How Robust is the R&D - Productivity Relationship? Evidence from OECD Countries

How Robust is the R&D - Productivity Relationship? Evidence from OECD Countries PDF

Author: Mosahid Khan

Publisher: WIPO

Published: 2011

Total Pages: 32

ISBN-13:

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The authors examine the robustness of research and development (R&D) and productivity relationship in a panel of 16 OECD countries. They control for fifteen productivity determinants predicted by different theoretical models. R&D and human capital emerge robust in all specifications making them universal drivers of productivity across nations. Most other determinants are also significant. Productivity relationships are heterogonous across countries depending on their accumulated stocks of knowledge and human capital.

OECD Economic Surveys: Australia 2017

OECD Economic Surveys: Australia 2017 PDF

Author: OECD

Publisher: OECD Publishing

Published: 2017-03-02

Total Pages: 136

ISBN-13: 9264271503

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This 2017 OECD Economic Survey of Australia examines recent economic developments, policies and prospects. The special chapters cover innovation-driven productivity and boosting R&D outcomes.

The Future of Productivity

The Future of Productivity PDF

Author: OECD

Publisher: OECD Publishing

Published: 2015-12-11

Total Pages: 120

ISBN-13: 9264248536

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This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

Equilibrium Exchange Rates

Equilibrium Exchange Rates PDF

Author: Ronald MacDonald

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 353

ISBN-13: 9401144117

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How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? What are the effects of specific policies upon the equilibrium exchange rate? The answers to these questions are important to academic theorists, policymakers, international bankers and investment fund managers. This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach. This volume is essentially empirical: what do we know about exchange rates? The different econometric and theoretical approaches taken by the various authors in this volume lead to mutually consistent conclusions. This consistency gives us confidence that significant progress has been made in understanding what are the fundamental determinants of exchange rates and what are the forces operating to bring them back in line with the fundamentals.

Regulation, Productivity and Growth

Regulation, Productivity and Growth PDF

Author: Giuseppe Nicoletti

Publisher: World Bank Publications

Published: 2003

Total Pages: 68

ISBN-13:

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In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation-growth linkage using data that cover a large set of manufacturing and service industries over the past two decades. We focus on multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross-country variance. We find evidence that reforms promoting private governance and competition (where these are viable) tend to boost productivity. Both privatisation and entry liberalisation are estimated to have a positive impact on productivity. In manufacturing the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ...

OECD Urban Policy Reviews Enhancing Productivity in UK Core Cities Connecting Local and Regional Growth

OECD Urban Policy Reviews Enhancing Productivity in UK Core Cities Connecting Local and Regional Growth PDF

Author: OECD

Publisher: OECD Publishing

Published: 2020-03-02

Total Pages: 130

ISBN-13: 9264882146

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With the right policies and sufficient investment in public transport, housing, skills and other key policy areas, Core Cities could become centres of economic activity that pull their regions and the entire UK to higher productivity levels. This report unpacks the productivity puzzle in the UK and offers policy recommendations for the local and national level to achieve higher productivity and more inclusive growth.

Structural Reforms and Firms’ Productivity: Evidence from Developing Countries

Structural Reforms and Firms’ Productivity: Evidence from Developing Countries PDF

Author: Wilfried A. Kouamé

Publisher: International Monetary Fund

Published: 2018-03-19

Total Pages: 42

ISBN-13: 1484347005

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This paper assesses the effects of structural reforms on firm-level productivity for 37 developing countries from 2006 to 2014 period. It takes advantage of the IMF Monitoring of Fund Arrangements dataset for reform indexes and the World Bank Enterprise Surveys for firm-level productivity. The paper highlights the following results. Structural reforms such as financial, fiscal, real sector, and trade reforms, significantly improve firm-level productivity. Interestingly, real sector reforms have the most sizeable effects on firm-level productivity. The relationship between structural reforms and firm-level productivity is nonlinear and shaped by some firms’ characteristics such as the financial access, the distortionary environment, and the size of firms. The pace of structural reforms matters since being a “strong reformer” is associated with a clear productivity dividend for firms. Finally, except for financial and trade reforms, all structural reforms under consideration are bilaterally complementary in improving firm-level productivity. These findings are robust to several sensitivity checks.

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