Construction output as Gross Fixed Capital Investment

De Valence, G; Meikle, J

Construction output as Gross Fixed Capital Investment

De Valence, G

Meikle, J

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Publisher:: Taylor & Francis
Publication Type:: Chapter
Citation:: Global Construction Data, 2019, pp. 18-43
Issue Date:: 2019-01-01

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Field	Value	Language
dc.contributor.author	De Valence, G https://orcid.org/0000-0002-0619-8033
dc.contributor.author	Meikle, J
dc.contributor.editor	Gruneberg, S
dc.date.accessioned	2023-03-27T05:20:20Z
dc.date.available	2023-03-27T05:20:20Z
dc.date.issued	2019-01-01
dc.identifier.citation	Global Construction Data, 2019, pp. 18-43
dc.identifier.isbn	978-1-138-35040-3
dc.identifier.uri	http://hdl.handle.net/10453/168587
dc.description.abstract	The chapter starts with the measurement of Gross Domestic Product (GDP) and then focuses on one of its components known as Gross Fixed Capital Formation (GFCF). This is total spending on investment over the previous period, and this is where construction output is found and thus the contribution of construction expenditure to GDP in a country (Gruneberg and Folwell, 2013). Building and construction, the other components of GFCF and the structure of the supply and use tables that GDP is calculated from are detailed. This leads into the country sections, where the specific data used to calculate construction GFCF is identified in the United States (US), Canada, Australia and the United Kingdom (UK). Similarities and differences between the methods used in those countries are identified and discussed in the final section.
dc.format.extent	19
dc.language	en
dc.publisher	Taylor & Francis
dc.relation.ispartof	Global Construction Data
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Construction output as Gross Fixed Capital Investment
dc.type	Chapter
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/e-Press
utslib.copyright.status	closed_access	*
pubs.consider-herdc	false
dc.date.updated	2023-03-27T05:20:19Z
pubs.place-of-publication	London
pubs.publication-status	Published
dc.location	London

Abstract:

The chapter starts with the measurement of Gross Domestic Product (GDP) and then focuses on one of its components known as Gross Fixed Capital Formation (GFCF). This is total spending on investment over the previous period, and this is where construction output is found and thus the contribution of construction expenditure to GDP in a country (Gruneberg and Folwell, 2013). Building and construction, the other components of GFCF and the structure of the supply and use tables that GDP is calculated from are detailed. This leads into the country sections, where the specific data used to calculate construction GFCF is identified in the United States (US), Canada, Australia and the United Kingdom (UK). Similarities and differences between the methods used in those countries are identified and discussed in the final section.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/168587