Historical wealth accounts for Britain: progress and puzzles in measuring the sustainability of economic growth
报告了英国1760-2000年间的综合财富估算,包括生产资本、自然资本和人力资本,并分析了真实储蓄随时间的变化,探讨了人口变化和二氧化碳排放对财富的影响。
Estimates of Britain’s comprehensive wealth are reported for the period 1760–2000. They include measures of produced, natural, and human capital, and illustrate the changing composition of Britain’s assets over this time period. We show how genuine savings, GS (a year-on-year measure of the change in total capital and a claimed indicator of sustainable development) has evolved over time. Changes in total wealth are compared to alternative, investment-based measures of GS, including variants augmented with the value of exogenous technology. Additionally, the possible effects of population change on wealth, and the implications of including carbon-dioxide emissions in natural capital are considered.