6. A critical appraisal of genuine savings as an indicator of sustainability
نویسندگان
چکیده
Chapters 3, 4 and 5 have introduced the tradition of green national accounting that has now become well established. The basic principles of this tradition are commonly understood by most practitioners to involve accounting for the consumption and accumulation of produced, human and natural capital, assuming the different capital stocks are infinitely substitutable (weak sustainability). One particular indicator that shares this basis and has been the subject of considerable attention and data gathering over the last decade is genuine savings (hereafter GS). In this chapter, we introduce and critically appraise GS.
منابع مشابه
Genuine Savings as an Indicator for “Weak” Sustainability: Critical Survey and Possible Ways forward in Practical Measuring
Published by the World Bank (as “Adjusted Net Savings”) for around 160 countries, Genuine Savings (GS) presents the most respected but also the most debated indicator for “weak” sustainability. It originates from the so-called “Hartwick rule” for the re-investment of rents from the depletion of natural in reproducible forms of capital. Coming from the theoretical reasoning behind GS, this paper...
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