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A policy analysis of Victoria's Genuine Progress Indictor

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  • Clarke, Matthew
  • Lawn, Philip

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.

Suggested Citation

  • Clarke, Matthew & Lawn, Philip, 2008. "A policy analysis of Victoria's Genuine Progress Indictor," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 864-879, April.
    • Handle: RePEc:eee:soceco:v:37:y:2008:i:2:p:864-879
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    Cited by:

    1. Zoltán Nagy & Tekla Sebestyén Szép, 2017. "Sustainable Energy in Post-Communist East- Central Europe - A Comprehensive Study," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 13(02), pages 59-70.
    2. 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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