Holz, Carsten A. - EconWPA - 2005
(i) gross fixed capital formation does not equal investment, (ii) investment does not equal the value of fixed assets … production capacity of fixed assets, (iv) official fixed asset data, where available, incorporate significant revaluations in the … 1990s, and (v) the variable 'net fixed assets,' frequently used in the literature, is an inappropriate measure of fixed …