OECD Economics Department Working Papers

The Price Responsiveness of Housing Supply in OECD Countries

http://dx.doi.org/10.1787/5kgk9qhrnn33-en

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 estimates the long-run price elasticity of new housing supply in 21 OECD countries based on a stock-flow model of...



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