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Adjusted net saving and welfare change

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  • Gnègnè, Yacouba
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    Abstract

    The World Bank has estimated Adjusted net (or genuine) saving (ANS) as a macro level index of sustainable development. ANS extends the conventional net saving by adding human capital accumulation and deducting natural resources losses. This paper tests ANSas an index of sustainable development. It examines whether ANS explains changes in welfare. Welfare is measured by Infant mortality rate (IMR) and Human Development Index (HDI). The study was conducted in 36 selected developing and developed countries and covers the period 1971-2000. The results suggest a positive and significant relationship between Adjusted net saving and aggregate welfare but weak in magnitude.

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    File URL: http://www.sciencedirect.com/science/article/B6VDY-4TD9JDB-2/2/ad8a6a21d6a73e53ce269d0bf58682ed
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    Bibliographic Info

    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 68 (2009)
    Issue (Month): 4 (February)
    Pages: 1127-1139

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    Handle: RePEc:eee:ecolec:v:68:y:2009:i:4:p:1127-1139

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    Web page: http://www.elsevier.com/locate/ecolecon

    Related research

    Keywords: Adjusted net saving Genuine saving Environment Sustainability Welfare Developing countries Developed countries;

    References

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    1. Karl-Göran Mäler, 2007. "Wealth and sustainable development: the role of David Pearce," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(1), pages 63-75, May.
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    6. Giles Atkinson & Kirk Hamilton, 2007. "Progress along the path: evolving issues in the measurement of genuine saving," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(1), pages 43-61, May.
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    14. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-74, December.
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    17. Kenneth J. Arrow & Partha Dasgupta & Karl-Göran Mäler, 2003. "The genuine savings criterion and the value of population," Economic Theory, Springer, vol. 21(2), pages 217-225, 03.
    18. Hamilton, Kirk & Clemens, Michael, 1999. "Genuine Savings Rates in Developing Countries," World Bank Economic Review, World Bank Group, vol. 13(2), pages 333-56, May.
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    Citations

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    Cited by:
    1. Engelbrecht, Hans-Jürgen, 2009. "Natural capital, subjective well-being, and the new welfare economics of sustainability: Some evidence from cross-country regressions," Ecological Economics, Elsevier, vol. 69(2), pages 380-388, December.
    2. Morley, Bruce & Abdullah, Sabah, 2010. "Environmental Taxes and Economic Growth : Evidence from Panel Causality Tests," Department of Economics Working Papers 18528, University of Bath, Department of Economics.
    3. Masayuki Sato & Sovannroeun Samreth & Katsunori Yamada, 2012. "A numerical study on assessing sustainable development with future genuine savings simulation," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 15(4), pages 293-312.
    4. Blum, Matthias & Hanley, Nicholas & McLaughlin, Eoin, 2013. "Genuine savings and future well-being in Germany, 1850-2000," Stirling Economics Discussion Papers 2013-13, University of Stirling, Division of Economics.
    5. Ollivier, TO, 2009. "The usefulness of aggregate sustainability indicators for policy making: What do they say for Madagascar?," MPRA Paper 16607, University Library of Munich, Germany.
    6. Charles-Henri DiMaria, 2014. "Sustainability matters," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(3), pages 1257-1269, May.

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