OECD Economic Surveys: Australia 2017

Business & Finance, Economics
Cover of the book OECD Economic Surveys: Australia 2017 by Collectif, OECD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Collectif ISBN: 9789264271517
Publisher: OECD Publication: March 2, 2017
Imprint: OECD Language: English
Author: Collectif
ISBN: 9789264271517
Publisher: OECD
Publication: March 2, 2017
Imprint: OECD
Language: English

Australia’s economy has enjoyed considerable success in recent decades, reflecting strong macroeconomic policy, structural reform and the long commodity boom. Living standards and well-being are generally high, though challenges remain in gender gaps and in GHG emissions. The economy is now rebalancing following the end of the commodity boom, supported by an accommodative macroeconomic stance and currency depreciation. The strengthening non-mining sector is projected to support output growth and spur further reductions in unemployment. Low interest rates have supported aggregate demand but are ramping up investor risk taking and putting pressure on the housing market.
Improving competition and other framework conditions that influence the absorption and development of innovation are key for restoring productivity growth. Innovation requires labour and capital markets that facilitate new business models. Productivity growth could be boosted through stronger collaboration between business and research sectors in R&D activity.
Australia’s adjustment to the end of the commodity boom has not been painless. Unemployment has risen, and inequality is rising. In addition, large socioeconomic gaps between Australia's indigenous community and the rest of the population remain. Developing innovation-related skills will be important for the underprivileged and those displaced by economic restructuring and can help reduce gender wage gaps.

SPECIAL FEATURES: INNOVATION-DRIVEN PRODUCTIVITY; BOOSTING R&D OUTCOMES

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Australia’s economy has enjoyed considerable success in recent decades, reflecting strong macroeconomic policy, structural reform and the long commodity boom. Living standards and well-being are generally high, though challenges remain in gender gaps and in GHG emissions. The economy is now rebalancing following the end of the commodity boom, supported by an accommodative macroeconomic stance and currency depreciation. The strengthening non-mining sector is projected to support output growth and spur further reductions in unemployment. Low interest rates have supported aggregate demand but are ramping up investor risk taking and putting pressure on the housing market.
Improving competition and other framework conditions that influence the absorption and development of innovation are key for restoring productivity growth. Innovation requires labour and capital markets that facilitate new business models. Productivity growth could be boosted through stronger collaboration between business and research sectors in R&D activity.
Australia’s adjustment to the end of the commodity boom has not been painless. Unemployment has risen, and inequality is rising. In addition, large socioeconomic gaps between Australia's indigenous community and the rest of the population remain. Developing innovation-related skills will be important for the underprivileged and those displaced by economic restructuring and can help reduce gender wage gaps.

SPECIAL FEATURES: INNOVATION-DRIVEN PRODUCTIVITY; BOOSTING R&D OUTCOMES

More books from OECD

Cover of the book Natural Tracer Profiles Across Argillaceous Formations by Collectif
Cover of the book OECD Economic Surveys: Japan 2009 by Collectif
Cover of the book Services Trade Policies and the Global Economy by Collectif
Cover of the book OECD Economic Surveys: Iceland 2009 by Collectif
Cover of the book Trade Facilitation and the Global Economy by Collectif
Cover of the book Naturalisation: A Passport for the Better Integration of Immigrants? by Collectif
Cover of the book Regions Matter by Collectif
Cover of the book Measuring Innovation by Collectif
Cover of the book OECD Environmental Performance Reviews: Luxembourg 2010 by Collectif
Cover of the book Pensions at a Glance 2009 by Collectif
Cover of the book Education for a Bright Future in Greece by Collectif
Cover of the book Focus on Citizens by Collectif
Cover of the book OECD Reviews of Innovation Policy: Korea 2009 by Collectif
Cover of the book Supporting Investment Policy and Governance Reforms in Iraq by Collectif
Cover of the book OECD Economic Surveys: Euro Area 2010 by Collectif
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy