Greasley, D., McLaughlin, E., Hanley, N. and Oxley, L. (2017) Australia: a land of missed opportunities? Environment and Development Economics, 22(6), pp. 674-698. (doi: 10.1017/S1355770X17000110)
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Abstract
Comprehensive Investment (CI) may provide an indicator of future changes in a country's per capita consumption. The authors 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, the authors 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.
| Item Type: | Articles |
|---|---|
| Additional Information: | The authors thank the Leverhulme Trust for funding this work. |
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Hanley, Professor Nicholas |
| Authors: | Greasley, D., McLaughlin, E., Hanley, N., and Oxley, L. |
| College/School: | College of Medical Veterinary and Life Sciences > School of Biodiversity, One Health & Veterinary Medicine |
| Journal Name: | Environment and Development Economics |
| Publisher: | Cambridge University Press |
| ISSN: | 1355-770X |
| ISSN (Online): | 1469-4395 |
| Published Online: | 02 May 2017 |
| Copyright Holders: | Copyright © 2017 Cambridge University Press |
| First Published: | First published in Environment and Development Economics 22(6): 674-698 |
| Publisher Policy: | Reproduced in accordance with the publisher copyright policy |
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