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).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Cobb CW, Cobb JB (1994) The Green National Product - A Proposed Index of Sustainable Economic Welfare. University Press of America, Maryland
Gassner J (2002) The Sustainable Economy Indices — Measuring the Sustainability of
National and Subnational Economic Systems. Technische Universität, Graz
Hartwick JM (1977) Intergenerational Equity and the Investing of Rents From Exhaustible Resources. American Economic Review 67: 972–974
Hartwick JM (1978) Substitution Among Exhaustible Resources and Intergenerational Equity. Review of Economic Studie 45: 347–354
Holman JA (2001) Is the Large U.S. Current Account Deficit Sustainable? Economic Review of the Federal Reserve Bank of Kansas City, First Quarter: 5–23
Krotscheck C (1995) Prozessbewertung in der Nachhaltigen Wirtschaft. Technische Universität, Graz
London Group on Environmental Accounting (2001) System of Environmental Economic Accounting 2000, Vorburg Draft www4. statcan.ca/citygrp/London/publicrev/pubrev.htm
Luhmann N (1988) Die Wirtschaft der Gesellschaft. Suhrkamp, Frankfurt
Mann CL (1999) Is the U.S. Trade Deficit Sustainable? Institute for International Economics, Washington
Ott K (2001) Eine Theorie “Starker” Nachhaltigkeit. Natur und Kultur 2 /1: 55–75
Pearce DW, Maradya A, Barbier EB (1989) Blueprint for a Green Economy. Earthscan, London
Perman RYM, McGilvray J, Common M (1999) Natural Resource and Environmental Economics. 2nd Edition, Longman, Essex
Solow RM (1974a) The Economics of Resources or the Resources of Economics. American Economic Review 64: 1–14
Solow RM (1974b) Intergenerational Equity and Exhaustible Resources. Review of Economic Studies Symposium: 29–45
Solow RM (1986) On the Intergenerational Allocation of Natural Resources. Scandinavian Journal of Economics 88: 141–149
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2004 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Gassner, J. (2004). Defining and Measuring Macroeconomic Sustainability — The Sustainable Economy Indices. In: Sikdar, S.K., Glavič, P., Jain, R. (eds) Technological Choices for Sustainability. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-10270-1_17
Download citation
DOI: https://doi.org/10.1007/978-3-662-10270-1_17
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-05934-6
Online ISBN: 978-3-662-10270-1
eBook Packages: Springer Book Archive