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?
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Notes
D. V. Donnison, The Government of Housing (Baltimore, Md.: Penguin, 1967), pp. 75–8.
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).
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).
W. P. Strassmann, ‘The Construction Sector in Economic Development’, Scottish Journal of Political Economy, 17 (1970) p. 393.
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.
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).
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© 1977 Leland S. Burns and Leo Grebler
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Burns, L.S., Grebler, L. (1977). Determinants of Housing Investment. In: The Housing of Nations. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03045-3_2
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DOI: https://doi.org/10.1007/978-1-349-03045-3_2
Publisher Name: Palgrave Macmillan, London
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