What factors account for differences among countries in the share of resources invested in residential construction? One important factor is likely to be the stage of development, an index of a nation’s ability to mobilize resources for new housing. If so, is the size of the share systematically related to development stage? There has been some theorizing about such a relationship and its nature, supported by a modicum of statistical verification. And how important are demographic variables such as urbanization?
KeywordsResidential Building Development Level Capital Formation Beta Coefficient Average Annual Rate
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