Evidence that Capital Formation is Over-Estimated in ICP 2011
| dc.contributor.author | Breton, Theodore R. | |
| dc.contributor.eafitauthor | tbreton@eafit.edu.co | |
| dc.coverage.spatial | Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
| dc.date.accessioned | 2015-07-22T05:41:25Z | |
| dc.date.available | 2015-07-22T05:41:25Z | |
| dc.date.issued | 2015-07-22 | |
| dc.description.abstract | Using the ICP 2011’s cross-country data on input prices and project cost shares, I show that the construction prices in ICP 2011 are substantially underestimated in low and middle income countries. As a consequence, the PPP-adjusted construction in these countries is overestimated on average by about 100% and gross fixed capital formation as a share of GDP is overestimated by 25-30%. I also examine the ICP 2005 construction prices and show that there are similar problems with the ICP 2005 data. | eng |
| dc.identifier.jel | E30 | |
| dc.identifier.jel | O47 | |
| dc.identifier.uri | http://hdl.handle.net/10784/5508 | |
| dc.language.iso | eng | eng |
| dc.publisher | Universidad EAFIT | spa |
| dc.publisher.department | Escuela de Economía y Finanzas | spa |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | ICP 2011 | eng |
| dc.subject.keyword | ICP 2005 | eng |
| dc.subject.keyword | construction prices | eng |
| dc.subject.keyword | PPP | eng |
| dc.subject.keyword | construction data | eng |
| dc.subject.keyword | capital data | eng |
| dc.title | Evidence that Capital Formation is Over-Estimated in ICP 2011 | eng |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.local | Documento de trabajo de investigación | spa |
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