Measuring sustainable welfare: A new approach to the ISEW

Beça, Pedro; Santos, Rui

doi:10.1016/j.ecolecon.2009.11.031

Cited by 56 publications

(13 citation statements)

References 32 publications

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“…In some cases, such as those involving carbon emissions, there was a total lack of monitoring of outcomes against targets [31,36,39,60,61,70,84,100,104,111]. In others, evaluation may have been limited owing to a lack of targets or standardised measures [48,54,55,60,64].…”

Section: Knowledge/scope Issuesmentioning

confidence: 99%

“…Finally, there was a lack of market instruments, and economic markets themselves inhibited the ability to address environmental issues [31,36,40,57,[59][60][61][62][63][64][65][66][67][68][69][70][71][72][73][74][75][76]. Fieldman [76] compared liberal market economies in the UK and USA with coordinated market economies in Germany and Japan in terms of their influence over pollution.…”

Section: Interrelated Structural Causesmentioning

confidence: 99%

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Environmental Sustainability: A Case of Policy Implementation Failure?

et al. 2017

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For a generation, governments around the world have been committed to sustainable development as a policy goal. This has been supported by an array of new policies ranging from international agreements, to national strategies, environmental laws at many levels of government, regional programs, and local plans. Despite these efforts, decades of scientific monitoring indicate that the world is no closer to environmental sustainability and in many respects the situation is getting worse. This paper argues that a significant contributing factor to this situation is policy implementation failure. A systematic review of the literature reveals that the failure to achieve the intended outcomes of environmental policies is due to economic, political and communication factors. Conflict between the objectives of environmental policies and those focused on economic development, a lack of incentives to implement environmental policies, and a failure to communicate objectives to key stakeholders are all key factors that contribute to the inability to attain environmental sustainability.

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Section: Knowledge/scope Issuesmentioning

confidence: 99%

Section: Interrelated Structural Causesmentioning

confidence: 99%

Environmental Sustainability: A Case of Policy Implementation Failure?

et al. 2017

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“…The Index has been criticized for the fact that it measures welfare and sustainability together (Neumayer 2000), and for the methodological treatment of flows and stocks (Beça and Santos 2010). Responses to the former criticism support that the ISEW indicator is an aggregate indicator for both current and future well-being.…”

Section: The Methodology Of the Tourism Isew Based On The Conventionamentioning

confidence: 99%

Sustainable Tourism Production and Consumption as Constituents of Sustainable Tourism GDP: Lessons from a Typical Index of Sustainable Economic Welfare (ISEW)

Menegaki

2020

Strategies in Sustainable Tourism, Economic Growth and Clean Energy

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Based on the New Economics trend, only sustainable income should be regarded as a genuine income. The conventionally measured income through GDP is neither sustainable nor genuine. The Index of Sustainable Economic Welfare (ISEW) incorporates all aspects of income generation and or income destruction in a triplelevel consideration: economy, environment and society. In this chapter, I propose transferring this logic to the measurement of tourism income, as part of national GDP. Many countries boast high percentages of tourism GDP, with subsequent direct, indirect and induced effects. However, there is a question of how much of that income is sustainable and genuine and how much cost that income incurs during the process of its generation and consumption. This chapter attempts transferring the paradigm of the ISEW as a proxy for sustainable GDP into a tourism ISEW as a proxy for sustainable tourism GDP.

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“…Also, after the Stiglitz-Sen-Fitoussi Commission's report (2009), it was more deeply and widely recognized that GDP is not a sufficient and complete measure of social welfare and progress. The main reason for this claim was that GDP does not cover socio-economic issues such as unpaid work, quality of life, human satisfaction, environmental degradation, human capital, natural capital, income distribution and defense spending (Beça and Santos, 2014;Beça and Santos, 2010;Brennan, 2008;Brennan, 2013;Lawn, 2013;Lawn, 2003 andNeumayer, 2000 found that because of the sterile accounting it has infiltrated into GDP architecture, it cannot measure real progress and prosperity).…”

Section: What Is the Isew?mentioning

confidence: 99%

Energy Consumption and Sustainable Economic Welfare: New Evidence of Organization of Petroleum Exporting Countries

Azami

Almasi

2020

IJEEP

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This paper examines the relationship between energy consumption and sustainable economic welfare in Organization of Petroleum Exporting Countries. Initially, the index of sustainable economic welfare (ISEW) is calculated followed by an investigation of the relationship between energy consumption and sustainable economic welfare in these countries. The calculation of the ISEW reveals the most important beneficial component and the most important cost component of ISEW is adjusted personal consumption and energy depletion, respectively. The estimated results based on the Westerlund (2007) test and considering cross-sectional dependence indicate that there is a long run relationship between energy consumption and sustainable economic welfare. Granger's causality test results indicated a unidirectional causality running from sustainable economic welfare to energy consumption. This result has implications for energy and environmental policy makers; energy conservation policy will be useful in improving the quality of environment and it does not have adverse impact on their sustainable economic welfare.

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Measuring sustainable welfare: A new approach to the ISEW

Cited by 56 publications

References 32 publications

Environmental Sustainability: A Case of Policy Implementation Failure?

Environmental Sustainability: A Case of Policy Implementation Failure?

Sustainable Tourism Production and Consumption as Constituents of Sustainable Tourism GDP: Lessons from a Typical Index of Sustainable Economic Welfare (ISEW)

Energy Consumption and Sustainable Economic Welfare: New Evidence of Organization of Petroleum Exporting Countries

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