Measuring the Immeasurable : A Survey of Sustainability Indices


Böhringer, Christoph ; Jochem, Patrick


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URL: http://ub-madoc.bib.uni-mannheim.de/1457
URN: urn:nbn:de:bsz:180-madoc-14575
Document Type: Working paper
Year of publication: 2006
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: Q01 C43 ,
Subject headings (SWD): Nachhaltige Entwicklung , Unterkapitalisierung , Wirtschaftsindikator
Keywords (English): Sustainability Indices , Composite Indicators , Sustainability , Indices
Abstract: Sustainability indices for countries provide a one-dimensional metric to valuate country-specific information on the three dimensions of sustainable development: economic, environmental, and social conditions. At the policy level, they suggest an unambiguous yardstick against which a country’s development can be measured and even a cross-country comparison can be performed. This paper reviews the explanatory power of various sustainability indices applied in policy practice. We show that these indices fail to fulfill fundamental scientific requirements making them rather useless if not misleading with respect to policy advice.
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Böhringer, Christoph ; Jochem, Patrick (2006) Measuring the Immeasurable : A Survey of Sustainability Indices. Open Access [Working paper]
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