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Measuring Sustainability: A Review

Author

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  • Valeria Costantini

Abstract

The definition of sustainable development to be promoted by international organizations calls for a complex theoretical framework to allow policy makers to achieve rational choices taking due account of the limited environmental assets. The ideal tool instrument to evaluate the sustainability of national policies is an aggregated macroeconomic indicator representing traditional income measurements in terms of sustainability. The United Nations and the World Bank have developed the most widely adopted indicators, at the level of environmental income and sustainable saving, although these indicators need further enhancement in order to build a useful index for planning and evaluating national policies.

Suggested Citation

  • Valeria Costantini, 2003. "Measuring Sustainability: A Review," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, March.
    • Handle: RePEc:rar:journl:0150
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    More about this item

    Keywords

    Sustainable Development; Natural Resources Valuation; Sustainability Indicators; Welfare Indicators;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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