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The Growth of Residential Capital Since World War II
Author(s) -
Grebler Leo
Publication year - 1979
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.t01-24-00201
Subject(s) - economics , capital (architecture) , world war ii , development economics , monetary economics , geography , archaeology
The growth rate of residential capital in constant dollars shows a downward trend. Its decline since the early postwar years conforms broadly to the growth retardation found in an earlier study for the 1890–1950 period. The article analyzes the forces associated with the slowing rate of real capital increase in 1945–77 and concludes that they differed substantially from those operative in the earlier era. The growth patterns of residential and of fixed business capital since World War II have been quite dissimilar and generally in disfavor of the residential sector.