The Role of Technological Progress in Testing Adjusted Net Savings: Evidence from OECD Countries

Mota, Rui; Cunha-e-Sá, Maria A.

doi:10.1016/j.ecolecon.2019.106382

Cited by 5 publications

(4 citation statements)

References 32 publications

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“…"purely endogenous technical progress" (Pemberton and Ulph, 2001). Strong arguments have been made to "augment" the World Bank's GS estimates by including exogenous technical progress (Weitzman 1997, Pemberton andUlph, 2001;Pezzey, 2004;Pezzey et al, 2006;Mota et al, 2010;Greasley et al, 2014;Hanley et al, 2015;Blum et al, 2017, Mota andCunha-e-Sá, 2019). In general, GS studies have included exogenous technical progress by estimating the "Solow residual" or total factor productivity (TFP) from a standard growth accounting exercise.…”

Section: Methodsmentioning

confidence: 99%

“…(4) Incorporate the present value of future technological change, a key factor for enhancing the predictive power of GS (Weitzman 1997;Greasley et al, 2014;Mota and Cunha-e-Sá, 2019) exists that characterises all the constraints faced by the given economy. The constraints cover all real-world distortions be they technical, institutional or environmental and co-evolve with the economy over time to form the superstructure for resource allocation decisions.…”

Section: -Wp-semru-06mentioning

confidence: 99%

“…To address this issue GSTFP estimates are presented where human capital is removed from the model as part of the sensitivity analysis. Mota and Cunha-e-Sá, (2019) suggest that making the adjustments for human capital changes within the TFP estimates has a negligible impact.…”

Section: -Wp-semru-06mentioning

confidence: 99%

“…There is a limited but growing literature on long-run GS studies that have tended to examine large early developed economies such as Great Britain (Greasley et al, 2014), the USA (Greasley et al, 2013), Germany (Blum et al, 2019) and Australia (Greasley et al, 2017). One exception is the study by Lindmark and Acar (2013) welfare over twenty to thirty years (Greasley et al, 2014;Hanley et al, 2016;Mota and Cunha-e-Sá, 2019;Qasim et al, 2020). Sweden converged to high-income status by the 1970s placing the likely key period of Sweden's great transition somewhere from 1930-55.…”

Section: -Wp-semru-06mentioning

confidence: 99%

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Reassessing Ireland’s economic development through the lens of sustainable development

McGrath

Hynes

McHale

2021

European Review of Economic History

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After a century of Irish independence, this study constructs long run Genuine Savings estimates, a leading economic indicator of sustainable development, to reassess Irish economic history from the vantage of sustainable development. The main difference uncovered surrounds the post-1950 period where Ireland failed to achieve economic convergence and was considered an economic failure in growth terms. From a sustainability perspective, Ireland may have been an overachiever during a “great transition” of sustainable development driven by improved institutions and policies. The findings show the value of the sustainable development perspective in shedding new light on a country’s development experience.

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