ICP 2005 CONSTRUCTION PRICES: ARE THEY UNDERESTIMATED IN DEVELOPING COUNTRIES?
Construction prices are lower in developing countries in ICP 2005, which has raised these countries’ capital/output ratio in Penn World Tables 7 and 8 and affected growth analyses. We estimate the Colombia/U.S. price ratio for office and apartment buildings in 2005 as a test of the validity of the I...
- Autores:
-
Breton,Theodore R
GarcÍa, John J.
- Tipo de recurso:
- Fecha de publicación:
- 2015
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- eng
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/7507
- Acceso en línea:
- http://hdl.handle.net/10784/7507
- Palabra clave:
- Colombia
construction prices
ICP 2005
Penn World Table
price indices
- Rights
- License
- restrictedAccess