Assessing Sustainable Development by Genuine Saving Indicator from Multidimensional Perspectives
This paper investigates the path of genuine saving (GS) based on the perspectives of average, trend and stability. The theoretical basis of GS can be seen in several studies, such as Arrow et al. (2003) and Dasgupta (2004); its database has been developed by the World Bank. With these contributions, GS is now considered as one of the most important indicators for evaluating the sustainable development. However, among previous studies on GS, only few studies focused on dynamic perspective. This paper points out this shortage in the literature, and then re-examines the sustainability performance in various countries based not only on the average, but also on the trend and stability of GS path. The results of evaluating GS based on these multidimensional perspectives are different from those of unidimensional perspective. These results provide us richer information on the sustainability of each country.
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- Kenneth Arrow & Partha Dasgupta & Karl-Göran Mäler, 2003.
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Environmental & Resource Economics,
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- Simon Dietz & Eric Neumayer & Indra de Soysa, 2007. "Corruption, the resource curse and genuine saving," LSE Research Online Documents on Economics 973, London School of Economics and Political Science, LSE Library.
- Simon Dietz & Eric Neumayer & Indra de Soysa, 2004. "Corruption, the Resource Curse and Genuine Saving," Development and Comp Systems 0405012, EconWPA.
- World Bank, 2007. "World Development Indicators 2007," World Bank Publications, The World Bank, number 8150.
- Dasgupta, Partha, 2004. "Human Well-Being and the Natural Environment," OUP Catalogue, Oxford University Press, number 9780199267194, April. Full references (including those not matched with items on IDEAS)
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