of non-residential investment. In addition, GDP, consumption, and both types of investment co-move positively. We … output in all industries are positively correlated, and are most volatile in construction. Keywords: Residential investment … (such as residential structures and business capital) is positively correlated. Second, residential investment is more than …

In the United States, the percentage standard deviation of residential investment is more than twice that of non-residential … intensive, residential investment is relatively construction intensive, and housing depreciates much more slowly than business … capital. Previous empirical work exploring the determinants of residential investment is re-examined in light of the models …

construction. Keywords: Residential investment; Co-movement; Home production; Multi- sector models JEL classification: E32, R21, R … part is not marketed. Third, residential investment and non-residential investment exhibit different business cycle dynamics … structures co-moves with investment in business capital. Second, residential investment is more than twice as volatile as …

of non-residential investment. In addition, GDP, consumption, and both types of investment co-move positively. We … output in all industries are positively correlated, and are most volatile in construction. Keywords: Residential investment … (such as residential structures and business capital) is positively correlated. Second, residential investment is more than …