Comprehensive Wealth, Intangible Capital, and Development

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dc.creatorFerreira, Susana
dc.creatorHamilton, Kirk
dc.date2012-03-19T18:42:27Z
dc.date2012-03-19T18:42:27Z
dc.date2010-10-01
dc.date.accessioned2026-07-01T01:02:29Z
dc.descriptionExisting wealth estimates show that in most countries intangible capital is the largest share of total wealth. Intangible capital is calculated as the difference between total wealth and tangible (produced and natural) capital. This paper uses new estimates of total wealth, natural capital, and physical capital for a panel of countries to shed light on the constituents of the intangible capital residual. In a development-accounting framework, the authors show that factors of production are very successful in explaining the variation in output per worker when they use intangible capital instead of human capital as a factor of production. This suggests that intangible capital captures a broad range of assets typically included in the total factor productivity residual. Human capital is an important factor, both in statistical and economic terms, in regressions decomposing intangible capital.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101020103459
dc.identifierhttps://hdl.handle.net/10986/3935
dc.identifier10.1596/1813-9450-5452
dc.identifier.urihttp://hdl.handle.net/123456789/414571
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5452
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING FRAMEWORK
dc.subjectACCOUNTING SYSTEMS
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectASSET VALUE
dc.subjectASSET VALUES
dc.subjectASSETS
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK POLICY
dc.subjectBENCHMARK
dc.subjectCAPITAL ACCOUNTS
dc.subjectCAPITAL ASSETS
dc.subjectCAPITAL INTENSITIES
dc.subjectCAPITAL NEEDS
dc.subjectCAPITAL STOCKS
dc.subjectCD
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOUNTRY DUMMIES
dc.subjectCOUNTRY FIXED EFFECTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT PATH
dc.subjectDIMINISHING RETURNS
dc.subjectDISCOUNTED VALUE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC SURVEYS
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS
dc.subjectELASTICITY
dc.subjectEMPLOYMENT
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL ASSETS
dc.subjectEXTERNALITIES
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFOREIGN ASSETS
dc.subjectGDP
dc.subjectGOVERNANCE INDICATORS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME FLOW
dc.subjectINCOME GROUP
dc.subjectINCOME LEVELS
dc.subjectINSTRUMENT
dc.subjectINTANGIBLE
dc.subjectINTANGIBLE ASSETS
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINVENTORY
dc.subjectINVESTING
dc.subjectINVESTMENT LOCATION DECISIONS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectMACROECONOMICS
dc.subjectMARGINAL PRODUCT
dc.subjectNATIONAL ECONOMY
dc.subjectNATIONAL INCOME
dc.subjectNATURAL CAPITAL
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNET FOREIGN ASSETS
dc.subjectNPL
dc.subjectPATENTS
dc.subjectPOLITICAL STABILITY
dc.subjectPOSITIVE COEFFICIENTS
dc.subjectPRESENT VALUE
dc.subjectPRODUCTION FUNCTION
dc.subjectPROPERTY RIGHTS
dc.subjectRATE OF RETURN
dc.subjectRATES OF RETURN
dc.subjectREGRESSION ANALYSIS
dc.subjectREMITTANCES
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRULE OF LAW
dc.subjectSAVINGS
dc.subjectSOCIAL CAPITAL
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTOTAL OUTPUT
dc.subjectWEALTH
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleComprehensive Wealth, Intangible Capital, and Development

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