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Do we need just one sustainable development indicator? Could Genuine Savings be that one?

Author

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  • Juan Labat

    (Department of Social Sciences, Universidad Carlos III de Madrid, Spain)

  • Henry Willebald

    (Instituto de Economia, Universidad de la Republica, Uruguay)

Abstract

In this brief document we would like to give our point of view about the importance to promote and consolidate an economic indicator of sustainability and suggest Genuine Savings, an indicator in which an increasing number of scholars and institutions are working on. Without hiding the complexity of sustainable development, we believe that consolidating one indicator could help to understand the performance of societies and align actions in order for countries to be in a sustainable path. Moreover, Genuine Savings could help understand sustainability in the long run and could work as an indicator of future well-being.

Suggested Citation

  • Juan Labat & Henry Willebald, 2019. "Do we need just one sustainable development indicator? Could Genuine Savings be that one?," International Journal of Environmental Sciences & Natural Resources, Juniper Publishers Inc., vol. 16(3), pages 78-80, January.
    • Handle: RePEc:adp:ijesnr:v:16:y:2019:i:3:p:78-80
    DOI: 10.19080/IJESNR.2019.16.555938
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    References listed on IDEAS

    as
    1. Greasley, David & Hanley, Nick & Kunnas, Jan & McLaughlin, Eoin & Oxley, Les & Warde, Paul, 2014. "Testing genuine savings as a forward-looking indicator of future well-being over the (very) long-run," Journal of Environmental Economics and Management, Elsevier, vol. 67(2), pages 171-188.
    2. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    3. Blum, Matthias & Hanley, Nicholas & McLaughlin, Eoin, 2013. "Genuine savings and future well-being in Germany, 1850-2000," Stirling Economics Discussion Papers 2013-13, University of Stirling, Division of Economics.
    4. Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2015. "Genuine Savings And Sustainability," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 779-806, September.
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    6. World Bank, 2011. "The Changing Wealth of Nations : Measuring Sustainable Development in the New Millennium," World Bank Publications - Books, The World Bank Group, number 2252.
    7. Greasley, David & Hanley, Nicholas & Kunnas, Jan & McLaughlin, Eoin & Oxley, Les & Warde, Paul, 2013. "Comprehensive investment and future well-being in the USA, 1869-2000," Stirling Economics Discussion Papers 2013-06, University of Stirling, Division of Economics.
    8. Matthias Blum & Cristián Ducoing & Eoin McLaughlin, 2016. "Genuine Savings in developing and developed countries, 1900-2000," Discussion Papers in Environment and Development Economics 2016-15, University of St. Andrews, School of Geography and Sustainable Development.
    9. Lindmark, Magnus & Acar, Sevil, 2013. "Sustainability in the making? A historical estimate of Swedish sustainable and unsustainable development 1850–2000," Ecological Economics, Elsevier, vol. 86(C), pages 176-187.
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    Keywords

    earth and environment journals; environment journals; open access environment journals; peer reviewed environmental journals; open access; juniper publishers; ournal of Environmental Sciences; juniper publishers journals ; juniper publishers reivew;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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