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Defining and Measuring Macroeconomic Sustainability — The Sustainable Economy Indices

  • Jochen Gassner
Chapter

Abstract

Throughout this paper, a set of indices for the measurement of the sustainability of national and regional economic systems is developed. The basic concept for the development of the indices sees economic sustainability co-determined by the natural and social environment of economic activity as well as by the operational principles of economic systems which are found in actions of payment.

Accordingly, indices of economic sustainability for the interfaces between economic systems and their social (Consumption Surplus) and natural environment (Ecological Sustainability) as well as for the exchange of money between economic subsystems (Solvency) are developed. Together with auxiliary indices, a set of indices for the measurement of the sustainability of national and regional economic systems is developed.

The calculation of the indices is based on an extended version of Supply and Use Tables Including Environmental Accounts. The extended SUTEA contains accounts for the ecological valuation of flows of resources and residuals as well as a novel classification of economic activity (Survivability, Production and Consumption Surplus).

Keywords

Economic System Efficiency Index Consumption Surplus Current Account Deficit Ecological Sustainability 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Jochen Gassner
    • 1
  1. 1.Institute for Chemical Engineering Fundamentals and Process Engineering, Resource Efficient and Sustainable Systems Working GroupGraz University of TechnologyGrazAustria

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