Pro-Productivity institutions at work: Country practices and new insights on their set-up and functioning

Filippo Cavassini, Chiara Criscuolo, Francesca Papa and Fatima Talidi

No 32, OECD Productivity Working Papers from OECD Publishing

Abstract: In the face of slowing productivity growth, a number of OECD countries have set up pro-productivity institutions to produce objective evidence and data on productivity trends and growth drivers and help inform pro-productivity policies and interventions. The paper presents a new analytical framework to analyse the key characteristics of these pro-productivity institutions. The framework draws on a comprehensive stocktaking of pro-productivity institutions and applied policy advice work aimed at supporting capabilities and mutual learning across these institutions. The paper finds that pro-productivity institutions rely on a variety of set-ups and approaches to contribute to pro-productivity policies. Despite this variety, the paper does point to some lessons that can help pro-productivity institutions to continuously strengthen their capabilities. In particular, the paper highlights the importance of guaranteeing the analytical independence of pro-productivity institutions and access to micro-level data on firms and workers to inform policies and interventions with objective data and evidence. The paper opens a new line of research on the political economy of productivity policies that can support countries ensure the effective implementation of policies aimed at enhancing incomes and living standards.

JEL-codes: D02 D04 D24 E24 J24 O47 (search for similar items in EconPapers)
Date: 2022-08-16
New Economics Papers: this item is included in nep-eff and nep-lma
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