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Major Trends in Capital Formation

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Capital formation in the United States has undergone dramatic changes since the 1960s, particularly for domestic capital-goods producers. Two of many (often related) trends are the overall slowdown in capital formation and the shift in the mix of capital goods being formed. A third major trend, only recently gaining prominence, is the expanding penetration of imported capital goods into domestic capital goods markets.

Capital formation in the United States has undergone dramatic changes since the 1960s, particularly for domestic capital-goods producers. Two of many (often related) trends are the overall slowdown in capital formation and the shift in the mix of capital goods being formed. A third major trend, only recently gaining prominence, is the expanding penetration of imported capital goods into domestic capital goods markets.


Suggested citation: Schnorbus, Robert H., 1985. "Major Trends in Capital Formation,” Federal Reserve Bank of Cleveland, Economic Commentary, 06.15.1985.

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