European Parliament Library

Norway :, Selected Issues

This paper focuses on Norway’s 2013 Article IV Consultation on economic policies to enhance long-term competitiveness. The success of the oil sector has created new competitiveness challenges. The IMF report states that rapid increases in oil wealth are also adding further pressures on the economy despite sound oil revenue management anchored by a fiscal rule. It also highlights that a slower rate of spending could better align the expected fiscal transfers with the expected long run aging- related costs that peak only after oil production is largely over
Table Of Contents
Cover; CONTENTS; LONG-TERM COMPETITIVENESS IN NORWAY; A. Introduction; FIGURES; Figure 1.1. Unit Labor Costs; B. Trade Structure; Figure 1.2. Structural Non Non-oil Deficit; Figure 1.3. Composition of Exports; Figure 1.4. Goods Trade Balances; Figure 1.5. Terms of Trade; Figure 1.6. Share of Tradable Sector in Gross Value Added; TABLES; Table 1.1. Norway: Exports Destination by Decade; C. Cost Competitiveness Measures and Labor Productivity; Figure 1.7. Norway Trading Partners Covering 90% of Trade; Figure 1.8. Real Effective Exchange Rates; Figure 1.9. REER REER-CPI based
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
Form Of Item

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