Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.019285
Carlos Morales
In answer to Daly's original call for an environmental macroeconomics, Heyes incorporated an environmental constraint in the form of an EE or "ecological equilibrium" curve into a simple "Investment/Savings (IS)-Liquidity/Money (LM)" model (Heyes, 2000). Some criticisms and extensions to the Heyes proposal were presented by Lawn to reflect open economy issues and the implications of technological progress (Lawn, 2003, 2007). Recently, Sim (2006) conducted a discussion on the adjustment processes of the IS?LM?EE system. In this paper, a simple framework extending the IS?LM?EE model is presented to address the perceived problem of having to balance the twin macro goals of economic growth and environmental sustainability. This paper shows that unless environmental policy is optimal, the policy maker's decision will lead to unsustainable growth. If, on the contrary, environmental policy is optimal, there is: (a) initially, a finite period of sustainable growth and (b) due to thermodynamic constraints, a gradual adjustment to a stationary sustainable output level. Social preferences, however, play a crucial role in terms of characterising the long-run adjustment process. The aim of this paper is to contribute further to Heyes' original proposal ? the greening of text book macro theory ? and is motivated by Daly's suggestion that macroeconomic theory should promote the basic goals of human development and sustainability.
{"title":"Environmental macroeconomics: from the IS?LM?EE model to a social welfare approach","authors":"Carlos Morales","doi":"10.1504/IJEWE.2007.019285","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.019285","url":null,"abstract":"In answer to Daly's original call for an environmental macroeconomics, Heyes incorporated an environmental constraint in the form of an EE or \"ecological equilibrium\" curve into a simple \"Investment/Savings (IS)-Liquidity/Money (LM)\" model (Heyes, 2000). Some criticisms and extensions to the Heyes proposal were presented by Lawn to reflect open economy issues and the implications of technological progress (Lawn, 2003, 2007). Recently, Sim (2006) conducted a discussion on the adjustment processes of the IS?LM?EE system. In this paper, a simple framework extending the IS?LM?EE model is presented to address the perceived problem of having to balance the twin macro goals of economic growth and environmental sustainability. This paper shows that unless environmental policy is optimal, the policy maker's decision will lead to unsustainable growth. If, on the contrary, environmental policy is optimal, there is: (a) initially, a finite period of sustainable growth and (b) due to thermodynamic constraints, a gradual adjustment to a stationary sustainable output level. Social preferences, however, play a crucial role in terms of characterising the long-run adjustment process. The aim of this paper is to contribute further to Heyes' original proposal ? the greening of text book macro theory ? and is motivated by Daly's suggestion that macroeconomic theory should promote the basic goals of human development and sustainability.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"301"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.019285","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66777230","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.019284
B. Cook
Regional employment policies in the UK can be classified as conforming to the New Regionalism (NR) paradigm with a 'Third Way' concern for social inclusion. In place of the Keynesian welfare state policy of full employment, the government favours development of clusters and promotion of social entrepreneurship as the engines of economic growth, stimulus for labour demand, developing the 'employability' of workless groups and as a means of addressing social exclusion. This article scrutinises the viability of this programme as a means of eliminating spatial disparities in unemployment and finds that it is incapable of achieving this objective in an environment of macroeconomic constraint.
{"title":"New Regionalism in the UK: eliminating spatial disparities in unemployment?","authors":"B. Cook","doi":"10.1504/IJEWE.2007.019284","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.019284","url":null,"abstract":"Regional employment policies in the UK can be classified as conforming to the New Regionalism (NR) paradigm with a 'Third Way' concern for social inclusion. In place of the Keynesian welfare state policy of full employment, the government favours development of clusters and promotion of social entrepreneurship as the engines of economic growth, stimulus for labour demand, developing the 'employability' of workless groups and as a means of addressing social exclusion. This article scrutinises the viability of this programme as a means of eliminating spatial disparities in unemployment and finds that it is incapable of achieving this objective in an environment of macroeconomic constraint.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"285"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.019284","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66777638","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.019281
J. Juniper
The objective of the article is to critically assess the approach taken by Basili (1994) and Vercelli (1994) towards the valuation of non-marketed environment assets. To this end, the article examines Keynes's approach to uncertainty and irrationality as influences over economic behaviour. Modern interpretations of these Keynesian insights, which have been influenced by neoclassical quantitative finance and psychological theories of decision-making, are then reviewed. A brief overview of how real options theory has been applied to the analysis of corporate investment sets the scene for a discussion of Basili and Vercelli's concept of the quasi-option values associated with the valuation of environmental assets. A 'destructive' critique is mounted against neoclassical approaches to valuation and the article concludes with a series of 'constructive' philosophical observations, drawing on Spinozian aspects of Whitehead's process philosophy.
