Evidence that Capital Formation is Over-Estimated in ICP 2011

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dc.contributor.authorBreton, Theodore R.
dc.contributor.eafitauthortbreton@eafit.edu.co
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date.accessioned2015-07-22T05:41:25Z
dc.date.available2015-07-22T05:41:25Z
dc.date.issued2015-07-22
dc.description.abstractUsing 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.jelE30
dc.identifier.jelO47
dc.identifier.urihttp://hdl.handle.net/10784/5508
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordICP 2011eng
dc.subject.keywordICP 2005eng
dc.subject.keywordconstruction priceseng
dc.subject.keywordPPPeng
dc.subject.keywordconstruction dataeng
dc.subject.keywordcapital dataeng
dc.titleEvidence that Capital Formation is Over-Estimated in ICP 2011eng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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