This estimated loss is equivalent to 30 per cent of pre 2000 Palestinian capital stock.

But not all Chinese economists agree. They argue that capital stock is the key factor for growth, and that China s per capita capital stock is still low relative to developed countries, which implies considerable scope for further investment.

Few, if any, measures aim to influence the rate of capital stock turnover.

Few, if any, measures aim to influence the rate of capital stock turnover.

Article 17 In case capital actually paid by the investors exceeds the registered capital (including stock premiums), an enterprise shall manage the surplus as capital reserve.

Oceania received 20 per cent and Europe 16 per cent of Singapore OFDI stock in 2002.

They accounted for 17 per cent and 24 per cent respectively of OFDI approvals and stock.

Currently, some 42 per cent of hospitals are private, providing 34 per cent of the bed stock.

While this represents a mere 5 per cent of the global stock of outward FDI, it corresponds to about 50 per cent of the stock of FDI from developing countries.

The stock of these arrears stood at 62.2 billion in 1995, corresponding to about 28 per cent of the debt stock.

Ukraine has privatized some 30 per cent of the state housing stock.

In 2002, services accounted for about 55 per cent of the total stock of inward FDI in developing countries and some 85 per cent of outward FDI stock for developing countries.

These changes involve replacement of capital stock and avoiding long term, carbon intensive technology lock in.

Its OFDI stock reached 29 billion in 2004 and accounted for 67 per cent of the region's OFDI stock (see table 1).

In addition, the physical capital loss is estimated to be around 3.5 billion, as a result of destruction of private and public infrastructure and capital stock and overuse of surviving physical capital.

A working capital reserve level of 8.3 per cent.

Fixed asset investment is the most important engine of China s growth. As a developing country with annual per capita income of less than 5,000, there is still significant room for China to increase its capital stock.

The total cost of accumulated physical damage to housing, factories, infrastructure and land from October 2000 to September 2004 is conservatively estimated at 2.2 billion, or almost 19 per cent of the estimated Palestinian capital stock.

economies together accounted for 11 per cent of the world's OFDI stock in 2004, compared with 7 per cent in 1990.

In East Asia debt stock increased by a modest rate of 2 per cent and in South Asia by 1 per cent.

Its share in the world FDI stock increased from 2 per cent in 1985 to 8 per cent in 2003 (table 1).

The impact of these measures is evidenced primarily over time as equipment, buildings and other capital stock is turned over.

Of these, 68 per cent live in the capital of Damascus.

Nearly 40 per cent of the FDI stock in developing Asia originates from Asian developing countries.

The stock of subsidized rental housing is 45 per cent of the total stock and home ownership is being promoted through fiscal incentives and risk limiting safety nets.

Expressing its desire to avoid disruptive capital flows and secure the Stock exchanges of OIC Members from any future financial crisis

In Central Africa, stock raising accounts for a significant proportion of GDP (10.4 per cent in 2002).

Only 4 per cent of the total stock consists of houses built before 1918 and more than 40 per cent has been built since 1970.

Capital expenditures in the public budget dropped from 13 per cent in 1996 to 8 per cent in 1997 and 9.5 per cent in 1998.

Developing countries accounted for at least 4 per cent and 10 per cent of outward FDI stock in the manufacturing and services sectors, respectively, by 2002.

In the rental housing programme it is proposed to increase the proportion of rental housing from 5.4 per cent to 10 per cent of housing stock.

These five economies accounted for 72 per cent of the total FDI stock from the South in 2002.

These economies accounted for about 38 per cent of the total inward FDI stock of Africa in 2002.

Latvia has transferred about 85 per cent of the public housing stock to municipalities or the private sector.

As a group, those countries debt burden remains severe, with a debt stock to export ratio of well over 300 per cent (far above the 200 per cent threshold used to indicate a debt overhang) and a debt stock to GNP ratio of 127 per cent in 1996 after several years of improvement.

Accounting for 7 per cent of the world FDI outward stock in 1990, their share rose to over 10 per cent in 2003 ( 0.9 trillion) (table 1).

They accounted for 91 per cent of the total inward FDI stock of Central and Eastern Europe in 2002.

Software SMEs contributed significantly to OFDI stock (47 per cent), whereas manufacturing OFDI by SMEs was small (table 6).

Under HIPC, Mozambique s debt stock to export ratio is expected to be reduced from 466 to 200 per cent.

Equity capital is obtained in the first place from the project sponsors or other individual investors interested in taking stock in the project company.

Senegal received an exit stock treatment, with 67 per cent reduction, while Nicaragua and Rwanda both received a 67 per cent reduction of the flow of debt service.

However, China s large size and low per capita income and capital stock imply continued rapid growth in its demand for commodities. Thanks to supply constraints, China s import bill for commodities and metals is likely to offset its processing trade surplus in the near future.

To be sure, capital accumulation is a driving force of economic growth, and catching up with developed country income levels implies that China must increase its capital stock in the long run. But what is at issue is not the size of the capital stock, or even the level of investment the problem is the growth rate of investment, which has been significantly higher than that of GDP for decades.

Average annual output per worker in the private sector is about 7,000 and evidence shows that output per worker increases with greater amounts of capital invested per worker.

The debt indicators show what would be expected to be a sustainable debt position.1 The debt service ratio measured 13 per cent, the debt stock to exports ratio 114 per cent, the debt stock to GNP ratio 31 per cent, and short term debt to foreign exchange reserves ratio 53 per cent as noted, however, those figures obscure diverse trends at the country level.