2023-09-28 14:46:10 +00:00
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abstract: 'GDP, as a key parameter for macro-economic policy, has long been
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criticized. One of the better known monetary alternatives to GDP is the
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ISEW, a synthetic proxy of sustainable welfare. Theoretical and
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methodological limitations of this indicator have been identified and
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several refinements or extensions proposed, GPI for example. Building on
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these approaches, this article presents a new composite flow-oriented
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indicator directly comparable with GDP. The proposed Sustainable Welfare
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Index (SWI) is calculated for the Italian case over the 1960-2014
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period. The estimate of SWI over an extended period of fifty-four years,
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provides evidence for a previously undetected ``threshold effect{''''} in
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Italy by means of a flow-oriented indicator - unlike GDP, SWI per capita
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stops increasing in 1991. Empirical results show that the level of
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sustainable welfare in Italy stops growing mainly because of a rise in
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income inequality, a decline in non-paid domestic work and a worsening
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of the net fixed capital formation and net international investment
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position.'
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affiliation: 'Armiento, M (Corresponding Author), Sapienza Univ Rome, Fac Econ, Via
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Castro Laurenziano 9, I-00161 Rome, Italy.
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Armiento, Mirko, Sapienza Univ Rome, Fac Econ, Via Castro Laurenziano 9, I-00161
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Rome, Italy.'
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author: Armiento, Mirko
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author-email: mirko.armiento@uniroma1.it
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author_list:
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- family: Armiento
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given: Mirko
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da: '2023-09-28'
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doi: 10.1016/j.ecolecon.2018.06.014
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eissn: 1873-6106
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files: []
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issn: 0921-8009
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journal: ECOLOGICAL ECONOMICS
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keywords-plus: ECONOMIC WELFARE; ISEW; GPI; FOUNDATIONS; INDICATORS; STATE
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language: English
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month: OCT
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number-of-cited-references: '61'
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pages: 296-309
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papis_id: 013b5994c1b7ab7417f066e876bcee0b
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ref: Armiento2018sustainablewelfare
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times-cited: '8'
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title: 'The Sustainable Welfare Index: Towards a Threshold Effect for Italy'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000440118700028
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usage-count-last-180-days: '0'
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usage-count-since-2013: '19'
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volume: '152'
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web-of-science-categories: Ecology; Economics; Environmental Sciences; Environmental
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Studies
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year: '2018'
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