Productivity is about “working smarter”, rather than “working harder”. It reflects our ability to produce more output by better combining inputs, owing to new ideas, technological innovations and business models. Innovations such as the steam engine, electrification and digitisation have led to radical changes in the production of goods and services, raising living standards and well-being.Read more
Productivity and employment are key policy issues. Gauging which kind of firms thrive or struggle within countries is crucial to understand differences in aggregate productivity and employment across countries. The Science, Technology and Innovation Directorate leads the DYNEMP and MULTIPROD projects to provide cross-country comparable evidence for policy making in these areas.Read more
The role of policy evaluation is to assess the efficiency and effectiveness of public policy interventions, assessing the balance between benefits and costs. In times of constrained public finances and reduced levels of productivity growth, there is a premium on ensuring the most efficient design of public policies. This is particularly true of industrial, innovation, and entrepreneurship policies, which have not generally been subject to rigorous policy evaluation in the past.Read more
Industry, Entrepreneurship and Productivity
In a world where production is fragmented into truly global value chains, how can economies ensure competitiveness and move up the value chain? What does firm-level data tell us about the roles of creative destruction, start-ups and young firms on employment and productivity? How should countries harness the next production revolution ushered in by advances in ICTs, 3D printing, and biotech, and nanotech and other emerging technologies?
The OECD work on industry, entrepreneurship and productivity aims to help governments find answers to these questions, and identify the right policies and structural reforms to foster new areas of potential growth, and encourage job creation and innovation. The OECD also supports in-depth sectoral analysis on steel and shipbuilding.