Sustaining Economic Welfare : Estimating Changes in Per Capita Wealth

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dc.creatorHamilton, Kirk
dc.date2014-08-27T18:26:03Z
dc.date2014-08-27T18:26:03Z
dc.date2000-11
dc.date.accessioned2026-07-01T01:30:00Z
dc.descriptionThe World Bank's "World Development Indicators 1999" highlights for the first time the "genuine" rate of saving for more than 100 countries around the globe. Genuine saving values the total change in economic assets, thereby providing an indicator of whether an economy is on a sustainable path. The Bank's new estimates of genuine saving broaden the usual national accounts definitions of assets to include human capital, minerals, energy, forest resources, and the stock of atmospheric carbon dioxide. Genuine saving measures the change in total assets rather than the change in per capita assets. Genuine saving data may answer the question, "Did total wealth rise or fall over the acoounting period?" But they do not address the question of whether an economy is sustainable with a growing population. Genuine saving could be positive even though per capita wealth is declining. The author explores the issue of measuring changes in per capita wealth--factoring in both growth in total assets (as measured by genuine saving) and population growth--as a more comprehensive indicator of sustainability. First he develops a theoretical approach to estimating total wealth. Then he presents cross-country estimates of changes in per capita wealth. Based on preliminary estimates, he concludes that in the majority of countries below the median per capita income, wealth is accumulating more slowly than the population is growing.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2000/11/717431/sustaining-economic-welfare-estimating-changes-capita-wealth
dc.identifierhttps://hdl.handle.net/10986/19768
dc.identifierhttps://doi.org/10.1596/1813-9450-2498
dc.identifier.urihttp://hdl.handle.net/123456789/418652
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 2498
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectASSETS
dc.subjectAVERAGE CHANGE
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectCAPITAL ACCUMULATION
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCOAL
dc.subjectCONSUMERS
dc.subjectCONSUMPTION GROWTH
dc.subjectCONSUMPTION RATES
dc.subjectCOUNTRY RESULTS
dc.subjectCROSS- COUNTRY INCOME
dc.subjectCROSS-COUNTRY INCOME
dc.subjectDAMAGES
dc.subjectDEVELOPED WORLD
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISCOUNT RATE
dc.subjectECONOMIC VALUE
dc.subjectECONOMIC WELFARE
dc.subjectELASTICITY
dc.subjectENVIRONMENTAL AMENITIES
dc.subjectENVIRONMENTAL MANAGEMENT
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectFISHERIES
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGNP
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH RATE
dc.subjectHIGH GROWTH
dc.subjectHIGH INCOME
dc.subjectHUMAN CAPITAL
dc.subjectINCOME DATA
dc.subjectINCOME GROUPS
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINEQUALITY
dc.subjectINVESTMENT EXPENDITURES
dc.subjectLIBERALIZATION
dc.subjectLIFE EXPECTANCY
dc.subjectLOW INCOME
dc.subjectLOW INCOME COUNTRIES
dc.subjectMARGINAL PRODUCT
dc.subjectMARGINAL UTILITY
dc.subjectMEMBER COUNTRIES
dc.subjectMIDDLE INCOME
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectNATIONAL ACCOUNTING
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCES
dc.subjectNATURE
dc.subjectNEGATIVE GROWTH
dc.subjectNEGATIVE WEALTH
dc.subjectNOMINAL INCOME
dc.subjectOBSERVED GROWTH
dc.subjectOBSERVED GROWTH RATE
dc.subjectOIL
dc.subjectPER CAPITA CONSUMPTION
dc.subjectPER CAPITA CONSUMPTION GROWTH
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA GROWTH RATE
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY RESEARCH
dc.subjectPOLLUTION
dc.subjectPOOR COUNTRIES
dc.subjectPOPULATION GROWTH
dc.subjectPOPULATION GROWTH RATES
dc.subjectPOSITIVE GROWTH
dc.subjectPRESENT VALUE
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTIVE ASSETS
dc.subjectPUBLIC EXPENDITURES
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectRESOURCE DEPLETION
dc.subjectSAVINGS
dc.subjectSENSITIVITY ANALYSIS
dc.subjectSOCIAL CAPITAL
dc.subjectSOIL DEGRADATION
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectUTILITY FUNCTION
dc.subjectVALUE ADDED
dc.subjectVARIETY
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWEALTH DISTRIBUTION
dc.titleSustaining Economic Welfare : Estimating Changes in Per Capita Wealth

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