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Weak support for weak sustainability: Genuine savings and long-term wellbeing in Sweden, 1850 – 2000
Department of Geography and Economic History, Umeå University.
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, Samhällsvetenskap. Division of Mathematical Statistics, Department of Mathematics, Stockholm University.
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, Samhällsvetenskap.ORCID-id: 0000-0001-7206-6568
2018 (Engelska)Ingår i: Ecological Economics, ISSN 0921-8009, E-ISSN 1873-6106, Vol. 145, s. 339-345Artikel i tidskrift (Refereegranskat) Published
Abstract [en]

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, namely that genuine savings are correlated with future economic well-being. However, the stronger hypotheses in this literature are not supported: 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, or with more comprehensive savings measures. The findings suggest that genuine savings, at least as currently measured in national accounts and satellite accounts, may not be a good forward-looking indicator of future prosperity.

Ort, förlag, år, upplaga, sidor
Elsevier, 2018. Vol. 145, s. 339-345
Nyckelord [en]
Genuine savings, green national accounting, weak sustainability, historical national accounts, Sweden
Nationell ämneskategori
Ekonomisk historia Nationalekonomi
Forskningsämne
Nationalekonomi
Identifikatorer
URN: urn:nbn:se:ltu:diva-66586DOI: 10.1016/j.ecolecon.2017.11.015Scopus ID: 2-s2.0-85034601587OAI: oai:DiVA.org:ltu-66586DiVA, id: diva2:1157068
Projekt
Yesterday’s wealth and the wellbeing of tomorrow
Forskningsfinansiär
Jan Wallanders och Tom Hedelius stiftelse
Anmärkning

Validerad;2017;Nivå 2;2017-12-05 (andbra)

Tillgänglig från: 2017-11-15 Skapad: 2017-11-15 Senast uppdaterad: 2017-12-07Bibliografiskt granskad

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