This paper, prepared by the OECD and the Development Research Center under the State Council of the People’s Republic of China (DRC), discusses principles for reforming the Chinese railway, based on experience of rail reform in OECD countries. This paper draws on materials presented at a...

Does deregulation reduce rail safety? Many countries have envisaged or implemented pro-competitive regulatory reforms of their rail sectors. Concerns have been voiced regarding the impact of these reforms on rail safety performance, especially in cases of reforms that have privatised or...

This review of regulatory reform in Russia covers the overall economic context for regulatory reform, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness. The review also examines specifically the regulatory framework in the...

House prices have been moving up strongly in real terms since the mid-1990s in the majority of OECD countries, with the ongoing upswing the longest of its kind in the OECD area since the 1970s. If interest rates were to rise significantly, real house prices may be at risk of nearing a peak. The...