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Value of Stock and Flows of Built Capital at National Level

In: The Economics of the Modern Construction Sector

Author

Listed:
  • Graham J. Ive

    (University College London)

  • Stephen L. Gruneberg

    (University College London)

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.

Suggested Citation

  • Graham J. Ive & Stephen L. Gruneberg, 2000. "Value of Stock and Flows of Built Capital at National Level," Palgrave Macmillan Books, in: The Economics of the Modern Construction Sector, chapter 5, pages 113-128, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-51091-3_5
    DOI: 10.1057/9780230510913_5
    as

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