OECD economic surveys : Norway 1999 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, issuing body.

Series:

OECD economic surveys.

OECD Economic Surveys

Language:

English

Subjects (All):

Economic history.

Norway--Economic conditions--1945-.

Norway.

Physical Description:

1 online resource (153 pages).

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1999]

Language Note:

English

Summary:

Assessment and recommendations I. Macroeconomic performance -The economy has peaked -The labour market is still very tight -Incomes policy fails to contain wage demands -Both monetary and fiscal policy move to a restrictive stance -The policy framework faces new challenges as the economy cools off II. Implementing structural reform: a review of progress -The labour market -Product markets -Financial markets III. Sustainable economic growth: natural resources and the environment -The policy issues - an overview -Resource management -Environmental management -Assessment and challenges ahead Glossary of acronyms Bibliography Annexes -I. Norway's oil and gas wealth -II. Government support programmes -III. Calendar of main economic events.

Contents:

Intro

Table of contents

Assessment and recommendations

I. Macroeconomic performance

The economy has peaked

Table 1. Demand and output

Figure 1. Growth performance

External conditions have weakened

Figure 2. Export performance and cost competitiveness

Figure 3. External position

The asset boom is unwinding

Figure 4. Asset prices

Capital formation has slowed down

Figure 5. Residential and business investment

Household consumption has stayed buoyant amid weaker sentiment

Table 2. Household appropriation account

Figure 6. Household consumption

The labour market is still very tight

Table 3. Labour market developments

Figure 7. Labour market

Incomes policy fails to contain wage demands

Table 4. Prices, wages and costs

Figure 8. Wage and price developments

Both monetary and fiscal policy move to a restrictive stance

Monetary policy is geared to stabilise the currency

Figure 9. Exchange and interest rate developments

Table 5. Money and credit

Figure 10. Money and credit

Fiscal slippage in 1998 prompts a tighter budget for 1999

Figure 11. General government finances

Table 6. Fiscal balance: projections and outcomes

Box 1. Fiscal developments in 1998

Box 2. The 1999 Budget

The policy framework faces new challenges as the economy cools off

The projection for 1999 and 2000

Table 7. Short-term projections

Main risks and challenges

II. Implementing structural reform: a review of progress

Figure 12. Structural indicators of the Norwegian economy

The labour market

Overview

Table 8. Implementing the OECD Jobs Strategy - an overview

Table 8. Implementing the OECD Jobs Strategy - an overview (cont.)

Figure 13. Composition of the working age population.

Progress has been slow overall

Figure 14. Disability: inflow, outflow and stock

Some measures went in the opposite direction

Product markets

Public support remains extensive

Box 3. The 1992 tax reform

Table 9. Support programmes

Support to agriculture

Figure 15. Agricultural support

Support to manufacturing industries

Figure 16. Industrial support

State ownership continues to be substantial

Deregulation progresses steadily

Competition policy needs a stronger framework

Financial markets

State ownership of banks continues amid increased foreign competition

Table 10. Banking resources in selected OECD countries

Financial market supervision may face new challenges

Concerns over the role of the ""traditional'' state banks remain

III.Sustainable economic growth: natural resources and the environment

Box 4. The OECD's work on sustainable development

The policy issues _ an overview

What is sustainable development?

Figure 17. National wealth

How to raise wealth accumulation?

Policies interact

Resource management

Non-renewable resources _ oil and gas

Government policies allow market forces to determine oil and gas extraction rates

The government increasingly transforms the oil and gas wealth into financial capital

Figure 18. Net petroleum revenues of the government

Renewable resources _ fisheries and forestry

Fisheries

Figure 19. Fish catches in OECD countries

Forestry

Environmental management

Global environmental problems

Climate change

Box 5. The Kyoto Protocol

Figure 20. Carbon dioxide emissions

Figure 21. Projections for greenhouse gas emissions

Table 11. CO 2 tax structure and coverage

Figure 22. Prices and taxes for fuel oil and petrol

Table 12. Petrol prices and taxes in international comparison.

Table 13. Macroeconomic effects in 2010 of meeting the Kyoto Protocol obligations

Ozone depletion

Transborder pollution problems

Figure 23. Emissions to air

Table 14. Norwegian policy targets for transborder environmental problems

Acidification

Figure 24. Marginal cost of reduction in sulphur dioxide emissions

Table 15. Emission intensity of various forms of transport

Excessive concentration of tropospheric ozone

Eutrophication in the North Sea

Figure 25. Water pollution

Local environmental problems

Figure 26. Air pollution in Oslo

Urban air and noise pollution

Hazardous substances and waste

Biodiversity

Assessment and challenges ahead

Ensuring sustainability

Fostering cost-effectiveness

Policy interactions are important

Notes

Glossary of acronyms

Bibliography

BASIC STATISTICS: INTERNATIONAL COMPARISONS

BASIC STATISTICS: INTERNATIONAL COMPARISONS (cont'd)

Annexes

Annex I - Norway's oil and gas wealth

Table A1. World reserves of oil and gas

Figure A1. Production and net exports of crude oil

Table A2. Petroleum resources on the Norwegian continental shelf

Figure A2. Oil and gas production on the Norwegian continental shelf

Figure A3. North sea oil and natural gas transportation systems

Annex II - Government support programmes

Table A3. State aid programmes or schemes in operation in 1997 and the amount of subsidies reported

Table A3. State aid programmes or schemes in operation in 1997 and the amount of subsidies reported (cont.)

Table A3. State aid programmes or schemes in operation in 1997 and the amount of subsidies reported (cont.).

Annex III - Calendar of main economic events

BOXES

TABLES

Table 12. Petrol prices and taxes in international comparison

Table 13. Macroeconomic effects in 2010 of meeting the Kyoto Protocol obligations

Annexe

FIGURES

Figure 4. Asset prices.

Figure 5. Residential and business investment

Figure 13. Composition of the working age population

Annex

Figure A3. North sea oil and natural gas transportation systems.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-16727-7

OCLC:

1132391784