{"title":"Foreign Affiliates in OECD Economies: Presence, Performance and Contribution to Host Countries' Growth","authors":"Chiara Criscuolo","doi":"10.1787/ECO_STUDIES-V2005-ART12-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART12-EN","url":null,"abstract":"In recent decades, foreign direct investment (FDI) has steadily increased so that foreign owned multinational enterprises (MNEs) now play an important role in the economy of many developed and developing economies. Countries compete with each other to attract FDI because they expect affiliates of foreign MNEs to contribute to the welfare of the host economy through multiple channels. But what precisely is the impact of foreign affiliates on the host country economy?","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121420514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"SUB-CENTRAL GOVERNMENT FISCAL RULES","authors":"D. Sutherland, R. Price, I. Joumard","doi":"10.1787/ECO_STUDIES-V2005-ART13-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART13-EN","url":null,"abstract":"Rules constraining the discretionary powers of budget policymakers have become widespread among OECD economies, and the expanding role played by decentralised institutions in providing public services has led to their increasing adoption at the sub-central level.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129603299","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Policies, Institutions and Fertility Rates: A Panel Data Analysis for OECD Countries","authors":"A. d’Addio, Marco Mira d’Ercole","doi":"10.1787/ECO_STUDIES-V2005-ART9-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART9-EN","url":null,"abstract":"Total fertility rates at, or below, replacement level characterise today 64 countries with populations totalling 44% of that of the world. Many of these countries have total fertility rates below 1.5 and some have recorded belowreplacement fertility rates for decades.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"120 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116374987","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ARE STRUCTURAL REFORMS THE ANSWER TO GLOBAL CURRENT ACCOUNT IMBALANCES","authors":"M. Kennedy, Torsten Sløk","doi":"10.1787/ECO_STUDIES-V2005-ART10-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART10-EN","url":null,"abstract":"The impact of structural reforms on external imbalances has attracted considerable attention in view of the existing constellation of relative growth rates and current account balances among OECD economies. Not least among policy makers, what should and can be done to help solve the problem has been discussed extensively.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125932721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate sector vulnerability and aggregate activity","authors":"Torsten Sløk, M. Kennedy","doi":"10.1787/ECO_STUDIES-V2005-ART4-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART4-EN","url":null,"abstract":"The health of a firm’s balance sheet potentially plays a role in its decisions to invest and through that channel, aggregate activity can be affected. Several authors have established a theoretical link based on the notion that the value of equity can be collateralised for business loans used to fund capital accumulation. In some of these models, it is possible to demonstrate that there is a financial accelerator that can amplify the business cycle by more than what could be explained by, for instance, an interest rate channel.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115297797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Indicator models of real GDP growth in the major OECD economies","authors":"N. Pain, Franck Sédillot","doi":"10.1787/ECO_STUDIES-V2005-ART7-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART7-EN","url":null,"abstract":"Accurate and timely information on the current state of economic activity is an important requirement for the policymaking process. Delays in the publication of official statistics mean that a complete picture of economic developments within a particular period emerges only some time after that period has elapsed. Thus considerable resources are, at times, devoted to making an assessment of the immediate past and the current conjuncture as well as projections about future developments. In practice, a regular flow of information is provided by the large number of quantitative and qualitative indicators that appear each month for different sectors of the economy. One challenge for policymakers is to put these together in a consistent manner to obtain a picture of the overall state of the economy.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127529851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Explaining risk premia on bonds and equities","authors":"M. Kennedy, Torsten Sløk","doi":"10.1787/ECO_STUDIES-V2005-ART5-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART5-EN","url":null,"abstract":"Between 2002 and early 2005 risk premia for a number of asset classes across broad geographical areas not only fell substantially but also tended to move more closely together than they had done historically. This raises the question to what extent this apparent reduced investor discrimination across asset classes went beyond what can be accounted for by market-specific developments. In particular, the reduced discrimination among asset classes could suggest that factors other than market- or country-specific events have played a role in narrowing risk premia.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124715607","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"International licensing and the strengthening of intellectual property rights in developing countries during the 1990s","authors":"W. Park, Douglas C. Lippoldt","doi":"10.1787/ECO_STUDIES-V2005-ART2-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2005-ART2-EN","url":null,"abstract":"Global intellectual property reform has been underway since the early 1990s (Box 1). With respect to international trade, a central pillar of the reform is the World Trade Organisation’s Agreement on Trade-Related Aspects of Intellectual Property Rights Agreement (TRIPS) that came into effect on 1 January 1995. Clearly, a strengthening of intellectual property laws worldwide can benefit those in industrialised nations who own most of the intellectual properties (e.g. copyrights on books, music, and software, patent rights on inventions, and trademark rights on business symbols and names).....","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117138736","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Counting Immigrants and Expatriates in OECD Countries: A New Perspective","authors":"J. Dumont, Georges Lemaître","doi":"10.1787/521408252125","DOIUrl":"https://doi.org/10.1787/521408252125","url":null,"abstract":"Results presented in this paper based on the new database on immigrants and expatriates in OECD countries, show that (i) the percentage of the foreign-born in European OECD countries is generally higher than the percentage of foreigners; (ii) international migration is quite selective towards highly skilled migrants; (iii) in most OECD countries, the number of immigrants with tertiary education exceeds the number of highly qualified expatriates to other OECD countries; (iv) among non-member countries the impact of the international mobility of the highly skilled is diverse: the largest developing countries seem not be significantly affected and indeed may benefit from indirect effects associated with this mobility while some of the smallest countries, especially in the Caribbean and in Africa, face significant ‘emigration rates’ of their elites. S'appuyant sur ces informations, l'OCDE a cree une nouvelle base de donnees sur les immigres et les expatries. Les resultats presentes dans ce document montrent que i) le pourcentage des personnes nees a l'etranger dans les pays europeens de l'OCDE est generalement plus eleve que celui des etrangers ; ii) les migrations internationales s'orientent de maniere selective vers les migrants hautement qualifies ; iii) dans la plupart des pays de l'OCDE, le nombre d'immigres possedant un niveau d'education de l'enseignement superieur depasse le nombre des expatries hautement qualifies vers d'autres pays de l'OCDE ; iv) parmi les pays non membres de l'OCDE, l'impact de la mobilite internationale des travailleurs immigres hautement qualifies est diversifie : les grands pays en developpement semblent moins affectes et en fait pourraient meme beneficier des effets indirects associes a cette mobilite, alors que certains pays de plus petite taille, specialement dans les Caraibes et en Afrique, se trouvent confrontes a des taux d'emigration eleves de leurs elites.","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115777559","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Challenges of Narrowing the US Current-Account Deficit and Implications for Other Economies","authors":"Anne-Marie Brook, Franck Sédillot, Patrice Ollivaud","doi":"10.1787/ECO_STUDIES-V2004-ART7-EN","DOIUrl":"https://doi.org/10.1787/ECO_STUDIES-V2004-ART7-EN","url":null,"abstract":"This article uses the OECD’s interlink model to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US producers. A key conclusion is that shocks would have to be very large in order to materially reduce the US external deficit, largely because of the offsetting impact of second-round effects. In addition...","PeriodicalId":257911,"journal":{"name":"Oecd Economic Studies","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124002633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}