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.
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© 2000 Graham J. Ive and Stephen L. Gruneberg
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Ive, G.J., Gruneberg, S.L. (2000). Value of Stock and Flows of Built Capital at National Level. In: The Economics of the Modern Construction Sector. Palgrave Macmillan, London. https://doi.org/10.1057/9780230510913_5
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DOI: https://doi.org/10.1057/9780230510913_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-62662-7
Online ISBN: 978-0-230-51091-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)