Mauritania : Counting on Natural Wealth for a Sustainable Future

A data set of key macro-sustainability indicators, constructed after several fact-finding missions, and World Bank methodologies on estimating wealth accounting are used to study Mauritania's wealth, which is estimated to be between USD50 and...

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Main Author: Mele, Gianluca
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
GDP
ITC
NPV
TAX
Online Access:http://documents.worldbank.org/curated/en/2014/05/19553476/mauritania-counting-natural-wealth-sustainable-future
http://hdl.handle.net/10986/18798
id okr-10986-18798
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
ACCOUNTING PERIOD
ACCOUNTING RULES
AFFILIATE
AFFILIATED ORGANIZATIONS
AGRICULTURE
ARREARS
ASSET VALUES
ASSETS
BALANCE SHEET
BALANCE SHEETS
CAPITAL ASSETS
CAPITAL EXPENDITURES
CAPITAL INVESTMENT
CAPITAL INVESTMENTS
CAPITAL MARKETS
CAPITAL STOCK
CASH TRANSFERS
COMMODITIES
COMMODITY
COMMODITY PRICES
COMPETITIVENESS
CONNECTIVITY
CONSUMPTION EXPENDITURE
CONSUMPTION FUNCTION
CONSUMPTION INCREASES
CORPORATE SOCIAL RESPONSIBILITY
COST OF CAPITAL
CURRENCY
CURRENCY UNITS
CURRENT EXPENDITURES
CURRENT PRICES
DAMAGES
DATA AVAILABILITY
DEBT
DEBT LEVELS
DECISION MAKING
DEMOGRAPHIC
DEPOSITS
DERIVATIVES
DEVELOPING COUNTRIES
DEVELOPING ECONOMIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DEVELOPMENT STRATEGIES
DIMINISHING RETURNS
DISCOUNT RATE
DISPOSABLE INCOME
DOMESTIC INVESTMENT
DURABLES
ECONOMIC DEVELOPMENT
ECONOMIC RESEARCH
ECONOMIC SECTORS
EFFICIENT CAPITAL
EFFICIENT CAPITAL MARKETS
ELASTICITY
EMPLOYMENT
ENERGY EXPORTS
ENVIRONMENTAL DEGRADATION
ENVIRONMENTAL FACTORS
EQUIPMENT
EXCHANGE RATE
EXPENDITURE
EXPENDITURES
EXPORTER
EXPORTERS
EXPORTS
EXTERNAL DEBT
FERTILITY RATE
FINANCIAL ASSETS
FINANCIAL INSTITUTIONS
FISCAL DEFICIT
FISCAL POLICIES
FISCAL POLICY
FIXED CAPITAL
FIXED COSTS
FOOD PRICES
FOREIGN ASSETS
FOREIGN COMPANIES
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTORS
FUTURE GROWTH
FUTURE PRICES
GDP
GDP DEFLATOR
GDP PER CAPITA
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
GROSS NATIONAL SAVINGS
GROSS SALES
GROWTH POTENTIAL
GROWTH RATE
GROWTH RATES
HUMAN CAPITAL
HUMAN DEVELOPMENT
HUMAN RESOURCES
INCOME
INCOMES
INFLATION
INFLATION RATE
INFRASTRUCTURE DEVELOPMENT
INFRASTRUCTURE PROJECTS
INTANGIBLE
INTERNATIONAL BANK
INTERNATIONAL FIRMS
INTERNATIONAL RESERVES
INTERNATIONAL TRADE
INVESTING
INVESTMENT CAPITAL
INVESTMENT POLICIES
INVESTMENT PROJECTS
ITC
JOB CREATION
JOINT VENTURE
LABOR COSTS
LAND AS COLLATERAL
LAND USE
LEVEL OF CONFIDENCE
LIABILITY
LIQUIDITY
LOCAL CURRENCY
LONG-TERM COST
LOW-INCOME COUNTRIES
MACROECONOMIC ANALYSIS
MACROECONOMIC CONTEXT
MACROECONOMIC MANAGEMENT
MACROECONOMIC POLICIES
MARGINAL UTILITY
MARGINAL UTILITY OF CONSUMPTION
MARKET SHARE
MIDDLE-INCOME COUNTRIES
MISMANAGEMENT
MONETARY FUND
MONOPOLY
NATIONAL DEVELOPMENT
NATIONAL INCOME
NATIONAL SAVING
NATURAL CAPITAL
NATURAL RESOURCE
NATURAL RESOURCES
NET FOREIGN ASSETS
NET SAVINGS
NPV
OIL PRICES
OIL RESERVES
OPERATING COSTS
OPPORTUNITY COST
