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A sustainable century: genuine savings in developing and developed countries, 1900-2000
Umeå University, Faculty of Social Sciences, Department of Geography and Economic History, Economic history.ORCID iD: 0000-0002-0970-0850
2017 (English)In: National wealth: what is missing, why it matters / [ed] Kirk Hamilton and Cameron Hepburn, Oxford: Oxford University Press, 2017, p. 89-113Chapter in book (Refereed)
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.

Place, publisher, year, edition, pages
Oxford: Oxford University Press, 2017. p. 89-113
Keywords [en]
Genuine Savings, Developed countries, Latin America, Natural capital, Sustainability
National Category
Economic History Economics Climate Research
Research subject
Economic History; Economics
Identifiers
URN: urn:nbn:se:umu:diva-132718DOI: 10.1093/oso/9780198803720.003.0005ISBN: 9780198803720 (print)ISBN: 9780191844119 (electronic)OAI: oai:DiVA.org:umu-132718DiVA, id: diva2:1083453
Projects
Sustainable development, Fiscal Policy and Natural Resources Management. Bolivia, Chile and Perú in the Nordic countries’ mirror
Funder
Swedish Research Council, 2016-05721Available from: 2017-03-21 Created: 2017-03-21 Last updated: 2018-06-09Bibliographically approved

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Ducoing, Cristián

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf