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Estimates of the Genuine Progress Indicator (GPI) for Oregon from 1960–2010 and recommendations for a comprehensive shareholder's report

Author

Listed:
  • Kubiszewski, Ida
  • Costanza, Robert
  • Gorko, Nicole E.
  • Weisdorf, Michael A.
  • Carnes, Austin W.
  • Collins, Cathrine E.
  • Franco, Carol
  • Gehres, Lillian R.
  • Knobloch, Jenna M.
  • Matson, Gayle E.
  • Schoepfer, Joan D.

Abstract

The Genuine Progress Indicator (GPI) is a significantly more comprehensive approach to assessing economic progress than conventional measures, such as Gross Domestic Product (GDP). We estimated the GPI for the state of Oregon from 1960–2010. We found that it tracked the Gross State Product (GSP) for the period 1970–2000, but began to diverge and flatten out in 2000. The major reasons for this divergence were increasing inequality, loss of farmland, and decreasing personal consumption expenditures as a fraction of GSP. Oregon GPI/per capita leveled off in 2000, while the US GPI/capita leveled off in 1975. The GPI is not the perfect indicator of economic and social well-being, but it is a better approximation than GDP. As more states and countries begin to recognize the inappropriateness of GDP as a policy goal we can expect to see much more emphasis on and use of alternative indicators like GPI. We recommend extending these indicators to include a comprehensive shareholder's report that reflects all the state's capital assets, including built, human, social, and natural capital.

Suggested Citation

  • Kubiszewski, Ida & Costanza, Robert & Gorko, Nicole E. & Weisdorf, Michael A. & Carnes, Austin W. & Collins, Cathrine E. & Franco, Carol & Gehres, Lillian R. & Knobloch, Jenna M. & Matson, Gayle E. & , 2015. "Estimates of the Genuine Progress Indicator (GPI) for Oregon from 1960–2010 and recommendations for a comprehensive shareholder's report," Ecological Economics, Elsevier, vol. 119(C), pages 1-7.
    • Handle: RePEc:eee:ecolec:v:119:y:2015:i:c:p:1-7
    DOI: 10.1016/j.ecolecon.2015.08.004
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    Cited by:

    1. Kenny, Daniel C. & Costanza, Robert & Dowsley, Tom & Jackson, Nichelle & Josol, Jairus & Kubiszewski, Ida & Narulla, Harkiran & Sese, Saioa & Sutanto, Anna & Thompson, Jonathan, 2019. "Australia's Genuine Progress Indicator Revisited (1962–2013)," Ecological Economics, Elsevier, vol. 158(C), pages 1-10.
    2. Luhua Wu & Shijie Wang & Xiaoyong Bai & Guangjie Luo & Jinfeng Wang & Fei Chen & Chaojun Li & Chen Ran & Sirui Zhang, 2022. "Accelerating the Improvement of Human Well-Being in China through Economic Growth and Policy Adjustment," IJERPH, MDPI, vol. 19(19), pages 1-20, October.
    3. Cook, David & Davíðsdóttir, Brynhildur, 2021. "An estimate of the Genuine Progress Indicator for Iceland, 2000–2019," Ecological Economics, Elsevier, vol. 189(C).
    4. Fox, Mairi-Jane V. & Erickson, Jon D., 2018. "Genuine Economic Progress in the United States: A Fifty State Study and Comparative Assessment," Ecological Economics, Elsevier, vol. 147(C), pages 29-35.
    5. Ji, Xi & Wu, Guowei & Su, Pinyi & Luo, Xuanyuan & Long, Xianling, 2022. "Does legislation improvement alleviate the decoupling between welfare and wealth in China?," Ecological Economics, Elsevier, vol. 201(C).
    6. Talberth, John & Weisdorf, Michael, 2017. "Genuine Progress Indicator 2.0: Pilot Accounts for the US, Maryland, and City of Baltimore 2012–2014," Ecological Economics, Elsevier, vol. 142(C), pages 1-11.
    7. Daniel Francisco Pais & Tiago Lopes Afonso & Ant nio Cardoso Marques & Jos A Fuinhas, 2019. "Are Economic Growth and Sustainable Development Converging? Evidence from the Comparable Genuine Progress Indicator for Organisation for Economic Co-operation and Development Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 202-213.
    8. Long, Xianling & Ji, Xi, 2019. "Economic Growth Quality, Environmental Sustainability, and Social Welfare in China - Provincial Assessment Based on Genuine Progress Indicator (GPI)," Ecological Economics, Elsevier, vol. 159(C), pages 157-176.
    9. Rugani, Benedetto & Marvuglia, Antonino & Pulselli, Federico Maria, 2018. "Predicting Sustainable Economic Welfare – Analysis and perspectives for Luxembourg based on energy policy scenarios," Technological Forecasting and Social Change, Elsevier, vol. 137(C), pages 288-303.

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