OPPORTUNITY COSTS
OUTPUT
PERMANENT INCOME
PERMANENT INCOME HYPOTHESIS
POLICY CREDIBILITY
POLITICAL ECONOMY
POLLUTION
PRESENT VALUE
PRICE VOLATILITY
PRIVATE CAPITAL
PRIVATE CAPITAL STOCKS
PRIVATE INVESTMENT
PRODUCTION COSTS
PRODUCTIVE CAPITAL
PRODUCTIVITY
PROFIT MARGIN
PROPERTY RIGHTS
PUBLIC AGENCIES
PUBLIC DEBT
PUBLIC EXPENDITURES
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC POLICIES
PUBLIC SPENDING
PUBLIC-PRIVATE PARTNERSHIP
RAPID EXPANSION
RATE OF RETURN
RE-INVESTMENT
REAL GDP
REAL PROPERTY
REINVESTMENT
RENTS
RESERVE
RESERVES
RETURN
SAFETY NETS
SAVINGS
SAVINGS RATE
SAVINGS RATES
SOCIAL DEVELOPMENT
SOCIAL SAFETY NETS
STATISTICAL ANALYSIS
SUSTAINABLE DEVELOPMENT
SUSTAINABLE GROWTH
TAX
TAX ADMINISTRATION
TAX REVENUE
TAX REVENUES
TOTAL COSTS
TOTAL REVENUE
TRADE BALANCE
TRANSPARENCY
TRANSPARENCY INITIATIVE
UTILITY FUNCTION
VALUATION
VARIABLE COST
WAGES
WEALTH
WORLD DEVELOPMENT INDICATORS
WORLD MARKET
spellingShingle ACCOUNTING
ACCOUNTING PERIOD
ACCOUNTING RULES
AFFILIATE
AFFILIATED ORGANIZATIONS
AGRICULTURE
ARREARS
ASSET VALUES
ASSETS
BALANCE SHEET
BALANCE SHEETS
CAPITAL ASSETS
CAPITAL EXPENDITURES
CAPITAL INVESTMENT
CAPITAL INVESTMENTS
CAPITAL MARKETS
CAPITAL STOCK
CASH TRANSFERS
COMMODITIES
COMMODITY
COMMODITY PRICES
COMPETITIVENESS
CONNECTIVITY
CONSUMPTION EXPENDITURE
CONSUMPTION FUNCTION
CONSUMPTION INCREASES
CORPORATE SOCIAL RESPONSIBILITY
COST OF CAPITAL
CURRENCY
CURRENCY UNITS
CURRENT EXPENDITURES
CURRENT PRICES
DAMAGES
DATA AVAILABILITY
DEBT
DEBT LEVELS
DECISION MAKING
DEMOGRAPHIC
DEPOSITS
DERIVATIVES
DEVELOPING COUNTRIES
DEVELOPING ECONOMIES
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DEVELOPMENT STRATEGIES
DIMINISHING RETURNS
DISCOUNT RATE
DISPOSABLE INCOME
DOMESTIC INVESTMENT
DURABLES
ECONOMIC DEVELOPMENT
ECONOMIC RESEARCH
ECONOMIC SECTORS
EFFICIENT CAPITAL
EFFICIENT CAPITAL MARKETS
ELASTICITY
EMPLOYMENT
ENERGY EXPORTS
ENVIRONMENTAL DEGRADATION
ENVIRONMENTAL FACTORS
EQUIPMENT
EXCHANGE RATE
EXPENDITURE
EXPENDITURES
EXPORTER
EXPORTERS
EXPORTS
EXTERNAL DEBT
FERTILITY RATE
FINANCIAL ASSETS
FINANCIAL INSTITUTIONS
FISCAL DEFICIT
FISCAL POLICIES
FISCAL POLICY
FIXED CAPITAL
FIXED COSTS
FOOD PRICES
FOREIGN ASSETS
FOREIGN COMPANIES
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTORS
FUTURE GROWTH
FUTURE PRICES
GDP
GDP DEFLATOR
GDP PER CAPITA
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
GROSS NATIONAL SAVINGS
GROSS SALES
GROWTH POTENTIAL
GROWTH RATE
GROWTH RATES
HUMAN CAPITAL
HUMAN DEVELOPMENT
HUMAN RESOURCES
INCOME
INCOMES
INFLATION
INFLATION RATE
INFRASTRUCTURE DEVELOPMENT
INFRASTRUCTURE PROJECTS
INTANGIBLE
INTERNATIONAL BANK
INTERNATIONAL FIRMS
INTERNATIONAL RESERVES
INTERNATIONAL TRADE
INVESTING
INVESTMENT CAPITAL
INVESTMENT POLICIES
INVESTMENT PROJECTS
ITC
JOB CREATION
JOINT VENTURE
LABOR COSTS
LAND AS COLLATERAL
LAND USE
LEVEL OF CONFIDENCE
LIABILITY
LIQUIDITY
LOCAL CURRENCY
LONG-TERM COST
LOW-INCOME COUNTRIES
MACROECONOMIC ANALYSIS
MACROECONOMIC CONTEXT
MACROECONOMIC MANAGEMENT
MACROECONOMIC POLICIES
MARGINAL UTILITY
MARGINAL UTILITY OF CONSUMPTION
