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While the public debt has an interior maximum in the Diamond OLG model, due to an inherent nonlinearity [Rankin and Roffia (2003)], this feature also extends to a linear, AK model when it is conjoined with a backward-looking adjustment process for public debt [Braeuninger (2005)]. We show that...
Persistent link: https://www.econbiz.de/10011154558
inclusive wealth theory in Australia, this paper aims to identify and comment on the issues of measuring and modelling …
Persistent link: https://www.econbiz.de/10008518964
Genuine Savings has emerged as the leading economic indicator of sustainable economic development at the country level …. It derives from the literatures on weak sustainability, wealth accounting and national income accounting. The paper is … overview of the intellectual history of Genuine Savings (GS). This is followed by an outline of the basic theoretical structure …
Persistent link: https://www.econbiz.de/10010944645
Published by the World Bank (as “Adjusted Net Savings”) for around 160 countries, Genuine Savings (GS) presents the …
Persistent link: https://www.econbiz.de/10011250955
This paper investigates institutional factors affecting the performance of genuine savings (GS), which is often used in …
Persistent link: https://www.econbiz.de/10011260427
We adopt the definition of sustainability as “non-declining welfare per capita”, and measure genuine savings and change … in wealth per capita as indicator of weak sustainability. The results suggests that the overall trend in sustainability … as measured by changes in wealth per capita had shown that the Indonesian economy during the last twenty years had not …
Persistent link: https://www.econbiz.de/10005790163
In this paper, we consider how genuine savings would be altered if the adjustment costs of capitals are taken into … account in the stylized capitalresource model. It is shown that, in order to derive the modified genuine savings, through … shadow prices, the original genuine savings have to be divided by the marginal adjustment costs of the capital in question …
Persistent link: https://www.econbiz.de/10005061690
This paper reports the first long-run test of how Genuine Savings (also called comprehensive investment or adjusted net … savings) predicts future well-being. The theory of weak sustainability suggests that a country with a positive level of … Genuine Savings (GS) should experience non-declining future utility. Despite the widespread uptake of GS, previous tests of …
Persistent link: https://www.econbiz.de/10011107087
Genuine Savings has emerged as the leading economic indicator of sustainable economic development at the country level …. It derives from the literatures on weak sustainability, wealth accounting and national income accounting. The paper is … overview of the intellectual history of Genuine Savings (GS). This is followed by an outline of the basic theoretical structure …
Persistent link: https://www.econbiz.de/10011084750
This book offers an in-depth analysis of the concept of the direct enforcement of foreign restraint and confiscation orders, a crucial step in the process of asset recovery, including existing legal approaches and related challenges. In order to provide a balanced and informed overview, 31...
Persistent link: https://www.econbiz.de/10013255493