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Prosperity, sustainability and the measurement of wealth

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  • Kevin Mumford

Abstract

This paper takes a stocks rather than a flows approach to measuring national prosperity. It examines changes in capital stocks of different kinds in Asian economies, including produced capital, natural capital, human capital and inclusive wealth.

Suggested Citation

  • Kevin Mumford, 2015. "Prosperity, sustainability and the measurement of wealth," Development Economics Working Papers 24841, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:develo:24841
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    File URL: http://www.eaber.org/node/24841
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    References listed on IDEAS

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    1. World Bank, 2011. "The Changing Wealth of Nations : Measuring Sustainable Development in the New Millennium," World Bank Publications - Books, The World Bank Group, number 2252.
    2. Arrow, Kenneth J. & Dasgupta, Partha & Goulder, Lawrence H. & Mumford, Kevin J. & Oleson, Kirsten, 2012. "Sustainability and the measurement of wealth," Environment and Development Economics, Cambridge University Press, vol. 17(3), pages 317-353, June.
    3. Dasgupta, Partha & Mäler, Karl-Göran, 2000. "Net national product, wealth, and social well-being," Environment and Development Economics, Cambridge University Press, vol. 5(1), pages 69-93, February.
    4. Timothy N. Bond & Kevin Lang, 2019. "The Sad Truth about Happiness Scales," Journal of Political Economy, University of Chicago Press, vol. 127(4), pages 1629-1640.
    5. Dasgupta, Partha, 2001. "Human Well-Being and the Natural Environment," OUP Catalogue, Oxford University Press, number 9780199247882.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Robi Kurniawan & Shunsuke Managi, 2019. "Linking Wealth and Productivity of Natural Capital for 140 Countries Between 1990 and 2014," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(1), pages 443-462, January.
    2. Sugiawan, Yogi & Kurniawan, Robi & Managi, Shunsuke, 2019. "Are carbon dioxide emission reductions compatible with sustainable well-being?," Applied Energy, Elsevier, vol. 242(C), pages 1-11.
    3. Sugiawan, Yogi & Managi, Shunsuke, 2019. "New evidence of energy-growth nexus from inclusive wealth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 103(C), pages 40-48.
    4. Olga V. Zabelina & Maria V. Sergeeva, 2022. "Inclusive economic growth through employment and income: Experience of the Russian Federation," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 21(1), pages 21-48.
    5. Suharno Suharno & Nurul Anwar, 2022. "The Energy Demand Elasticity in Relation to Gross Domestic Product in Indonesia: Sectoral Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 634-640, July.
    6. Soumaïla Gansonré & Ramatu M. Al‐Hassan & Idrissa M. Ouédraogo & George T. Kwadzo & Edward E. Onumah, 2023. "Sustainability and Wealth of Rural Households: Measurement and Inequality Analysis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(1), pages 150-169, March.
    7. Mark Fabian, 2019. "Racing from Subjective Well-Being to Public Policy: A Review of The Origins of Happiness," Journal of Happiness Studies, Springer, vol. 20(6), pages 2011-2026, August.

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    More about this item

    Keywords

    national wealth; capital stocks; measurement; prosperity;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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