{"title":"Environmental investment and valuation: a Keynesian (and Freudian) perspective","authors":"J. Juniper","doi":"10.1504/IJEWE.2007.019281","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.019281","url":null,"abstract":"The objective of the article is to critically assess the approach taken by Basili (1994) and Vercelli (1994) towards the valuation of non-marketed environment assets. To this end, the article examines Keynes's approach to uncertainty and irrationality as influences over economic behaviour. Modern interpretations of these Keynesian insights, which have been influenced by neoclassical quantitative finance and psychological theories of decision-making, are then reviewed. A brief overview of how real options theory has been applied to the analysis of corporate investment sets the scene for a discussion of Basili and Vercelli's concept of the quasi-option values associated with the valuation of environmental assets. A 'destructive' critique is mounted against neoclassical approaches to valuation and the article concludes with a series of 'constructive' philosophical observations, drawing on Spinozian aspects of Whitehead's process philosophy.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"230"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.019281","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66777212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.019279
Andrew Nadolny
Urban water provision, traditionally a local activity, has since the 1990s been drawn into the orbit of global capital accumulation. The largest private water companies that are internationally active are several vertically integrated French and the UK firms. This article discusses reasons for this dominance and contrasts the situation with Australia where the domestic water services industry has only achieved a minor international presence. Some domestic firms were earmarked in the 1990s as representatives of a potentially prosperous exporting environmental technology industry. However, these global aspirations have largely failed, due to destructive inter-firm rivalry and uncoordinated industry assistance programmes.
{"title":"Wet dreams – dry realities: lost opportunities for an Australian presence in the global water services industry","authors":"Andrew Nadolny","doi":"10.1504/IJEWE.2007.019279","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.019279","url":null,"abstract":"Urban water provision, traditionally a local activity, has since the 1990s been drawn into the orbit of global capital accumulation. The largest private water companies that are internationally active are several vertically integrated French and the UK firms. This article discusses reasons for this dominance and contrasts the situation with Australia where the domestic water services industry has only achieved a minor international presence. Some domestic firms were earmarked in the 1990s as representatives of a potentially prosperous exporting environmental technology industry. However, these global aspirations have largely failed, due to destructive inter-firm rivalry and uncoordinated industry assistance programmes.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"195"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.019279","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66777067","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.017881
Nyda Chhinh, Philip A. Lawn
In the tradition of Hicks (1946), Gross Domestic Product (GDP) is an inadequate measure of national income insofar as it includes, as current income, the depletion of income-generating capital. Using an alternative measure of Hicksian national income called Sustainable Net Domestic Product (SNDP) (Daly, 1996), it is shown that, for the period 1988?2004, Cambodia's SNDP was lower than its GDP. More crucially, the disparity between the two indicators increased from 715 billion riels in 1988 to 4,186 billion riels by 2004 – effectively a six-fold increase in the gap over the study period. From a per capita perspective, there was a sharp decline in the per capita SNDP in 1995. Whereas Cambodia's per capita real GDP rose significantly between 1998 and the end of the study period, its per capita SNDP suffered a marked downturn in 2001 and 2002. Overall, the per capita GDP growth spurt between 1988 and 2004 did not genuinely equate to a similar increase in sustainable per capita income and that, relative to the early part of the study period, Cambodia's much higher per capita level of GDP after 2001 was fuelled by an increased consumption of income-generating capital, in particular, of its forestry and fishery assets.
{"title":"The Sustainable Net Domestic Product of Cambodia, 1988?2004","authors":"Nyda Chhinh, Philip A. Lawn","doi":"10.1504/IJEWE.2007.017881","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.017881","url":null,"abstract":"In the tradition of Hicks (1946), Gross Domestic Product (GDP) is an inadequate measure of national income insofar as it includes, as current income, the depletion of income-generating capital. Using an alternative measure of Hicksian national income called Sustainable Net Domestic Product (SNDP) (Daly, 1996), it is shown that, for the period 1988?2004, Cambodia's SNDP was lower than its GDP. More crucially, the disparity between the two indicators increased from 715 billion riels in 1988 to 4,186 billion riels by 2004 – effectively a six-fold increase in the gap over the study period. From a per capita perspective, there was a sharp decline in the per capita SNDP in 1995. Whereas Cambodia's per capita real GDP rose significantly between 1998 and the end of the study period, its per capita SNDP suffered a marked downturn in 2001 and 2002. Overall, the per capita GDP growth spurt between 1988 and 2004 did not genuinely equate to a similar increase in sustainable per capita income and that, relative to the early part of the study period, Cambodia's much higher per capita level of GDP after 2001 was fuelled by an increased consumption of income-generating capital, in particular, of its forestry and fishery assets.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"154"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.017881","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66776868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.019282
Bill Mitchell, Jennifer Myers
This article considers whether rates of job destruction and creation are influenced by exchange rate movements. It shows that gross job flows in the goods-producing sector are significantly impacted by exchange rate fluctuations, with an appreciation increasing both job creation and destruction rates and hence job reallocation. However, job destruction does not dominate the adjustment process. Trading-services sector job destruction rate is marginally and negatively responsive to exchange rates, with the remaining-services sector unresponsive to exchange rate movements.
