2015
DOI: 10.1787/5js03hkvxhmr-en
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Productivity Spillovers from the Global Frontier and Public Policy

Abstract: Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. ECO/WKP(2015)56 Unclassified English-Or. English ECO/WKP(2015)56 2 OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed… Show more

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Cited by 15 publications
(14 citation statements)
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“…Productivity growth, via more effective learning from the global frontier, is supported by a policy framework that promotes efficient resource allocation and is a positive function of its degree of international connectedness, ability to allocate skills efficiently and investments in knowledge based capital, including managerial capital and R&D (Saia, Andrews and Albrizio, 2015). Spain lags behind in a number of these structural factors and policies, including skill mismatches, managerial quality and innovation policies (Figure ).…”
Section: Raising the Ability Of Regions To Benefit From Spilloversmentioning
confidence: 99%
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“…Productivity growth, via more effective learning from the global frontier, is supported by a policy framework that promotes efficient resource allocation and is a positive function of its degree of international connectedness, ability to allocate skills efficiently and investments in knowledge based capital, including managerial capital and R&D (Saia, Andrews and Albrizio, 2015). Spain lags behind in a number of these structural factors and policies, including skill mismatches, managerial quality and innovation policies (Figure ).…”
Section: Raising the Ability Of Regions To Benefit From Spilloversmentioning
confidence: 99%
“…The range indicates the country with the lowest (highest) value for the given structural variable or policy in a given reference year. Source: OECD calculations based on Saia et al (2015).…”
Section: Box 5 Firm Productivity Convergence In Spainmentioning
confidence: 99%
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“…These estimates might represent a lower bound as some reforms or aspects of reforms are not quantified, because this cannot be done in the current framework. For example, the quantification of the August 2015 changes in bankruptcy procedures cover the changes in the allocative efficiency and ability to catch up to the technology frontier (Saia, et al, 2015). However, the estimates do not take into account the effects of the reforms on resolving the large non-performing loans in the banking system, which would free resources to more productive activities and enable banks to start extending more credit.…”
Section: Structural Reforms Will Lift Outputmentioning
confidence: 99%
“…This reduces productivity by keeping labour and capital locked into low productivity firms ( Figure 10). It also reduces the speed at which the economy absorbs technological progress at the frontier (Saia et al, 2015). Greece has historically underperformed in all relevant dimensions of an efficient bankruptcy regulation: costs, time involved in the procedures and the outcome in terms of the recovery rates, despite important changes in bankruptcy regulation in 2007 and some improvements in recent times, such as the elimination of a cumbersome conciliation procedure in 2013 ( Figure 11).…”
Section: More Efficient Bankruptcy Procedures Will Help Boost Productmentioning
confidence: 99%