A policy analysis of Victoria's Genuine Progress Indictor
Measuring sustainable well-being is an important task in determining whether people's lives are improving or becoming worse over time. A new index, the Genuine Progress Indicator (GPI), has been developed in order to measure sustainable well-being. The GPI is comprised of a large number of individual cost and benefit items that account for various social, environmental and economic impacts associated with a growing economy. Various policy implications flow from the result of applying this new well-being metric. This paper briefly reviews an application of the GPI to the state of Victoria, Australia for the period 1986-2003, before discussing the policy implications of this application.
Year of publication: |
2008
|
---|---|
Authors: | Clarke, Matthew ; Lawn, Philip |
Published in: |
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics). - Elsevier, ISSN 2214-8043. - Vol. 37.2008, 2, p. 864-879
|
Publisher: |
Elsevier |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
The end of economic growth? A contracting threshold hypothesis
Lawn, Philip, (2010)
-
Comparing Australia's genuine progress to its economic growth performance
Clarke, Matthew, (2007)
-
CLARKE, MATTHEW, (2006)
- More ...