Measuring National Income and Growth in Resource-Rich, Income-Poor Countries

In the decade leading to the recent commodity boom, which peaked in 2007-08, several resource-rich, low-income countries displayed high rates of gross domestic product (GDP) growth while social indicators did not improve significantly. It is well k...

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Main Authors: Hamilton, Kirk, Ley, Eduardo
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2010/08/12779664/measuring-national-income-growth-resource-rich-income-poor-countries
http://hdl.handle.net/10986/11081
id okr-10986-11081
recordtype oai_dc
spelling okr-10986-110812021-04-23T14:02:53Z Measuring National Income and Growth in Resource-Rich, Income-Poor Countries Hamilton, Kirk Ley, Eduardo ACCOUNTING AGRICULTURAL LAND AGRICULTURE ASSETS AVERAGE GROWTH RATES BANK STAFF CAPITAL ACCUMULATION CAPITAL INVESTMENTS CAPITAL STOCK CASH FLOW COMMODITY CONSUMPTION EXPENDITURE DAMAGES DEBT DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC PRODUCT ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC PROGRESS ECONOMICS RESEARCH EMPLOYMENT ENVIRONMENTAL DEGRADATION FINANCIAL ASSETS FISCAL POLICIES FISCAL POLICY FIXED CAPITAL FOREIGN ASSETS FOREIGN INVESTMENT FOREIGN SAVINGS GDP GROSS NATIONAL SAVINGS GROWTH RATES HUMAN CAPITAL INCOME LEVELS INCOMES INTANGIBLE INVESTMENT MANAGEMENT LOW-INCOME COUNTRIES MACROECONOMIC POLICIES MIDDLE-INCOME COUNTRIES MISMANAGEMENT NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCE NATURAL RESOURCES NET FOREIGN ASSETS NET SAVINGS OPERATING EXPENDITURES PER CAPITA INCOME POLLUTION PRODUCTIVITY PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMS REAL GDP RENTS SAVINGS SAVINGS RATES SOCIAL WELFARE SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TAXATION TECHNOLOGICAL CHANGE VIRTUOUS CYCLE VOLATILITY WAGES WEALTH WEALTH CREATION WORLD DEVELOPMENT INDICATORS In the decade leading to the recent commodity boom, which peaked in 2007-08, several resource-rich, low-income countries displayed high rates of gross domestic product (GDP) growth while social indicators did not improve significantly. It is well known that, in itself, the widely tracked GDP may not be the most relevant summary of aggregate economic performance in all places at all times. This note suggests that for countries with significant exhaustible natural resources and important foreign-investor presence, adjusted net national income (aNNI), can usefully complement GDP to assess economic progress. 2012-08-13T14:05:14Z 2012-08-13T14:05:14Z 2010-08 http://documents.worldbank.org/curated/en/2010/08/12779664/measuring-national-income-growth-resource-rich-income-poor-countries http://hdl.handle.net/10986/11081 English PREM Notes; No. 154 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ACCOUNTING
AGRICULTURAL LAND
AGRICULTURE
ASSETS
AVERAGE GROWTH RATES
BANK STAFF
CAPITAL ACCUMULATION
CAPITAL INVESTMENTS
CAPITAL STOCK
CASH FLOW
COMMODITY
CONSUMPTION EXPENDITURE
DAMAGES
DEBT
DEPRECIATION OF ASSETS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DOMESTIC PRODUCT
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC PROGRESS
ECONOMICS RESEARCH
EMPLOYMENT
ENVIRONMENTAL DEGRADATION
FINANCIAL ASSETS
FISCAL POLICIES
FISCAL POLICY
FIXED CAPITAL
FOREIGN ASSETS
FOREIGN INVESTMENT
FOREIGN SAVINGS
GDP
GROSS NATIONAL SAVINGS
GROWTH RATES
