Critical evaluation of sustainability indices

Ván, Hajnalka and Gébert, Judit and Málovics, György: Critical evaluation of sustainability indices. Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress : International Scientific Conference Szeged, November 19-21, 2009. pp. 1249-1271. (2010)

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Abstract

Questions of welfare and development have been an interesting aspect for economic researchers for a long time. Though most economists agree that the most often used indices of the SNA (GDP, GNP) struggle with a serious deficit in welfare measuring, these indices are still "doing well" as welfare indicators within the current economy and economic policy decision-making. The reason for this is partially that, according to some opinions, maximization of these economic indices is a necessary but not sufficient condition of welfare growth. On the other hand convincing welfare measuring alternatives are missing. In our study we will critically analyse three welfare indicators (GDP, Human Development Index (HDI), Sustainable Society Index (SSI)) based on the dilemmas connected to welfare theories appearing in welfare economics. Our conclusion is that (1) valid single-dimensional indicators can not necessarily be created for measuring welfare, and (2) over a certain level the GDP per capita indicator does not go hand in hand with the extent of welfare increase indicated by other welfare indicators based on broader information basis.

Item Type: Article
Journal or Publication Title: Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress : International Scientific Conference Szeged, November 19-21, 2009
Date: 2010
Page Range: pp. 1249-1271
ISBN: 978-963-06-9558-9
Uncontrolled Keywords: Fenntartható fejlődés - Magyarország, Munkaerőgazdálkodás
Additional Information: Bibliogr.: p. 1270-1271. ; összefoglalás angol nyelven
Date Deposited: 2019. May. 15. 11:14
Last Modified: 2019. May. 15. 11:14
URI: http://acta.bibl.u-szeged.hu/id/eprint/57869

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