Measuring Victoria's genuine progress: a genuine progress indicator for Victoria

Clarke, M and Lawn, P 2005, 'Measuring Victoria's genuine progress: a genuine progress indicator for Victoria', Economic Papers, vol. 24, no. 4, pp. 368-389.


Document type: Journal Article
Collection: Journal Articles

Title Measuring Victoria's genuine progress: a genuine progress indicator for Victoria
Author(s) Clarke, M
Lawn, P
Year 2005
Journal name Economic Papers
Volume number 24
Issue number 4
Start page 368
End page 389
Total pages 22
Publisher Economic Society of Australia
Abstract Efforts to integrate measures of well-being and sustainability have long existed within the literature. A recent approach is the Genuine Progress Indicator (GPI). The GPI is a monetary-based index that has been designed to ascertain the impact of a growing economy on sustainable well-being. The GPI is comprised of a large number of individual items that account for these wideranging impacts of economic growth, including social and environmental benefits and costs as well as those of the standard economic variety. Within this paper, the methodology of the GPI is presented. The impact of economic growth on sustainable well-being is also briefly reviewed for Victoria. This analysis is conducted by estimating a GPI for Victoria over the period 1986-2003.
Subject Economic Development and Growth
Keyword(s) Victoria
sustainability
GPI
DOI - identifier 10.1111/j.1759-3441.2005.tb01009.x
ISSN 0812-0439
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