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Genuine Economic Progress in the United States: A Fifty State Study and Comparative Assessment

Mairi-Jane V. Fox and Jon D. Erickson

Ecological Economics, 2018, vol. 147, issue C, 29-35

Abstract: The Genuine Progress Indicator (GPI) was designed to reveal the economic, social, and environmental trade-offs associated with conventional economic growth as traditionally measured by Gross Domestic Product (GDP). Although originally designed for use at the national scale, an interest has developed in the United States in a state-level uptake of the GPI to inform and guide policy. This study presents the first fifty-state estimate for U.S. GPI in order to address questions over its design, implementation, and ultimate potential as a tool to guide state-level economic policy. Following a review of the current state of analysis and critique of GPI, we provide an overview of methodology and database development. Results are then presented, including discussion of lessons learned through a fifty-state application. The paper concludes with suggestions for further research and next steps to consolidating a consistent methodology.

Date: 2018
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Handle: RePEc:eee:ecolec:v:147:y:2018:i:c:p:29-35