Estimating the built environment stock in Cape Verde

Lopes, Jorge; Oliveira, Rui; Abreu, María Isabel

doi:10.1108/ecam-05-2018-0190

Cited by 2 publications

(2 citation statements)

References 14 publications

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“…International organisations that produce databases on capital stock statistics (Feenstra et al, 2015) and research works dealing with these statistics (Kamps, 2006;Berlemann & Wesselhöft, 2014;Derbyshire et al, 2013;Lopes et al, 2019) have employed the PIM methodology outlined in the two editions of the OECD Manual -Measuring Capital (OECD, 2001(OECD, , 2009. The PIM, as implied by its name, interprets a country's fixed capital stock as an inventory (Berlemann & Wesselhöft, 2014).…”

Section: Perpetual Inventory Methodsmentioning

confidence: 99%

Estimates of Construction Infrastructure Stock for Cape Verde: 1980–2019

Lopes,

Tavares

2024

Journal of Civil Engineering and Management

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Building and other construction assets constitute a significant part of a country’s physical and economic infrastructure. 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. Built capital stock statistics at the national or international levels have been available for most countries of the world, both developed and less developed ones, for some time, but construction infrastructure stock statistics at the disaggregated level are very scarce, even for most developed countries. Furthermore, the methodologies to produce the estimates of built capital stock, at the international level, do not consider countries’ specificities. This paper discusses the methodologic issues for producing construction infrastructure stock statistics for Cape Verde, and makes estimates for the period 1980–2019. The paper outlines the Perpetual Inventory Method (PIM) used to produce capital estimation, data employed, and the assumptions made to estimate missing data. The paper analyses the level of the construction infrastructure stock estimates for Cape Verde, as well as their impact on the development pattern of the country’s construction industry, and suggests how further studies can enhance our comprehension of the relationship between construction investment and economic growth and development.

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Section: Perpetual Inventory Methodsmentioning

confidence: 99%

Estimates of Construction Infrastructure Stock for Cape Verde: 1980–2019

Lopes,

Tavares

2024

Journal of Civil Engineering and Management

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“…The standard neoclassical aggregate economic models focus heavily on the addition of capital (e.g. Lopes et al, 2019) rather than the functional capacity of infrastructure, which can be increased through maintenance and repair activities (McGrattan and Schmitz, 1999). On this basis, a knock-down and rebuild of a building will have a greater contribution to the GDP of an economy as opposed to building maintenance.…”

Section: Economic Impacts Of Maintenance Projectsmentioning

confidence: 99%

Application of a bottom-up approach to estimate economic impacts of building maintenance projects: cladding rectification program in Australia

Teo

Gajanayake

Jayasuriya

et al. 2021

ECAM

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PurposeThis paper critically reviews economic impact assessment methods adopted in construction-related projects, to develop and present a novel bottom-up approach suitable to estimate regional economic impacts of building maintenance projects.Design/methodology/approachA thorough literature review of economic impact assessment in construction projects is carried out to identify the most relevant approach to estimate wider economic impacts of building maintenance projects. Based on these findings, a model based on the bottom-up approach to estimate wider economic impacts is developed. The applicability and face validity of the developed model is demonstrated through a case of cladding replacement program in Australia.FindingsThe literature review revealed that bottom-up models are better suited for estimating regional economic impacts of maintenance projects, given the challenges of obtaining micro-level economic data in the maintenance sector. In relation to the total economic impacts (direct and indirect), the results show that for every $1 of government spending on similar projects the Gross State Product would increase by $1.34. In terms of employment impact, over 70% of the direct economic value addition is driven by the increase in labour, where close to 3 FTE jobs will be required for each $1 million of spending on cladding replacement projects.Originality/valueThis paper presents a model to estimate the wider economic impacts of building maintenance projects, which is typically overlooked in the construction management field. The proposed model is developed to incorporate the variability of different building maintenance projects so that the economic impact resulting from these projects could be estimated more accurately. This model can be used by local government decision-makers to justify and prioritise maintenance projects in a similar manner to new construction projects.

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Estimating the built environment stock in Cape Verde

Cited by 2 publications

References 14 publications

Estimates of Construction Infrastructure Stock for Cape Verde: 1980–2019

Estimates of Construction Infrastructure Stock for Cape Verde: 1980–2019

Application of a bottom-up approach to estimate economic impacts of building maintenance projects: cladding rectification program in Australia

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