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PISA and growth. PISA and growth Competition and growth: empirical relationship.

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Presentation on theme: "PISA and growth. PISA and growth Competition and growth: empirical relationship."— Presentation transcript:

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2 PISA and growth

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5 Competition and growth: empirical relationship

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8 Enhancing productivity growth in advanced countries
- Liberalization of product market - Investment in higher education - Liberalization of labor market

9 Enhancing productivity growth in emerging market economies
Foster technology transfers Reallocate factors Improve management practices

10 Wide variation in management: US and Japan leading, developing nations trailing (includes 2013 wave)

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13 Long run growth effect of1000$ per-person spending on education

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15 Two productivity growth waves

16 Secular stagnation? Dale Jorgenson Europe Missing Growth

17 Sweden versus Japan

18 Country-specific productivity breaks
Reformers Netherlands: Wassenaard agreement, 1982 TFP growth : ,5 %, ,5 % Canada, reforms initiated in early 1990s TFP growth: ,3 %, ,1 % Australia, reforms initiated in early 1990s TFP growth: ,4 %, ,4 % Sweden, reforms initiated in early 1990s TFP growth: ,4 %, ,9 %

19 Secular stagnation? Dale Jorgenson Europe Missing Growth

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23 Growth enigmas The middle income trap The debate on secular stagnation
Innovation, inequality and social mobility

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27 Link between the age and the size of firms

28 Distribution of firms productivity


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