Is a country’s ability to generate and distribute income determined by its productive structure? Decades ago Simon Kuznets proposed an inverted-u-shaped relationship describing the connection between a country’s average level of income and its level of income inequality. More...
Societies and economies are complex systems, but the theories used to inform economic policies predominantly neglect complexity. They assume for example representative agents such as a typical consumers, and they also assume that the future is risky rather than uncertain. More...
Posted . Productivity is the ultimate engine of growth in the global economy, but there has been an increasing concern about weak productivity growth in recent years. A key recent OECD work, the Future of Productivity implies that inefficient firms increasingly linger as opposed to exit the market, despite their inability to adopt new technologies. More...
Posted . The growth pattern of OECD countries and their sub-national entities is puzzling. Between-country differences in GDP per capita are declining, yet the differences across jurisdictions within those countries tend to rise. Put in other words, countries’ GDP converges, while the output of their sub-national jurisdictions tends to diverge. More...
A complicated system (such as a car) can be disassembled and understood as the sum of its parts. In contrast, a complex system (such as traffic) exhibits emergent characteristics that arise out of the interaction between its constituent parts. More...
Over the last two centuries there has been a growing acceptance of social and political liberalism as the desirable basis for societal organisation. More...
The construction industry employs approximately 7% of the global work force and it is predicted to account for approximately 13% of GDP by 2020. The sector is a major positive force for development. More...
By . Bees are bringing in big bucks to B.C.’s economy, generating $500 million in activity, according to a new report by Vancity credit union.
The report, called Sweet Deal: The value of bees to B.C.’s economy, found that while retail sales for B.C. honey doubled from $8 million to $16 million between 2014 and 2015, the primary benefit of bees to our economy is a result of pollination, valued at $468 million annually. More...
Par . Beaucoup prédisent l’uberisation générale de l’économie : de grandes plateformes mettent directement en contact l’offreur de bien, service ou expérience avec son client. Voir l'article...
This paper provides new evidence on the development of online platforms and explores the emergence of new forms of work in the digital economy. Following the rise of platforms that match demand and supply of goods (e-commerce) and information (search, social networks), platform markets for services traded over the Internet (the "x"-economy) have grown exponentially in recent years. The paper analyses how online platforms affect the organisation of markets and work; discusses related opportunities and challenges for individuals participating in such markets; presents analysis of trends and effects of non-standard work in OECD countries; and identifies policy issues related to new forms of work. More...
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