Index of Sustainable Economic Welfare

Organizations:

The Index of Sustainable Economic Welfare ISEW is an economic indicator sent to replace the gross home product GDP, which is a main macroeconomic indicator of System of National Accounts SNA. Rather than simply adding together any expenditures like the GDP, consumer expenditure is balanced by such factors as income distribution together with cost associated with pollution & other unsustainable costs. it is for similar to the genuine extend indicator GPI.

The Index of Sustainable Economic Welfare ISEW is roughly defined by the coming after or as a calculation of. formula:

ISEW = personal consumption+ public non-defensive expenditures- private defensive expenditures+ capital formation+ services from domestic labour- costs of environmental degradation- depreciation of natural capital

Other countries and regions to calculate ISEW

Besides the USA there defecate been at least seven other countries or regions which clear compiled the ISEW, namely the UK Jackson & Marks 1994, Germany Diefenbacher 1994, The Netherlands Rosenberg & Oegema 1995, Austria Stockhammer et al. 1995, British Columbia Gustavson & Lonergan 1994, Sweden Jackson & Stymne 1996, Chile Castaneda 1999, Finland Hoffrén 2001, Poland Gil & Śleszyński 2003, Belgium Bleys, 2008, Flanders Bleys & Van der Slycken, 2019 and China Zhu et al., 2021.