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Sustainability 2015, 7(4), 4146-4182; doi:10.3390/su7044146

Genuine Savings as an Indicator for “Weak” Sustainability: Critical Survey and Possible Ways forward in Practical Measuring

Institute for Food and Resource Economics, University of Bonn, Nußallee 21, 53115 Bonn, Germany
Academic Editor: Marc A. Rosen
Received: 16 November 2014 / Revised: 18 February 2015 / Accepted: 1 April 2015 / Published: 10 April 2015
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Abstract

Published by the World Bank (as “Adjusted Net Savings”) for around 160 countries, Genuine Savings (GS) presents the most respected but also the most debated indicator for “weak” sustainability. It originates from the so-called “Hartwick rule” for the re-investment of rents from the depletion of natural in reproducible forms of capital. Coming from the theoretical reasoning behind GS, this paper discusses possible extensions either not yet discussed or underrepresented in current research. Mainly, I suggest a discussion of additional items that could be included in GS and show that both the global average and individual country levels of GS would change immensely by including these recommendations. View Full-Text
Keywords: genuine savings; adjusted net savings; sustainable development; weak sustainability; substitution; physical capital; human capital; natural capital genuine savings; adjusted net savings; sustainable development; weak sustainability; substitution; physical capital; human capital; natural capital
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Boos, A. Genuine Savings as an Indicator for “Weak” Sustainability: Critical Survey and Possible Ways forward in Practical Measuring. Sustainability 2015, 7, 4146-4182.

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