Incorporating Resilience in the Assessment of Inclusive Wealth: An Example from South East Australia
作者： Brian Walker , Leonie Pearson , Michael Harris , Karl-Göran Maler , Chuan-Zhong Li
DOI: 10.1007/S10640-009-9311-7
关键词: Economics 、 Social Welfare 、 Capital (economics) 、 Sustainability 、 Psychological resilience 、 Microeconomics 、 Productivity 、 Agricultural productivity 、 Shadow price 、 National wealth 、 Natural resource economics
摘要: This paper explores the consequences of changes in a system’s resilience on sustainability resource allocation decisions, as measured by Inclusive Wealth (IW) (Arrow et al. Environ Resour Econ 26:647–685, 2003). We incorporate an estimate IW taking account known or suspected thresholds that can lead to irreversible (or practically irreversible) productivity and value assets hence social welfare. These allow us identify policies projects may be leading increased risk decline capital stocks (the wealth region). Such risks are not reflected through usual measures current system performance, e.g. agricultural production. use Goulburn-Broken Catchment south-eastern Australia case study explore significance practicality including inclusive estimates.
springer.com
kva.se 参考文章(31)
Gro Harlem Brundtland, Our common future Earth and Us#R##N#Population–Resources–Environment–Development. pp. 29- 31 ,(1987) , 10.1016/B978-0-7506-1049-0.50009-5
Brian Walker, Jacqueline A. Meyers, Thresholds in Ecological and Social–Ecological Systems: a Developing Database Ecology and Society. ,vol. 9, pp. 3- ,(2004) , 10.5751/ES-00664-090203
The Economics of Non-Convex Ecosystems: Kluwer Academic. ,(2004) , 10.1007/1-4020-2515-7
Charles Perrings, David I. Stern, Modelling loss of resilience in agroecosystems: rangelands in Botswana Environmental and Resource Economics. ,vol. 16, pp. 185- 210 ,(2000) , 10.1023/A:1008374222463
Margery Joan Greene Milne, Lorus Johnson Milne, The balance of nature ,(1961)
Charles Perrings, Resilience in the Dynamics of Economy-Environment Systems Environmental and Resource Economics. ,vol. 11, pp. 503- 520 ,(1998) , 10.1023/A:1008255614276
Karl-Göran Mäler, Chuan-Zhong Li, Gia Destouni, Pricing Resilience in a Dynamic Economy-Environment System: A Capital-Theoretical Approach The Swedish Royal Academy of Sciences. ,(2007)
C. Henry, Investment decision under uncertainty, The irreversibility effect The American Economic Review. ,vol. 64, pp. 1006- 1012 ,(1974)
Emmanuel Adilson S. Serrão, Daniel Nepstad, Robert Walker, Upland agricultural and forestry development in the Amazon: sustainability, criticality and resilience Ecological Economics. ,vol. 18, pp. 3- 13 ,(1996) , 10.1016/0921-8009(95)00092-5
Kenneth Arrow, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, Paul Ehrlich, Geoffrey Heal, Simon Levin, Karl-Göran Mäler, Stephen Schneider, David Starrett, Brian Walker, Are We Consuming Too Much Journal of Economic Perspectives. ,vol. 18, pp. 147- 172 ,(2004) , 10.1257/0895330042162377