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Determinants of Housing Investment

  • Leland S. Burns
  • Leo Grebler

Abstract

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?

Keywords

Residential Building Development Level Capital Formation Beta Coefficient Average Annual Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 2.
    D. V. Donnison, The Government of Housing (Baltimore, Md.: Penguin, 1967), pp. 75–8.Google Scholar
  2. 3.
    S. Kuznets, ‘Quantitative Aspects of the Economic Growth of Nations, Part V, Capital Formation Proportions: International Comparisons for Recent Years’, Economic Development and Cultural Change, Part II (July 1960).Google Scholar
  3. 4.
    S. Kuznets, ‘Quantitative Aspects of the Economic Growth of Nations, Part VI, Long-Term Trends in Capital Formation Proportions’, Economic Development and Cultural Change, Part II (July 1961).Google Scholar
  4. 6.
    W. P. Strassmann, ‘The Construction Sector in Economic Development’, Scottish Journal of Political Economy, 17 (1970) p. 393.CrossRefGoogle Scholar
  5. 23.
    L. Grebler et al., Capital Formation in Residential Real Estate: Trends and Prospects (Princeton University Press, for the National Bureau of Economic Research, 1956), chapter ix.Google Scholar
  6. 3.
    K. Davis, World Urbanization, 1950–1970, Vol. 1: Basic Data for Cities, Countries and Regions, Population Monograph Series No. 4 (Berkeley: University of California, 1969).Google Scholar

Copyright information

© Leland S. Burns and Leo Grebler 1977

Authors and Affiliations

  • Leland S. Burns
    • 1
  • Leo Grebler
    • 1
  1. 1.University of CaliforniaLos AngelesUSA

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