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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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    References listed on IDEAS

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    1. Posner, Stephen M. & Costanza, Robert, 2011. "A summary of ISEW and GPI studies at multiple scales and new estimates for Baltimore City, Baltimore County, and the State of Maryland," Ecological Economics, Elsevier, vol. 70(11), pages 1972-1980, September.
    2. Simon Kuznets, 1934. "National Income, 1929-1932," NBER Books, National Bureau of Economic Research, Inc, number kuzn34-1, June.
    3. Hamilton, Clive, 1999. "The genuine progress indicator methodological developments and results from Australia," Ecological Economics, Elsevier, vol. 30(1), pages 13-28, July.
    4. Philip Lawn, 2005. "An Assessment of the Valuation Methods Used to Calculate the Index of Sustainable Economic Welfare (ISEW), Genuine Progress Indicator (GPI), and Sustainable Net Benefit Index (SNBI)," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 7(2), pages 185-208, June.
    5. Kubiszewski, Ida & Costanza, Robert & Franco, Carol & Lawn, Philip & Talberth, John & Jackson, Tim & Aylmer, Camille, 2013. "Beyond GDP: Measuring and achieving global genuine progress," Ecological Economics, Elsevier, vol. 93(C), pages 57-68.
    6. Max-Neef, Manfred, 1995. "Economic growth and quality of life: a threshold hypothesis," Ecological Economics, Elsevier, vol. 15(2), pages 115-118, November.
    7. Pulselli, Federico Maria & Ciampalini, Francesca & Tiezzi, Enzo & Zappia, Carlo, 2006. "The index of sustainable economic welfare (ISEW) for a local authority: A case study in Italy," Ecological Economics, Elsevier, vol. 60(1), pages 271-281, November.
    8. Nourry, Myriam, 2008. "Measuring sustainable development: Some empirical evidence for France from eight alternative indicators," Ecological Economics, Elsevier, vol. 67(3), pages 441-456, October.
    9. Costanza, Robert & Erickson, Jon & Fligger, Karen & Adams, Alan & Adams, Christian & Altschuler, Ben & Balter, Stephanie & Fisher, Brendan & Hike, Jessica & Kelly, Joe, 2004. "Estimates of the Genuine Progress Indicator (GPI) for Vermont, Chittenden County and Burlington, from 1950 to 2000," Ecological Economics, Elsevier, vol. 51(1-2), pages 139-155, November.
    10. Brennan, Andrew John, 2013. "A critique of the perceived solid conceptual foundations of ISEW & GPI — Irving Fisher's cognisance of human-health capital in ‘net psychic income’," Ecological Economics, Elsevier, vol. 88(C), pages 159-166.
    11. Lawn, Philip A., 2003. "A theoretical foundation to support the Index of Sustainable Economic Welfare (ISEW), Genuine Progress Indicator (GPI), and other related indexes," Ecological Economics, Elsevier, vol. 44(1), pages 105-118, February.
    12. Brennan, Andrew John, 2008. "Theoretical foundations of sustainable economic welfare indicators -- ISEW and political economy of the disembedded system," Ecological Economics, Elsevier, vol. 67(1), pages 1-19, August.
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    1. repec:eee:ecolec:v:147:y:2018:i:c:p:29-35 is not listed on IDEAS
    2. repec:eee:ecolec:v:142:y:2017:i:c:p:1-11 is not listed on IDEAS

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