IDEAS home Printed from https://ideas.repec.org/p/cns/cnscwp/201006.html
   My bibliography  Save this paper

Measures of wealth and well-being. A comparison between GDP and ISEW

Author

Listed:
  • V. Carta
  • M. Porcu

Abstract

It is well known that, as a measure of well-being, the Gross Domestic Product does not reflect the real wealth of a country but just its monetary counterpart. Thus, it is not fit to differentiate between the costs that enhance welfare and those which, instead, undermine it. For this reason some corrective measures of well-being have been advanced in the literature, one of the most important is the so called Index of Sustainable Economic Welfare. The aim of this work is to explore some of the features of this measure and to calculate it for Italy up to year 2006 comparing it with the time series of Gross Domestic Product. In particular our purpose is to analyze whether the ISEW for Italy registered a decreasing trend as well as the ISEW of other countries. This negative trend was not visible in the previous studies because of the lack of recent data which could not allow to register the threshold point of the index.

Suggested Citation

  • V. Carta & M. Porcu, 2010. "Measures of wealth and well-being. A comparison between GDP and ISEW," Working Paper CRENoS 201006, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  • Handle: RePEc:cns:cnscwp:201006
    as

    Download full text from publisher

    File URL: http://crenos.unica.it/crenos/node/2702
    Download Restriction: no

    File URL: http://crenos.unica.it/crenos/sites/default/files/WP10-06.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mirko Armiento, 2016. "The Sustainable Welfare Index for Italy, 1960-2013," Working Papers 1601, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.

    More about this item

    Keywords

    well-being; corrective measures; isew; gdp;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cns:cnscwp:201006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonello Pau). General contact details of provider: http://edirc.repec.org/data/crenoit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.