OECD economic surveys. Italy / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Series:

OECD Economic surveys (Series)

OECD Economic surveys

Language:

English

Subjects (All):

Italy--Economic conditions--21st century.

Italy.

Physical Description:

1 online resource (119 p.)

Place of Publication:

Paris : OECD, [2015]

Language Note:

English

Summary:

This OECD Economic Survey of Italy examines recent economic developments, policies and prospects. Special chapters cover labour market reform and more and better quality jobs.

Contents:

Table of contents; Basic statistics of Italy, 2013; Executive summary; Main findings; Ambitious institutional reforms are under way; Figure. Reforms underway can boost average annual per capita GDP growth by 0.6% over 10 years; Labour market reforms and improved competition to boost productivity growth; A small fiscal surplus, combined with renewed growth, will bring down public debt; Key recommendations; Fully implement the institutional reforms; Give full priority to labour-market reforms to boost productivity growth and jobs; Fiscal and financial challenges; Assessment and recommendations

Figure 1. Lack of growth is linked to low scores on well-beingFigure 2. Low productivity has led to poor competitiveness, high unemployment and rising debt; Table 1. Reform impacts on the level of GDP in the medium and long runs; A prolonged recession and uncertain prospects; Table 2. The Economic Outlook to 2016; Figure 3. Recession has widened the regional divide; Figure 4. Bank lending has been declining, while interest rates remain high for private borrowers; Box 1. Recent government measures to increase "Finance for Growth"

Institutional reforms can be the basis for better policymaking and stronger implementationMonitoring and ongoing policy assessment is important; Table 3. Progress on structural reforms; A more efficient judicial system and efforts to tackle corruption; Recommendations to boost efficiency through institutional reform; Labour market and competition reforms to improve productivity and well-being; Protecting individuals rather than specific jobs; Table 4. Recent reforms easing regulation on labour market contracts in selected countries; Increasing job-matching efficiency and workers' skills

Figure 5. ALMP spending is relatively low and concentrated on some categoriesProviding adequate labour incentives and targeted social benefits; More flexible wage setting; Figure 6. The tax wedge for low-income workers is high; Encouraging participation; Liberalising services and improving competition; Figure 7. Low gas prices, high electricity prices; Figure 8. Carbon intensity index of the energy mix; Policy recommendations for the labour market and competition; Addressing fiscal and financial challenges; Figure 9. The underlying primary budget surplus is now large

Table 5. Fiscal consolidation in successive budgetsFigure 10. Debt will decline if the budget remains balanced; Table 6. Public debt, arrears and contingent liabilities, 2013; Improving the efficiency of public spending; Tax expenditures; Figure 11. VAT Gap estimates in the EU26 countries, 2012; The Internal Stability Pact; Recommendations for fiscal and financial policies; References; Annex. Taking stock of structural reforms; Public sector efficiency; Product markets; Education; Labour market; Boosting innovation; Environment; Thematic chapters

Chapter 1. Labour market reform for more and better quality jobs

Notes:

"February 2015"--Cover.

Includes bibliographical references at the end of each chapters.

Description based on print version record.

ISBN:

9789264228795

9264228799

9789264228764

9264228764