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dc.contributor.authorBlum, Mathias
dc.contributor.authorDucoing, Cristián
dc.contributor.authorMcLaughlin, Eoin
dc.identifier.citationBlum , M , Ducoing , C & McLaughlin , E 2016 ' A sustainable century? Genuine Savings in developing and developed countries, 1900-2000 ' Discussion Papers in Environmental Economics , no. 2016-15 , University of St Andrews . < >en
dc.identifier.otherPURE: 273915822
dc.identifier.otherPURE UUID: c6212fc6-4339-4b14-aa8f-3208ea5fac70
dc.description.abstractThis chapter traces the long-run development of Genuine Savings (GS) using a panel of eleven countries during the twentieth century. This panel covers a number of developed countries (Great Britain, Germany, Switzerland, France, the US, and Australia) as well as a set of resource-abundant countries in Latin America (Argentina, Brazil, Chile, Colombia, and Mexico). These countries represent approximately 50 percent of the world’s output in terms of Gross Domestic Product (GDP) by 1950, and include large economies and small open economies, and resource-rich and resource-scarce countries, thus allowing us to compare their historical experiences. Components of GS considered include physical and human capital as well as resource extraction and pollution damages. Generally, we find evidence of positive GS over the course of the twentieth century, although the two World Wars and the Great Depression left considerable marks. Also, we found striking differences between Latin American and developed countries when Total Factor Productivity (TFP) is included; this could be a signal of natural resource curse or technological gaps unnoticed in previous works.
dc.publisherUniversity of St Andrews
dc.relation.ispartofseriesDiscussion Papers in Environmental Economicsen
dc.rightsCopyright © 2016 the Author(s).en
dc.subjectGenuine Savingsen
dc.subjectDeveloped countries Latin Americaen
dc.subjectD880 Developing Countriesen
dc.subjectD901 Europe (General)en
dc.subjectDU Oceania (South Seas)en
dc.subjectE151 United States (General)en
dc.subjectHC Economic History and Conditionsen
dc.titleA sustainable century? Genuine Savings in developing and developed countries, 1900-2000en
dc.typeWorking or discussion paperen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews.School of Geography & Sustainable Developmenten

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