Human Capital, Tangible Wealth, and the Intangible Capital Residual

Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its gross domestic product. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts is a fa...

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Bibliographic Details
Main Authors:	Hamilton, Kirk, Liu, Gang
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCOUNTING ACCOUNTING FRAMEWORK ACCOUNTING PERIOD AFFILIATED ORGANIZATIONS ASSET VALUES ASSETS BALANCE SHEET BALANCE SHEETS BANK ASSET CAPITAL ACCOUNTS CAPITAL ACCUMULATION CAPITAL INVESTMENT CAPITAL SHARE CAPITAL STOCK CAPITAL STOCKS COMPARATIVE ANALYSIS CONSTANT RETURNS TO SCALE CURRENCY DEFLATORS DEMOGRAPHIC DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNT RATE DISCOUNT RATES DOLLAR PRICES ECONOMIC RESEARCH ECONOMIC SURVEYS ECONOMIC THEORY ECONOMIC VALUE ECONOMICS LITERATURE ECONOMICS OF EDUCATION ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUIPMENT EXCHANGE RATES EXPECTED VALUE FIXED ASSETS FOREIGN ASSETS FUTURE EARNINGS FUTURE GROWTH GDP GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HOLDING HOMOGENEOUS GOOD HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCOME GROUPS INCOME GROWTH INCOME MEASURES INCOMES INTANGIBLE INTANGIBLE ASSETS INTEREST RATE INTERNATIONAL BANK INVENTORY INVESTING LABOR MARKET MARGINAL PRODUCT MARGINAL UTILITY MARGINAL UTILITY OF CONSUMPTION NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCE NATURAL RESOURCES NET FOREIGN ASSETS PER CAPITA INCOME POSITIVE EXTERNALITIES POTENTIAL OUTPUT POWER PARITIES PRESENT VALUE PRIVATE RETURNS PRODUCTION FUNCTION PURCHASING POWER RATE OF RETURN RATES OF RETURN REAL GDP REAL GROWTH RATE REAL INCOME RETIREMENT RETURN RETURN ON ASSETS RETURNS SAVINGS SAVINGS RATES SOCIAL CAPITAL SOCIAL VALUE STOCKS SUSTAINABLE DEVELOPMENT TECHNOLOGICAL CHANGE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VALUE OF ASSETS WAGES WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2013/03/17488083/human-capital-tangible-wealth-intangible-capital-residual http://hdl.handle.net/10986/13176

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http://documents.worldbank.org/curated/en/2013/03/17488083/human-capital-tangible-wealth-intangible-capital-residual
http://hdl.handle.net/10986/13176

Human Capital, Tangible Wealth, and the Intangible Capital Residual

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