How useful is the genuine savings rate as a sustainability indicator for regions within countries? Australia and Queensland compared

Brown, Richard P. C., Asafu-Adjaye, John, Draca, Mirko and Straton, Anna (2005) How useful is the genuine savings rate as a sustainability indicator for regions within countries? Australia and Queensland compared. The Australian Economic Review, 38 4: 370-388. doi:10.1111/j.1467-8462.2005.00381.x


Author Brown, Richard P. C.
Asafu-Adjaye, John
Draca, Mirko
Straton, Anna
Title How useful is the genuine savings rate as a sustainability indicator for regions within countries? Australia and Queensland compared
Journal name The Australian Economic Review   Check publisher's open access policy
ISSN 0004-9018
1467-8462
Publication date 2005-12-01
Sub-type Article (original research)
DOI 10.1111/j.1467-8462.2005.00381.x
Volume 38
Issue 4
Start page 370
End page 388
Total pages 19
Place of publication Richmond, VIC
Publisher Blackwell
Language eng
Subject C1
340202 Environment and Resource Economics
760200 Environmental and Resource Evaluation
0502 Environmental Science and Management
0599 Other Environmental Sciences
Abstract This article shows how macroeconomic indicators of sustainable development can be applied to the Queensland economy. While recognising the complex and contentious theoretical and practical issues in deriving the Genuine Savings Rate (GSR) to serve as such an indicator, we use the World Bank's methodology, which includes only mineral depletion, deforestation and carbon dioxide emissions as environmental terms, to estimate GSRs for Queensland for the period 1989 to 1999, and compare these to World Bank estimates of Australia's GSR for the same period. We find that Queensland has a higher rate of natural resource depletion and a lower GSR than the whole of Australia. We also examine how well the World Bank GSR performs as a 'headline' measure of overall sustainability, review criticisms of the GSR, and compare its implicit policy implications with those of net state savings, and of the GSR plus a suite of other indicators.
Keyword Sustainable development
GSR
Environmental development
Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
2006 Higher Education Research Data Collection
School of Economics Publications
 
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Created: Wed, 15 Aug 2007, 16:57:27 EST