Environment and Energy Research

About

Countries

Data & Research

Learning

News

Projects & Operations

Publications

Topics

Home > Data & Research > Research > Programs > Environment and Ener... > ImagebankContents

Comprehensive wealth, intangible capital, and development

Author:	Ferreira, Susana; Hamilton, Kirk;	Collection Title:	Policy Research working paper ; no. WPS 5452
Country:	World;	Date Stored:	2010/10/20
Document Date:	2010/10/01	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	Energy and mining; Agriculture, fishing, and forestry; Water, sanitation and flood protection
Rel. Proj ID:	1W-Research Papers From K Hamilton Wdr2010 Background Papers -- -- P118749;	Region:	The World Region
Report Number:	WPS5452	Sub Sectors:	General agriculture, fishing and forestry sector; General water, sanitation and flood protection sector; General energy sector
SubTopics:	Economic Theory & Research; Emerging Markets; Banks & Banking Reform; Debt Markets; Investment and Investment Climate	Volume No:	1 of 1

Summary: Existing wealth estimates show that in most countries intangible capital is the largest share of total wealth. Intangible capital is calculated as the difference between total wealth and tangible (produced and natural) capital. This paper uses new estimates of total wealth, natural capital, and physical capital for a panel of countries to shed light on the constituents of the intangible capital residual. In a development-accounting framework, the authors show that factors of production are very successful in explaining the variation in output per worker when they use intangible capital instead of human capital as a factor of production. This suggests that intangible capital captures a broad range of assets typically included in the total factor productivity residual. Human capital is an important factor, both in statistical and economic terms, in regressions decomposing intangible capital.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 30 pages	Official version*	2.1 (approx.)
	Text	Text version**

	See documents related to this project

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: http://go.worldbank.org/Z9ZQ2MK4W0