Long-Term Growth Scenarios:
This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is compared...
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| Main Author: | |
|---|---|
| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2013
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | kostenfrei |
| Summary: | This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is compared with variant scenarios assuming deeper policy reforms. One main finding is that growth of the non-OECD G20 countries will continue to outpace OECD countries, but the difference will narrow substantially over coming decades. In parallel, the next 50 years will see major changes in the composition of the world economy. In the absence of ambitious policy changes, global imbalances will emerge which could undermine growth. However, ambitious fiscal consolidation efforts and deep structural reforms can both raise long-run living standards and reduce the risks of major disruptions to growth by mitigating global imbalances |
| Physical Description: | 1 Online-Ressource (90 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k4ddxpr2fmr-en |
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| language | English |
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| spelling | Johansson, Åsa Verfasser aut Long-Term Growth Scenarios Åsa Johansson ... [et al] = Scénarios de croissance à long terme / Åsa Johansson ... [et al] Scénarios de croissance à long terme Paris OECD Publishing 2013 1 Online-Ressource (90 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is compared with variant scenarios assuming deeper policy reforms. One main finding is that growth of the non-OECD G20 countries will continue to outpace OECD countries, but the difference will narrow substantially over coming decades. In parallel, the next 50 years will see major changes in the composition of the world economy. In the absence of ambitious policy changes, global imbalances will emerge which could undermine growth. However, ambitious fiscal consolidation efforts and deep structural reforms can both raise long-run living standards and reduce the risks of major disruptions to growth by mitigating global imbalances Economics Guillemette, Yvan ctb Murtin, Fabrice ctb Turner, David ctb https://doi.org/10.1787/5k4ddxpr2fmr-en Verlag kostenfrei Volltext |
| spellingShingle | Johansson, Åsa Long-Term Growth Scenarios Economics |
| title | Long-Term Growth Scenarios |
| title_alt | Scénarios de croissance à long terme |
| title_auth | Long-Term Growth Scenarios |
| title_exact_search | Long-Term Growth Scenarios |
| title_exact_search_txtP | Long-Term Growth Scenarios |
| title_full | Long-Term Growth Scenarios Åsa Johansson ... [et al] = Scénarios de croissance à long terme / Åsa Johansson ... [et al] |
| title_fullStr | Long-Term Growth Scenarios Åsa Johansson ... [et al] = Scénarios de croissance à long terme / Åsa Johansson ... [et al] |
| title_full_unstemmed | Long-Term Growth Scenarios Åsa Johansson ... [et al] = Scénarios de croissance à long terme / Åsa Johansson ... [et al] |
| title_short | Long-Term Growth Scenarios |
| title_sort | long term growth scenarios |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5k4ddxpr2fmr-en |
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