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Wealth, Welfare and Sustainability

Author

Listed:
  • Kirk Hamilton
  • Giles Atkinson

Abstract

This important book presents fresh thinking and new results on the measurement of sustainable development. Economic theory suggests that there should be a link between future wellbeing and current wealth. This book explores this linkage under a variety of headings: population growth, technological change, deforestation and natural resource trade. While the relevant theory is presented briefly, the chief emphasis is on empirical measurement of the change in real wealth: this measure of net or ‘genuine’ saving is a key indicator of sustainable development. The methodological and empirical work is bolstered by tests of the predictive power of genuine saving in explaining future consumption and economic growth. Just as importantly, the authors show that many resource-abundant countries would be considerably wealthier today had they managed to save and invest the profits from natural resource exploitation in the past.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Kirk Hamilton & Giles Atkinson, 2006. "Wealth, Welfare and Sustainability," Books, Edward Elgar Publishing, number 3236, December.
  • Handle: RePEc:elg:eebook:3236
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    Cited by:

    1. Schlör, Holger & Venghaus, Sandra & Hake, Jürgen-Friedrich, 2018. "The FEW-Nexus city index – Measuring urban resilience," Applied Energy, Elsevier, vol. 210(C), pages 382-392.
    2. Yamaguchi, Rintaro, 2014. "Inclusive wealth with a changing but aging population," Economics Letters, Elsevier, vol. 124(1), pages 21-25.
    3. Rintaro Yamaguchi & Masayuki Sato & Kazuhiro Ueta, 2016. "Measuring Regional Wealth and Assessing Sustainable Development: An Application to a Disaster-Torn Region in Japan," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(1), pages 365-389, October.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance; Environment;

    JEL classification:

    • Z0 - Other Special Topics - - General

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