Lugar: Sala de Reuniones del Departamento de Economía. Edificio Los Madroños, 2ª planta (ECON-2026)

Ponente: Cristián A. Ducoing (UPNA)

Título: Assessing long run Sustainable Development. Evidence from Global Genuine Savings (trabajo conjunto con E. Mclaughlin y L. Oxley).

Abstract:    Long run economic development has focused on income but it has overlooked the role of wealth in future well-being. We addressed this shortcoming using a novel data base that links historical trends estimated by Mclaughin et al. (2022) with more recent developments. In a provoking paper, Sullivan & Hickel (2023) take a critic position of economic growth and development in the last 400 years, basing their findings in a correlation between capitalism and poverty. We challenge these assumptions from an perspective based in the role of savings and investment in economic progress. Declining trends in savings, specially when we include in our accounting the depreciation of our natural assets, its a main concern for the future.