How Useful Is The Genuine Savings Rate As A Macroeconomic Sustainability Indicator For Countries And Regions? Australia And Queensland Compared

Brown, R. C. P., Asafu-Adjaye, John, Draca, M. and Straton, A. (2003) How Useful Is The Genuine Savings Rate As A Macroeconomic Sustainability Indicator For Countries And Regions? Australia And Queensland Compared. Discussion Paper No. 331, School of Economics, The University of Queensland.

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Author Brown, R. C. P.
Asafu-Adjaye, John
Draca, M.
Straton, A.
Title How Useful Is The Genuine Savings Rate As A Macroeconomic Sustainability Indicator For Countries And Regions? Australia And Queensland Compared
School, Department or Centre School of Economics
Institution The University of Queensland
Report Number Discussion Paper No. 331
Publication date 2003-10-01
Start page 1
End page 32
Total pages 32
Editor Dr Mohammad Alauddin
Language eng
Subject 340203 Finance Economics
340102 Macroeconomic Theory
K
720199 Macroeconomic issues not elsewhere classified
Abstract/Summary This paper demonstrates how macroeconomic indicators of sustainable development can be applied to the Queensland economy. We derive a Genuine Savings Rate (GSR) for Queensland for the period 1989 to 1999, which is then compared with the World Bank estimate of Australia's GSR for the same period. Specifically, we examine how well a single "headline" indicator based on the World Bank's GSR performs as a measure of overall sustainability. In doing so, we review criticisms of the GSR and compare its potential policy directives with those emerging from the use of net state savings and then the GSR as part of a suite of indicators.
Keyword genuine savings rate
GSR
sustainability indicator
green accounting
natural capital
human capital
natural resource depletion
Queensland
Additional Notes ISSN: 1446-5523

Document type: Department Technical Report
Collection: Discussion Papers (School of Economics)
 
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Created: Fri, 13 Aug 2004, 10:00:00 EST by Belinda Weaver (EA)