Research Catalog

Raising the Flexibility of the Slovak Economy during the Catch-Up Phase

Title: Raising the Flexibility of the Slovak Economy during the Catch-Up Phase [electronic resource] / Isabell Koske
Author: Koske, Isabell.
Publication: Paris : OECD Publishing, 2009.

Available Online

Full text online available onsite at NYPL

Details

Description

30 p.; 21 x 29.7cm.

Summary

As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence. To better cope with the risk of a too rapid pick up of wages during the convergence process on the one hand and to raise the adjustment potential of the economy to macroeconomic shocks on the other, labour and product market flexibility is essential. Three main areas for improvement are discussed in this chapter. First, wage flexibility should be safeguarded by avoiding significant increases in minimum wages and by abolishing legal extension of collective wage settlements. Second, competition needs to be strengthened, especially in the liberal professions where entry and conduct regulation should be eased. In addition, the points of single contact that already exist for small enterprises should be extended to entrepreneurs of the liberal professions. Third, a wider use of information and communication technology (ICT) could lead to important productivity gains. Removing obstacles to the spread of e-business and a swift implementation of e-government are imperative. This Working Paper relates to the 2009 OECD Economic Survey of the Slovak Republic.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.680

Uniform Title

OECD Economics Department Working Papers, no.680.

Subject

LCCN

10.1787/226268184666

OCLC

oecd-lib-004458

Author

Koske, Isabell.

Title

Raising the Flexibility of the Slovak Economy during the Catch-Up Phase [electronic resource] / Isabell Koske

Imprint

Paris : OECD Publishing, 2009.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.680

OECD Economics Department Working Papers, 1815-1973 ; no.680.

Connect to:

http://dx.doi.org/10.1787/226268184666

Indexed Term

Economics

Slovak Republic

Other Standard Identifier

10.1787/226268184666 doi

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