標題: Empirical measurement of sustainable welfare from the perspective of extended genuine savings
作者: Lin, Grace T. R.
科技管理研究所
Institute of Management of Technology
關鍵字: genuine savings;sustainability;sustainable welfare;welfare loss;income inequality
公開日期: 1-五月-2007
摘要: The original genuine savings (GS) model started from a concern mainly with unchanged capital: if the stocks of all forms of capital decline through time, welfare will decline, too, eventually leading to unsustainability. In other words, negative GS rates indicate unsustainability. In the context of sustainable development evaluation, however, income distribution and change of per capita welfare are two significant dimensions that the GS model has totally ignored and that need to be aptly incorporated into the model. This is because, behind a positive GS ratio, a country still faces other factors such as current income inequality and population growth, which may undermine the enjoyable sustainable welfare. This paper therefore adjusts the GS framework for these reflections and tests its application to the United Kingdom and Taiwan between 1970 and 1998. Our result shows that the United Kingdom has more depressed GS rates and more eminent sustainable welfare loss than Taiwan over the years. This result has been accordant with some prior research claims: many resource-rich countries have achieved slow or no long-term improvements in their standards of living. Copyright (c) 2007 John Wiley & Sons, Ltd and ERID Environment.
URI: http://dx.doi.org/10.1002/sd.318
http://hdl.handle.net/11536/14330
ISSN: 0968-0802
DOI: 10.1002/sd.318
期刊: SUSTAINABLE DEVELOPMENT
Volume: 15
Issue: 3
起始頁: 188
結束頁: 203
顯示於類別:期刊論文


文件中的檔案:

  1. 000246994700005.pdf