An index of sustainable economic welfare for Scotland, 1980-1991

Citation

Moffatt I & Wilson M (1994) An index of sustainable economic welfare for Scotland, 1980-1991. International Journal of Sustainable Development and World Ecology, 1 (4), pp. 264-291. https://doi.org/10.1080/13504509409469882

Abstract
This paper presents the methods and results of applying an 'Index of Sustainable Economic Welfare' (ISEW) for Scotland, 1980-1991. Several measures of economic welfare are described and this leads into a description of the ISEW as used in the USA and the UK. The methods and data sources for developing an ISEW for Scotland are then presented. The results indicate a widening gap between the ISEW and the more conventional measures of economic welfare. It is also shown that there is a high level of correlation between the ISEW and some of the contributing variables. Some methodological implications are discussed.

Keywords
economic welfare; sustainability; index; redundancy; sensitivity; Scotland

Journal
International Journal of Sustainable Development and World Ecology: Volume 1, Issue 4