MARKET SHARE
MIDDLE-INCOME COUNTRIES
MISMANAGEMENT
MONETARY FUND
MONOPOLY
NATIONAL DEVELOPMENT
NATIONAL INCOME
NATIONAL SAVING
NATURAL CAPITAL
NATURAL RESOURCE
NATURAL RESOURCES
NET FOREIGN ASSETS
NET SAVINGS
NPV
OIL PRICES
OIL RESERVES
OPERATING COSTS
OPPORTUNITY COST
OPPORTUNITY COSTS
OUTPUT
PERMANENT INCOME
PERMANENT INCOME HYPOTHESIS
POLICY CREDIBILITY
POLITICAL ECONOMY
POLLUTION
PRESENT VALUE
PRICE VOLATILITY
PRIVATE CAPITAL
PRIVATE CAPITAL STOCKS
PRIVATE INVESTMENT
PRODUCTION COSTS
PRODUCTIVE CAPITAL
PRODUCTIVITY
PROFIT MARGIN
PROPERTY RIGHTS
PUBLIC AGENCIES
PUBLIC DEBT
PUBLIC EXPENDITURES
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC POLICIES
PUBLIC SPENDING
PUBLIC-PRIVATE PARTNERSHIP
RAPID EXPANSION
RATE OF RETURN
RE-INVESTMENT
REAL GDP
REAL PROPERTY
REINVESTMENT
RENTS
RESERVE
RESERVES
RETURN
SAFETY NETS
SAVINGS
SAVINGS RATE
SAVINGS RATES
SOCIAL DEVELOPMENT
SOCIAL SAFETY NETS
STATISTICAL ANALYSIS
SUSTAINABLE DEVELOPMENT
SUSTAINABLE GROWTH
TAX
TAX ADMINISTRATION
TAX REVENUE
TAX REVENUES
TOTAL COSTS
TOTAL REVENUE
TRADE BALANCE
TRANSPARENCY
TRANSPARENCY INITIATIVE
UTILITY FUNCTION
VALUATION
VARIABLE COST
WAGES
WEALTH
WORLD DEVELOPMENT INDICATORS
WORLD MARKET
Mele, Gianluca
Mauritania : Counting on Natural Wealth for a Sustainable Future
geographic_facet Africa
Mauritania
relation Policy Research Working Paper;No. 6887
description A data set of key macro-sustainability indicators, constructed after several fact-finding missions, and World Bank methodologies on estimating wealth accounting are used to study Mauritania's wealth, which is estimated to be between USD50 and USD60 billion. The country's produced wealth represents roughly 12 percent of total wealth, much less than in lower-middle-income countries; by contrast, natural wealth represents approximately 45 percent of the total figure. Renewable resources account for slightly less than two-thirds of natural wealth, with fisheries alone equaling about one-fourth of natural wealth. This is good news for Mauritania, as sound management of these resources may ensure a constant flow of resources in the future and therefore -- with adequate policies -- the achievement of the same or higher levels of welfare for future generations. On the negative side, however, the ratio of net adjusted savings over gross national income is estimated to have been negative since 2006, meaning that the wealth of the country is being depleted. Mauritania has recently joined the ranks of lower-middle-income countries, largely thanks to its considerable natural resources endowment. Over time the mining sector's contribution to gross domestic product has grown significantly and important discoveries continue to be made. The overarching objective of this wealth accounting exercise is thus to support Mauritania to measure its assets better and achieve a more complete picture of the prospects for future income, with a view to better orienting public policies toward sustainable growth and shared prosperity. The paper concludes with several indicative policy recommendations.
