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Augmented sustainability measures for Scotland

Pezzey, John C.V; Hanley, Nick; Turner, Karen; Tinch, Dugald


We estimate and compare two empirical measures of the weak sustainability of an economy for the first time: the change in augmented green net national product (GNNP), and the interest on augmented genuine savings (GS). Yearly calculations are given for each measure for Scotland during 1992-99. Augmentation means including, using projections to 2020, changed production possibilities enabled by exogenous technical progress or changing oil prices. The change in augmented GNNP and interest on...[Show more]

CollectionsANU Research Publications
Date published: 2004
Type: Working/Technical Paper


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