Productivity and long term growth

The Long View: Scenarios for the world economy to 2060

The Long View: Scenarios for the world economy to 2060

Slowing global growth, limited income convergence and rising fiscal pressures – this is the outlook for the world economy in the new OECD long-term baseline projection. But structural policy reforms can brighten the outlook substantially in all countries, as illustrated in a number of alternative scenarios.

Economic Policy Reforms: Going for Growth

Going for Growth 2018:  An opportunity that governments should not miss

In 2017, the pace of reforms has remained similar to the relatively slow pace observed in the last two years and below the one observed in the direct aftermath of the crisis. Nevertheless, some bold actions have been taken – over one third of actions implemented in 2017 can be viewed as “major steps”.

Global Forum on Productivity

The OECD Global Forum on Productivity (GFP) fosters international co-operation between public bodies promoting productivity-enhancing policies. Access here the latest research and data on productivity trends and institutions, and follow our upcoming events.

Quick links on Productivity and Long-Term Growth: Working Papers  Blog posts | Policy Papers | Latest Documents 

Zombie firms

Zombie firms and weak productivity
Among the factors of the productivity slowdown experienced over the past two decades is the increasing survival of firms that would typically exit in a competitive market – i.e. “zombie” firms. Reviving productivity growth will partly depend on the policies that effectively facilitate the exit or restructuring of weak firms, while simultaneously coping with any social costs that arise from a heightened churning of firms and jobs.

Economic Resilience

Strengthening Economic Resilience: Insights from the Post-1970 Record of Severe Recessions and Financial Crises
Given the enduring impact of severe recessions and financial crises, it is important to take measures to minimise the risk of such events. In so doing, the benefits of higher economic stability must be weighed against potential costs. Risk-mitigating measures can involve a trade-off between growth and crisis risk, thus the most cost-effective actions must be identified.

Equality

Promoting Productivity & Equality: A Twin Challenge 

Chapter 2 of the OECD Economic Outlook 2016 analyses the linkages between slowing productivity and rising income inequality.

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The Future of Productivity

The slowdown in productivity over the past decade has added to concerns about the long-term economic outlook.  But new OECD research shows that policy reforms can revive the diffusion of innovation and make better use of human talent to clear the path for higher and more inclusive productivity growth. 

>> The Future of Productivity

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