EconPapers    
Economics at your fingertips  
 

Wealth, Welfare and Sustainability

Kirk Hamilton and Giles Atkinson

in Books from Edward Elgar Publishing

Abstract: This important book presents fresh thinking and new results on the measurement of sustainable development. Economic theory suggests that there should be a link between future wellbeing and current wealth. This book explores this linkage under a variety of headings: population growth, technological change, deforestation and natural resource trade. While the relevant theory is presented briefly, the chief emphasis is on empirical measurement of the change in real wealth: this measure of net or ‘genuine’ saving is a key indicator of sustainable development. The methodological and empirical work is bolstered by tests of the predictive power of genuine saving in explaining future consumption and economic growth. Just as importantly, the authors show that many resource-abundant countries would be considerably wealthier today had they managed to save and invest the profits from natural resource exploitation in the past.

Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
JEL-codes: Z0 (search for similar items in EconPapers)
Date: 2006
ISBN: 9781843765769
References: Add references at CitEc
Citations: View citations in EconPapers (36)

Downloads: (external link)
https://www.elgaronline.com/view/9781843765769.xml (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:3236

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this book

More books in Books from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().

 
Page updated 2025-03-31
Handle: RePEc:elg:eebook:3236