Human Capital, Tangible Wealth, and the Intangible Capital Residual

Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its gross domestic product. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts is a fa...

Full description

Bibliographic Details
Main Authors: Hamilton, Kirk, Liu, Gang
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
GDP
Online Access:http://documents.worldbank.org/curated/en/2013/03/17488083/human-capital-tangible-wealth-intangible-capital-residual
http://hdl.handle.net/10986/13176