{"title":"Are gross job flows in Australia sensitive to exchange rate fluctuations","authors":"Bill Mitchell, Jennifer Myers","doi":"10.1504/IJEWE.2007.019282","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.019282","url":null,"abstract":"This article considers whether rates of job destruction and creation are influenced by exchange rate movements. It shows that gross job flows in the goods-producing sector are significantly impacted by exchange rate fluctuations, with an appreciation increasing both job creation and destruction rates and hence job reallocation. However, job destruction does not dominate the adjustment process. Trading-services sector job destruction rate is marginally and negatively responsive to exchange rates, with the remaining-services sector unresponsive to exchange rate movements.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"248"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.019282","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66776904","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.017876
V. Forgie
The rate of growth or decline in Gross Domestic Product (GDP) is reported quarterly in New Zealand and regarded as the paramount measure of how the nation is faring. However, the welfare of New Zealanders is determined by more than economic factors and the non-economic portion is not taken into account when only GDP, which measures monetary exchanges in the market place, is used as a gauge. Non-economic contributions to welfare come from many sources including unpaid work and the natural environment ? from which the economy extracts resources and returns wastes. The Genuine Progress Indicator (GPI) endeavours to develop measures for such items and then adjust GDP to reflect their contribution. GPIs have been constructed for a number of countries and they all show such contributions are considerable, though difficult to measure. No 'convention' has been established for the constructing of a GPI to make the process more systematic and ensure the appropriate data are collected. This paper looks specifically at the approaches taken to value the natural capital and ecosystem services that have contributed to welfare over the 1970?2005 period in New Zealand, and, whether such measures could be more generic.
{"title":"The need for 'convention' in environmental valuation","authors":"V. Forgie","doi":"10.1504/IJEWE.2007.017876","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.017876","url":null,"abstract":"The rate of growth or decline in Gross Domestic Product (GDP) is reported quarterly in New Zealand and regarded as the paramount measure of how the nation is faring. However, the welfare of New Zealanders is determined by more than economic factors and the non-economic portion is not taken into account when only GDP, which measures monetary exchanges in the market place, is used as a gauge. Non-economic contributions to welfare come from many sources including unpaid work and the natural environment ? from which the economy extracts resources and returns wastes. The Genuine Progress Indicator (GPI) endeavours to develop measures for such items and then adjust GDP to reflect their contribution. GPIs have been constructed for a number of countries and they all show such contributions are considerable, though difficult to measure. No 'convention' has been established for the constructing of a GPI to make the process more systematic and ensure the appropriate data are collected. This paper looks specifically at the approaches taken to value the natural capital and ecosystem services that have contributed to welfare over the 1970?2005 period in New Zealand, and, whether such measures could be more generic.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"72"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.017876","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66776999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.017880
K. Bagstad, M. Ceroni
The closely related Genuine Progress Indicator (GPI) and Index of Sustainable Economic Welfare (ISEW) provide monetised estimates of societal well-being based on economic, social and environmental criteria. Although the first ISEW/GPI estimates were completed at the national scale, there has been recent interest in applying GPI locally and regionally. Similar to national policy decisions, local fiscal, environmental and land use choices can strongly influence well-being. Local GPI estimates present several challenges, including data quality and availability, interpretation of certain components and appropriate application of results. We present a case study from seven counties in northern Vermont, USA from 1950 to 2000. This case study facilitates comparison between county, state and national GPI, and across a small urban?rural gradient. The case study illustrates both the difficulties and value of applying GPI/ISEW at local scales. We find that for recent years in an industrialised nation, it is possible to construct robust GPI estimates that allow comparisons of well-being across regions.
