Inclusive wealth with total factor productivity: global sustainability measurement

Abstract

Non-technical abstract Wealth commonly refers to the measure of the value of all assets or capital owned by an individual, community, company or nation. Sustainable development requires that the per capita productive base or comprehensive wealth of an economy should at least not decline over a period of time. We present here a comprehensive assessment of cross-country productivity over a study period of 1990–2010 for 140 countries. We used the concept of inclusive wealth introduced by the United Nations to assess the social value, rather than dollar price, of all each country's assets, including produced, human and natural capital.