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Advisor(s)
Abstract(s)
The role of the construction sector in the process of economic growth and development is
well recognized in the literature. However, in the most advanced industrial economies, as well as
emerging economies, the construction industry is no longer focused on providing a single service,
i.e., a building or physical infrastructure, but on a variety of services and improvement of human
and natural environments. Built capital stock is a major component of any country’s produced fixed
capital as designated in the System of National Accounts (SNA) of the United Nations. According
to several writers, the knowledge of reliable data of building and other construction assets of a
specific country or region is a crucial element for the long-term management of these assets. This
paper presents an overview of the Perpetual Inventory Method (PIM) used for estimating capital
stock and some methodologic issues regarding the measures of construction investment and of built
capital stock. Additionally, based on the results of an earlier work, estimates of the Cape Verde’s
built capital stock for the year 2014 are presented. The level of the of the built capital stock of a
specific country and its impact on the development pattern of the construction industry is a
suggestion for further studies.
Description
Keywords
Built capital stock Construction sector Construction investment National accounts Perpetual inventory method
Citation
Lopes, Jorge; Oliveira, Rui; Abreu, Maria Isabel (2022). Methodologies for estimating the built environment stock: an overview. Construção 2022. II, p. 27-34