The rate of commercial construction in a cross-section of American cities, 1957-1958

Joseph L. Bower

ResearchPublished 1963

Discussion of an econometric study of investment in commercial construction in the United States during 1957 and 1958. The Memorandum develops a structural model of the two principal sectors of the commercial-construction industry (office buildings and retail stores) and fits the model to data describing office construction in 13 standard metropolitan statistical areas (SMSAs) and store construction in 18 SMSAs. Several problems with the data, precluding a statistically successful conclusion, are discussed and suggestions made on how they might be resolved in future work.

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Bower, Joseph L., The rate of commercial construction in a cross-section of American cities, 1957-1958. Santa Monica, CA: RAND Corporation, 1963. https://www.rand.org/pubs/research_memoranda/RM3904.html.
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