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The Inclusion of Natural Resource Wealth in the Index of Economic Well-Being : Results for Oecd Countries, 1980-2013

Author: Richard Beard; Canadian Electronic Library (Firm)
Publisher: Ottawa, ON, CA : Centre for the Study of Living Standards, 2017.
Series: CSLS Research Report., DesLibris., Documents collection. ;, 2017-04.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This report presents augmented estimates of the Index of Economic Well-being (IEWB) for 14 OECD countries for the 1980-2013 period. The new estimates account for the inclusion of an internationally comparable measure of natural resource wealth which had been absent from previous IEWB reports. It finds that in 2013 Norway had the highest level of economic wellbeing and Spain the lowest. Despite being a resource rich  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Richard Beard; Canadian Electronic Library (Firm)
OCLC Number: 1001121305
Notes: Issued as part of the desLibris documents collection.
Description: 1 online resource (31 pages).
Details: Mode of access: World Wide Web.
Series Title: CSLS Research Report., DesLibris., Documents collection. ;, 2017-04.
Responsibility: Richard Beard.
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Abstract:

This report presents augmented estimates of the Index of Economic Well-being (IEWB) for 14 OECD countries for the 1980-2013 period. The new estimates account for the inclusion of an internationally comparable measure of natural resource wealth which had been absent from previous IEWB reports. It finds that in 2013 Norway had the highest level of economic wellbeing and Spain the lowest. Despite being a resource rich country, Canada ranked eleventh among the fourteen countries for economic well-being. Australia ascended the most in the Index of Economic Well-being rankings with the inclusion of natural resource wealth, rising from seventh to fourth. A case study on the sensitivity of Norway's natural capital to oil prices revealed that Norway's first place ranking in the Index of Economic Well-being is robust to volatility in resource prices.

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