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Wealth, Welfare and Sustainability
Advances in Measuring Sustainable Development
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This important book presents fresh thinking and new results on the measurement of sustainable development. Economic theory suggests that there should be a link between future wellbeing and current wealth. The book explores this linkage under a variety of headings: population growth, technological change, deforestation and natural resource trade. While the relevant theory is presented briefly, the chief emphasis is on empirical measurement of the change in real wealth - this measure of net or 'genuine' saving is a key indicator of sustainable development. The methodological and empirical work is bolstered by tests of the predictive power of genuine saving in explaining future consumption and economic growth. Just as importantly, the authors show that many resource-abundant countries would be considerably wealthier today had they managed to save and invest the profits from natural resource exploitation in the past. "Wealth, Welfare and Sustainability" will be of great interest to environmental and resource economists, specialists in 'sustainability' indicators from other disciplines and also development and growth economists.
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Edward Elgar Publishing; January 2006
214 pages; ISBN 9781847202970
Read online, or download in secure PDF format
214 pages; ISBN 9781847202970
Read online, or download in secure PDF format
Subject categories
- Academic > Economics > Industries. Land use. Labor > Labor. Work. Working class > Industrial hygiene. Industrial welfare
- Academic > Economics > Industries. Land use. Labor > Economic growth, development, planning
- Science > Environmental Science
- Business > Economic Development
- Business > Development
- The Environment
ISBNs
1847202977
9781843765769
9781847202970