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Net National Value (NNV) Project August 20, 2010 Papic/Powers/Reinfrank/Stech/Preisler. INTRODUCTION. Methodology. Two Key Studies: World Bank, Where is the Wealth of Nations . Kirk Hamilton, et al. 2006.
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Net National Value (NNV) Project August 20, 2010 Papic/Powers/Reinfrank/Stech/Preisler
Methodology • Two Key Studies: • World Bank, Where is the Wealth of Nations. Kirk Hamilton, et al. 2006. • United Nations, Estimating the Level and Distribution of Global Household Wealth. James B. Davies, et al. 2007. • Two STRATFOR variables: • Military assets (Powers); • Financial assets (Reinfrank).
Where is the Wealth of Nations • Two Key Methods: • Net Present Value (NPV); • Perpetual Inventory Model (PIM).
Variables Covered by World Bank Study • NATURAL CAPITAL: • Subsoil Assets • Timber Resources • NTFR • Cropland • Pastureland • PA – Protected Areas • PRODUCED CAPITAL: • Machinery, Equipment and Structures • Urban Land
Variables Covered by UN • Household Assets • Financial Assets (stocks, retirement funds, etc.) • Non-Financial Assets (housing) • Durable goods at their present value.
Variables Covered by STRATFOR • Military Assets (Powers) • Financial Assets – Stock Market Capitalizations (Reinfrank)
Conclusion on Variables • Double counting? Overlap? • SOME • Perfect? • NO • Standardized across countries? • MOSTLY