This paper investigates institutional factors affecting the performance of genuine savings (GS), which is often used in …

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 …

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 …

savings indicator. We analyse the forest resources considering positive externalities of natural capital, as the approximation …