The role of technological progress in testing adjusted net savings. Evidence from OECD countries.

Autor/inn/en	Mota, Rui Pedro; Cunha-e-Sá, Maria A.
Titel	The role of technological progress in testing adjusted net savings. Evidence from OECD countries. Gefälligkeitsübersetzung: Die Rolle des technologischen Fortschritts für die Überprüfung bereinigter Nettoersparnisse. Erkenntnisse aus OECD-Ländern.
Quelle	In: Ecological economics, 164 (2019) Art. 106382 PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	0921-8009
DOI	10.1016/j.ecolecon.2019.106382
Schlagwörter	Bildung; Energieverbrauch; Technologische Entwicklung; Umweltverschmutzung; Ausgaben; Konsum; Konsumverhalten; Nachhaltige Entwicklung; Sparen; Internationaler Vergleich; Auswirkung; Quote; Rohstoffnutzung; Sparverhalten; OECD (Organisation für wirtschaftliche Zusammenarbeit und Entwicklung); Australien; Belgien; Dänemark; Finnland; Frankreich; Griechenland; Großbritannien; Irland; Island; Italien; Japan; Kanada; Luxemburg; Niederlande; Norwegen; Portugal; Schweden; Spanien; USA; Österreich
Abstract	"In this paper we investigate the relationship between comprehensive measures of savings and changes in future consumption in OECD countries. This relationship is at the basis of the interpretation of adjusted net savings as a weak sustainability indicator, and so, evidence of its validity provides support to the use of this indicator. We construct various measures of comprehensive savings for 20 OECD countries to include depletion from non-renewable resources, human capital investment and technological progress. Given their importance, especially for rich countries, we focus on the role of technical progress and human capital, in the form of changes in education level. We do not find strong evidence in favor of including green adjustments in the conventional net savings. However, we find compelling evidence for the inclusion of technological progress. Since this involves a forward looking term, the above result suggests that to construct an indicator of weak sustainability from conventional net savings, some estimate of future technological progress is needed." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2020/3