Testing Genuine Saving

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dc.creatorHamilton, Kirk
dc.date2012-06-25T15:18:27Z
dc.date2012-06-25T15:18:27Z
dc.date2005-04
dc.date.accessioned2026-07-01T01:29:24Z
dc.descriptionThe World Bank has been publishing estimates of adjusted net or "genuine" saving since 1999. This measure of saving treats depletion of natural resources as a type of economic depreciation. Hamilton uses recent theoretical results relating growth in saving to growth in future consumption to provide a test of genuine saving using historical data. Did measured genuine saving in 1976, for example, "predict" the observed changes in consumption over subsequent decades? The author tests four alternative measures of saving econometrically. The worst measure, in terms of explained variation, is traditional net saving. Genuine saving adjusted to reflect population growth exhibits the worst fit with theory. Both gross saving and genuine saving perform better, with good concordance with theory, while genuine saving exhibits a moderate advantage in terms of goodness of fit.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/04/5777957/testing-genuine-saving
dc.identifierhttps://hdl.handle.net/10986/8925
dc.identifierhttps://doi.org/10.1596/1813-9450-3577
dc.identifier.urihttp://hdl.handle.net/123456789/418550
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 3577
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectARBITRAGE
dc.subjectBASE YEAR
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL GAINS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectDAMAGES
dc.subjectDEPOSITS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISCOUNT RATE
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC WELFARE
dc.subjectEMISSIONS
dc.subjectEXCHANGE RATE
dc.subjectEXTERNALITIES
dc.subjectFISH
dc.subjectFISHING
dc.subjectFORESTRY
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH THEORY
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINTEREST RATE
dc.subjectINVENTORY
dc.subjectMARGINAL PRODUCT
dc.subjectNATURAL RESOURCES
dc.subjectOIL
dc.subjectPOLICY MAKERS
dc.subjectPOPULATION GROWTH
dc.subjectPRESENT VALUE
dc.subjectPRODUCERS
dc.subjectPROFIT MAXIMIZATION
dc.subjectPUBLIC EXPENDITURES
dc.subjectSAVINGS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTERMS OF TRADE
dc.subjectTIME SERIES
dc.subjectWEALTH
dc.titleTesting Genuine Saving

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