ENGLISH

OECD economic surveys Sweden July 2021

Book information

Year
2021
ISBN
9789264952768, 9264952764
Language
english
Format
PDF
Filesize
3 MB (3611583 bytes)
Series
[Economics]
Pages
\108
Time added
2021-10-17 12:38:36

Description

Basic Statistics fo Sweden, 2019 Executive summary The pandemic has taken a heavy toll Policy needs to lay the foundations for a sustainable recovery Regional disparities are widening 1 Key policy insights COVID-19 has hit the economy hard Vaccines bring hope for a gradual return to normality Growth is picking up but uncertainty remains high Extensive policy support has mitigated the impact of the crisis Public finances are robust but debt will rise with population ageing Monetary and financial policy has buttressed the financial system Some financial vulnerabilities remain Weak money laundering controls have been an issue in some banks’ foreign subsidiaries Facilitating resource reallocation is essential for the recovery Education policy measures are starting to bear fruit but challenges remain Structural reforms could boost long-term growth Wider diffusion of digitalisation would boost productivity The green economy offers new growth opportunities References 2 Keeping regional inequality in check Regional inequalities are increasing albeit from a low level Sweden is among the most decentralised OECD countries The equalisation system compensates most differences in tax capacity and costs Regions and municipalities face diverse challenges The central government is increasing its support to municipalities and regions Digitalisation offers opportunities to enhance public service delivery Promoting regional growth and employment is essential Recommendations to contain the rise in regional inequality References Annex 2.A. Regional differences in productivity in Sweden: insights from OECD regions Productivity across Swedish regions Regional differences in productivity are relatively small in OECD comparison Connectivity reflects wide variations in population density Knowledge-intensive activities are geographically concentrated Research and education levels are higher in the large metropolitan areas What factors are associated with high productivity across OECD regions? Data Panel regressions The results suggest the relevance of the following factors for regional productivity: References

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