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Genuine Savings Rates in Developing Countries
Kirk Hamilton,Michael A. Clemens +1 more
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In this paper, a formal model of green national accounting demonstrates that 'genuine' saving, net saving less the value of resource depletion and environmental degradation, is a useful indicator of sustainability.Abstract:
In this paper, genuine savings rates in developing countries, a formal model of green national accounting demonstrates that 'genuine' saving, net saving less the value of resource depletion and environmental degradation, is a useful indicator of sustainability. Country-level and regional calculations of genuine savings are presented for the period 1970-1993. Sub-Saharan Africa stands out as the region where the greatest dissipation of wealth is occurring. After developing the basic theory of genuine savings, this paper presents empirical estimates for developing countries. These calculations account for resource depletion and carbon dioxide emissions, using consistent time series data for the period 1970-93. The paper concludes with a discussion of the policy issues raised by greener national accounting.read more
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Ecosystems and human well-being: a framework for assessment
TL;DR: The Millennium Ecosystem Assessment (MEA) as discussed by the authors is a conceptual framework for analysis and decision-making of ecosystems and human well-being that was developed through interactions among the experts involved in the MA as well as stakeholders who will use its findings.
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Natural Resources: Curse or Blessing?
TL;DR: This paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources and offers some welfare-based fiscal rules for harnessing resource windfalls in developed and developing economies.
Journal ArticleDOI
Natural Resources: Curse or Blessing?
TL;DR: In this article, a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources are surveyed and some welfare-based fiscal rules for harnessing resource windfalls in developed and developing economies.
Journal ArticleDOI
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TL;DR: It is indicated that human demand may well have exceeded the biosphere's regenerative capacity since the 1980s and humanity's load corresponded to 70% of the capacity of the global biosphere in 1961, and grew to 120% in 1999.
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Natural Resource Abundance and Economic Growth
TL;DR: The authors showed that countries with a high ratio of natural resource exports to GDP tended to have low growth rates during the subsequent period 1971-89, even after controlling for variables found to be important for economic growth, such as initial per capita income, trade policy, government efficiency, investment rates, and other variables.
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The Measurement of Environmental and Resource Values : Theory and Methods
TL;DR: The Measurement of Environmental and Resource Values as mentioned in this paper provides an introduction to the principal methods and techniques of resource and environmental valuation to professional economists and graduate students who are not directly engaged in the field.
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Blueprint for a green economy
TL;DR: The meaning of sustainable development is defined in this article as "the value of the environment" and "valuing the environment", and it is defined as "a way of thinking about the future rather than the past".
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Economic theory and exhaustible resources
Partha Dasgupta,Geoffrey Heal +1 more
TL;DR: In this paper, the authors present a preview of resource allocation in a timeless world with an introduction to exhaustible resources and an analysis of the optimal depletion of the exhaustible resource in a competitive economy.
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