Challenges of the Crisis: How to Measure Sustainable Development?

Author:

Bobylev S.1,Zubarevich N.1,Solovyeva S.1

Affiliation:

1. Lomonosov Moscow State University (Moscow, Russia)

Abstract

The article emphasizes the fact that traditional socio-economic indicators do not reflect the challenges of sustainable development adequately, and this is particularly true for the widely-used GDP indicator. In this connection the elaboration of sustainable development indicators is needed, taking into account economic, social and environmental factors. For Russia, adaptation and use of concepts and basic principles of calculation methods for adjusted net savings index (World Bank) and human development index (UNDP) as integral indicators can be promising. The authors have developed the sustainable development index for Russia, which aggregates and allows taking into account balanced economic, social and environmental indicators.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference13 articles.

1. Bobylev S.  N., Minakov V.  S., Solovyeva S.  V., Tretyakov V.  V. (2012). The Environmental Economic Index of Russian Regions. Methods and Indicators. Moscow: WWF Russia and RIA Novosti. (In Russian).

2. Bobylev S.  N. (ed.) (2010). The 2010 National Human Development Report (NHDR) for the Russia Federation. Millennium Development Goals in Russia: Looking into the Future. Moscow: UNDP. (In Russian).

3. Flerbe M. (2012a). Beyond GDP: In Search of Social Welfare Measures. Part I. Voprosy Ekonomiki, No. 2, pp. 67—93. (In Russian).

4. Flerbe M. (2012b). Beyond GDP: In Search of Social Welfare Measures. Part II. Voprosy Ekonomiki, No. 3, pp. 32—51. (In Russian).

5. Hamilton K. (2000). Genuine Savings as a Sustainable Indicator. Washington, DC: World Bank.

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