David Greasley (University of Edinburgh), Nick Hanley (University of St. Andrews), Eoin McLaughlin (University of St. Andrews) y Les Oxley (University
of Waikato) publicaron el artículo Australia: a Land of Missed Opportunities?. Su abstract dice "Comprehensive
Investment (CI) may provide an indicator of future changes in a country’s per
capita consumption. We explore the utility of the CI indicator for Australia by
constructing CI data since 1861 and by estimating their relationship with
changes in future consumption over periods of 50 years ahead. The CI measures
include changes in natural, produced and human capital, and make allowance for
exogenous technological progress.The results are used to consider how
Australia’s natural capital exploitation influenced the consumption of future
generations. Further, we gauge if low CI relative to other leading OECD
countries resulted in lower consumption levels in Australia over time than
feasible, had it saved more."
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