Transcription of RECENT DEVELOPMENTS IN THE AUTOMOBILE …
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RECENT DEVELOPMENTS IN THE AUTOMOBILE …
Please cite this paper as: OECD 2011, RECENT DEVELOPMENTS in the AUTOMOBILE industry , OECD Economics Department Policy Notes, No. 7. Economics Department Organisation for Economic Co-operation and development ECONOMICS DEPARTMENT POLICY NOTE No. 7 RECENT DEVELOPMENTS IN THE AUTOMOBILE INDUSTRY 1 RECENT DEVELOPMENTS in the AUTOMOBILE Industry The AUTOMOBILE industry plays an important role in overall business cycle DEVELOPMENTS . Although the industry accounts for only a small share of industrial output in most OECD economies (around 5 per cent in the median OECD economy), it is comparatively volatile and can thus, at times, make a large contribution to aggregate fluctuations in economy-wide activity.
1 Recent Developments in the Automobile Industry The automobile industry playsan important role in overall business cycle developments. Although the
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