Measuring National Income and Growth in Resource-Rich, Income-Poor Countries

Kirk Hamilton () and Eduardo Ley
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Kirk Hamilton: World Bank

World Bank - Economic Premise, 2010, issue 28, 1-7

Abstract: GDP, the leading economic measurement, is outdated and misleading. . . . It’s like grading a corporation based on today’s cash flow and forgetting to depreciate assets and other costs. – Joseph Stiglitz, “Good Numbers Gone Bad,” Fortune, October 2, 2006.

Keywords: National income; growth; natural resources; resource-rich; income-poor; GPD; wealth; assets; exports; imports (search for similar items in EconPapers)
JEL-codes: E64 H6 Q2 Q3 Q56 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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