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Estimating the built environment stock in Cape Verde

Estimating the built environment stock in Cape Verde The purpose of this paper is to present the estimates of the value of the built environment stock in Cape Verde, a Sub-Saharan African country that is scattered through ten relatively small islands.Design/methodology/approachIt applies the perpetual inventory method in a long series of construction investment data at 1980 and 2007 constant prices published by the Cape Verde’s National Statistics Office.FindingsThe results show that the capital-output ratio is similar to those in the advanced industrial countries. The high value of this indicator suggests that the country should shift its focus from building new investment projects to managing the considerable amount of built stock.Originality/valueThe main originality of the paper comes from the use of different data sets from the National Statistical Office to construct the indicators of the construction industry activity in a comprehensive way. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Engineering Construction & Architectural Management Emerald Publishing

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References (34)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
0969-9988
DOI
10.1108/ecam-05-2018-0190
Publisher site
See Article on Publisher Site

Abstract

The purpose of this paper is to present the estimates of the value of the built environment stock in Cape Verde, a Sub-Saharan African country that is scattered through ten relatively small islands.Design/methodology/approachIt applies the perpetual inventory method in a long series of construction investment data at 1980 and 2007 constant prices published by the Cape Verde’s National Statistics Office.FindingsThe results show that the capital-output ratio is similar to those in the advanced industrial countries. The high value of this indicator suggests that the country should shift its focus from building new investment projects to managing the considerable amount of built stock.Originality/valueThe main originality of the paper comes from the use of different data sets from the National Statistical Office to construct the indicators of the construction industry activity in a comprehensive way.

Journal

Engineering Construction & Architectural ManagementEmerald Publishing

Published: May 30, 2019

Keywords: Cape Verde; Construction; Methodology; Estimating; Built stock; Capital accounts; Perpetual inventory method

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