What is the role of the EDR Committee?
The work of the Economic Research and Economic Development Review Committee (EDR Committee) has evolved since the founding of the OECD in 1961, where research focused primarily on short-term macroeconomic development. Today, they are primarily focused on public policies that have the potential to improve the long-term performance of the economy and the standard of living of the population. There are multiple areas of action involved: labor market, competition, innovation, human capital, financial markets, sustainable development, environmental policy, social protection, corruption, taxation, health and public spending. Clarify the link between structural policies implemented in these various areas and macroeconomic performance: this is a hallmark of economic research.
Representatives from OECD countries and the European Commission will participate in the Commission. The final version of the study will be published under the responsibility of all members of the Commission, reflecting the conclusions jointly adopted by the OECD countries. Two members of the EDR Committee lead the committee’s review, often involving government or delegation experts. The country under consideration is represented by a delegation of senior officials.
What are the essential characteristics of economic research?
Each survey begins with a summary and table of key conclusions and recommendations, followed by a chapter entitled “Important Insights on Public Behavior” and one or two thematic chapters covered in detail. The purpose of the summary is to integrate the overall analysis that underlies the development of key recommendations. The purpose of these recommendations is to propose to countries considering a series of clear and constructive actions to improve the economy, based on solid analytical data. Next, the “Main Insights on Public Behavior” chapter builds / establishes strategic and analytical links between various major macroeconomic and structural themes. Finally, the thematic chapters provide a detailed investigation of specific structural issues.
How about an economic survey
The OECD Secretariat will prepare a draft economic survey about a year before the final edition is published. A team of two economists, a statistician and an assistant, will be responsible for this task in collaboration with other experts under the supervision of the department head. The geographic desk relies on international analysis conducted by the Faculty of Economics and other OECD departments. Thus, the research is inspired by cutting-edge policy analysis on a wide range of subjects. At the beginning of the process, a team of Secretariat members meet with numerous government representatives, scholars, social partners and other professionals to carry out organizing missions and gather information within the country. This time, the same team, led by senior ECO staff, will carry out strategic missions to discuss draft findings from the Secretariat with high-level decision makers such as the Minister of Finance, senior politicians, and central banks. Trade unions and employers’ federations.
How often are economic surveys published?
Economic surveys are published every 18-24 months for each OECD member country and for major partner countries in South Africa, Brazil, China, India and Indonesia. Investigations are also being conducted on the European Union and the Eurozone. Other studies have been published on an ad hoc basis in countries such as Bulgaria, Romania, Tunisia, and some Southeast Asian countries (Thailand, Malaysia, Vietnam).
How will the economic survey begin?
Once the draft economic survey has been reviewed by the EDR Commission and all views expressed during the meeting have been considered in the text, the survey is ready for publication. As a general rule, public dissemination takes place 6-8 weeks after the EDR Committee meeting. In most cases, the launch is guaranteed by the Secretary-General, Chief Economist, or ECO Director during a public press conference in Member States. At this event, key economic policy recommendations developed in the survey will be presented to key stakeholders such as senior politicians, journalists and scholars. The Secretary-General, Chief Economist, or ECO Director will also meet with senior political leaders at bilateral meetings to discuss the insights provided by the study. After the press conference, the Secretariat may host a technical seminar to present the conclusions of the study in more detail. On the publication date, you will find the OECD web page with links to economic research and annexes.
What is the role of the EDR Committee’s bureau and its extensions?
The Bureau of the EDR Committee consists of the Commission Chair and its two Vice-Chairs, and the Extended Bureau brings together the Bureau itself and the other six members of the Commission. Members of the station and extension stations are elected annually. These two organizations meet to review the Commission’s day-to-day operations and prepare proposals to be submitted to the Commission. As a general rule, these meetings are held two or three times a year.