Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorMcLaughlin, Eoinen_UK
dc.contributor.authorGreasley, Daviden_UK
dc.contributor.authorHanley, Nicholasen_UK
dc.contributor.authorOxley, Lesen_UK
dc.contributor.authorWarde, Paulen_UK
dc.description.abstractGenuine Savings has been proposed as an economic indicator of sustainable development, and has been the focus of World Bank sustainability assessments for countries globally. However, whilst the theoretical basis for Genuine Savings is well-established (Arrow et al, 2011; Hamilton and Withagen, 2007; Pezzey, 2004), its ability to forecast long-run trends in well-being remains un-tested. In this paper, we take a first step towards such an assessment by constructing a time series of estimates for produced, natural and human capital for Britain over the period 1760-2000, and use them to derive estimates of Genuine Savings. The next step in the project will be to compare these Genuine Savings estimates with a range of well-being indicators to answer the question: does positive Genuine Savings predict improvements in average well-being?en_UK
dc.relationMcLaughlin E, Greasley D, Hanley N, Oxley L & Warde P (2012) Testing for long-run "sustainability": Genuine Savings estimates for Britain, 1760-2000. Stirling Economics Discussion Paper, 2012-05.en_UK
dc.relation.ispartofseriesStirling Economics Discussion Paper, 2012-05en_UK
dc.subjectGenuine Savingsen_UK
dc.subjectEconomic Historyen_UK
dc.titleTesting for long-run "sustainability": Genuine Savings estimates for Britain, 1760-2000en_UK
dc.typeWorking Paperen_UK
dc.type.statusAO - Author's Originalen_UK
dc.subject.jelQ01: Sustainable Developmenten_UK
dc.subject.jelQ32: Exhaustible Resources and Economic Developmenten_UK
dc.subject.jelQ56: Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growthen_UK
dc.subject.jelN13: Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: Pre-1913en_UK
dc.subject.jelN14: Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: 1913-en_UK
dc.contributor.affiliationUniversity of Edinburghen_UK
dc.contributor.affiliationUniversity of Edinburghen_UK
dc.contributor.affiliationUniversity of Canterburyen_UK
dc.contributor.affiliationUniversity of East Angliaen_UK
rioxxterms.typeWorking paperen_UK
local.rioxx.authorMcLaughlin, Eoin|en_UK
local.rioxx.authorGreasley, David|en_UK
local.rioxx.authorHanley, Nicholas|en_UK
local.rioxx.authorOxley, Les|en_UK
local.rioxx.authorWarde, Paul|en_UK
local.rioxx.projectInternal Project|University of Stirling|
Appears in Collections:Economics Working Papers

Files in This Item:
File Description SizeFormat 
SEDP-2012-05-McLaughlin-Greasley-Hanley-Oxley-Warde.pdf956.56 kBAdobe PDFView/Open

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.