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Measuring Sustainability with Macroeconomic Data for India

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  • Purnamita Dasgupta
  • Shikha Gupta
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    Abstract

    This paper investigates certain macro data on the Indian economy to draw inferences on the sustainability of the economic growth experienced over the last couple of decades. Interpreting sustainability in terms of the maintenance of different forms of capital to ensure that future consumption levels are at least as high as current levels, estimates of investment have been made using theoretically consistent models and data relevant to the Indian context. [WP No 214]

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:1574.

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    Date of creation: Jul 2008
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    Handle: RePEc:ess:wpaper:id:1574

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    Keywords: Indian; India; economy; macro data; economic growth; consumption levels; investment; models; sustainability; capital;

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    1. George Psacharopoulos & Harry Anthony Patrinos, 2004. "Returns to investment in education: a further update," Education Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 12(2), pages 111-134.
    2. Dasgupta, Partha & M Ler, Karl-G Ran, 2000. "Net national product, wealth, and social well-being," Environment and Development Economics, Cambridge University Press, Cambridge University Press, vol. 5(01), pages 69-93, February.
    3. Dasgupta, Partha, 2001. "Human Well-Being and the Natural Environment," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780199247882, October.
    4. Arrow, Kenneth & Bolin, Bert & Costanza, Robert & Dasgupta, Partha & Folke, Carl & Holling, C. S. & Jansson, Bengt-Owe & Levin, Simon & Maler, Karl-Goran & Perrings, Charles & Pimentel, David, 1995. "Economic growth, carrying capacity, and the environment," Ecological Economics, Elsevier, Elsevier, vol. 15(2), pages 91-95, November.
    5. Weitzman, Martin L, 1976. "On the Welfare Significance of National Product in a Dynamic Economy," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 90(1), pages 156-62, February.
    6. Costanza, Robert, 1995. "Economic growth, carrying capacity, and the environment," Ecological Economics, Elsevier, Elsevier, vol. 15(2), pages 89-90, November.
    7. Pearce, David W. & Atkinson, Giles D., 1993. "Capital theory and the measurement of sustainable development: an indicator of "weak" sustainability," Ecological Economics, Elsevier, Elsevier, vol. 8(2), pages 103-108, October.
    8. David Card, 2000. "Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems," NBER Working Papers, National Bureau of Economic Research, Inc 7769, National Bureau of Economic Research, Inc.
    9. Vincent, J. & Casteneda, B., 1997. "Economic Depreciation of Natural Resources in Asia and Implications for Net Savings and Long-Run Consumption," Papers, Harvard - Institute for International Development 614, Harvard - Institute for International Development.
    10. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, American Economic Association, vol. 67(5), pages 972-74, December.
    11. Hamilton, Kirk & Clemens, Michael, 1999. "Genuine Savings Rates in Developing Countries," World Bank Economic Review, World Bank Group, World Bank Group, vol. 13(2), pages 333-56, May.
    12. Ferreira, Susana & Vincent, Jeffrey R, 2005. "Genuine Savings: Leading Indicator of Sustainable Development?," Economic Development and Cultural Change, University of Chicago Press, University of Chicago Press, vol. 53(3), pages 737-54, April.
    13. Zvi Griliches, 1970. "Notes on the Role of Education in Production Functions and Growth Accounting," NBER Chapters, National Bureau of Economic Research, Inc, in: Education, Income, and Human Capital, pages 71-128 National Bureau of Economic Research, Inc.
    14. Samuel Fankhauser, 1994. "The Social Costs of Greenhouse Gas Emissions: An Expected Value Approach," The Energy Journal, International Association for Energy Economics, International Association for Energy Economics, vol. 0(Number 2), pages 157-184.
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