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An index of sustainable economic welfare for Poland
Author(s) -
Gil Sebastian,
Sleszynski Jerzy
Publication year - 2003
Publication title -
sustainable development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.115
H-Index - 64
eISSN - 1099-1719
pISSN - 0968-0802
DOI - 10.1002/sd.203
Subject(s) - index (typography) , welfare , economics , falling (accident) , sustainable development , value (mathematics) , inequality , sustainability , welfare economics , natural resource economics , political science , mathematics , market economy , statistics , ecology , medicine , mathematical analysis , environmental health , world wide web , computer science , law , biology
The index of sustainable economic welfare (ISEW) developed by HE Daly and JB Cobb Jr is an attempt to create a measure of sustainable development. In this paper, we have computed the ISEW for Poland for the years 1980–97. It turns out that after some fluctuations in 1980–85, a decline of the index in 1986–90 is observed. The ISEW reached its lowest values in 1989–90. Up to 1995, we can observe a growth dynamic at the beginning and falling in succeeding years, which eventually shows a tendency back downward that started in 1996. It seems that the recent decrease in ISEW can be attributed to categories such as long‐term environmental damage, ozone layer depletion, losses caused by commuting and road accidents. Moreover, growing welfare inequalities penalize the value of ISEW in recent years much more significantly than before. Copyright © 2003 John Wiley & Sons, Ltd. and ERP Environment