2015-07-222015-07-22http://hdl.handle.net/10784/5508Using 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.engworkingPaperinfo:eu-repo/semantics/openAccessICP 2011ICP 2005construction pricesPPPconstruction datacapital dataAcceso abierto2015-07-22E30O47Breton, Theodore R.