OECD economic surveys : Lithuania 2016 : economic assessment / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Contributor:

Organisation for Economic Co-operation and Development, author.

Series:

OECD Economic Surveys: Lithuania Series

Language:

English

Subjects (All):

Economic surveys--Lithuania--Periodicals.

Economic surveys.

Lithuania--Economic conditions--Periodicals.

Lithuania.

Lithuania--Economic policy--Periodicals.

Physical Description:

1 online resource (148 p.)

Edition:

1st ed.

Place of Publication:

Paris, [France] : OECD Publishing, 2016.

Summary:

This 2016 OECD Economic Survey of Lithuania examines recent economic developments, policies and prospects. The special chapters cover: Productivity convergence and Inclusive growth.

Contents:

Table of contents; Basic Statistics of Lithuania, 2014; Executive summary; Productivity growth has resumed after every crisis; Figure: Labour productivity gap to OECD (%); The convergence process has not been inclusive enough; Figure: Income inequality; The economy is volatile; Figure: GDP growth; Table: Main Findings and Key Recommendations; Assessment and recommendations; Figure 1. The economy has been volatile but also resilient to shocks; Figure 2. Emigration has been high and the working age population is declining; Growth is projected to gain momentum despite weak external conditions

Figure 3. There is scope to be more inclusiveTable 1. Macroeconomic Indicators and Projections; Figure 4. Short term economic indicators; Box 1. Potential shocks not factored into the outlook; Fiscal and financial policies to support the economy; Strengthening long-term fiscal sustainability and growth; Box 2. Long term costs related to ageing and sustainability of the pension system; Figure 5. The fiscal position is strong; Figure 6. VAT non-compliance is high; Box 3. Measures taken to fight tax evasion; Ensuring financial stability and the investment recovery

Box 4. Macro-financial frameworkFigure 7. The financial sector has swiftly recovered; Figure 8. The banking sector is less dependent on parent banks loans; Figure 9. Investment has not recovered since the crisis; Enhancing energy efficiency; Figure 10. Environmental challenges remain high; Recommendations for fiscal and financial policies to support the economy; Boosting productivity to accelerate convergence; Figure 11. Productivity has benefitted from both within-sector advances and between sector reallocation; Policies for better resource allocation

Figure 12. Lithuanian industry finds the education of the labour force inadequatePromoting within-firm productivity growth; Figure 13. Some productive Lithuanian firms face difficulty accessing finance; Table 2. Firm level innovation in Lithuania is low; Figure 14. Business R&D intensity is very low; Figure 15. FDI and participation in Global Value Chain are low; Figure 16. Lithuania's regulatory framework is open to trade; Figure 17. The quality of Lithuanian infrastructure could be improved; Figure 18. High skilled emigration has reduced Lithuania's pool of human capital

Figure 19. Poor basic skills partly reflects low participation in early childhood educationFigure 20. Teacher salaries are low and there is scope for improving quality assurance; Figure 21. The student-teacher ratio is relatively low and likely to further decline; Recommendations for boosting productivity; Promoting an inclusive labour market; Providing more and better jobs for all; Figure 22. Employment protection legislation is stricter than the average of OECD countries; Figure 23. Unemployment rate for low-skilled is high

Figure 24. Underinvestment in skills contributes to poor jobs quality

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters.

Description based on online resource; title from PDF title page (ebrary, viewed April 25, 2016).

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-25114-6

OCLC:

947222584