Sustainability and the measurement of wealth

Sustainability and the measurement of wealth
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DOI:
10.1017/s1355770x12000137
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发表时间:
2012-06-01
影响因子:
2.1
通讯作者:
Oleson, Kirsten
Oleson, Kirsten
中科院分区:
经济学4区
文献类型:
--
作者:
Arrow, Kenneth J.;Dasgupta, Partha;Oleson, Kirsten

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我们开发和应用一个一致的和全面的理论框架,以评估经济增长是否与长期维持福祉相兼容。我们的方法与早期的方法不同,集中在财富而不是收入上。可持续性是通过展示一个适当定义的财富综合衡量标准来证明的。我们的财富衡量标准异常全面,不仅包括可再生资本和人力资本,还包括自然资本、健康改善和技术变革。我们将该框架应用于五个国家:美国、中国、巴西、印度和委内瑞拉。我们发现,经常被忽视的财富贡献者-技术变革,自然资本和健康资本-从根本上影响人们得出的结论,即特定国家是否正在实现可持续发展。事实上,即使是表现出可持续性的国家,在促进可持续性的资本种类方面也有很大差异。
We develop and apply a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining wellbeing over time. Our approach differs from earlier approaches by concentrating on wealth rather than income. Sustainability is demonstrated by showing that a properly defined comprehensive measure of wealth is maintained through time. Our wealth measure is unusually comprehensive, capturing not only reproducible and human capital but also natural capital, health improvements and technological change. We apply the framework to five countries: the United States, China, Brazil, India and Venezuela. We show that the often-neglected contributors to wealth - technological change, natural capital and health capital - fundamentally affect the conclusions one draws about whether given nations are achieving sustainability. Indeed, even countries that display sustainability differ considerably in the kinds of capital that contribute to it.