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Sustainability in the making? A historical estimate of Swedish sustainable and unsustainable development 1850–2000

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  • Lindmark, Magnus
  • Acar, Sevil

Abstract

In this article we estimate the long-run development of genuine savings in Sweden during the period 1850 to 2000. By doing so we are able to present a first analysis of long-run sustainable development during a single country's transition to modern economic growth rates and high income levels. We find that genuine savings may have been negative up until c. 1910. This suggests a period of transition to positive genuine savings in conjunction with or even preceding the transition to modern economic rates. Important contributions to the transition were increasing investments in human capital, improved sanitary conditions, reduced depletion of forests and accelerated investments in machinery and infrastructure.

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  • Lindmark, Magnus & Acar, Sevil, 2013. "Sustainability in the making? A historical estimate of Swedish sustainable and unsustainable development 1850–2000," Ecological Economics, Elsevier, vol. 86(C), pages 176-187.
  • Handle: RePEc:eee:ecolec:v:86:y:2013:i:c:p:176-187
    DOI: 10.1016/j.ecolecon.2012.06.021
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    Cited by:

    1. Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2015. "Genuine Savings And Sustainability," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 779-806, September.
    2. repec:gam:jsusta:v:10:y:2018:i:3:p:715-:d:134945 is not listed on IDEAS
    3. repec:gam:jsusta:v:10:y:2018:i:4:p:965-:d:138129 is not listed on IDEAS
    4. Greasley, David & McLaughlin, Eoin & Hanley, Nick & Oxley, Les, 2017. "Australia: a land of missed opportunities?," Environment and Development Economics, Cambridge University Press, vol. 22(06), pages 674-698, December.
    5. Blum, Matthias & Hanley, Nicholas & McLaughlin, Eoin, 2013. "Genuine savings and future well-being in Germany, 1850-2000," Stirling Economics Discussion Papers 2013-13, University of Stirling, Division of Economics.
    6. Collins, Ross D. & Selin, Noelle E. & de Weck, Olivier L. & Clark, William C., 2017. "Using inclusive wealth for policy evaluation: Application to electricity infrastructure planning in oil-exporting countries," Ecological Economics, Elsevier, vol. 133(C), pages 23-34.

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