We study the impact of natural resource abundance and resource inequality on capital accumulation in a simultaneous model of physical and human capital for a sample of 18 Latin American countries from 1970-2004. We find that physical and human capital are jointly determined, in that human capital has a positive and significant effect on physical capital and vice versa. We show that the long run...

The present descriptive survey aims to analyze sustainable rural livelihood in Langarud County of Guilan province, Iran. The statistical population was composed of all rural people in this county (N=37904). Convenience sampling used to determine sample size (n=180). They were selected by proportionally allocated random sampling method. The research instrument was a self-designed questionnaire w...

In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods must be produced at home and adjustment to natural resource windfall takes time. It takes time to buil...

The Brundtland Report suggested that there are close causal links between environmental change and poverty. However, the empirical evidence of the effects of poverty on the use made of environmental assets or natural capital is ambiguous. This paper focuses on the relation between poverty and the relative importance of natural and produced capital. Poverty affects stocks of natural and produced...

Estelle J. Dominati AgResearch, Grasslands Research Centre, Tennent Drive, Private Bag 11008, Palmerston North 4442, New Zealand ABSTRACT: The concepts of natural capital, ecological infrastructure, and ecosystem services are reviewed for soils and managed landscapes. Translating theoretical frameworks and insights addressing soil functioning into operational models and tools for resource manag...

JEL classification: C31 D6 O13 Q56 The measurement of natural capital and its management during the economic development process are important aspects of the capital approach to sustainable development. However, the assessment of social welfare in terms of genuine savings (or changes in total wealth per capita) is arguably too limited. This paper tries to make a case for the incorporation of su...

Natural capital is essential for goods and services on which people depend. Yet pressures on the environment mean that natural capital assets are continuing to decline and degrade, putting such benefits at risk. Systematic monitoring of natural assets is a major challenge that could be both unaffordable and unmanageable without a way to focus efforts. Here we introduce a simple approach, based ...

legal capital refers to the disciplinary spirit governing the relations among citizens within the frameworks defined by societies’ statutory and customary law. based on the present view, any social development is meaningless within a society which lacks legal capital, i.e. legal capital is formed in societies where the rule of law is previously established. therefore, rule of law indicates a su...