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Net National Value (NNV) Project August 20, 2010 Papic/Powers/Reinfrank/Stech/Preisler
INTRODUCTIONINTRODUCTION
MethodologyMethodology
• 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 NationsWhere is the Wealth of Nations
• Two Key Methods: – Net Present Value (NPV);– Perpetual Inventory Model (PIM).
Where is the Wealth of Nations Where is the Wealth of Nations (cont.)(cont.)
Variables Covered by World Variables Covered by World Bank StudyBank Study
• NATURAL CAPITAL:– Subsoil Assets– Timber Resources– NTFR – Cropland– Pastureland – PA – Protected Areas
• PRODUCED CAPITAL: – Machinery, Equipment and Structures– Urban Land
Variables Covered by UNVariables Covered by UN
• Household Assets– Financial Assets (stocks,
retirement funds, etc.) – Non-Financial Assets (housing)– Durable goods at their present
value.
Variables Covered by Variables Covered by STRATFORSTRATFOR
• Military Assets (Powers)• Financial Assets – Stock Market
Capitalizations (Reinfrank)
Conclusion on VariablesConclusion on Variables
• Double counting? Overlap? – SOME
• Perfect? – NO
• Standardized across countries?– MOSTLY
RESULTSRESULTS
More DataMore Data
And… Moooore DataAnd… Moooore Data
FinFin
Questions?Questions?