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Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its gross domestic product. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts is a factor of 2.6 to 6.6, depending on whether natural...
Persistent link: https://www.econbiz.de/10011395676
This paper combines theory with data from different domains to provide an empirical analysis of the scale and variability of social capital as wealth. The analysis is used to argue, given what has been learned from the literature on social capital, that the welfare returns to investing in trust...
Persistent link: https://www.econbiz.de/10012245850
Persistent link: https://www.econbiz.de/10003956238
With the notable exception of China, in most countries with below-median per capita income the growth rate of the population is greater than that of total wealth. This trend is ultimately unsustainable. For many of these countries, policies for sustainability will require both boosting savings...
Persistent link: https://www.econbiz.de/10010524230
This paper combines theory with data from different domains to provide an empirical analysis of the scale and variability of social capital as wealth. The analysis is used to argue, given what has been learned from the literature on social capital, that the welfare returns to investing in trust...
Persistent link: https://www.econbiz.de/10012968746
Persistent link: https://www.econbiz.de/10015160299
Persistent link: https://www.econbiz.de/10008665574
Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its GDP. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts (SNA) is a factor of 2.6 to 6.6, depending on whether natural resource...
Persistent link: https://www.econbiz.de/10009767817
Persistent link: https://www.econbiz.de/10009725288
Persistent link: https://www.econbiz.de/10010466845