Where is the wealth of nations? : measuring capital for the 21st century.

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Title:

Author:

Hamilton, Kirk, 1951-

ISBN:

9780821363546

9780821363553

Publication Information:

Washington, DC : The World Bank, c2006.

Physical Description:

xx, 188 p. : ill. ; 24 cm.

General Note:

"Written by a team including Kirk Hamilton ... [et al.]"--P. .

Extends and expands the work done in Expanding the measure of wealth (World Bank, 1997) to provide a comprehensive snapshot of wealth for 120 countries at the turn of the millennium.

Contents:

Ch. 1. Introduction : the millennium capital assessment -- Ch. 2. The wealth stock estimates -- Ch. 3. Recent genuine saving estimates -- Ch. 4. The importance of investing resource rents : a Hartwick rule counterfactual -- Ch. 5. The importance of population dynamics : changes in wealth per capita -- Ch. 6. Testing genuine saving -- Ch. 7. Explaining the intangible capital residual : the role of human capital and institutions -- Ch. 8. Wealth and production -- Ch. 9. Developing and using environmental accounts -- App. 1. Building the wealth estimates -- App. 2. Wealth estimates by country, 2000 -- App. 3. Genuine saving estimates by country, 2000 -- App. 4. Change in wealth per capita, 2000.

Abstract:

"This book describes estimates of wealth and its components for nearly 120 countries. It regards economic policy as a process of portfolio management in which the assets are produced capital, natural resources, and human resources. In this framework, sustainability is an integral part of economic policy making. The rigorous analysis, presented in accessible format, identifies the conditions for sustainable growth and development, providing a useful yardstick for policymakers."--BOOK JACKET.

Subject Term:

Sustainable development -- Econometric models.

Wealth -- Econometric models.

Economic indicators.

Environmental indicators.

Saving and investment -- Econometric models.

Human capital -- Econometric models.

Added Author:

Hamilton, Kirk, 1951-

Added Corporate Author:

World Bank

Added Uniform Title:

Expanding the measure of wealth.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168020378630	338.9/27015195 W567 2006	1	Searching... Unknown
Searching... 1:IIEMSA	1:GEN-BOOK	33168025439981	338.9/27015195 W567 2006	2	Searching... Unknown
Searching... 1:IIEMSA	1:GEN-BOOK	33168025439965	338.9/27015195 W567 2006	3	Searching... Unknown

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Summary

The book presents estimates of total wealth for nearly 120 countries, using economic theory to decompose the wealth of a nation into its component pieces: produced capital, natural resources and human resources.The wealth estimates provide a unique opportunity to look at economic management from a broader and comprehensive perspective. The book's basic tenet is that economic development can be conceived as a process of portfolio management, so that sustainability becomes an integral part of economic policy making. The rigorous analysis, presented in accessible format, tackles issues such as growth, development and equity.'Where is the Wealth of Nations?' is organized in four sections. The first part introduces the wealth estimates and highlights the main facts on the level and composition of wealth across countries. The second part analyzes changes in wealth and how they matter for economic policy. The third part deals with the level of wealth, its composition and links to growth and inequality. The last part reviews existing applications of resource and environmental accounting.