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GENUINE SAVING

Statistics Directorate    
Definition:
Genuine saving adjusts SNA saving by deducting the value of depletion of the underlying resource asset and pollution damages, and considers current educational spending as an increase in saving, since this spending may be considered to be an investment in human capital (rather than consumption, as in the traditional national accounts).

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank, 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 10.159.

Statistical Theme: Environmental statistics

Created on Tuesday, July 05, 2005

Last updated on Wednesday, November 30, 2005