Publication:
Testing Genuine Saving

Simple item page
dc.contributor.authorHamilton, Kirk
dc.date.accessioned2012-06-25T15:18:27Z
dc.date.available2012-06-25T15:18:27Z
dc.date.issued2005-04
dc.description.abstractThe World Bank has been publishing estimates of adjusted net or "genuine" saving since 1999. This measure of saving treats depletion of natural resources as a type of economic depreciation. Hamilton uses recent theoretical results relating growth in saving to growth in future consumption to provide a test of genuine saving using historical data. Did measured genuine saving in 1976, for example, "predict" the observed changes in consumption over subsequent decades? The author tests four alternative measures of saving econometrically. The worst measure, in terms of explained variation, is traditional net saving. Genuine saving adjusted to reflect population growth exhibits the worst fit with theory. Both gross saving and genuine saving perform better, with good concordance with theory, while genuine saving exhibits a moderate advantage in terms of goodness of fit.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/04/5777957/testing-genuine-saving
dc.identifier.doi10.1596/1813-9450-3577
dc.identifier.urihttps://hdl.handle.net/10986/8925
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3577
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectARBITRAGE
dc.subjectBASE YEAR
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL GAINS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectDAMAGES
dc.subjectDEPOSITS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISCOUNT RATE
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC WELFARE
dc.subjectEMISSIONS
dc.subjectEXCHANGE RATE
dc.subjectEXTERNALITIES
dc.subjectFISH
dc.subjectFISHING
dc.subjectFORESTRY
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH THEORY
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINTEREST RATE
dc.subjectINVENTORY
dc.subjectMARGINAL PRODUCT
dc.subjectNATURAL RESOURCES
dc.subjectOIL
dc.subjectPOLICY MAKERS
dc.subjectPOPULATION GROWTH
dc.subjectPRESENT VALUE
dc.subjectPRODUCERS
dc.subjectPROFIT MAXIMIZATION
dc.subjectPUBLIC EXPENDITURES
dc.subjectSAVINGS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTERMS OF TRADE
dc.subjectTIME SERIES
dc.subjectWEALTH
dc.titleTesting Genuine Savingen
dspace.entity.typePublication
okr.crossref.titleTesting Genuine Saving
okr.date.disclosure2005-05-04
okr.date.doiregistration2025-04-10T09:42:45.903560Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/04/5777957/testing-genuine-saving
okr.globalpracticeFinance and Markets
okr.guid136001468320357331
okr.identifier.doi10.1596/1813-9450-3577
okr.identifier.externaldocumentum000012009_20050504150138
okr.identifier.internaldocumentum5777957
okr.identifier.reportWPS3577
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/05/04/000012009_20050504150138/Rendered/PDF/wps3577.pdfen
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Contractual Savings
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicEconomic Investment and Savings
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
wps3577.pdf
Size:
272.46 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
wps3577.txt
Size:
32.6 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers