Measuring National Income and Growth in Resource-Rich, Income-Poor Countries

Hamilton, Kirk; Ley, Eduardo

Measuring National Income and Growth in Resource-Rich, Income-Poor Countries

2010

Hamilton, Kirk | Ley, Eduardo

In the decade leading to the recent commodity boom, which peaked in 2007-08, several resource-rich, low-income countries displayed high rates of gross domestic product (GDP) growth while social indicators did not improve significantly. It is well known that, in itself, the widely tracked GDP may not be the most relevant summary of aggregate economic performance in all places at all times. This note suggests that for countries with significant exhaustible natural resources and important foreign-investor presence, adjusted net national income (aNNI), can usefully complement GDP to assess economic progress.

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accounting agricultural land agriculture assets cash flow debt developing countries development economics economic development economic growth employment environmental degradation fiscal policies fixed capital foreign investment human capital national income natural capital natural resources pollution productivity public investment savings social welfare sustainable development taxation volatility wages

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Editorial

World Bank, Washington, DC

Otras materias

Middle-income countries; Capital accumulation; Capital investments; Capital stock; Wealth; Damages; Consumption expenditure; Economic progress; Financial assets; Investment management; Net foreign assets; Technological change; Savings rates; Economics research; Mismanagement; Sustainable growth; Virtuous cycle; Average growth rates; Public investment programs; Commodity; Net savings; Low-income countries; Operating expenditures; Growth rates; Foreign assets; Gdp; World development indicators; Gross national savings; Depreciation of assets; Income levels; Economic performance; Per capita income; Wealth creation; Macroeconomic policies; Rents; Fiscal policy; Foreign savings; Real gdp; Intangible; Natural resource; Incomes; Domestic product

Licencia

Economic Premise; No. 28http://creativecommons.org/licenses/by/3.0/World BankCC BY 3.0 Unported

Fuente

Economic Premise; No. 28

En AGRIS desde: 2014-09-15

Formato: AGRIS AP

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http://hdl.handle.net/10986/10165

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Measuring National Income and Growth in Resource-Rich, Income-Poor Countries

2010

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Información bibliográfica