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A policy analysis of Victoria's Genuine Progress Indictor
- Source :
-
Journal of Socio-Economics . Apr2008, Vol. 37 Issue 2, p864-879. 16p. - Publication Year :
- 2008
-
Abstract
- Abstract: Measuring sustainable well-being is an important task in determining whether people''s lives are improving or becoming worse over time. A new index, the Genuine Progress Indicator (GPI), has been developed in order to measure sustainable well-being. The GPI is comprised of a large number of individual cost and benefit items that account for various social, environmental and economic impacts associated with a growing economy. Various policy implications flow from the result of applying this new well-being metric. This paper briefly reviews an application of the GPI to the state of Victoria, Australia for the period 1986–2003, before discussing the policy implications of this application. [Copyright &y& Elsevier]
- Subjects :
- *SOCIOECONOMICS
*SOCIOLOGY
*ECONOMIC sectors
*ECONOMIC systems
Subjects
Details
- Language :
- English
- ISSN :
- 10535357
- Volume :
- 37
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Journal of Socio-Economics
- Publication Type :
- Academic Journal
- Accession number :
- 31256487
- Full Text :
- https://doi.org/10.1016/j.socec.2006.12.058