Economic Depreciation of Natural Resources in Asia and Implications for Net Savings and Long-Run Consumption
Rents from extracting natural resources (minerals and roundwood) were equivalent to a fifth or more of gross domestic savings in at least one year during 1970-92 in nearly all countries in a sample of fourteen from Asia. This was the case even in China and India, which are not usually thought of as being resource-rich. On a per capita basis, rents were larger in most countries in 1992 than in 1970; relative to GDP, they rose in most South Asia countries, including India.
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