Genuine Savings and Sustainability

Nick Hanley (), Louis Dupuy and Eoin McLaughlin
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Nick Hanley: School of Geography and Sustainable Development, University of St. Andrews

No 2014-09, Discussion Papers in Environment and Development Economics from University of St. Andrews, School of Geography and Sustainable Development

Abstract: Genuine Savings has emerged as the leading economic indicator of sustainable economic development at the country level. It derives from the literatures on weak sustainability, wealth accounting and national income accounting. The paper is structured as follows: section 1 introduces the basic measure and the idea of weak sustainability. Section two provides an overview of the intellectual history of Genuine Savings (GS). This is followed by an outline of the basic theoretical structure underlying GS as well as extensions to this model. Section 4 provides an overview of empirical estimates of GS and section 5 looks at tests of the predictive power of GS. Section 6 concludes by assessing whether GS is in fact a sustainable and useful concept.

Keywords: Sustainable development; Genuine Savings; ComprehensiveWealth; future wellbeing. (search for similar items in EconPapers)
JEL-codes: E21 E22 Q00 Q01 Q20 Q30 Q50 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2014-11
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: GENUINE SAVINGS AND SUSTAINABILITY (2015)
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