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Determinants of the adjusted net saving rate in developing economies

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  • Peter Hess

Abstract

The adjusted net saving rate, initially known as the genuine saving rate, was first published by the World Bank in the late 1990s as a more comprehensive measure of national saving and one more indicative of sustainable development. The adjusted net saving rate incorporated not just physical capital depreciation, but natural capital depletion and environmental damage, as well as including some human capital formation. In this paper, using a cross-section of developing economies for 2001-2006, determinants of the adjusted net saving rate are estimated. For comparison, the same determinants for the gross national saving rate are estimated. Also, a basic Solow growth model is extended to incorporate natural resources and to justify a more comprehensive measure of savings, such as the adjusted net saving rate, for modeling economic growth. The two measures of savings are then compared as determinants in estimations of economic growth. Understanding the determinants of the adjusted net saving rate is useful for policies to promote sustainable development.

Suggested Citation

  • Peter Hess, 2010. "Determinants of the adjusted net saving rate in developing economies," International Review of Applied Economics, Taylor & Francis Journals, vol. 24(5), pages 591-608.
    • Handle: RePEc:taf:irapec:v:24:y:2010:i:5:p:591-608
    DOI: 10.1080/02692170903426070
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    Citations

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    Cited by:

    1. van Krevel, Charan, 2021. "Does natural capital depletion hamper sustainable development? Panel data evidence," Resources Policy, Elsevier, vol. 72(C).
    2. Indra de Soysa, 2022. "Economic freedom vs. egalitarianism: An empirical test of weak & strong sustainability, 1970–2017," Kyklos, Wiley Blackwell, vol. 75(2), pages 236-268, May.
    3. van Krevel, Charan & Peters, Marlou, 2024. "How natural resource rents, exports, and government resource revenues determine Genuine Savings: Causal evidence from oil, gas, and coal," World Development, Elsevier, vol. 181(C).
    4. N.V. Starodubets & A.E. Grigoreva, 2020. "Methodological Toolkit for Environmental and Economic Assessment of Metallurgical Enterprise Activities," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 19(4), pages 565-584.
    5. Titus A. Ojeyinka & Tolulope T. Osinubi, 2022. "The moderating role of financial development in the globalization-sustainable development nexus in some selected African Countries," Economic Change and Restructuring, Springer, vol. 55(4), pages 2051-2080, November.
    6. Conceição Castro & Cristina Lopes, 2022. "Digital Government and Sustainable Development," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 880-903, June.
    7. Wei, Zhao & Huang, Lihua, 2022. "Does renewable energy matter to achieve sustainable development? Fresh evidence from ten Asian economies," Renewable Energy, Elsevier, vol. 199(C), pages 759-767.
    8. Ullah, Atta & Pinglu, Chen & Ullah, Saif & Qaisar, Zahid Hussain & Qian, Ningyu, 2022. "The dynamic nexus of E-Government, and sustainable development: Moderating role of multi-dimensional regional integration index in Belt and Road partner countries," Technology in Society, Elsevier, vol. 68(C).
    9. Adrian Boos & Karin Holm‐Müller, 2012. "A theoretical overview of the relationship between the resource curse and genuine savings as an indicator for “weak” sustainability," Natural Resources Forum, Blackwell Publishing, vol. 36(3), pages 145-159, August.
    10. Ellalee, Haider & Al-Qaysi, Israa I., 2023. "Digital Government a Pathway to Sustainable Development," MPRA Paper 118178, University Library of Munich, Germany, revised Aug 2023.
    11. Ayad, Fayssal, 2023. "Mapping the path forward: A prospective model of natural resource depletion and sustainable development," Resources Policy, Elsevier, vol. 85(PA).

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