Economic theory predicts that the current change in national wealth, broadly defined to include natural and human capital as well as produced capital, determines whether the present value of future changes in consumption is positive or negative. Theoretical research has focused on the effects of population growth on this relation, but no rigorous empirical investigation has been conducted. Panel data for 64 developing countries during 1970-82 are...
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2008/05/25
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Artigo de revista
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76248
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1
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1
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2013/03/26
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Disclosed
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Comprehensive wealth and future consumption : accounting for population growth
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population growth rate
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