format Publications & Research :: Policy Research Working Paper
author Mele, Gianluca
author_facet Mele, Gianluca
author_sort Mele, Gianluca
title Mauritania : Counting on Natural Wealth for a Sustainable Future
title_short Mauritania : Counting on Natural Wealth for a Sustainable Future
title_full Mauritania : Counting on Natural Wealth for a Sustainable Future
title_fullStr Mauritania : Counting on Natural Wealth for a Sustainable Future
title_full_unstemmed Mauritania : Counting on Natural Wealth for a Sustainable Future
title_sort mauritania : counting on natural wealth for a sustainable future
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2014/05/19553476/mauritania-counting-natural-wealth-sustainable-future
http://hdl.handle.net/10986/18798
_version_ 1764442716629893120
spelling okr-10986-187982021-04-23T14:03:49Z Mauritania : Counting on Natural Wealth for a Sustainable Future Mele, Gianluca ACCOUNTING ACCOUNTING PERIOD ACCOUNTING RULES AFFILIATE AFFILIATED ORGANIZATIONS AGRICULTURE ARREARS ASSET VALUES ASSETS BALANCE SHEET BALANCE SHEETS CAPITAL ASSETS CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKETS CAPITAL STOCK CASH TRANSFERS COMMODITIES COMMODITY COMMODITY PRICES COMPETITIVENESS CONNECTIVITY CONSUMPTION EXPENDITURE CONSUMPTION FUNCTION CONSUMPTION INCREASES CORPORATE SOCIAL RESPONSIBILITY COST OF CAPITAL CURRENCY CURRENCY UNITS CURRENT EXPENDITURES CURRENT PRICES DAMAGES DATA AVAILABILITY DEBT DEBT LEVELS DECISION MAKING DEMOGRAPHIC DEPOSITS DERIVATIVES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DIMINISHING RETURNS DISCOUNT RATE DISPOSABLE INCOME DOMESTIC INVESTMENT DURABLES ECONOMIC DEVELOPMENT ECONOMIC RESEARCH ECONOMIC SECTORS EFFICIENT CAPITAL EFFICIENT CAPITAL MARKETS ELASTICITY EMPLOYMENT ENERGY EXPORTS ENVIRONMENTAL DEGRADATION ENVIRONMENTAL FACTORS EQUIPMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT FERTILITY RATE FINANCIAL ASSETS FINANCIAL INSTITUTIONS FISCAL DEFICIT FISCAL POLICIES FISCAL POLICY FIXED CAPITAL FIXED COSTS FOOD PRICES FOREIGN ASSETS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN INVESTORS FUTURE GROWTH FUTURE PRICES GDP GDP DEFLATOR GDP PER CAPITA GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL SAVINGS GROSS SALES GROWTH POTENTIAL GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCES INCOME INCOMES INFLATION INFLATION RATE INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS INTANGIBLE INTERNATIONAL BANK INTERNATIONAL FIRMS INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTING INVESTMENT CAPITAL INVESTMENT POLICIES INVESTMENT PROJECTS ITC JOB CREATION JOINT VENTURE LABOR COSTS LAND AS COLLATERAL LAND USE LEVEL OF CONFIDENCE LIABILITY LIQUIDITY LOCAL CURRENCY LONG-TERM COST LOW-INCOME COUNTRIES MACROECONOMIC ANALYSIS MACROECONOMIC CONTEXT MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MARGINAL UTILITY MARGINAL UTILITY OF CONSUMPTION MARKET SHARE MIDDLE-INCOME COUNTRIES MISMANAGEMENT MONETARY FUND MONOPOLY NATIONAL DEVELOPMENT NATIONAL INCOME NATIONAL SAVING NATURAL CAPITAL NATURAL