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Weak support for weak sustainability: Genuine savings and long term wellbeing in Sweden, 1850 - 2000
Department of Economic History, Umeå university, Umeå universitet.
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, Samhällsvetenskap.ORCID-id: 0000-0001-7206-6568
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, Samhällsvetenskap.ORCID-id: 0000-0002-9832-7866
2016 (engelsk)Konferansepaper, Oral presentation only (Annet vitenskapelig)
Abstract [en]

In this paper, we study genuine savings as an indicator of long term welfare for Sweden for the period 1850 to 2000. Sweden has developed long series of comprehensive “green” national accounts for this entire period and is therefore interesting as a testing ground for the hypotheses linking green accounting and sustainability. We find support for the weakest of the hypotheses in the theoretical literature on weak sustainability and genuine savings, that genuine savings is correlated with future economic well-being. However, we find little support for any of the stronger hypotheses in the literature; there is no one-to-one relationship between genuine savings and prosperity, there is no indication that the relationship becomes stronger for longer time horizons, and other hypotheses linked to this literature are also rejected. The findings suggest that genuine savings, at least as currently measured in national accounts and satellite accounts, may not be a good predictor of future prosperity.

sted, utgiver, år, opplag, sider
2016.
HSV kategori
Forskningsprogram
Nationalekonomi
Identifikatorer
URN: urn:nbn:se:ltu:diva-35231Lokal ID: 9aeeb127-895d-4fc4-9669-4c583286bcddOAI: oai:DiVA.org:ltu-35231DiVA, id: diva2:1008483
Konferanse
Ulvön Conference on Environmental Economics : 15/06/2016 - 17/06/2016
Merknad
Godkänd; 2016; 20160816 (huongu)Tilgjengelig fra: 2016-09-30 Laget: 2016-09-30 Sist oppdatert: 2017-11-25bibliografisk kontrollert

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