Tracing Sustainability in the Long Run: Genuine Savings Estimates 1850 - 2018

Eoin McLaughlin, Cristian Ducoing, Les Oxley

Research output: Contribution to conference › Paper, not in proceeding

Abstract

We introduce a new database of historical Genuine Savings (GS), an indicator of sustainable development promoted by the World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and addresses shortcomings in conventional metrics of economic development by incorporating broader measures of saving and investment, including human capital (education), and natural resource depletion. Its value as an indicator is determined by its ability to be used to predict future well-being. This article provides consistent historical estimates of GS since 1850 for 25 countries to enhance, complement, and contextualise the work of the World Bank and others.
Original languageEnglish
Number of pages45
Publication statusPublished - 2023 Feb
EventCRIW Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective - Lorien Hotel (Liberty Room) 1600 King Street, Alexandria , United States
Duration: 2023 Mar 16 → 2023 Mar 17
https://www.nber.org/conferences/criw-measuring-and-accounting-environmental-public-goods-national-accounts-perspective-spring-2023

Conference

ConferenceCRIW Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective
Country/TerritoryUnited States
CityAlexandria
Period2023/03/16 → 2023/03/17
Internet address

Subject classification (UKÄ)

  • Economic History

Keywords

  • Genuine Savings
  • Sustainable Development
  • Natural Resources
  • Historical national accounts

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  • 2 Participation in conference

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