The biocapacity adjusted economic growth. Developing a new indicator

The environment may constrain economic growth potential. In other words, economic growth cannot be pursued in spite of ecological limits any longer. Here we present an economic growth indicator adjusted by taking into account the current tendency of national economies to overcome the availability of...

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Autores principales:	Giampaolo Gabbi, Massimo Matthias, Nicoletta Patrizi, Federico M. Pulselli, Simone Bastianoni
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Ecological Footprint Output Gap Risk Sustainability OECD Ecology QH540-549.5
Acceso en línea:	https://doaj.org/article/94a868d84bba4d9abd50dc22f5d70335
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id	oai:doaj.org-article:94a868d84bba4d9abd50dc22f5d70335
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spelling	oai:doaj.org-article:94a868d84bba4d9abd50dc22f5d703352021-12-01T04:42:27ZThe biocapacity adjusted economic growth. Developing a new indicator1470-160X10.1016/j.ecolind.2020.107318https://doaj.org/article/94a868d84bba4d9abd50dc22f5d703352021-03-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S1470160X20312607https://doaj.org/toc/1470-160XThe environment may constrain economic growth potential. In other words, economic growth cannot be pursued in spite of ecological limits any longer. Here we present an economic growth indicator adjusted by taking into account the current tendency of national economies to overcome the availability of natural resources and ecological dynamics. We combine two indicators: 1) the Output Gap, a measure of production capacity of the economy based on the difference between actual and potential GDP, as a per cent of potential GDP; 2) the difference between the Ecological Footprint and the Biocapacity of a country, systemic indicators representing the extent to which a country operates within or beyond ecological limits. That combination gives rise to the Biocapacity Adjusted Economic Growth indicator which enables a categorization of countries based on assessment of growth patterns in line or not with sustainability principles.Giampaolo GabbiMassimo MatthiasNicoletta PatriziFederico M. PulselliSimone BastianoniElsevierarticleEcological FootprintOutput GapRiskSustainabilityOECDEcologyQH540-549.5ENEcological Indicators, Vol 122, Iss , Pp 107318- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Ecological Footprint Output Gap Risk Sustainability OECD Ecology QH540-549.5
spellingShingle	Ecological Footprint Output Gap Risk Sustainability OECD Ecology QH540-549.5 Giampaolo Gabbi Massimo Matthias Nicoletta Patrizi Federico M. Pulselli Simone Bastianoni The biocapacity adjusted economic growth. Developing a new indicator
description	The environment may constrain economic growth potential. In other words, economic growth cannot be pursued in spite of ecological limits any longer. Here we present an economic growth indicator adjusted by taking into account the current tendency of national economies to overcome the availability of natural resources and ecological dynamics. We combine two indicators: 1) the Output Gap, a measure of production capacity of the economy based on the difference between actual and potential GDP, as a per cent of potential GDP; 2) the difference between the Ecological Footprint and the Biocapacity of a country, systemic indicators representing the extent to which a country operates within or beyond ecological limits. That combination gives rise to the Biocapacity Adjusted Economic Growth indicator which enables a categorization of countries based on assessment of growth patterns in line or not with sustainability principles.
format	article
author	Giampaolo Gabbi Massimo Matthias Nicoletta Patrizi Federico M. Pulselli Simone Bastianoni
author_facet	Giampaolo Gabbi Massimo Matthias Nicoletta Patrizi Federico M. Pulselli Simone Bastianoni
author_sort	Giampaolo Gabbi
title	The biocapacity adjusted economic growth. Developing a new indicator
title_short	The biocapacity adjusted economic growth. Developing a new indicator
title_full	The biocapacity adjusted economic growth. Developing a new indicator
title_fullStr	The biocapacity adjusted economic growth. Developing a new indicator
title_full_unstemmed	The biocapacity adjusted economic growth. Developing a new indicator
title_sort	biocapacity adjusted economic growth. developing a new indicator
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/94a868d84bba4d9abd50dc22f5d70335
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The biocapacity adjusted economic growth. Developing a new indicator

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