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National Wealth Structure Of The Countries Of The World, 2000–2014, And Economic Development

Author

Listed:
  • GUZEV, M.M.
  • LEDENEVA, M.V.
  • POLKOVNIKOV, A.A.

Abstract

The article shows the methodological and theoretical bases for the measurement of national wealth, accordingly to the World Bank reports. On the basis of a widening conception and the data of the World Bank the tendencies of changes in the dynamics and structure of national wealth in 91 countries of the world in 2000-2014 are shown. The clusters of the countries of the world with the most similar tendencies are formed with the help of a number of cluster formation methods. Besides we compare indicators of wealth and economic development and we find a high correlation although with a few exceptions.

Suggested Citation

  • Guzev, M.M. & Ledeneva, M.V. & Polkovnikov, A.A., 2020. "National Wealth Structure Of The Countries Of The World, 2000–2014, And Economic Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 33-46.
    • Handle: RePEc:eaa:aeinde:v:20:y:2020:i:2_3
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    References listed on IDEAS

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    1. GUISAN, Maria-Carmen, 2017. "Manufacturing And Economic Development In The World For 2000-2015: Main Features And Challenges," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 26(3), pages 73-88.
    2. L. Nesterov & G. Ashirova., 2003. "National Wealth and Human Capital," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    3. Guisan, M.C., 2009. "Government Effectiveness, Education, Economic Development And Well-Being: Analysis Of European Countries In Comparison With The United States And Canada, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
    4. L. Nesterov & G. Ashirova, 2003. "National Wealth and Human Capital," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 2.
    5. Glenn-Marie Lange & Quentin Wodon & Kevin Carey, 2018. "The Changing Wealth of Nations 2018," World Bank Publications - Books, The World Bank Group, number 29001, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    national wealth; assessment methodology; human capital; natural capital; produced capital; structure; algorithm; cluster formation; cluster.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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