How responsive are housing markets in the OECD? National level estimates

Organisation for Economic Co-operation and Development2026-04-11 收录

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The trend rise of house prices in many OECD countries suggests weakness in the adjustment of supply to demand. This paper estimates long-term elasticities of housing supply to prices in OECD countries before exploring their drivers with a focus on policies. It finds a significant association between weaker supply responsiveness and a proxy measure...