Ecologically adjusted GDP: spheres of using and assessment problems

Yelena Ryumina ()
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Yelena Ryumina: Institute for Socio-Economic Studies of Population of Russian Academy of Sciences

Economy of region, 2013, vol. 1, issue 4, 107 - 115

Abstract: The indicator of gross domestic product, which does not reflect a quality of economic growth, in the concept of sustainable development is modified as an ecologically adjusted gross domestic product. In the article, the problems of a new indicator creation are solved. The attention to the incorrectness of subtraction from gross domestic product is paid, at its ecological adjustment, that part of damage from ecological violations, which makes the under-received income. To avoid the double subtraction of the under-received income, it is necessary to correct gross domestic product only concerning other part of loss — the forced consumption. The big mistake is made at creation of the savings indicator when from gross accumulation is subtracted both the under-received income, and all consumption because of ecological disturbances. It is possible to reduce macroindicators only by that part of loss, which is a part of these indicators. In the article, one more area of the use of ecologically adjusted gross domestic product is offered: replacement of a traditional indicator of gross domestic product at calculations of human development index is proved. On examples of the Russian regions, it is shown that transition to ecologically adjusted GRP significantly reduces value of human development index in raw and ecologically unsuccessful regions.

Keywords: ecologically adjusted GDP; environmental damage; under-received income; forced consumption; natural rent; human development index (search for similar items in EconPapers)
Date: 2013
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