Published by the World Bank (as “Adjusted Net Savings”) for around 160 countries, Genuine Savings (GS) presents the most respected but also the most debated indicator for “weak” sustainability. It originates from the so-called “Hartwick rule” for the re-investment of rents from the...

Many empirical studies have tried to analyse the causal relations between economic growth and environmental degradation by using the Environmental Kuznets Curve (EKC). Despite the huge diffusion of EKC studies, this model has been criticised for incompleteness in a sustainable development...

This paper presents a numerical examination of sustainability from the perspective of 'genuine savings', using a dataset provided by the World Bank. Unlike previously-used criteria of sustainability that focus on observed paths of genuine savings rates, we consider future sustainability by...

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...

The paper proposes a global mechanism to finance and promote sustainable development (SD) that is multinational, provides incentives for rich and poor countries to promote SD, incorporates the principle of common but differentiated responsibilities and links incentives and funding for SD to...

The purpose of the paper is to estimate the level of necessary reinvestment 'user costs' needed to repay forthcoming generations for the depletion of phosphate and potash reserves in Jordan. El Serafy equation technique has been used to estimate the user cost for both resources from 2002 to...