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Can pro-growth policies lift all boats? An analysis based on household disposable income

December 19, 2014 Comments off

Can pro-growth policies lift all boats? An analysis based on household disposable income (PDF)
Source: OECD

In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on GDP per capita and household income distribution. Pro-growth reforms can be distinguished according to whether they are found to generate an increase or a reduction in household disposable income inequality. Those that contribute to reduce inequality include the reduction in regulatory barriers to competition, trade and FDI, as well as the stepping-up in job search assistance and training programmes. Conversely, a tightening of unemployment benefits for the long-term unemployed is found to lift mean household income but to lower income among poorer households, thus raising inequality. Several other reforms have no significant impact on income distribution.

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FATF guidance tackles terrorist finance and money laundering risk in banks and corporate entities

December 3, 2014 Comments off

FATF guidance tackles terrorist finance and money laundering risk in banks and corporate entities
Source: OECD

New guidance from the Financial Action Task Force (FATF) will help countries tackle the misuse of corporate entities for money laundering, terrorist financing and other illicit purposes.

Criminals are often able to set up companies or trusts with opaque ownership in order to hide their identity, the purpose of the account and their sources of funds.

The FATF’s Guidance on Transparency and Beneficial Ownership explains the requirements for the provision of accurate information about the legal and beneficial owners, the source of the corporate vehicle’s assets and its activities. Effective implementation of the measures will also help tackle corruption and tax evasion.

The FATF’s new guidance assists countries in:

  • Assessing the risks associated with legal persons and legal arrangements
  • Making legal persons and legal arrangements sufficiently transparent, and
  • Ensuring that accurate and up-to-date basic and beneficial ownership information is available to competent authorities in a timely fashion.

Reforms poised to put India on a strong, sustainable and inclusive growth path, OECD says

December 1, 2014 Comments off

Reforms poised to put India on a strong, sustainable and inclusive growth path, OECD says
Source: OECD

The Indian economy is showing signs of a turnaround. New reforms, some of which are included in the package presented by Prime Minister Narendra Modi, need to be implemented to put the country on a path to strong, sustainable and inclusive growth, according to the latest OECD Economic Survey of India.

The Survey, presented in New Delhi by OECD Chief Economist Catherine L. Mann and Arvind Subramanian, Chief Economic Adviser to the Government of India, notes that India slowed more than many other countries since 2011, but is now recovering faster. India’s GDP should grow by more than 6.5 percent annually in the coming years.

Investment and exports are driving the rebound, but growth will be sustained at a stronger pace if further steps are taken. In the near term, stable and lower inflation and smaller deficits are needed. Structural improvements to the business climate are crucial for medium term growth, and in the longer-term, health improvements and increased female participation in the labour market will sustain strong and inclusive growth.

Paying for Performance in Health Care: Implications for Health System Performance and Accountability

December 1, 2014 Comments off

Paying for Performance in Health Care: Implications for Health System Performance and Accountability
Source: OECD

The detailed analysis of these 10 case studies together with the rest of the analytical text highlight the realities of P4P programs and their potential impact on the performance of health systems in a diversity of settings. This book provides critical insights into the experience to date with P4P and how this tool may be better leveraged to improve health system performance and accountability.

OECD Science, Technology and Industry Outlook 2014

November 24, 2014 Comments off

OECD Science, Technology and Industry Outlook 2014
Source: OECD

The OECD Science, Technology and Industry Outlook 2014 reviews key trends in science, technology and innovation (STI) policies, and performance in more than 45 economies, including OECD countries and major emerging economies. The report draws on the latest OECD work on science and innovation policy analysis and measurement.

Following an overview of the STI global landscape and policy trends, key policy issues are discussed across a series of thematic policy profiles. The third section examines individual STI country performances, along with the most recent national policy developments. These global and national policy trends are monitored by a unique international policy survey conducted by the OECD every two years.

Skills Beyond Schools Synthesis Report

November 17, 2014 Comments off

Skills Beyond Schools Synthesis Report
Source: OECD

Higher level vocational education and training (VET) programmes are facing rapid change and intensifying challenges. What type of training is needed to meet the needs of changing economies? How should the programmes be funded? How should they be linked to academic and university programmes? How can employers and unions be engaged? This report synthesises the findings of the series of country reports done on skills beyond school.

Chapter 1. The hidden world of professional education and training
Chapter 2. Enhancing the profile of professional education and training
Chapter 3. Three key elements of high-quality post-secondary programmes
Chapter 4. Transparency in learning outcomes
Chapter 5. Clearer pathways for learners
Chapter 6. Key characteristics of effective vocational systems

Determinants of Households’ Investment in Energy Efficiency and Renewables: Evidence from the OECD Survey on Household Environmental Behaviour and Attitudes

October 29, 2014 Comments off

Determinants of Households’ Investment in Energy Efficiency and Renewables: Evidence from the OECD Survey on Household Environmental Behaviour and Attitudes
Source: OECD

Many studies on household energy efficiency investments suggest that a wide range of seemingly profitable investments are not taken up. This paper provides novel evidence on the main factors behind consumer choices using the OECD Survey on Household Environmental Behaviour and Attitudes. The empirical analysis is based on the estimation of binary logit regression models. Empirical results suggest that households’ propensity to invest in clean energy technologies depends mainly on home ownership, income, social context and households’ information. Indeed, home owners and high-income households are more likely to invest than renters and low-income households. On the other hand, social context, such as membership in an environmental non-governmental organisation, and households’ knowledge about their energy spending and use may play a relevant role in technology adoption.

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