Browse by: "G"
Index
Title Index
Year Index
This paper presents a new data set on human capital. It is based upon data released at the OECD for a subgroup of 38 member and non-member countries, and an effort performed at the Development Centre to expand this data set to other developing countries. The key to our methodology is to minimise the extrapolations and keep the data as close as possible to those directly available from national censuses (in the spirit of the work of De la Fuente and Doménech for OECD countries). We then use this new data set to test a neo-classical model in which human capital follows the Log-Linear formulation which is favoured by Mincerian approaches. We find both in levels and in first difference that the model performs extremely well. No externalities seem to manifest themselves, either on physical or on human capital accumulation. Total factor productivity (output net of the contribution of human and physical capital), however, do appear to be smaller, by about 45 per cent in average, in the ...
This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on the cross-country evidence for the OECD countries, but the paper also briefly reviews evidence from labour economics, to clarify where empirical work on education using macro data may be relatively useful. It is argued that on balance, the recent cross-country evidence points to productivity benefits of education that are at least as large as those identified by labour economists. The paper also discusses the implications of this finding. Finally, the paper reviews the emerging literature on the benefits of social capital. Since this literature is still in its early days, policy conclusions are accordingly harder to find.
- Economic growth is, ultimately, the result of the myriad of transactions which take place in a market economy. Similarly, the distribution of income depends on who has ownership of factors of production, how much they can sell them for, and whether the resultant income is redistributed or not. It would be surprising were economic growth and income distribution not to be linked. But how exactly they might be linked has been the topic of many competing theories and empirical evaluations. Unfortunately, the studies have not led to a convergence on a common view that there is, or is not, a trade-off between the two goals of an equitable society and a rich one.
- This lack of enlightenment becomes less surprising once the empirical studies are examined in detail. Many empirical studies have looked at the final distribution of income, when some of the theories make stronger predictions about the links between growth and the distribution of income before taxes and transfers; similar ...
Guarantees have become the preferred instrument to address many financial policy objectives. The incidence of financial sector guarantee arrangements that address specific policy objectives, such as supporting financial stability, protecting consumers and influencing credit allocations, has increased markedly over the past decades and additional schemes are under consideration. This report identifies considerations regarding consistency and affordability that policymakers should take into account before introducing additional guarantee arrangements. One of them is that the safety net cannot be expanded without limits. In fact, as regards the strength of the net of government-supported guarantees for financial promises, the wider that net is cast (without altering its other key parameters), the thinner it becomes.
This booklet is a practical guide for managers of joint evaluations of development assistance programmes. It is a revision and update, in view of new experiences, of the DAC publication Effective Practices in Conducting a Joint Multi-Donor Evaluation (2000). The omission of the words "Multi-Donor" from the new title reflects the momentum in development cooperation towards broader partnerships and, specifically, joint evaluations undertaken with the participation of non-donor agencies. The update is based on the findings and recommendations in a DAC Evaluation Network Working Paper prepared by consultant Horst Breier in 2005.2 It also draws on the outcomes of a workshop: "Joint Evaluations: Challenging the Conventional Wisdom - the View from Developing Country Partners" (Nairobi, 2005) and on inputs and feedback from members and partners of the Evaluation Network.
Biorefineries present an alternative to fossil-based production, and can create employment, wealth and the ecosystem needed to make them function. Thailand is establishing a bioeconomy with widespread biorefining as a strategy for future economic growth. There is political will to establish in Thailand, if feasible, small, decentralised biorefineries to which farmers can locally deliver biomass as feedstock, which can then be processed into bio-based products. This would help to relieve rural poverty, which is still a problem in some areas of Thailand despite progress. Developing a biorefining roadmap will help to assess the feasibility of such an initiative.
In response to the COVID-19 crisis, a number of tax administrations have already published domestic guidance on some of the transfer pricing implications of COVID-19. While this is an important first step in setting taxpayer expectations, facilitating co-operative compliance and delivering greater tax certainty, the two-sided nature of transfer pricing means that it is only by agreeing a common approach that tax administrations can enhance tax certainty. This Guidance clarifies and illustrates the practical application of the arm’s length principle as articulated in the OECD Transfer Pricing Guidelines to the unique fact patterns and specific challenges implied by the COVID-19 pandemic. Four priority issues were identified and are covered in the Guidance: (i) comparability analysis; (ii) losses and the allocation of COVID-19 specific costs; (iii) government assistance programmes; and (iv) advance pricing agreements (“APAs”). This Guidance was developed and approved by the 137 members of the OECD/G20 Inclusive Framework on BEPS. While it is recognised that some Inclusive Framework members may also follow the United Nations Practical Manual on Transfer Pricing for Developing Countries (2017), this Guidance should be helpful in such circumstances where the UN Manual follows a similar analytical framework and allows for similar conclusions as the OECD Transfer Pricing Guidelines.
The OECD Competition Committee debated Guidance to Business on Monopolisation and Abuse of Dominance in June 2007. This document includes an executive summary and the documents from the meeting: written submissions from the Czech Republic, the European Commission, Finland, Ireland, Japan, Korea, the Netherlands, South Africa, Chinese Taipei, Türkiye, the United Kingdom, the United States as well as an aide-memoire of the discussion.
The goods and services we buy are composed of inputs from various countries around the world. However, the flows of goods and services within these global production chains are not always reflected in conventional measures of international trade. The Trade in Value-Added (TiVA) indicators address this issue by considering the value added by each country in the production of goods and services that are consumed worldwide.
This guide presents the TiVA indicators published by OECD. The latest indicators were generated using the 2021 release of the OECD Inter-Country Input-Output (ICIO) tables which cover the period 1995 to 2018. The indicators are provided for 66 economies and the rest of the world (including all OECD, European Union, ASEAN and G20 countries) and a selection of region aggregates and, for 45 unique industries and related aggregates (such as total manufactures and total services) based on the ISIC Rev. 4 classification.
On 28 April 2005, the OECD Council approved the Recommendation on Guidelines for Insurers’ Governance. Guidelines were first endorsed by the OECD Insurance and Private Pensions Committee in collaboration and wide consultation with the 30 member countries’ governmental experts in the insurance sector as well as the insurance and reinsurance industry. These guidelines were also deemed fully compatible and consistent with the OECD Revised Principles on Corporate Governance by its Steering Group in October 2004.
Public sector organisations across the world are increasingly using advanced management concepts. One such concept, internal control, is a set of management arrangements designed to achieve an organisation’s objectives on time, to appropriate performance standards, within budget, efficiently, effectively and in compliance with the law. These Guidelines explain in detail how to develop internal control in public sector organisations and how to assess the quality of existing systems. They are intended to guide ministries of finance and public sector managers in EU candidate countries and potential candidates, but could also be used by other administrations interested in assessing or improving their management and control systems.
A central element of the programme of work of the OECD’s Working Party on Private Pensions has been the development of principles of regulation and supervision and guidelines related to the maintenance and oversight of private pension plans and funds. This work has been done in conjunction with the International Network of Pension Regulators and Supervisors (INPRS). The guidelines set forth below specifically address the rights of pension plan members and beneficiaries, an especially vital aspect of any pension programme. The Working Party previously developed and issued in 2000 broad principles applicable to private occupational pensions, titled “Fifteen Principles for the Regulation of Private Occupational Pensions Schemes”1, which were also approved by the INPRS. In 2002 the Working Party issued “Guidelines for Pension Fund Governance.”2 The document, ...