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来源类型Working Paper
规范类型报告
DOI10.3386/w16599
来源IDWorking Paper 16599
Sustainability and the Measurement of Wealth
Kenneth J. Arrow; Partha Dasgupta; Lawrence H. Goulder; Kevin J. Mumford; Kirsten Oleson
发表日期2010-12-09
出版年2010
语种英语
摘要We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as reproducible capital - is maintained through time. Our framework also integrates population growth, technological change, and changes in health. We apply the framework to five countries that differ significantly in stages of development and resource bases: the United States, China, Brazil, India, and Venezuela. With the exception of Venezuela, significant increases in human capital enable comprehensive wealth to be maintained (and sustainability to be achieved) despite significant reductions in the natural resource base. We find that the value of "health capital" is very large relative to other forms of capital. As a result, its growth rate critically influences the growth rate of per-capita comprehensive wealth.
主题Microeconomics ; Welfare and Collective Choice ; Development and Growth ; Development ; Growth and Productivity ; Country Studies ; Environmental and Resource Economics
URLhttps://www.nber.org/papers/w16599
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574273
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Kenneth J. Arrow,Partha Dasgupta,Lawrence H. Goulder,et al. Sustainability and the Measurement of Wealth. 2010.
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