National account measures and sustainability objectives: present approaches and future prospects

Clarke, M and Islam, S 2006, 'National account measures and sustainability objectives: present approaches and future prospects', Sustainable Development, vol. 14, no. 4, pp. 219-233.


Document type: Journal Article
Collection: Journal Articles

Title National account measures and sustainability objectives: present approaches and future prospects
Author(s) Clarke, M
Islam, S
Year 2006
Journal name Sustainable Development
Volume number 14
Issue number 4
Start page 219
End page 233
Total pages 15
Publisher John Wiley and Sons
Abstract A dominant objective within the public policies of all SE Asian countries has been the achievement of economic growth. The issue of sustainability has serious implications for this policy objective. Pursuit of economic growth is concerned solely with the present, whilst sustainability is concerned with ensuring the current generation meets its present needs without threatening future generations' ability to do likewise. National accounts, such as gross domestic product, can measure healthy economies, but they can not measure sustainability. This paper, however, sets out a conceptual approach that describes the misalignment of national accounting measures with sustainability objectives and provides empirical evidence of how this misalignment can be partially overcome. An empirical approach is developed whereby certain adjustments to national accounts, based on normative social choice theory, are introduced to indicate how a partial measure of sustainability can be determined using national accounting aggregates as a base.
Subject Land Use and Environmental Planning
Keyword(s) Economic Welfare Isew
Index
DOI - identifier 10.1002/sd.264
Copyright notice Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment
ISSN 0968-0802
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