Value of Stock and Flows of Built Capital at National Level

Graham J. Ive and Stephen L. Gruneberg
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Graham J. Ive: University College London
Stephen L. Gruneberg: University College London

Chapter 5 in The Economics of the Modern Construction Sector, 2000, pp 113-128 from Palgrave Macmillan

Abstract: Abstract This chapter deals with the central issue of capital, its definition, and valuation. We look at the problem of the valuation of land, and discuss various concepts of capital. Capital is linked to the productive capacity of an economy, via investment in fixed capital, especially buildings and infrastructure. The chapter ends by applying the stock and flow concepts of Chapter 4 to capital and investment in the national income accounts.

Keywords: Capital Stock; Capital Formation; National Account; Building Stock; Replacement Cost (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51091-3_5

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DOI: 10.1057/9780230510913_5

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