Fostering Productivity for Income Convergence in the Czech Republic:
Over the past two decades, the income level of the Czech Republic has converged considerably towards the OECD average. However, after the 2008 global crisis, the convergence process stalled. Shortfalls in labour productivity have developed and are mainly structural. Policies are needed to foster dom...
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| Main Author: | |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2017
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | Over the past two decades, the income level of the Czech Republic has converged considerably towards the OECD average. However, after the 2008 global crisis, the convergence process stalled. Shortfalls in labour productivity have developed and are mainly structural. Policies are needed to foster domestic sources of productivity growth. Better targeting of government R&D support and more focused innovation policies that would be aided by a streamlining of policy institutions and interventions are necessary. In particular, tailored policies to increase knowledge-based capital (skills, management capacity, collaboration, etc.) are necessary to increase Czech firms' productivity. Also, resource reallocation should be facilitated by reforming framework conditions. In particular, bankruptcy rules, competition and regulation policies, access to finance and SME taxation need to be improved to boost SMEs' growth and productivity |
| Physical Description: | 1 Online-Ressource (51 Seiten) |
| DOI: | 10.1787/4607b955-en |
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| spelling | Fall, Falilou Verfasser aut Fostering Productivity for Income Convergence in the Czech Republic Falilou Fall and Christine Lewis = Stimuler la productivité pour favoriser la convergence des revenus dans la République tchèque / Falilou Fall et Christine Lewis Stimuler la productivité pour favoriser la convergence des revenus dans la République tchèque Paris OECD Publishing 2017 1 Online-Ressource (51 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Over the past two decades, the income level of the Czech Republic has converged considerably towards the OECD average. However, after the 2008 global crisis, the convergence process stalled. Shortfalls in labour productivity have developed and are mainly structural. Policies are needed to foster domestic sources of productivity growth. Better targeting of government R&D support and more focused innovation policies that would be aided by a streamlining of policy institutions and interventions are necessary. In particular, tailored policies to increase knowledge-based capital (skills, management capacity, collaboration, etc.) are necessary to increase Czech firms' productivity. Also, resource reallocation should be facilitated by reforming framework conditions. In particular, bankruptcy rules, competition and regulation policies, access to finance and SME taxation need to be improved to boost SMEs' growth and productivity Economics Czech Republic Lewis, Christine ctb https://doi.org/10.1787/4607b955-en Verlag kostenfrei Volltext |
| spellingShingle | Fall, Falilou Fostering Productivity for Income Convergence in the Czech Republic Economics Czech Republic |
| title | Fostering Productivity for Income Convergence in the Czech Republic |
| title_alt | Stimuler la productivité pour favoriser la convergence des revenus dans la République tchèque |
| title_auth | Fostering Productivity for Income Convergence in the Czech Republic |
| title_exact_search | Fostering Productivity for Income Convergence in the Czech Republic |
| title_exact_search_txtP | Fostering Productivity for Income Convergence in the Czech Republic |
| title_full | Fostering Productivity for Income Convergence in the Czech Republic Falilou Fall and Christine Lewis = Stimuler la productivité pour favoriser la convergence des revenus dans la République tchèque / Falilou Fall et Christine Lewis |
| title_fullStr | Fostering Productivity for Income Convergence in the Czech Republic Falilou Fall and Christine Lewis = Stimuler la productivité pour favoriser la convergence des revenus dans la République tchèque / Falilou Fall et Christine Lewis |
| title_full_unstemmed | Fostering Productivity for Income Convergence in the Czech Republic Falilou Fall and Christine Lewis = Stimuler la productivité pour favoriser la convergence des revenus dans la République tchèque / Falilou Fall et Christine Lewis |
| title_short | Fostering Productivity for Income Convergence in the Czech Republic |
| title_sort | fostering productivity for income convergence in the czech republic |
| topic | Economics Czech Republic |
| topic_facet | Economics Czech Republic |
| url | https://doi.org/10.1787/4607b955-en |
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