HUMAN CAPITAL
INCOME LEVELS
INCOMES
INTANGIBLE
INVESTMENT MANAGEMENT
LOW-INCOME COUNTRIES
MACROECONOMIC POLICIES
MIDDLE-INCOME COUNTRIES
MISMANAGEMENT
NATIONAL INCOME
NATURAL CAPITAL
NATURAL RESOURCE
NATURAL RESOURCES
NET FOREIGN ASSETS
NET SAVINGS
OPERATING EXPENDITURES
PER CAPITA INCOME
POLLUTION
PRODUCTIVITY
PUBLIC INVESTMENT
PUBLIC INVESTMENT PROGRAMS
REAL GDP
RENTS
SAVINGS
SAVINGS RATES
SOCIAL WELFARE
SUSTAINABLE DEVELOPMENT
SUSTAINABLE GROWTH
TAXATION
TECHNOLOGICAL CHANGE
VIRTUOUS CYCLE
VOLATILITY
WAGES
WEALTH
WEALTH CREATION
WORLD DEVELOPMENT INDICATORS
spellingShingle ACCOUNTING
AGRICULTURAL LAND
AGRICULTURE
ASSETS
AVERAGE GROWTH RATES
BANK STAFF
CAPITAL ACCUMULATION
CAPITAL INVESTMENTS
CAPITAL STOCK
CASH FLOW
COMMODITY
CONSUMPTION EXPENDITURE
DAMAGES
DEBT
DEPRECIATION OF ASSETS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DOMESTIC PRODUCT
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC PROGRESS
ECONOMICS RESEARCH
EMPLOYMENT
ENVIRONMENTAL DEGRADATION
FINANCIAL ASSETS
FISCAL POLICIES
FISCAL POLICY
FIXED CAPITAL
FOREIGN ASSETS
FOREIGN INVESTMENT
FOREIGN SAVINGS
GDP
GROSS NATIONAL SAVINGS
GROWTH RATES
HUMAN CAPITAL
INCOME LEVELS
INCOMES
INTANGIBLE
INVESTMENT MANAGEMENT
LOW-INCOME COUNTRIES
MACROECONOMIC POLICIES
MIDDLE-INCOME COUNTRIES
MISMANAGEMENT
NATIONAL INCOME
NATURAL CAPITAL
NATURAL RESOURCE
NATURAL RESOURCES
NET FOREIGN ASSETS
NET SAVINGS
OPERATING EXPENDITURES
PER CAPITA INCOME
POLLUTION
PRODUCTIVITY
PUBLIC INVESTMENT
PUBLIC INVESTMENT PROGRAMS
REAL GDP
RENTS
SAVINGS
SAVINGS RATES
SOCIAL WELFARE
SUSTAINABLE DEVELOPMENT
SUSTAINABLE GROWTH
TAXATION
TECHNOLOGICAL CHANGE
VIRTUOUS CYCLE
VOLATILITY
WAGES
WEALTH
WEALTH CREATION
WORLD DEVELOPMENT INDICATORS
Hamilton, Kirk
Ley, Eduardo
Measuring National Income and Growth in Resource-Rich, Income-Poor Countries
relation PREM Notes; No. 154
description In the decade leading to the recent commodity boom, which peaked in 2007-08, several resource-rich, low-income countries displayed high rates of gross domestic product (GDP) growth while social indicators did not improve significantly. It is well known that, in itself, the widely tracked GDP may not be the most relevant summary of aggregate economic performance in all places at all times. This note suggests that for countries with significant exhaustible natural resources and important foreign-investor presence, adjusted net national income (aNNI), can usefully complement GDP to assess economic progress.
format Publications & Research :: Brief
author Hamilton, Kirk
Ley, Eduardo
author_facet Hamilton, Kirk
Ley, Eduardo
author_sort Hamilton, Kirk
title Measuring National Income and Growth in Resource-Rich, Income-Poor Countries
title_short Measuring National Income and Growth in Resource-Rich, Income-Poor Countries
title_full Measuring National Income and Growth in Resource-Rich, Income-Poor Countries
title_fullStr Measuring National Income and Growth in Resource-Rich, Income-Poor Countries
title_full_unstemmed Measuring National Income and Growth in Resource-Rich, Income-Poor Countries
title_sort measuring national income and growth in resource-rich, income-poor countries
publisher World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2010/08/12779664/measuring-national-income-growth-resource-rich-income-poor-countries
http://hdl.handle.net/10986/11081
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