OECD Statistics Working Papers

Human Capital, Tangible Wealth, and the Intangible Capital Residual

DOI:https://doi.org/10.1787/5k4840h633f7-en

Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its GDP. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts (SNA) is a factor of 2.6 to 6.6, depending on whether natural resource...



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