{"title":"Opportunities and challenges in applying the Genuine Progress Indicator/Index of Sustainable Economic Welfare at local scales","authors":"K. Bagstad, M. Ceroni","doi":"10.1504/IJEWE.2007.017880","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.017880","url":null,"abstract":"The closely related Genuine Progress Indicator (GPI) and Index of Sustainable Economic Welfare (ISEW) provide monetised estimates of societal well-being based on economic, social and environmental criteria. Although the first ISEW/GPI estimates were completed at the national scale, there has been recent interest in applying GPI locally and regionally. Similar to national policy decisions, local fiscal, environmental and land use choices can strongly influence well-being. Local GPI estimates present several challenges, including data quality and availability, interpretation of certain components and appropriate application of results. We present a case study from seven counties in northern Vermont, USA from 1950 to 2000. This case study facilitates comparison between county, state and national GPI, and across a small urban?rural gradient. The case study illustrates both the difficulties and value of applying GPI/ISEW at local scales. We find that for recent years in an industrialised nation, it is possible to construct robust GPI estimates that allow comparisons of well-being across regions.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"132"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.017880","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66776749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.019278
G. Evans
The Hunter Valley, New South Wales, Australia is one of the world's climate change hot-spots. It is where 40% of Australia's electricity is generated from five coal-fired power plants, and is the source of 100 million tonnes of black coal exported annually to the global markets. A growing number of local residents of the Hunter Valley are questioning the sustainability of the region's coal dependent economy because of its harmful local ecological and social impacts and its contribution to global warming. Environmental organisations and some labour unions have identified the need for a 'just transition' to clean, renewable energy-based economies at local, national and global scales to respond to these threats. A just transition is a process of economic restructuring from unsustainable economies towards ecological and social sustainability while creating new Green Jobs and supporting people and communities who might be disadvantaged during the change process. This article considers the potential for a just transition in the Hunter Valley with respect to coal mining, the export coal industry and domestic power generation. Attention is given to potential for common ground among key labour unions, environmentalists and local residents, and to the critical role of government intervention for a successful just transition process.
{"title":"A just transition from coal to renewable energy in the Hunter Valley of New South Wales, Australia","authors":"G. Evans","doi":"10.1504/IJEWE.2007.019278","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.019278","url":null,"abstract":"The Hunter Valley, New South Wales, Australia is one of the world's climate change hot-spots. It is where 40% of Australia's electricity is generated from five coal-fired power plants, and is the source of 100 million tonnes of black coal exported annually to the global markets. A growing number of local residents of the Hunter Valley are questioning the sustainability of the region's coal dependent economy because of its harmful local ecological and social impacts and its contribution to global warming. Environmental organisations and some labour unions have identified the need for a 'just transition' to clean, renewable energy-based economies at local, national and global scales to respond to these threats. A just transition is a process of economic restructuring from unsustainable economies towards ecological and social sustainability while creating new Green Jobs and supporting people and communities who might be disadvantaged during the change process. This article considers the potential for a just transition in the Hunter Valley with respect to coal mining, the export coal industry and domestic power generation. Attention is given to potential for common ground among key labour unions, environmentalists and local residents, and to the critical role of government intervention for a successful just transition process.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"175"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.019278","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66776977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2007-01-01DOI: 10.1504/IJEWE.2007.017878
Brent Bleys
The compilation of the Index of Sustainable Economic Welfare (ISEW) requires a large amount of data on a wide range of topics. Gathering these data is a very difficult task that has undoubtedly put off researchers in the past. First, this paper puts forward a Simplified ISEW (SISEW) that includes in its methodological framework only the quantitatively most important items. Reducing the number of items in the methodological framework of the ISEW does not only allow for an easier compilation of the index, also it indicates which items require most attention in the debate that will lead to an internationally agreed upon set of valuation methods. Next, the impact of working with the SISEW instead of the original ISEW is investigated for the studies on Belgium, the UK and Australia. Afterwards, the specific data needs for the items that satisfied the quantitative significance criterion are looked into and possible data sources for each item are reviewed. Finally, the SISEW is calculated for The Netherlands in order to see how readily available the data needed to compile the simplified index are in practice.
{"title":"Simplifying the Index of Sustainable Economic Welfare: methodology, data sources and a case study for the Netherlands","authors":"Brent Bleys","doi":"10.1504/IJEWE.2007.017878","DOIUrl":"https://doi.org/10.1504/IJEWE.2007.017878","url":null,"abstract":"The compilation of the Index of Sustainable Economic Welfare (ISEW) requires a large amount of data on a wide range of topics. Gathering these data is a very difficult task that has undoubtedly put off researchers in the past. First, this paper puts forward a Simplified ISEW (SISEW) that includes in its methodological framework only the quantitatively most important items. Reducing the number of items in the methodological framework of the ISEW does not only allow for an easier compilation of the index, also it indicates which items require most attention in the debate that will lead to an internationally agreed upon set of valuation methods. Next, the impact of working with the SISEW instead of the original ISEW is investigated for the studies on Belgium, the UK and Australia. Afterwards, the specific data needs for the items that satisfied the quantitative significance criterion are looked into and possible data sources for each item are reviewed. Finally, the SISEW is calculated for The Netherlands in order to see how readily available the data needed to compile the simplified index are in practice.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"3 1","pages":"103"},"PeriodicalIF":0.0,"publicationDate":"2007-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1504/IJEWE.2007.017878","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66777123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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