Evaluating Projects and Assessing Sustainable Development in Imperfect Economies

By Kenneth J. Arrow, Partha Dasgupta, K. Mäler. 2003

379 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management, Monitoring, Policy and Law

View Paper: https://www.semanticscholar.org/paper/cda40ec3eb0ea2f390fd29afbee27509d798988a

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Citations in the corpus

Ecological-Economic Viability as a Criterion of Strong Sustainability under Uncertainty (2009, neutral): “…operationalize sustainability under uncertainty about the future, usually conceptualizing sustainability as non-declining expected welfare (Howarth 1995, Tucci 1998a,b, Woodward 2000, Asheim and Brekke 2002, Arrow et al. 2003) and, thus, considering a notion of weak sustainability (Neumayer 2003).”
Natural Capital: From Metaphor to Measurement (2014, methodology): “We build on prior theoretical literature (Heal 1998; Dasgupta and Maler 2000; Arrow et al. 2003) to develop a practical numerical approach for calculating an accounting price for a unit of natural capital that is consistent with Jorgenson’s (1963) theory of capital in private markets.”
National Accounting and the Valuation of Ecosystem Assets and Their Services (2015, background): “…there are some differences in concept compared with the welfare theoretic approach to valuation either in themeasurement of wealth (Dasgupta 2009; Arrow et al. 2003, 2012; World Bank 2011; Barbier 2013); or where the purpose of valuation is assessment of the changing surpluses of specific…”
Monetary accounting of ecosystem services: a test case for Limburg province, the Netherlands. (2015, background): “Examples of accounting frameworks that provide a welfarebased approach are Inclusive and Comprehensive Wealth Accounting (e.g. Arrow et al., 2003; Duraiappah and Muñoz, 2012; Mäler et al., 2008).”
Coupled Human and Natural Systems (2007, background): “Furthermore, the scale of human production and consumption has also grown much faster than the population, especially in rapidly growing countries, such as China and India (76).”
Potential synergies between existing multilateral environmental agreements in the implementation of land use, land-use change and forestry activities (2007, background): “Measures of ''inclusive wealth'' (Arrow et al., 2003) value natural and human capital, as a metric for assessment of sustainability.”
One-sided sustainability tests with amenities, and changes in technology, trade and population (2004, neutral): “[3].”
Sustainable Development and Resilience in Ecosystems (2008, methodology): “It is due to Dasgupta and Mäler (2000) and extended to changes in population size to Arrow et al. (2003).”
Successful adaptation to climate change across scales (2005, background): “Environmental economics research demonstrates, however, that estimates of stated or revealed preferences for non-marketed goods are based on reference points of priced marketed goods which themselves are non-sustainable and distorted (e.g. Common and Perrings, 1992; Arrow et al., 2003).”
The Welfare Economic Theory of Green National Accounts (2008, background): “Below we follow Arrow et al. (2003a) by analyzing the equivalent problem that arises when the idea of sustainable development is extended to cover an interval of time.”
Ethics of the Discount Rate in the Stern Review on the Economics of Climate Change (2007, background): “The Review’s postscript refers to a broader literature on sustainable development and to references in Dasgupta (2001) and Arrow et al. (2003).”
Incorporating Resilience in the Assessment of Inclusive Wealth: An Example from South East Australia (2010, methodology): “Inclusion of resilience in the IW model is discussed, though not resolved, by Arrow et al (2003).”