This paper presents new housing equation estimates for the major seven countries in INTERLINK, the OECD world econometric model. Theoretical and empirical aspects of housing investment behaviour are discussed in a model context. Estimation results using an adjustment model for the stock of...

Orthodox trade theory rests on a number of unrealistic assumptions which include, among others, constant returns to scale in production and perfect competition in product and factor markets. This has led many commentators to express strong skepticism about the policy conclusions flowing from the...

This paper describes an international sectoral data base, the ISDB, which has been created at the OECD as part of the continuing study of industrial structure and economic performance in OECD Member countries. This data base is one which relates primarily to sectoral output and factor resource...

The development of purchasing power parities as converters of national accounts aggregates to comparable volume figures is important for international economic comparisons. This study is primarily concerned with the aggregation of price relativities to basic heading level: that is, the level...

Agricultural support costs OECD countries billions of dollars per year in lost income. It is frequently argued, however, that this is not waste, but is rather a fair price to pay for a number of "non-economic" objectives such as thriving rural communities and increased national security. This...

The Compatible Trade and Production data base (COMTAP) consists of annual statistics on production, imports and exports of manufactured goods. The key feature of this data base is that both the production and trade statistics are classified according to the same nomenclature, namely, the...

This paper discusses the relative strengths and weaknesses of alternative solution methods in applied general equilibrium (AGE) analysis. The particular focus is not on the technical properties of solution algorithms, but instead deals with the general issue of using linearised approximation...

This paper examines the hypothesis that commodity price trends are useful indicators of OECD price developments. After a discussion of statistical techniques to assess the time series properties of individual price indices, integration and cointegration tests are conducted on a wide set of...

This paper examines the empirical basis for the debt-neutrality hypothesis in an international cross-section of eight major OECD countries over the period 1961-85. The analysis uses a dynamic demand system for durable and non-durable goods derived from individual optimizing behaviour. The model...