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dc.contributor.authorHanley, Nicken_NZ
dc.contributor.authorOxley, Lesen_NZ
dc.contributor.authorGreasley, Daviden_NZ
dc.contributor.authorMcLaughlin, Eoinen_NZ
dc.contributor.authorBlum, Matthiasen_NZ
dc.date.accessioned2019-12-03T01:51:47Z
dc.date.available2016-01-01en_NZ
dc.date.available2019-12-03T01:51:47Z
dc.date.issued2016en_NZ
dc.identifier.citationHanley, N., Oxley, L., Greasley, D., McLaughlin, E., & Blum, M. (2016). Empirical testing of genuine savings as an indicator of weak sustainability: A three-country analysis of long-run trends. Environmental and Resource Economics, 63(2), 313–338. https://doi.org/10.1007/s10640-015-9928-7en
dc.identifier.issn0924-6460en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/13248
dc.description.abstractGenuine Savings has emerged as a widely-used indicator of sustainable development. This approach to conceptualising what sustainability is about has strong links to work published by Anil Markandya and colleagues over 20 years ago. In this paper, we use long-term data stretching back to 1870 to undertake empirical tests of the relationship between Genuine Savings (GS) and future well-being for three countries: Britain, the USA and Germany. Our tests are based on an underlying theoretical relationship between GS and changes in the present value of future consumption. Based on both single country and panel results, we find evidence supporting the existence of a cointegrating (long run equilibrium) relationship between GS and future well-being, and fail to reject the basic theoretical result on the relationship between these two macroeconomic variables. This provides some support for the GS measure of weak sustainability.
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherSpringeren_NZ
dc.rights© Springer Science+Business Media Dordrecht 2015.This is the author's accepted version. The final publication is available at Springer via dx.doi.org/10.1007/s10640-015-9928-7
dc.subjectSocial Sciencesen_NZ
dc.subjectScience & Technologyen_NZ
dc.subjectLife Sciences & Biomedicineen_NZ
dc.subjectEconomicsen_NZ
dc.subjectEnvironmental Studiesen_NZ
dc.subjectBusiness & Economicsen_NZ
dc.subjectEnvironmental Sciences & Ecologyen_NZ
dc.subjectWeak sustainabilityen_NZ
dc.subjectGenuine savingsen_NZ
dc.subjectComprehensive investmenten_NZ
dc.subjectEconomic historyen_NZ
dc.subjectSustainable development indicatorsen_NZ
dc.subjectCointegrationen_NZ
dc.subjectCOINTEGRATIONen_NZ
dc.subjectGROWTHen_NZ
dc.subjectREGRESSIONen_NZ
dc.subjectWEALTHen_NZ
dc.subjectINCOMEen_NZ
dc.subjectPATHen_NZ
dc.titleEmpirical testing of genuine savings as an indicator of weak sustainability: A three-country analysis of long-run trendsen_NZ
dc.typeJournal Article
dc.identifier.doi10.1007/s10640-015-9928-7en_NZ
dc.relation.isPartOfEnvironmental and Resource Economicsen_NZ
pubs.begin-page313
pubs.elements-id121820
pubs.end-page338
pubs.issue2en_NZ
pubs.publication-statusPublisheden_NZ
pubs.volume63en_NZ
dc.identifier.eissn1573-1502en_NZ


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