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A policy analysis of Victoria's Genuine Progress Indictor

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  • Clarke, Matthew
  • Lawn, Philip
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    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.

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    File URL: http://www.sciencedirect.com/science/article/B6W5H-4NJ20F5-1/1/a5463a6adeff43fe67a94d0c71d439ba
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

    Volume (Year): 37 (2008)
    Issue (Month): 2 (April)
    Pages: 864-879

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    Handle: RePEc:eee:soceco:v:37:y:2008:i:2:p:864-879

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    Web page: http://www.elsevier.com/locate/inca/620175

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    Cited by:
    1. Ollivier, TO, 2009. "The usefulness of aggregate sustainability indicators for policy making: What do they say for Madagascar?," MPRA Paper 16607, University Library of Munich, Germany.

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