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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/11881
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dc.contributor.authorGreasley, Daviden_UK
dc.contributor.authorHanley, Nicholasen_UK
dc.contributor.authorKunnas, Janen_UK
dc.contributor.authorMcLaughlin, Eoinen_UK
dc.contributor.authorOxley, Lesen_UK
dc.contributor.authorWarde, Paulen_UK
dc.date.accessioned2017-06-27T00:31:05Z-
dc.date.available2017-06-27T00:31:05Z-
dc.date.issued2013-04-30en_UK
dc.identifier.urihttp://hdl.handle.net/1893/11881-
dc.description.abstractThis paper reports long-run tests of how comprehensive investment (CI) predicts future well-being in the USA. Theory suggests that a country with a positive level of CI should experience non-declining future utility. Despite the widespread uptake of CI, previous tests of its predictive power are for short time intervals. We assemble data for increasingly-comprehensive measures of US capital back to 1869 which are used to predict future consumption per capita. Our results show that with the inclusion of natural and human capital, CI can predict changes in future well-being reasonably well over 20 years into the future. Extending CI, to include measures of intangible or social capital, yield results that closely predict consumption over 20-50 years horizons.en_UK
dc.language.isoenen_UK
dc.relationGreasley D, Hanley N, Kunnas J, McLaughlin E, Oxley L & Warde P (2013) Comprehensive investment and future well-being in the USA, 1869-2000. Stirling Economics Discussion Paper, 2013-06.en_UK
dc.relation.ispartofseriesStirling Economics Discussion Paper, 2013-06en_UK
dc.subjectsustainable developmenten_UK
dc.subjectnatural resourcesen_UK
dc.subjectintangible capitalen_UK
dc.subjectcomprehensive investmenten_UK
dc.subjectfuture well-beingen_UK
dc.subjectUS economic growthen_UK
dc.titleComprehensive investment and future well-being in the USA, 1869-2000en_UK
dc.typeWorking Paperen_UK
dc.citation.publicationstatusUnpublisheden_UK
dc.citation.peerreviewedUnrefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.author.emailn.d.hanley@stir.ac.uken_UK
dc.citation.date30/04/2013en_UK
dc.subject.jelE01: Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accountsen_UK
dc.subject.jelE21: Macroeconomics: Consumption; Saving; Wealthen_UK
dc.subject.jelN11: Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: Pre-1913en_UK
dc.subject.jelO11: Macroeconomic Analyses of Economic Developmenten_UK
dc.subject.jelO44: Environment and Growthen_UK
dc.subject.jelQ01: Sustainable Developmenten_UK
dc.contributor.affiliationUniversity of Edinburghen_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationUniversity of Edinburghen_UK
dc.contributor.affiliationUniversity of Waikatoen_UK
dc.contributor.affiliationUniversity of East Angliaen_UK
dc.identifier.wtid710292en_UK
dcterms.dateAccepted2013-04-30en_UK
dc.date.filedepositdate2013-04-12en_UK
rioxxterms.typeWorking paperen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorGreasley, David|en_UK
local.rioxx.authorHanley, Nicholas|en_UK
local.rioxx.authorKunnas, Jan|en_UK
local.rioxx.authorMcLaughlin, Eoin|en_UK
local.rioxx.authorOxley, Les|en_UK
local.rioxx.authorWarde, Paul|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2013-04-30en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||2013-04-30en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/all-rights-reserved|2013-04-30|en_UK
local.rioxx.filenameSEDP-2013-06-Greasley-Hanley-Kunnas-McLaughlin-Oxley-Warde.pdfen_UK
local.rioxx.filecount1en_UK
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