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Economic Commentary

Major Trends in Capital Formation

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.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Schnorbus, Robert. 1985. “Major Trends in Capital Formation.” Federal Reserve Bank of Cleveland, Economic Commentary 6/15/1985.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International