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Human capital plays an important role in the process of economic growth and individuals' labour market outcomes are linked to their educational attainment. The OECD reviews policies that influence the incentives to invest in human capital and the efficiency of the provision of education services.
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19-Nov-2008
The main challenges facing the Spanish economy are to minimise the economic costs of the current downturn, move workers shed to new jobs, and to raise sustainable productivity growth including by improving human capital formation and competition in product markets.
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14-Oct-2008
This article uses “extreme-bound”-type analysis to revisit the determinants behind widely differing economic growth in Russian regions. Using data from 77 regions for 1993-2004, it examines the growth drivers for the phase of economic decline up to 1998 and for the period of strong growth afterwards.
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10-Oct-2008
The Australian economy, which is in its 17th consecutive year of growth, has benefited from remarkable results. But difficult challenges lie ahead. How to balance inflation threats and risks of a strong downturn? How to strengthen labour supply? How to enhance education performance? What reforms are needed for labour and product markets? How to implement climate change policy and sustainable water management?
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01-Sep-2008
Globalisation, together with skill-biased technical change, is changing the composition of jobs in advanced economies and raising the level of skills required to do them.
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