Greasley, David; Hanley, Nick; Kunnas, Jan; McLaughlin, Eoin - Research School of Economics, College of Business and … - 2012
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...