IDEAS home Printed from https://ideas.repec.org/a/eaa/aeinde/v20y2020i2_3.html
   My bibliography  Save this article

National Wealth Structure Of The Countries Of The World, 2000–2014, And Economic Development

Author

Listed:
  • GUZEV, M.M.
  • LEDENEVA, M.V.
  • POLKOVNIKOV, A.A.

Abstract

The article shows the methodological and theoretical bases for the measurement of national wealth, accordingly to the World Bank reports. On the basis of a widening conception and the data of the World Bank the tendencies of changes in the dynamics and structure of national wealth in 91 countries of the world in 2000-2014 are shown. The clusters of the countries of the world with the most similar tendencies are formed with the help of a number of cluster formation methods. Besides we compare indicators of wealth and economic development and we find a high correlation although with a few exceptions.

Suggested Citation

  • Guzev, M.M. & Ledeneva, M.V. & Polkovnikov, A.A., 2020. "National Wealth Structure Of The Countries Of The World, 2000–2014, And Economic Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(2), pages 33-46.
    • Handle: RePEc:eaa:aeinde:v:20:y:2020:i:2_3
    as

    Download full text from publisher

    File URL: http://www.usc.es/~economet/reviews/aeid2023.pdf
    Download Restriction: No
    ---><---

    References listed on IDEAS

    as
    1. GUISAN, Maria-Carmen, 2017. "Manufacturing And Economic Development In The World For 2000-2015: Main Features And Challenges," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 26(3), pages 73-88.
    2. L. Nesterov & G. Ashirova., 2003. "National Wealth and Human Capital," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    3. Guisan, M.C., 2009. "Government Effectiveness, Education, Economic Development And Well-Being: Analysis Of European Countries In Comparison With The United States And Canada, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
    4. L. Nesterov & G. Ashirova, 2003. "National Wealth and Human Capital," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 2.
    5. Glenn-Marie Lange & Quentin Wodon & Kevin Carey, 2018. "The Changing Wealth of Nations 2018," World Bank Publications - Books, The World Bank Group, number 29001.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. S. B. Reshetnikov & M. R. Skirdov, 2017. "Analysis of methodological approaches to determination and assessment of the human capital," Russian Journal of Industrial Economics, MISIS, vol. 10(1).
    2. Jacques Fontanel, 2022. "Globalisation économique, puissance des Etats et conflits. Changement climatique, inégalités, crises économiques, guerres géoéconomiques et le retour vers de nouvelles raretés," Working Papers hal-03696593, HAL.
    3. Onil Banerjee & Martin Cicowiez & Marcia Macedo & Žiga Malek & Peter Verburg & Sean Goodwin & Renato Vargas & Ludmila Rattis & Paulo M. Brando & Michael T. Coe & Christopher Neill & Octavio Damiani, 2020. "An Amazon Tipping Point: The Economic and Environmental Fallout," CEDLAS, Working Papers 0292, CEDLAS, Universidad Nacional de La Plata.
    4. GUISAN, Maria-Carmen & EXPOSITO, Pilar, 2020. "Co2 Total Emissions In The World, 1970-2015: Relationship With Economic Development And Population Growth," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(1), pages 141-152.
    5. Schiff, Maurice, 2021. "Low, High and Super Congestion of a Renewable Natural Resource under Autarky and Trade," IZA Discussion Papers 14279, Institute of Labor Economics (IZA).
    6. Fassina, Caroline & Jarvis, Diane & Tavares, Silvia & Coggan, Anthea, 2022. "Valuation of ecosystem services through offsets: Why are coastal ecosystems more valuable in Australia than in Brazil?," Ecosystem Services, Elsevier, vol. 56(C).
    7. Alberto Botta & Giuliano Toshiro Yajima & Gabriel Porcile, 2023. "Structural change, productive development, and capital flows: does financial “bonanza” cause premature deindustrialization?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 433-473.
    8. Alan Randall, 2022. "Driving with Eyes on the Rear-View Mirror—Why Weak Sustainability Is Not Enough," Sustainability, MDPI, vol. 14(16), pages 1-13, August.
    9. B. N. Porfiryev, 2018. "The Green Factor of Economic Growth in Russia and the World," Studies on Russian Economic Development, Springer, vol. 29(5), pages 455-461, September.
    10. Banerjee, Onil & Crossman, Neville & Vargas, Renato & Brander, Luke & Verburg, Peter & Cicowiez, Martin & Hauck, Jennifer & McKenzie, Emily, 2020. "Global socio-economic impacts of changes in natural capital and ecosystem services: State of play and new modeling approaches," Ecosystem Services, Elsevier, vol. 46(C).
    11. World Bank, 2020. "Sierra Leone Economic Update, June 2020," World Bank Publications - Reports 34313, The World Bank Group.
    12. GUISAN, Maria-Carmen & AGUAYO, Eva, 2011. "Women Participation, Quality Of Government And Economic Development In Europe, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(1).
    13. Ibrahim, M.A., 2013. "Financial Development And Economic Growth In Saudi Arabian Economy," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 133-144.
    14. Kym Anderson, 2021. "Food policy in a more volatile climate and trade environment," Departmental Working Papers 2021-25, The Australian National University, Arndt-Corden Department of Economics.
    15. Guisán, M.C. & Expósito, P, 2011. "Regional Employment and Unemployment by Gender in Spain in comparison with other European Countries," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 11(1).
    16. Jasper N. Meya, 2018. "Environmental Inequality and Economic Valuation," Working Papers V-416-18, University of Oldenburg, Department of Economics, revised Dec 2018.
    17. Gang Liu & Barbara M. Fraumeni, 2020. "A Brief Introduction to Human Capital Measures," NBER Working Papers 27561, National Bureau of Economic Research, Inc.
    18. Usubiaga-Liaño, Arkaitz & Ekins, Paul, 2024. "Methodological choices for reflecting strong sustainability in composite indices," Ecological Economics, Elsevier, vol. 221(C).
    19. Kym Anderson & Sundar Ponnusamy, 2019. "Structural Transformation to Manufacturing and Services: What Role for Trade?," Asian Development Review, MIT Press, vol. 36(2), pages 32-71, September.
    20. Himanshu, 2019. "Inequality in India: A review of levels and trends," WIDER Working Paper Series wp-2019-42, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    national wealth; assessment methodology; human capital; natural capital; produced capital; structure; algorithm; cluster formation; cluster.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:aeinde:v:20:y:2020:i:2_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: M. Carmen Guisan (email available below). General contact details of provider: http://www.usc.es/economet/eaa.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.