Home > Term: genuine saving
genuine saving
Measure of the effort to create new wealth. It is the residual of gross domestic product (GDP) less consumption, depreciation of produced assets, and the costs of drawing down natural resources (World Bank, 1995). Negative genuine savings is considered as an indicator of non-sustainable economic performance. See also Environmentally-adjusted Net Capital Formation (ECF).
- Part of Speech: noun
- Industry/Domain: Environment
- Category: Environment statistics
- Company: United Nations
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- J.Small
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