关键词: 真实储蓄, 政府经常性支出, 国民财富, 制度资本, 可持续发展

Abstract: We improve the genuine savings rate from two aspects. First, we add government recurrent expenditure in genuine savings rate, from which we solve the inconsistency of genuine savings and new national wealth accounting. Second, we adjust the genuine savings rate by import and export, which can consider the opening risk of a nation. Adding government recurrent expenditure as institutional capital in genuine savings rate is proved reasonable in the empirical research, and import and export shows its importance in capital efficiency of genuine savings, but adding it to genuine saving rates linearly is not supported in the empirical research.

Key words: Genuine Savings, Government Recurrent Expenditure, National Wealth, Institutional Capital, Sustainable Development