Comprehensive wealth and sustainable development in India

MPRA Paper from University Library of Munich, Germany

Abstract: Sustainable development requires that the per capita productive base or comprehensive wealth of an economy should, at least, not decline over the period of time. This study provides estimates of the growth rate of per capita comprehensive wealth for the Indian economy for the period 1991-2006. The growth rate of per capita comprehensive wealth is estimated to be 4.39 percent whereas the growth rate of per capita GDP is 4.42 percent. We find that though the growth rate of manufactured and human capital has been more than enough to offset the decline in natural assets, thereby leading to an improvement in the productive base of the economy, the growing resource and energy use intensity remains an issue of major concern.

Keywords: Sustainability; development; human capital; comprehensive wealth (search for similar items in EconPapers)
JEL-codes: D62 D92 E01 H23 N50 (search for similar items in EconPapers)
Date: 2013-01-15
New Economics Papers: this item is included in nep-dev and nep-hap
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:43809

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