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    Australia: a land of missed opportunities?

    Access Status
    Fulltext not available
    Authors
    Greasley, D.
    McLaughlin, E.
    Hanley, N.
    Oxley, Leslie
    Date
    2017
    Type
    Journal Article
    
    Metadata
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    Citation
    Greasley, D. and McLaughlin, E. and Hanley, N. and Oxley, L. 2017. Australia: a land of missed opportunities? Environment and Development Economics. 22 (6): pp. 674-698.
    Source Title
    Environment and Development Economics
    DOI
    10.1017/S1355770X17000110
    ISSN
    1355-770X
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/56961
    Collection
    • Curtin Research Publications
    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.

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