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The rich, the clean, and the kind - a comprehensive wealth index for cities applied to the case of Germany

Author

Listed:
  • Dovern, Jonas
  • Quaas, Martin
  • Rickels, Wilfried

Abstract

We develop a comprehensive wealth index for cities that measures their endowment with environmental, energy, social, human, and economic capital stocks. We apply this index to the 100 largest autonomous cities in Germany. We find that (i) a good economic performance does not need to come at the cost of environmental degradation; (ii) clear regional differences exist between West and East Germany and between North and South Germany; and (iii) social preferences reflected in the comprehensive wealth index account for roughly half of the variation in housing rents, which reflect individual willingness to pay for living in a certain city.

Suggested Citation

  • Dovern, Jonas & Quaas, Martin & Rickels, Wilfried, 2013. "The rich, the clean, and the kind - a comprehensive wealth index for cities applied to the case of Germany," Kiel Working Papers 1828, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1828
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    File URL: https://www.econstor.eu/bitstream/10419/69520/1/736093141.pdf
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    Cited by:

    1. Stossel, Zeev & Kissinger, Meidad & Meir, Avinoam, 2015. "Measuring the biophysical dimension of urban sustainability," Ecological Economics, Elsevier, vol. 120(C), pages 153-163.

    More about this item

    Keywords

    comprehensive wealth; city; social preferences;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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