OECD economic surveys : Norway 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: Norway

Language:

English

Subjects (All):

Agriculture--Economic aspects--Norway.

Agriculture.

Agriculture and state--Norway.

Agriculture and state.

Physical Description:

1 online resource (176 pages)

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1997]

Language Note:

English

Summary:

Assessment and recommendations I. Recent developments and short-term prospects -Reaching capacity limits -Continued buoyant oil activity -Strong non-oil exports -Sustained household demand -Robust business investment -Falling unemployment -Still subdued inflation -Rising current account surplus -Short-term outlook II. Economic policies -Overview -The fiscal stance -Monetary policy -Structural reform III. Implementing the OECD Jobs Strategy -Introduction -Labour market and employment performance -Policy requirements -Recent policy initiatives -Assessment and scope for further action IV. Education and training -Why human capital is essential for Norway -The education system in the light of past and planned reforms -The contribution of continuing education and training -Looking ahead Annex: Calendar of main economic events Statistical annex and structural indicators.

Contents:

Intro

Table of contents

Assessment and recommendations

I. Recent developments and short-term prospects

Reaching capacity limits

Table 1. Demand and output

Figure 1. GROWTH PERFORMANCE

Continued buoyant oil activity

Figure 2. OIL AND GAS PRODUCTION

Strong non-oil exports

Figure 3. EXPORT PERFORMANCE AND COST COMPETITIVENESS

Figure 4. EXPORTS BY COMMODITY GROUP

Box 1. The Norwegian salmon farming industry

Table 2. World salmon production

Sustained household demand

Figure 5. HOUSEHOLD SPENDING

Table 3. Household appropriation account

Figure 6. HOUSEHOLD FINANCIAL POSITION

Robust business investment

Figure 7. MAINLAND BUSINESS INVESTMENT

Falling unemployment

Table 4. Labour market developments

Figure 8. THE LABOUR MARKET

Still subdued inflation

Table 5. Prices, wages and costs

Figure 9. WAGE AND PRICE DEVELOPMENTS

Rising current account surplus

Figure 10. EXTERNAL POSITION

Short-term outlook

Table 6. Short-term projections

II. Economic policies

Overview

The fiscal stance

Widening budget surpluses in 1995 and 1996

Table 7. Budget balances: projections and outcomes

Figure 11. STATE BUDGET BALANCE

Box 2. The Government Petroleum Fund

Consolidating the surplus in 1997

Managing the petroleum wealth in the long run

Figure 12. STATE PENSION EXPENDITURE AND PETROLEUM REVENUES

Monetary policy

The policy formulation

Exchange and interest rate developments

Figure 13. EXCHANGE RATE BEHAVIOUR AND OFFICIAL RESERVES

Figure 14. INTEREST RATE DEVELOPMENTS

Money and credit growth

Figure 15. MONEY AND CREDIT

Table 8. Money and credit

Assessment

Structural reform

Agricultural support

Figure 16. FEATURES OF THE AGRICULTURAL SECTOR

Figure 17. AGRICULTURAL TRADE AND SUPPORT

Financial services.

Table 9. Banks' operating results

Table 10. Concentration in the banking sector

Figure 18. RATIONALISATION IN THE BANKING SECTOR

III. Implementing the OECD Jobs Strategy

Introduction

Labour market and employment performance

Table 11. Employment developments

Figure 19. LABOUR MARKET INDICATORS

Figure 20. KEY FEATURES OF UNEMPLOYMENT

Figure 21. DURATION OF UNEMPLOYMENT, 1995

Figure 22. THE EQUILIBRIUM RATE OF UNEMPLOYMENT

Policy requirements

Box 3. The OECD Jobs Strategy: synopsis of recommendations for Norway

Enhancing the ability to adjust and adapt

The wage formation system

Figure 23. DEVELOPMENT OF EARNINGS DISTRIBUTION

Flexibility of employment and working time

Figure 24. PART-TIME WORK

Table 12. Employment protection legislation in Europe

Taxes and transfers

Figure 25. RECIPIENTS OF LABOUR MARKET INCOME SUPPORT

Figure 26. GOVERNMENT SPENDING AND SOCIAL TRANSFERS

Table 13. Income replacement for people at working age

Figure 27. UNEMPLOYMENT BENEFITS

Table 14. Net replacement rates

Figure 28. TAX WEDGES

Active labour market policies

Table 15. Active Labour Market Programmes for Ordinary Unemployed

Increasing the knowledge base, efficiency and innovative activity

Product market competition

Promoting entrepreneurship

Technology, innovation and industrial policy

Reforming education and training

Recent policy initiatives

Assessment and scope for further action

IV. Education and training

Figure 29. GOVERNMENT EXPENDITURE ON EDUCATION AND TRAINING

Why human capital is essential for Norway

Increasing mainland labour productivity

Table 16. Comparative levels of labour productivity

Table 17. Rates of return to formal education in the Nordic countries

Figure 30. EDUCATION AND LABOUR MARKET PERFORMANCE

Meeting skill needs.

Table 18. Labour market situation by level of education

Table 19. Labour market situation of individuals six months after completing education, by level and field of study

Figure 31. EMPLOYMENT AND UNEMPLOYMENT BY OCCUPATION

Table 20. Employment by occupation

The education system in the light of past and planned reforms

Main features of the system

Table 21. Financial support for students

The performance of the system

Figure 32. READING FREQUENCY AND LITERACY

Figure 33. TEACHER COMPENSATION

Table 22. Resource inputs in education

Table 23. Graduation in upper secondary and university education

Table 24. University degrees by disciplines

The cost of the system

Figure 34. THE TRADE-OFF BETWEEN SCHOOL AND WORK

Figure 35. GROWTH IN STUDENT NUMBERS

The contribution of continuing education and training

Adult education

Table 25. Adult education and training programmes

Employer-provided training

Figure 36. EXPENDITURE ON JOB-RELATED TRAINING AND EDUCATION IN THE PRIVATE SECTOR

Labour market training

Looking ahead

Assessment of the reforms to date

Scope for further action

Notes

Annex I. Calendar of main economic events

STATISTICAL ANNEX AND STRUCTURAL INDICATORS

Table A. Selected background statistics

Table B. Supply and use of ressources

Table C. Gross domestic product by origin

Table D. Gross domestic product by origin

Table E. General government income and expenditure

Table F. Labour market

Table G. Balance of payments

Table H. Foreign trade by area

Table I. Prices and wages

Table J. Money and credit

Table K. Production and employment structures

Table L. productivity and investment structure

Table M. Labour-market indicators

Table N. Public sector General government income and expenditure structures.

BASIC STATISTICS: INTERNATIONAL COMPARISONS

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 9. Banks' operating results

Table 18. Labour market situation by level of education

FIGURES

Figure 3. EXPORT PERFORMANCE AND COST COMPETITIVENESS.

Figure 4. EXPORTS BY COMMODITY GROUP

Figure 36. EXPENDITURE ON JOB-RELATED TRAINING AND EDUCATION IN THE PRIVATE SECTOR.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-14962-7

OCLC:

1226590943