Sustainable National Income and Multiple Indicators for Sustainable Development
Developing indicators for sustainable development is discussed in the context of a view on sustainability based on experiences with environmental economic modelling. This view coincides with an explanation of a specific indicator, sustainable national income (SNI). The goal of publishing the SNI is to put into perspective the significance of gross national product (GNP) in political opinion‐forming and policy‐making. We summarise the place of both indicators in economic theory. To this end, sustainability is defined as non‐declining welfare. This is almost equivalent to a non‐declining volume of national income, or non‐declining availability of environmental functions (possibilities to use our physical surroundings). The relevant environmental economic aspects of sustainability ...
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Document Type: Review Article
Publication date: 2004-07-01