Economic Policy Reforms 2016 - Going for Growth Interim Report [electronic resource].
Publishing, OECD.
Paris : OECD Publishing,
2016.
Description based upon print version of record.
Editorial Restoring healthy growth: policies for higher and more inclusive productivity; Table of contents; ISO Codes; Executive summary; Chapter 1. Overview of structural reforms in the policy areas identified as priorities for growth; Overview of structural reforms in the policy areas identified as priorities for growth; Main findings; Introduction; Figure 1.1. Investment is lagging behind the recovery of GDP in most European countries; Figure 1.2. Labour productivity growth slowed even before the crisis in advanced economies; A global overview of the progress on reform priorities
Figure 1.3. About 50 % of the Going for Growth recommendations have been implemented or are in the process of implementationFigure 1.4. The pace of reform has decelerated in 2015; Figure 1.5. The pace of reforms has been faster in countries facing hardest macroeconomic conditions; Figure 1.6. Reform intensity has been highest in the areas of education and of full-time labour force participation of women; Box 1.1. G20 Growth strategy and its implementation; Assessment of reform progress by country groups; Box 1.2. Country grouping by common challenges
Group 1: Countries with extremely high long-term and youth unemployment (Greece, Ireland, Italy, Portugal, Slovak Republic and Spain)Figure 1.7. Youth unemployment rate and the share of long-term unemployed remain very high; Table 1.1. Reform priorities for countries with high long-term and youth unemployment; Figure 1.8. A significant share of workers face skill mismatch, implying a large scope for productivity gains; Group 2: Countries with a large labour productivity gap vis-à-vis OECD average (Czech Republic, Estonia, Hungary, Israel, Poland and Latvia)
Figure 1.9. The productivity gap remains large with ample room for catch-upFigure 1.10. Regulations in non-manufacturing sector have significant impact on the manufacturing sector; Figure 1.11. The intensity of business-based R&D is low compared to advanced OECD countries; Table 1.2. Reform priorities for countries with a large labour productivity gap vis-a-vis OECD average; Group 3: Countries with low working hours and housing market distortions (Denmark, the Netherlands, Norway and Sweden); Figure 1.12. The share of disability benefit recipients is among the highest in OECD countries
Figure 1.13. House prices have risen fast amid large household debtTable 1.3. Reform priorities for countries with low working hours and housing market distortions; Group 4: Countries with high structural unemployment and/or low participation of older workers (Austria, Belgium, Finland, France, Luxembourg and Slovenia); Figure 1.14. Shorter average hours worked and lower employment rates reduce overall labour utilisation; Table 1.4. Reform priorities for countries with high structural unemployment and low participation of old workers
Figure 1.15. Inequality in educational outcomes is relatively high