Hanley, N. , Dupuy, L. and McLaughlin, E. (2015) Genuine savings and sustainability. Journal of Economic Surveys, 29(4), pp. 779-806. (doi: 10.1111/joes.12120)
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Abstract
Genuine Savings (GS) has emerged as the leading economic indicator of sustainable economic development at the country level. It derives from the literatures on weak sustainability, wealth accounting and national income accounting. We discuss the theoretical underpinnings of GS, focusing on the relationship between changes in a nation's extended capital stock and the future path of consumption. The indicator has entered widespread use propelled by the World Bank's publications, despite its varying performance as a predictor for future consumption. Notwithstanding the extensive body of literature reviewed, promising future research avenues are identified.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Hanley, Professor Nicholas |
| Authors: | Hanley, N., Dupuy, L., and McLaughlin, E. |
| College/School: | College of Medical Veterinary and Life Sciences > School of Biodiversity, One Health & Veterinary Medicine |
| Journal Name: | Journal of Economic Surveys |
| Publisher: | Wiley |
| ISSN: | 0950-0804 |
| ISSN (Online): | 1467-6419 |
| Published Online: | 17 August 2015 |
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