Assessing sustainability, a comprehensive wealth accounting prospect: An application to Mozambique
Timothée Ollivier () and
Pierre-Noël Giraud ()
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Timothée Ollivier: CERNA i3 - Centre d'économie industrielle i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Pierre-Noël Giraud: CERNA i3 - Centre d'économie industrielle i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
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Abstract:
We estimate the wealth of Mozambique in 2000 and 2005 in order to assess the sustainability of its development path. Our methodology builds on Arrow et al. (2010). We show that Mozambican wealth increases through human and physical capital accumulation, while the pressure on natural capital remains low. The growth of total factor productivity enhances the outcome of the different capital assets, but population growth has a strong downward effect on wealth per capita. Results suggest that Mozambican development was sustainable between 2000 and 2005, but these remain ambiguous and are highly sensitive to data and assumptions used.
Keywords: Natural capital; Sustainable development; Mozambique; Comprehensive wealth accounting (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (6)
Published in Ecological Economics, 2011, 70 (3), pp.503-512. ⟨10.1016/j.ecolecon.2010.09.028⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00659148
DOI: 10.1016/j.ecolecon.2010.09.028
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