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Reaping the Benefits of a Transition to Greener Growth in Slovakia

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  • Caroline Klein

    (OECD)

Abstract

The transition to a greener economy supported by international environmental commitments and national policies will entail structural changes in consumption patterns and industry structures, resulting in a reallocation of resources in and between countries. Slovakia will need to build an effective framework for green growth to maximise its chances of exploiting cleaner sources of growth and to seize the opportunities to develop new green industries, jobs, and technologies. This requires addressing environmental externalities (for example by extending environmental taxation and removing subsidies) and improving the adaptive capacities of the economy through eco innovation. Reforms to support innovation and R&D spending, such as making existing R&D public support more efficient, strengthening the protection of property rights and developing the venture capital market, are needed. Also, administrative entry barriers in the product market should be reduced, competition in energy markets fostered, and the tertiary education system reformed. This paper relates to the 2010 OECD Economic Review of the Slovak Republic (www.oecd.org/eco/surveys/slovakia). Concrétiser les avantages de la transition vers une croissance plus verte en Slovaquie La transition vers une économie plus verte en s'appuyant sur les engagements internationaux en matière d'environnement et les politiques nationales impliquera des évolutions structurelles des modes de consommation et des structures industrielles, processus qui entraînera un redéploiement des ressources dans et entre les pays. La Slovaquie devra mettre en place un cadre efficace pour verdir sa croissance afin de maximiser ses chances d'exploiter des sources de croissance plus propres et de développer des secteurs, des technologies et des emplois nouveaux et respectueux de l'environnement. Elle devra pour cela s'attaquer aux externalités environnementales (en augmentant la fiscalité environnementale et en éliminant des subventions, par exemple) et améliorer les capacités d'adaptation de l'économie via l'éco-innovation. Des réformes sont nécessaires pour soutenir l'innovation et les dépenses de R D, notamment rendre plus efficient l'allégement fiscal pour la R D, renforcer la protection des droits de propriété intellectuelle et développer le marché du capital-risque. En outre, il conviendrait d'abaisser les barrières administratives à l'entrée sur le marché des produits, de stimuler la concurrence sur les marchés de l'énergie et de réformer l'enseignement supérieur. Ce document se rapporte à l’Étude économique de la République slovaque 2010 (www.oecd.org/eco/etudes/slovaquie).

Suggested Citation

  • Caroline Klein, 2011. "Reaping the Benefits of a Transition to Greener Growth in Slovakia," OECD Economics Department Working Papers 905, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:905-en
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    File URL: http://dx.doi.org/10.1787/5kg22z0bt10s-en
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    More about this item

    Keywords

    changement climatique; climate change; croissance verte; green growth; innovation; innovation; Slovakia; Slovaquie;

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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