Economy

14-September-2020

English

Services trade costs in the United States: A simulation based on the OECD Services Trade Restrictiveness Index

While services account for almost 80% of GDP in the United States and a growing share of global trade, regulatory barriers to services trade around the world are still high. Using a hypothetical liberalisation scenario, this paper assesses the potential reduction of trade costs that could be achieved in 17 US services sectors. The analysis relies on the OECD Services Trade Restrictiveness Index (STRI) which records barriers to services trade in 46 economies. The illustrative scenario assumes a 50% reduction in the gap between the current STRI score of the United States and the score of the least restrictive country in each sector. The results highlight the economic benefits of aligning US services regulation with global best practice. The average reduction in trade costs across the 17 sectors analysed would amount to 9.7 percentage points, with a quarter of the sectors experiencing reductions larger than 14.1 percentage points and another quarter experiencing reductions smaller than 5.3 percentage points.

14-April-2020

English

Synthesising good practices in fiscal federalism - Key recommendations from 15 years of country surveys

The design of intergovernmental fiscal relations can help to ensure that tax and spending powers are assigned in a way to promote sustainable and inclusive economic growth. Decentralisation can enable sub-central governments to provide better public services for households and firms, while it can also make intergovernmental frameworks more complex, harming equity. The challenges of fiscal federalism are multi-faceted and involve difficult trade-offs. This synthesis paper consolidates much of the OECD’s work on fiscal federalism over the past 15 years, with a particular focus on OECD Economic Surveys. The paper identifies a range of good practices on the design of country policies and institutions related strengthening fiscal capacity delineating responsibilities across evels of government and improving intergovernmental co-ordination.

8-January-2019

English

OECD Economic Survey of the United States: Key Research Findings

This volume collects four studies that were prepared as background research to the 2018 OECD Economic Survey of the United States. Using micro-data survey responses, regional and sectorial data, these studies seek to provide insights into how employment responds to labour market disruption and the drivers of household financial vulnerability in the United States. This volume represents a collaborative effort by a team of OECD and academic researchers.

6-June-2018

English

Economic Survey of the United States 2018

Amid strong outlook for U.S. economy, risks abound

16-June-2016

English

OECD Economic Surveys: United States 2016

This 2016 OECD Economic Survey of the United States examines recent economic developments, policies and prospects. The special chapters cover:

4-June-2015

English

Comparing profit shares in value-added in four OECD countries: Towards more harmonised national accounts

Statistics Working Paper N. 61, 2015/3 - This article gives methodological guidance on how best to compare the share of profits in value-added across countries using national accounts. The four countries covered are France, Germany, Italy and the United States.

29-May-2015

English

Middle-class economics

In 2014, the US economy added more jobs than in any year since the 1990s. In fact, this longest streak of job growth on record has persisted into 2015. Inflation-adjusted wages are up by 1.4% annually over the last two years, more than twice the pace of the last recovery. But this is still not enough to make up for decades of subpar gains for middle-class families–a challenge shared by many other OECD economies.

28-August-2014

English

An exploration of the determinants of the subjective well-being of Americans during the Great Recession

This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective well-being reflected in the OECD Better Life Framework impact subjective well-being.

29-July-2014

English

US long term interest rates and capital flows to emerging economies

This paper studies the association between US long term interest rates and cycles of capital flows to emerging market economies (EMEs). It finds that, indeed, cycles in capital flows to EMEs are linked to global conditions, including global risk aversion and long term interest rates in the United States.

24-July-2014

English

Improving well-being in the United States

Life is quite good in the United States compared to other OECD countries, thanks to strong economic growth and technological progress having lifted average income to high levels. Nonetheless, there is evidence that the benefits from growth have not been sufficiently broad based.

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