Title:Genuine Savings and the Voracity Effect
Author(s):VAN DER PLOEG, FrederickDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2007/38Abstract:Many resource-rich countries have negative genuine saving rates, so deplete their exhaustible
natural resource wealth faster than they build up wealth in other assets. This phenomenon is
stronger in more fractionalized ...