An assessment of the valuation methods used to calculate the Index of Sustainable Economic Welfare (ISEW), Genuine Progress Indicator (GPI), and Sustainable Net Benefit Index (SNBI)

Environment, Development and Sustainability

Volumn 7, Issue 2, 2005, Pages 185-208

  Lawn, Philip A ^a  

^a FLINDERS UNIVERSITY   (Australia)

Author keywords

Genuine progress indicator; Index of sustainable economic welfare; National income; Valuation methods

Indexed keywords

ENVIRONMENTAL INDICATOR; INDEX METHOD; SUSTAINABILITY;

EID: 20544462866     PISSN: 1387585X     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10668-005-7312-4     Document Type: Review

References (41)

1. M. Abramowitz 1979 'Economic growth and its discontents' M Boskin 'Economics and Human Welfare.' Academic Press New York
2. A. Atkinson 1970 'On the measurement of inequality' Journal of Economic Theory. 2 244 263
3. G. Atkinson 1995 'Measuring sustainable economic welfare: A critique of the UK ISEW, Working Paper GEC 95-08' Centre for Social and Economic Research on the Global Environment Norwich and London
4. Australian Bureau of Statistics: (1992). Unpaid Work and the Australian Economy: Occasional Paper, Catalogue No. 5240.0, Canberra, AGPS
5. Bishop R. (1993). Economic efficiency, sustainability, and biodiversity. Ambio.May: 69-73
6. B. Castaneda 1999 'An index of sustainable economic welfare (ISEW) for Chile' Ecological Economics. 28 231 244
7. H. Daly 1991 'Steady-State Economics' 2 Island Press Washington, DC
8. H. Daly 1996 'Beyond Growth: The Economics of Sustainable Development' Beacon Press Boston
9. H. Daly J Cobb 1989 'For the Common Good' Beacon Press Boston
10. H. Diefenbacher 1994 'The index of sustainable economic welfare in Germany' C. Cobb J. Cobb 'The Green National Product.' UPA New York.
11. R. Easterlin 1974 'Does economic growth improve the human lot?' P. David R. Weber 'Nations and Households in Economic Growth.' Academic Press New York
12. S. El Serafy 1989 'The proper calculation of income from depletable natural resources.' Y. Ahmad S. El Serafy E. Lutz 'Environmental Accounting for Sustainable Development.' World Bank Washington, DC
13. I. Fisher 1906 'Nature of Capital and Income' A. M. Kelly New York
14. S. George 1988 'A Fate Worse than Debt' Grove New York
15. G. Guenno S. Tiezzi 1998 'An Index of Sustainable Economic Welfare for Italy. Working Paper 5/98' Fondazione Eni Enrico Mattei Milan
16. C. Hamilton 1999 'The genuine progress indicator: methodological developments and results from Australia' Ecological Economics. 30 13 28
17. K. Hamilton 1994 'Green adjustments to GDP' Resources Policy. 20 158 168
18. K. Hamilton 1996 'Pollution and pollution abatement in the national accounts' Review of Income and Wealth. 42 291 304
19. R. Howarth R. Norgaard 1990 'Intergenerational resource rights, efficiency, and social optimality' Land Economics. 66 1 11
20. T. Jackson S. Stymne 1996 'Sustainable Economic Welfare in Sweden: A Pilot Index 1950-1992' Stockholm Environment Institute Stockholm
21. T. Jackson F. Laing A. MacGillivray N. Marks J. Ralls S. Styme 1997 'An Index of Sustainable Economic Welfare for the UK, 1950-1996' University of Surrey Centre for Environmental Strategy Guildford
22. P. Lawn 1998 'In defence of the strong sustainability approach to national income accounting' Environmental Taxation and Accounting. 3 29 47
23. P. Lawn 1999 'On Georgescu-Roegen's contribution to ecological economics' Ecological Economics. 29 5 8
24. P. Lawn 2000 'Toward Sustainable Development: An Ecological Economics Approach' Lewis Publishers Boca Raton
25. P. Lawn 2000 'Ecological tax reform: Many know why but few know how' Environment, Development, and Sustainability.' 2 143 164
26. Lawn P. (2002). How Well do Resource Prices Serve as Indicators of Natural Resource Scarcity?, Flinders University Working Paper in Economics, 2002-2006
27. P. Lawn 2003 'A theoretical foundation to support the Index of Sustainable Economic Welfare (ISEW), Genuine Progress Indicator (GPI), and other related measures' Ecological Economics. 44 105 118
28. P. Lawn R. Sanders 1999 'Has Australia surpassed its optimal macroeconomic scale: finding out with the aid of 'benefit' and 'cost' accounts and a sustainable net benefit index' Ecological Economics. 28 213 229
29. C. Leipert 1986 'From gross to adjusted national product' P. Ekins 'The Living Economy: A New Economics in the Making.' Routledge & Kegan Paul London
30. K. Maler 1991 'National accounts and environmental resources' Environmental and Resource Economics.' 1 1 15
31. M. Max-Neef 1995 'Economic growth and quality of life' Ecological Economics.' 15 115 118
32. I. Moffat M. Wilson 1994 'An index of sustainable economic welfare for Scotland, 1980-1991' International Journal of Sustainable Development and World Ecology. 1 264 291
33. E. Neumayer 1999 'The ISEW - Not an index of sustainable economic welfare' Social Indicators Research. 48 77 101
34. E. Neumayer 2000 'On the methodology of the ISEW, GPI, and related measures: Some constructive suggestions and some doubt on the threshold hypothesis' Ecological Economics. 34 347 361
35. R. Norgaard 1990 'Economic indicators of resource scarcity: a critical essay' Journal of Environmental Economics and Management. 19 19 25
36. D. Pearce 1993 'Blueprint 3: Measuring Sustainable Development' Earthscan London
37. Redefining Progress: (1995). Gross production vs genuine progress', Excerpt from the Genuine Progress Indicator: Summary of Data and Methodology, San Francisco, Redefining Progress
38. Rosenberg K. and Oegema T. (1995). A Pilot ISEW for The Netherlands 1950-1992, Amsterdam Instituut Voor Milieu - En Systeemanalyse
39. Rymes T. (1992). Some Theoretical Problems in Accounting for Sustainable Consumption, Carleton Economic Papers, 92-02
40. E. Stockhammer H. Hochreiter B. Obermayr K. teiner 1997 'The index of sustainable economic welfare (ISEW) as an alternative to GDP in measuring economic welfare : The Result of the Austrian (revised) ISEW calculation 1955-1992' Ecological Economics. 21 19 34
41. United Nations Statistical Division: (1993). Integrated Environmental and Economic Accounting, Handbook of National Accounting, Series F, No.61, New York