The usefulness of aggregate sustainability indicators for policy making: What do they say for Madagascar?
AbstractIn this paper we compare the practical policy implications that can be derived from the calculation of three aggregate sustainability indicators for Madagascar. The chosen indicators are: the Adjusted Net Saving, the Genuine Progress Indicator, and the Ecological Footprint. Our results are twofold. First, these indicators provide very different messages regarding the sustainability of Madagascar’s recent development. The first one indicates a development path that is not sustainable, whereas the latter two do not indicate anything to be alarmed about. Second, they yield a set of widely diverse policy implications which we do not see as complementary. The Ecological Footprint provides policy recommendations that are too general for poor countries rich in natural resources, such as Madagascar. The Genuine Progress Indicator highlights several social issues but its interpretation in terms of sustainability remains ambiguous as it is a mix between a present welfare and a sustainability indicator. In the end, we consider that the Adjusted Net Saving provides the most consistent information to decision makers regarding the sustainability of Madagascar’s recent development path.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 16607.
Date of creation: 15 Jul 2009
Date of revision:
Sustainable Development; Madagascar; Ecological Footprint; Adjusted Net Saving; Genuine Progress Indicator;
Find related papers by JEL classification:
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
This paper has been announced in the following NEP Reports:
- NEP-AFR-2009-08-16 (Africa)
- NEP-ALL-2009-08-16 (All new papers)
- NEP-ENV-2009-08-16 (Environmental Economics)
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