The Buy-to-Build Indicator: New Estimates for Britain and the United States

The Buy-­to-­Build Indicator

New Estimates for Britain and the United States

JOSEPH A. FRANCIS

October 2013

Abstract

This note presents new long-term estimates of what Jonathan Nitzan and Shimshon Bichler have named the ‘buy-­to-­build indicator’, which is calculated as the value of mergers and acquisitions as a percentage of gross capital formation.

Keywords

Britain, buy-to-build indicator, mergers and acquisitions, United States

Citation

Joseph A. Francis (2013), ‘The Buy-to-Built Indicator: New Estimates for Britain and the United States’, Review of Capital as Power, Vol. 1, No. 1, pp. 63-72.