improve labour utilisation

Figure 1.4. Reforms to boost job creation and take-up have been more intense in some policy areas

Figure 1.5. The incidence of temporary employment differs markedly across European countries

Progress in reforming policies to improve labour productivity

Figure 1.6. Reforms to boost productivity have been more evenly spread across policy areas

Reform priorities for OECD countries and the BRIICS

Box 1.2. The selection of policy priorities

Understanding differences in GDP per capita across countries

Figure 1.7. Large differences in income per capita are mostly accounted for by productivity gaps

Figure 1.8. Informality is widespread in some emerging economies

A snapshot of policy priorities: 2013 versus 2011

Table 1.1. Share of priorities by policy area

Table 1.2. Progress on 2011 policy priorities

Policies to enhance labour utilisation

Figure 1.9. Long-term unemployment has been a concern since the onset of the crisis

Figure 1.10. Increases in structural unemployment are widespread but uneven

Average and marginal taxation of labour income.

Table 1.3. Labour utilisation-enhancing reform recommendations in OECD and BRIICS countries

Social benefits and active labour market policies

Figure 1.11. Raising senior labour market participation remains a challenge for many countries

Figure 1.12. Labour utilisation is held back by low female participation in a number of countries

Labour market regulations and collective wage agreements

Housing policies

Policies to enhance labour productivity

Figure 1.13. There has been uneven convergence in productivity levels over the last decade

Product market reforms

Table 1.4. Product market reform recommendations in OECD and BRIICS countries

Human capital

Table 1.5. Human capital reform recommendations in OECD and BRIICS countries

General taxation

Public sector reform

Innovation

Figure 1.14. Business expenditure on R&amp

D is uneven across countries

Agriculture and energy subsidies

Other policies

Notes

Bibliography

Annex 1.A1. How policy priorities are chosen for Going for Growth

Figure 1.A1.1. Selection of candidates for Going for Growth priorities

Chapter 2. The effects of growth-enhancing structural reforms on other policy objectives

Income inequality

The environment

Government budget and external accounts

The effects of growth-enhancing policies on other dimensions of well-being

Figure 2.1. Income inequality has increased in most OECD countries

Box 2.1. Defining and measuring income inequality

Table 2.1. The effects of Going for Growth 2013 policy recommendations on income inequality

Labour market and income-support policies

Policies to boost human capital

Figure 2.2. Higher employment rates are associated with higher education attainment

Tax and transfer policies.

Figure 2.3. Tax and benefit system have a sizeable redistributive impact in OECD countries

Product market regulation

Assessing the net effect on inequality of growth-friendly structural policies

Table 2.2. Many Going for Growth 2013 priorities have an undetermined impact on income inequality

Figure 2.4. GDP growth in OECD and BRIICS has been accompanied by rising pressures on the environment

Table 2.3. The effect of Going for Growth priorities on the environment is often uncertain

Reforming the tax system

Table 2.4. The effects of Going for Growth 2013 policy recommendations on the environment

Box 2.2. Some environmental aspects may be difficult to assess in a national policy context

Figure 2.5. The reliance on environmentally-related tax revenue differs across countries

Improving infrastructure provision and management

Reducing entry barriers and enhancing competition in network sectors

Figure 2.6. Air pollution is a problem in many BRIICS and OECD countries

Reducing producer support in agriculture

Figure 2.7. Agriculture puts strong pressure on the environment, in particular in countries with high producer support

Reducing energy subsidies

Reforming the housing market and land regulation

Framework conditions for green growth

The effects of priorities on government budgets and external accounts

Box 2.3. The effect of policy priorities on financial stability

The budgetary implications of policy priorities

Table 2.5. The effects of Going for Growth 2013 policy recommendations on public spending

The effect of policy priorities on current accounts through their impact on saving and investment

Table 2.6. The effects of Going for Growth 2013 policy recommendations on current account balances.

Labour market and income-support policies influence current accounts mainly via saving

Product and financial market policies affect current accounts primarily through their impact on investment

Assessing the overall impact of growth-oriented policies on current account balances

Table 2.7. Number of Going for Growth 2013 priorities likely to weaken or strengthen the current account

Figure 2.8. Recommended reforms have a mixed impact on current account imbalances

Chapter 3. Country notes

Australia

Growth performance indicators

Policy indicators

Going for Growth 2013 priorities

Priorities supported by indicators

Other key priorities

Previous Going for Growth recommendation no longer considered a priority

Other dimensions of well-being: Performance indicators

Austria

Identifying Going for Growth 2013 priorities

Previous Going for Growth recommendations no longer considered as a priority

Belgium

Other dimension of well-being: Performance indicators

Brazil

Previous Going for Growth recommendations no longer considered a priority

Canada

Identifying Going for Growth 2013 priorities.

Priorities supported by indicators

Chile

China

Czech Republic

Denmark

Other dimensions of well-being performance indicators

Estonia

European Union

Priorities supported by indicators.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on publisher supplied metadata and other sources.

ISBN:

9789264168374

9264168370

OCLC:

922904585