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Essays on the role of natural resources in international trade and development

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Comprehensive Wealth and Future Consumption : Accounting for Population Growth

Ferreira, Susana - 2010

Economic theory predicts that the current change in national wealth, broadly defined to include natural and human capital as well as produced capital (ldquo;genuine savingsrdquo;), determines whether the present value of future changes in consumption is positive or negative. Theoretical research...

Persistent link: https://www.econbiz.de/10012758890

Comprehensive Wealth and Future Consumption

Ferreira, Susana; Hamilton, Kirk; Vincent, Jeffrey R. - 2008

Economic theory predicts that the current change in national wealth, broadly defined to include natural and human capital as well as produced capital ("genuine savings"), determines whether the present value of future changes in consumption is positive or negative. Theoretical research has...

Persistent link: https://www.econbiz.de/10012561535