Tracing Sustainability in the Long Run : Genuine Savings Estimates 1850 - 2018
(2023) CRIW Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/03245172-4aa5-4263-bba3-90d9a47fba15
- author
- McLaughlin, Eoin ; Ducoing, Cristian LU and Oxley, Les
- organization
- publishing date
- 2023-02
- type
- Contribution to conference
- publication status
- published
- subject
- keywords
- Genuine Savings, Sustainable Development, Natural Resources, Historical national accounts
- pages
- 45 pages
- conference name
- CRIW Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective
- conference location
- Alexandria, United States
- conference dates
- 2023-03-16 - 2023-03-17
- project
- Genuine Savings as a measure of sustainable development. Towards a GDP replacement.
- language
- English
- LU publication?
- yes
- id
- 03245172-4aa5-4263-bba3-90d9a47fba15
- alternative location
- https://conference.nber.org/conf_papers/f162560/f162560.pdf
- date added to LUP
- 2023-03-13 22:57:52
- date last changed
- 2023-04-27 14:21:06
@misc{03245172-4aa5-4263-bba3-90d9a47fba15,
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.}},
author = {{McLaughlin, Eoin and Ducoing, Cristian and Oxley, Les}},
keywords = {{Genuine Savings; Sustainable Development; Natural Resources; Historical national accounts}},
language = {{eng}},
title = {{Tracing Sustainability in the Long Run : Genuine Savings Estimates 1850 - 2018}},
url = {{https://conference.nber.org/conf_papers/f162560/f162560.pdf}},
year = {{2023}},
}