RESOURCE NATURAL RESOURCES NET FOREIGN ASSETS NET SAVINGS NPV OIL PRICES OIL RESERVES OPERATING COSTS OPPORTUNITY COST OPPORTUNITY COSTS OUTPUT PERMANENT INCOME PERMANENT INCOME HYPOTHESIS POLICY CREDIBILITY POLITICAL ECONOMY POLLUTION PRESENT VALUE PRICE VOLATILITY PRIVATE CAPITAL PRIVATE CAPITAL STOCKS PRIVATE INVESTMENT PRODUCTION COSTS PRODUCTIVE CAPITAL PRODUCTIVITY PROFIT MARGIN PROPERTY RIGHTS PUBLIC AGENCIES PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICIES PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP RAPID EXPANSION RATE OF RETURN RE-INVESTMENT REAL GDP REAL PROPERTY REINVESTMENT RENTS RESERVE RESERVES RETURN SAFETY NETS SAVINGS SAVINGS RATE SAVINGS RATES SOCIAL DEVELOPMENT SOCIAL SAFETY NETS STATISTICAL ANALYSIS SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TAX TAX ADMINISTRATION TAX REVENUE TAX REVENUES TOTAL COSTS TOTAL REVENUE TRADE BALANCE TRANSPARENCY TRANSPARENCY INITIATIVE UTILITY FUNCTION VALUATION VARIABLE COST WAGES WEALTH WORLD DEVELOPMENT INDICATORS WORLD MARKET A data set of key macro-sustainability indicators, constructed after several fact-finding missions, and World Bank methodologies on estimating wealth accounting are used to study Mauritania's wealth, which is estimated to be between USD50 and USD60 billion. The country's produced wealth represents roughly 12 percent of total wealth, much less than in lower-middle-income countries; by contrast, natural wealth represents approximately 45 percent of the total figure. Renewable resources account for slightly less than two-thirds of natural wealth, with fisheries alone equaling about one-fourth of natural wealth. This is good news for Mauritania, as sound management of these resources may ensure a constant flow of resources in the future and therefore -- with adequate policies -- the achievement of the same or higher levels of welfare for future generations. On the negative side, however, the ratio of net adjusted savings over gross national income is estimated to have been negative since 2006, meaning that the wealth of the country is being depleted. Mauritania has recently joined the ranks of lower-middle-income countries, largely thanks to its considerable natural resources endowment. Over time the mining sector's contribution to gross domestic product has grown significantly and important discoveries continue to be made. The overarching objective of this wealth accounting exercise is thus to support Mauritania to measure its assets better and achieve a more complete picture of the prospects for future income, with a view to better orienting public policies toward sustainable growth and shared prosperity. The paper concludes with several indicative policy recommendations. 2014-06-26T21:31:21Z 2014-06-26T21:31:21Z 2014-05 http://documents.worldbank.org/curated/en/2014/05/19553476/mauritania-counting-natural-wealth-sustainable-future http://hdl.handle.net/10986/18798 English en_US Policy Research Working Paper;No. 6887 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Africa Mauritania