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The responsiveness of housing supply to changes in prices bears important implications for the evolution of housing prices and the speed of adjustment of housing markets.
This paper presents a framework to assess the impact of a wide range of structural policy reforms on GDP per capita at various horizons by linking together previous empirical studies mostly carried out by the OECD.
The housing market figures among the main determinants of labour mobility, as households seldom make employment and housing decisions independently of each other.
The Dutch occupational pension system has been successful in securing high asset accumulation to fund generous pension promises.
Closing the income gap with the OECD and enhancing distribution of growth requires reforms in many fronts. Better functioning labour and product markets and investment in skills and infrastructure would boost productivity, while well-designed social and education policies can reduce inequalities
The extent of competition in product markets is an important determinant of economic growth in both developed and developing countries.
This paper analyses the factors influencing the level and volatility of real house prices in a panel of OECD countries over the period 1980-2005.
In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector.
Turkey is recovering from a severe recession. Once growth gains full speed, the authorities will likely face the challenge of widening external imbalances and of ensuring a smooth functioning of the financial markets.
Workshop: Structural Reforms, Crisis Exit Strategies and Growth Co-sponsored by OECD and Banque de France, 9-10 December 2010 Cercle Républicain, 5 avenue de l’Opéra, 75001 Paris