The Friday fish

A weekly catch from behind the headlines on
OECD Observer

No 7: Climate change; Mitigating costs; Measuring Innovation: A New Perspective; No guarantee; Tax and jobs; Limiting export restrictions on rare earths; Development plea; Forgotten regions; Healthy comparisons 

Climate change?

The UN Climate Change Conference in Doha (COP 18) ended today 7 December. The OECD was there in force, mainly to promote financing aspects of mitigation. This brochure explains the issues. More…

And this International Energy Agency (IEA) document describes how carbon markets could be made to work.

Mitigating costs

Innovation is of key importance for climate change mitigation as long as costs are contained. Energy and Climate policy, Bending the technological trajectory calls for "green innovation" without the risk of locking economies into relatively costly mitigation paths.

Measuring Innovation: A New Perspective

This volume builds on 50 years of indicator development by OECD and goes beyond R&D to describe the broader context in which innovation occurs. It includes experimental indicators that provide insight into new areas of policy interest. More…

No guarantee

Markets are a lot less shaken by financial crises when they think the government is ready to come to the rescue. But the OECD believes that providing implicit guarantees on bank bonds are not exactly how we expect financial markets to operate. This report by Sebastian Schich and Byoung-Hwan Kim finds that guarantees for bank debt persist even though bondholders rarely suffer losses when things go wrong. More…

Tax and jobs

Taxes on labour income–including social security payments–make up about half of total tax revenues in OECD countries. That's a hefty share, and an important one in crunch times like now when lowering deficits and debt is so important. This publication examines how taxation affects employment and unemployment, and how government policies can help reduce the bite they take from your paycheck. More…

Limiting export restrictions on rare earths

Businesses and governments are concerned by the recent trends in export restrictions on strategic raw materials like rare earths, metals and food commodities. OECD is working to bring more transparency and discipline to the use of these restrictions: this web page gathers this work, including the interactive Inventory of Restrictions on Exports of Raw Materials, which reports export taxes, prohibitions, licensing requirements and other measures to regulate the export of industrial raw materials.

Development plea

World inequality is increasing and 1.4 billion people still live in absolute poverty. These concerns brought together ministers of developed and emerging countries in London for a major meeting of the OECD's Development Assistance Committee (DAC), on 4-5 December. See more

Forgotten regions

Why don't governments invest in underdeveloped regions rather than focusing only on a few main engines of growth? Underdeveloped regions have significant untapped potential for growth while some rural regions have enjoyed faster growth than predominantly urban regions. Promoting Growth in All Regions provides 23 case studies from OECD countries to prove it. A good read that challenges pre-held views about regional development.

Healthy comparisons

If you are interested in health care and enjoy comparing costs and data between countries, don't miss this Eurostat/OECD project to calculate Purchasing Power Parities (PPPs) on the basis of hospital output prices. More…

The Friday fish #7 ©OECD Observer, 7 December 2012

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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