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years housing construction had not kept pace with increases in the number of households. In response to these developments … and a contraction in construction activity. Recent price developments are not the only economic issue in Israeli housing …. As in a number of other OECD countries, housing policies favour home ownership through tax settings and subsidies for …
Persistent link: https://www.econbiz.de/10009386331
price correction in these segments spills over into other markets. The country benefits from a sound and effective housing … on loan losses would better align private and social interests. There may be a shortage of rental housing in several … and increase incentives for private-sector development of affordable housing. This Working Paper relates to the 2014 OECD …
Persistent link: https://www.econbiz.de/10011276860
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...
Persistent link: https://www.econbiz.de/10011276950
. Because of the important role housing wealth has been playing during the current upswing, this paper will look more closely at … shedding some light on whether or not prices are in line with fundamentals. The paper begins by putting the most recent housing … benchmarks. It concludes with a review of the links between a possible correction of housing prices and real activity. The main …
Persistent link: https://www.econbiz.de/10005045590
Despite a high level of homeownership, the housing market in Poland is suffering from an important shortage. The … dimensions of the problem, various housing policies implemented since the beginning of the transition process have aimed to fill … the housing gap, though they have been either narrow in scope or have led to unclear results. However, the housing market …
Persistent link: https://www.econbiz.de/10005045604
Labour productivity growth in the service sector, which accounts for 70% of Japan’s economic output and employment, has slowed markedly in recent years in contrast to manufacturing. The disappointing performance is associated with weak competition in the service sector resulting from strict...
Persistent link: https://www.econbiz.de/10005045767
Labour productivity growth in the service sector has been low relative to manufacturing. This is explained in part by weak competition in services resulting from strict product market regulation and the low level of import penetration and inflows of foreign direct investment (FDI). Increasing...
Persistent link: https://www.econbiz.de/10005045815
The Irish housing market is very buoyant. The housing boom is driven by strong economic growth, dynamic demographics … advantages associated with housing. In addition, banks should remain cautious in their lending and provisioning policies …
Persistent link: https://www.econbiz.de/10005045971
-wide basis has been modest compared to other OECD countries. The planned expansion in housing construction in the capital region … an efficient housing market, relying more on private-sector supply. Concern about increasing concentration in the capital …
Persistent link: https://www.econbiz.de/10005046240
Housing markets have played a prominent role in macroeconomic developments over recent years. For a great part of the … 2000s, buoyant housing markets have contributed to sustained economic activity in most OECD countries. But many markets …. Against this background, this paper: i) documents housing market developments in 18 OECD countries since the 1970s, putting …
Persistent link: https://www.econbiz.de/10008480480