The World Bank's ‘genuine savings’ measure and sustainability
In order to consider the depletion of natural capital in national income accounting, the World Bank has developed a composite indicator known as ‘genuine savings’ incorporating several environmental indicators. This paper examines the conceptual and empirical characteristics and policy implications...
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| Veröffentlicht in: | Ecological economics 2005-12, Vol.55 (4), p.599-609 |
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| container_title | Ecological economics |
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| creator | Pillarisetti, J.Ram |
| description | In order to consider the depletion of natural capital in national income accounting, the World Bank has developed a composite indicator known as ‘genuine savings’ incorporating several environmental indicators. This paper examines the conceptual and empirical characteristics and policy implications of the measure. Analysis shows that the measure is conceptually and empirically imperfect. The policy implications based on this measure are erroneous. The paper suggests that a global approach is needed to appropriately address sustainability issues and to incorporate natural capital in national accounting. |
| doi_str_mv | 10.1016/j.ecolecon.2005.01.018 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0921-8009 |
| ispartof | Ecological economics, 2005-12, Vol.55 (4), p.599-609 |
| issn | 0921-8009 1873-6106 |
| language | eng |
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| source | RePEc; Elsevier ScienceDirect Journals Complete |
| subjects | Adjusted net savings Ecological debt Ecology Environment Environmental economics Genuine savings High-income countries Input-output analysis Low income Low-income countries Measurement Methodology Savings Sustainability Sustainable development World Bank World economy |
| title | The World Bank's ‘genuine savings’ measure and sustainability |
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