MARC Record from Scriblio

LEADER: 02109cam 22003137a 4500
001 2005617824
003 DLC
005 20050509103148.0
007 cr |||||||||||
008 050509s2005 dcu sb i000 0 eng
010 $a 2005617824
040 $aDLC$cDLC
050 00 $aHG3881.5.W57
100 1 $aHamilton, Kirk,$d1951-
245 10 $aTesting genuine saving$h[electronic resource] /$cKirk Hamilton.
260 $a[Washington, D.C. :$bWorld Bank,$c2005]
490 1 $aPolicy research working paper ;$v3577
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 5/9/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"The World Bank has been publishing estimates of adjusted net or "genuine" saving since 1999. This measure of saving treats depletion of natural resources as a type of economic depreciation. Hamilton uses recent theoretical results relating growth in saving to growth in future consumption to provide a test of genuine saving using historical data. Did measured genuine saving in 1976, for example, "predict" the observed changes in consumption over subsequent decades? The author tests four alternative measures of saving econometrically. The worst measure, in terms of explained variation, is traditional net saving. Genuine saving adjusted to reflect population growth exhibits the worst fit with theory. Both gross saving and genuine saving perform better, with good concordance with theory, while genuine saving exhibits a moderate advantage in terms of goodness of fit. "--World Bank web site.
650 0 $aSaving and investment$xMathematical models.
650 0 $aSustainable development$xMathematical models.
650 0 $aEconomic development$xMathematical models.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3577.
856 40 $uhttp://econbeta.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469372&piPK=64165421&menuPK=64166093&entityID=000012009_20050504150138