TY  - BOOK
AU  - Feldstein,Martin
ED  - National Bureau of Economic Research.
TI  - The Distribution of the U.S. Capital Stock Between Residential and Industrial Uses
T2  - NBER working paper series
PY  - 1980///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - February 1980; Hardcopy version available to institutional subscribers
N2  - The 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
UR  - https://www.nber.org/papers/w0448
UR  - http://dx.doi.org/10.3386/w0448
ER  -