The Distribution of the U.S. Capital Stock Between Residential and Industrial Uses
AbstractThe purpose of the present study is to measure the extent to which an increase in the total capital stock induces an increase in the stock of residential capital, i.e., to measure the marginal propensity of additional capital to be absorbed in residential capital. A knowledge of this propensity is important to evaluate the national return on additional saving and to understand the impact that an increased capital stock could have on labor productivity and on the composition of national output. The present paper provides both a theoretical and an empirical examination of this question.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 19 (1981)
Issue (Month): 1 (January)
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Other versions of this item:
- Martin Feldstein, 1980. "The Distribution of the U.S. Capital Stock Between Residential and Industrial Uses," NBER Working Papers 0448, National Bureau of Economic Research, Inc.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Polinsky, A Mitchell, 1977. "The Demand for Housing: A Study in Specification and Grouping," Econometrica, Econometric Society, vol. 45(2), pages 447-61, March.
- Hendershott, Patric H & Hu, Sheng Cheng, 1983.
" The Allocation of Capital between Residential and Nonresidential Uses: Taxes, Inflation and Capital Market Constraints,"
Journal of Finance,
American Finance Association, vol. 38(3), pages 795-812, June.
- Patric H. Hendershott & Sheng Cheng Hu, 1983. "The Allocation of Capital Between Residential and Nonresidential Uses: Taxes, Inflation and Capital Market Constraints," NBER Working Papers 0718, National Bureau of Economic Research, Inc.
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