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A sustainable century: genuine savings in developing and developed countries, 1900-2000
Umeå universitet, Samhällsvetenskapliga fakulteten, Institutionen för geografi och ekonomisk historia, Ekonomisk historia.ORCID-id: 0000-0002-0970-0850
2017 (engelsk)Inngår i: National wealth: what is missing, why it matters / [ed] Kirk Hamilton and Cameron Hepburn, Oxford: Oxford University Press, 2017, s. 89-113Kapittel i bok, del av antologi (Fagfellevurdert)
Abstract [en]

This chapter traces the long-run development of genuine savings (GS) during the twentieth century using a panel of developed countries (Great Britain, Germany, Switzerland, France, the US, and Australia) and resource-abundant countries in Latin America (Argentina, Brazil, Chile, Colombia, and Mexico) representing approximately 50% of the world’s output in terms of GDP by 1950. It includes large economies and small open economies, and resource-rich and resource-scarce countries, allowing comparison of their historical experiences. Components of GS considered include physical and human capital as well as resource extraction and pollution damages. Generally, there is evidence of positive GS over the course of the twentieth century, although the two world wars and the Great Depression left considerable marks, but also striking differences between Latin American and developed countries when total factor productivity is included; this could be a signal of natural resource curse or technological gaps unnoticed in previous works.

sted, utgiver, år, opplag, sider
Oxford: Oxford University Press, 2017. s. 89-113
Emneord [en]
Genuine Savings, Developed countries, Latin America, Natural capital, Sustainability
HSV kategori
Forskningsprogram
ekonomisk historia; nationalekonomi
Identifikatorer
URN: urn:nbn:se:umu:diva-132718DOI: 10.1093/oso/9780198803720.003.0005Lokal ID: 881253ISBN: 9780198803720 (tryckt)ISBN: 9780191844119 (digital)OAI: oai:DiVA.org:umu-132718DiVA, id: diva2:1083453
Prosjekter
Sustainable development, Fiscal Policy and Natural Resources Management. Bolivia, Chile and Perú in the Nordic countries’ mirror
Forskningsfinansiär
Swedish Research Council, 2016-05721Tilgjengelig fra: 2017-03-21 Laget: 2017-03-21 Sist oppdatert: 2019-02-15bibliografisk kontrollert

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