OECD economic surveys : Denmark 1996-1997 / 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.

Denmark--Economic conditions.

Denmark.

Physical Description:

1 online resource (171 pages).

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1997]

Language Note:

English

Summary:

Assessment and recommendations I. Recent trends and prospects -Demand and production - a sustained and balanced recovery -The labour market and inflation -The short-term outlook II. Macroeconomic policies -Monetary policy -Fiscal policy III. Implementing structural reform: a review of progress -Introduction -Progress in structural reform -Overview and scope for further action IV. Education and training -Introduction -Formal education: a long-standing priority -Economic impact of the education system -Policy responses to economic issues: life-long learning -Assessment and scope for further action -Summing up Annexes -I. Supporting material to Chapter IV -II. Chronology of main economic events Statistical annex and structural indicators.

Contents:

Intro

Table of contents

Assessment and recommendations

I. Recent trends and prospects

Table 1. Main demand components

Figure 1. MACROECONOMIC PERFORMANCE

Demand and production - a sustained and balanced recovery

Figure 2. PRIVATE DEMAND

Table 2. Exports of goods and services

Table 3. Growth in value added by sector

Table 4. Imports of goods and services

Table 5. Balance of payments

The labour market and inflation

Figure 3. UNEMPLOYMENT AND LABOUR MARKET PROGRAMMES

Box 1. Wage settlements in the spring negotiation round 1997

Figure 4. INFLATION DEVELOPMENTS

The short-term outlook

Economic policy assumptions and the external environment

Table 6. Economic policy assumptions and the external environment

Short term outlook and risks

Table 7. Short-term outlook

II. Macroeconomic policies

Monetary policy

Implementing the exchange rate strategy

Figure 5. SHORT-TERM INTEREST RATES AND THE EXCHANGE RATE

... has resulted in lower long-term interest rates

Figure 6. LONG-TERM INTEREST RATES

Table 8. Interest rate expectations: forward interest rate differentials against German rates

Box 2. The exchange rate co-operation between ''ins'' and ''outs'' in stage 3 of EMU

... and affected portfolio composition

Figure 7. EXTERNAL DEBT

Credibility: the role of inflation expectations

Figure 8. COMPONENTS OF RELATIVE UNIT LABOUR COST

Figure 9. INTEREST AND PRICE EXPECTATIONS

Monetary conditions and the domestic economy

Figure 10. MONETARY CONDITIONS

Table 9. Money and credit

Fiscal policy

Figure 11. SHORT-TERM DEMAND IMPACT OF FISCAL POLICY

Table 10. Government budget balances: intentions and outcomes

Implementing budgetary policy

Figure 12. GENERAL GOVERNMENT EXPENDITURE AND TAX RATIOS

Figure 13. GENERAL GOVERNMENT DEBT AND THE PRIMARY BALANCE.

Figure 14. GENERAL GOVERNMENT BUDGET BALANCES

Improving the structure of public finances

Table 11. Public sector revenues and expenditures in selected OECD countries

Table 12. Outsourcing of local government expenditures 1995

Table 13. Tax expenditures in OECD countries

Table 14. Main features of tax rules for private pensions

Box 3. Features of tax-favoured pension savings

Preparing for the future

Table 15. Net present value of social security payments

III. Implementing structural reform:a review of progress

Introduction

Progress in structural reform

Increasing wage and labour cost flexibility

Box 4. Would an in-work benefit be suitable for Denmark?

Reducing distortions in unemployment insurance and related benefits

Table 16. Withdrawal from the labour market

Greater reliance on market signals in labour market policies

Increasing product market competition

Figure 15. DENMARK AND THE INTERNAL MARKET IN THE EU

Figure 16. BUSINESS SUPPORT

Table 17. Employment growth and job creation by enterprise size

Overview and scope for further action

Box 5. Implementing the OECD Jobs Strategy - an overview of progress

IV. Education and training

Formal education: a long-standing priority

Institutions, costs and efficiency

Figure 17. EDUCATIONAL SPENDING

Figure 18. POPULATION AND LABOUR FORCE BY HIGHEST EDUCATIONAL ATTAINMENT

Figure 19. DISTRIBUTION OF THE POPULATION BY THE HIGHEST COMPLETED LEVEL OF EDUCATION

Figure 20. THE DANISH EDUCATION SYSTEM 1996

Box 6. The educational framework

Figure 21. PARTICIPATION IN FORMAL EDUCATION

Table 18. Student-to-teacher ratios and teaching hours per year by level of education

Table 19. Education expenditure, students and teachers

Educational performance.

Table 20. The achievement of Danish pupils in an international comparison

Table 21. Educational profile

Table 22. Percentage of students leaving secondary education without a certificate

Economic impact of the education system

Social rates of return

Table 23. Social rates of return on human capital investment

Table 24. Productivity levels in OECD countries

Figure 22. GDP PER CAPITA IN OECD COUNTRIES

Individual incentives and unemployment risk

Table 25. The effect on hourly wages of an additional year in post-compulsory schooling

Figure 23. UNEMPLOYMENT BY LEVEL OF EDUCATIONAL ATTAINMENT

Figure 24. LIFE-TIME EARNINGS BY EDUCATION

Figure 25. EXITING FROM UNEMPLOYMENT

Figure 26. MARGINAL TAX RATES

Figure 27. THE YOUTH LABOUR MARKET

Figure 28. THE SCHOOL TO WORK TRANSITION

Policy responses to economic issues: life-long learning

The evolution of adult education and training

Figure 29. PARTICIPATION IN AND RESOURCES DEVOTED TO ADULT EDUCATION

Box 7. The structure of adult education and training

Table 26. Adult education, its financing and its participants

Considerations guiding the development of the system

The present structure and the issues emerging...

... from evaluations of the component parts of the system

... and from studies of labour-market adaptability

Table 27. Substitution in industry

Assessment and scope for further action

Box 8. Initiatives in education policy over the past decade

Box 9. Policy recommendations to improve effectiveness and efficiency in the educational sector

Formal education

Adult education and training

Table 28. Regret of educational choice

Summing up

Notes

Annex I. Supporting material to Chapter IV

Table A1. Higher education: student grant and Ioan schemes, 1994.

Table A1. Higher education: student grant and Ioan schemes, 1994 (con't)

Table A2. Social rates of return on human capital investment

Annex II. Chronology of main economic events

STATISTICAL ANNEX AND STRUCTURAL INDICATORS

Table A. Selected background statistics

Table B. Supply and use of resources

Table C. Supply and use of resources

Table D. General government expenditure and revenue

Table E. Balance of payments

Table F. Labour market and production

Table F. Labour market and production (cont.)

Table G. Foreign trade, total and by area

Table H. Prices and wages

Table I. Money and credit

Table I. Money and credit (cont.)

Table J. Labour market indicators

Table K. Public sector

Table L. Production structure and performance indicators

Table L. Production structure and performance indicators (cont.)

BASIC STATISTICS: INTERNATIONAL COMPARISONS

BASIC STATISTICS: INTERNATIONAL COMPARISONS (cont'd)

MAIN SALES OUTLETS OF OECD PUBLICATIONS / PRINCIPAUX POINTS DE VENTE DES PUBLICATIONS DE L'OCDE

BOXES

TABLES

Table 1. Main demand components.

Table 2. Exports of goods and services

Table 20. The achievement of Danish pupils in an international comparison

FIGURES

Figure 7. EXTERNAL DEBT.

Figure 8. COMPONENTS OF RELATIVE UNIT LABOUR COST.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-14956-2

OCLC:

1226592501