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Pro-Productivity Institutions: Learning from National Experience

Author

Listed:
  • Sean Dougherty
  • Andrea Renda
Abstract
This article analyses and compares ten institutions that have a mandate to promote productivity-enhancing reforms. The selected bodies include government advisory councils, standing inquiry bodies, and ad hoc task forces. We find that well-designed pro-productivity institutions can generally improve the quality of the policy process and political debate, and can make a significant contribution to evidence-based policy-making. Our findings also support the view that concentrating knowledge and research on productivity in one independent, highly skilled and reputed body can help create the momentum and the knowledge that are required to promote long-term productivity growth. Institutions located outside government have more leeway in promoting reforms that challenge vested interests and produce results that go beyond the electoral cycle. Smart government bodies can allow experimental policy-making and a more adaptive, evidence-based policy process. To be successful, pro-productivity institutions require sufficient resources, skills, transparency and procedural accountability to fulfil their tasks; a sufficiently broad mission, oriented towards long-term well-being and with both supply-side and demand-side considerations; policy evaluation functions; and the ability to reach out to the general public in a variety of ways

Suggested Citation

  • Sean Dougherty & Andrea Renda, 2017. "Pro-Productivity Institutions: Learning from National Experience," International Productivity Monitor, Centre for the Study of Living Standards, vol. 32, pages 196-217, Spring.
    • Handle: RePEc:sls:ipmsls:v:32:y:2017:11
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    File URL: http://www.csls.ca/ipm/32/Dougherty_Renda%20Version%202.pdf
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    References listed on IDEAS

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    Cited by:

    1. Renda, Andrea, 2017. "How can Sustainable Development Goals be ‘mainstreamed’ in the EU’s Better Regulation Agenda?," CEPS Papers 12334, Centre for European Policy Studies.
    2. Dirk Pilat, 2023. "The Rise of Pro-Productivity Institutions: A Review of Recent Developments," International Productivity Monitor, Centre for the Study of Living Standards, vol. 44, pages 3-33, Fall.
    3. Pessino, Carola & Izquierdo, Alejandro & Vuletin, Guillermo, 2018. "Better Spending for Better Lives: How Latin America and the Caribbean Can Do More with Less," IDB Publications (Books), Inter-American Development Bank, number 9152, November.
    4. Wroński Marcin, 2019. "The productivity growth slowdown in advanced economies: causes and policy recommendations," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 55(4), pages 391-406, December.

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    More about this item

    Keywords

    Productivity; OECD; Policies; Global Productivity; Total Factor Productivity; Wages; academics; institutions; pro-productivity; government policy; capital; knowledge;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

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