Adjusted net saving and welfare change
Adjusted net saving and welfare change
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DOI:
10.1016/j.ecolecon.2008.08.002
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发表时间:
2009-02-15
影响因子:
7
通讯作者:
Gnegne, Yacouba
中科院分区:
文献类型:
--
作者:
Gnegne, Yacouba
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. (C) 2008 Elsevier B.V. All rights reserved.