Incorporating Resilience in the Assessment of Inclusive Wealth: An Example from South East Australia

Incorporating Resilience in the Assessment of Inclusive Wealth: An Example from South East Australia
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DOI:
10.1007/s10640-009-9311-7
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发表时间:
2010-02
影响因子:
5.9
通讯作者:
B. Walker;L. Pearson;M. Harris;K. Maler;C. Li;R. Biggs;T. Baynes
B. Walker;L. Pearson;M. Harris;K. Maler;C. Li;R. Biggs;T. Baynes
中科院分区:
经济学3区
文献类型:
--
作者:
B. Walker;L. Pearson;M. Harris;K. Maler;C. Li;R. Biggs;T. Baynes

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本文探讨了系统弹性变化对资源配置决策可持续性的影响,如包容性财富(IW)(Arrow et al.在Environ Resour Econ 26:647-685,2003中)。我们通过考虑已知或怀疑的阈值,可以导致不可逆转的(或几乎不可逆转的)变化的生产力和资产价值,从而社会福利的弹性估计在IW。这些阈值使我们能够确定可能导致资本存量(该地区的财富)下降风险增加的政策或项目。这种风险没有通过现行系统业绩的通常衡量标准(例如农业生产)反映出来。我们使用Goulburn-Broken流域在澳大利亚东南部作为一个案例研究,探讨包容性财富的估计,包括弹性的意义和实用性。
This paper explores the consequences of changes in a system’s resilience on the sustainability of resource allocation decisions, as measured by Inclusive Wealth (IW) (Arrow et al. in Environ Resour Econ 26:647–685, 2003). We incorporate an estimate of resilience in IW by taking account of known or suspected thresholds that can lead to irreversible (or practically irreversible) changes in the productivity and value of assets and hence social welfare. These thresholds allow us to identify policies or projects that may be leading to an increased risk of decline in capital stocks (the wealth of the region). Such risks are not reflected through usual measures of current system performance, e.g. agricultural production. We use the Goulburn-Broken Catchment in south-eastern Australia as a case study to explore the significance and practicality of including resilience in inclusive wealth estimates.