EconPapers    
Economics at your fingertips  
 

The Regional Index of Sustainable Economic Welfare for Flanders, Belgium

Brent Bleys

Sustainability, 2013, vol. 5, issue 2, 1-28

Abstract: In this paper, the regional Index of Sustainable Economic Welfare (ISEW) is compiled for Flanders for the period 1990–2009. The ISEW is a measure of economic welfare in that it measures the contribution of a country’s or region’s economy to the overall level of well-being of its citizens. It does so by comparing the benefits and the costs of economic activities rather than simply looking at the market value of all final goods and services produced in an economy (Gross Domestic Product-GDP). The ISEW for Flanders shows that the per capita level of sustainable economic welfare in the region decreased between 1990 and 2009. The drop in the ISEW/capita is caused by a deterioration of the net international investment position of Belgium (which is divided over the different regions in the country on a per capita basis) and by an increase in the income inequalities in Flanders. To a lesser extent, the increase of the environmental costs (climate change and the use of non-renewable energy resources) also contributed to the decrease in the ISEW per capita. In the last four years of the study period, the level of sustainable economic welfare in the Flemish region started to rise again, even in 2008 and 2009 during the economic recession.

Keywords: ISEW; economic welfare; Beyond GDP; regional progress; Flanders; Belgium (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
https://www.mdpi.com/2071-1050/5/2/496/pdf (application/pdf)
https://www.mdpi.com/2071-1050/5/2/496/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:5:y:2013:i:2:p:496-523:d:23310

Access Statistics for this article

Sustainability is currently edited by Ms. Elaine Li

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2024-03-31
Handle: RePEc:gam:jsusta:v:5:y:2013:i:2:p:496-523:d:23310