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Comparing Victoria's genuine progress with that of the Rest-of-Australia

Lawn, Philip and Clarke, Matthew 2006, Comparing Victoria's genuine progress with that of the Rest-of-Australia, Journal of economic & social policy, vol. 10, no. 2, Winter, pp. 115-138.

Document type: Journal Article
Collections: School of International and Political Studies
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Title Comparing Victoria's genuine progress with that of the Rest-of-Australia
Author(s) Lawn, Philip
Clarke, Matthew
Journal name Journal of economic & social policy
Volume number 10
Issue number 2
Season Winter
Start page 115
End page 138
Publisher Southern Cross University, Centre for Policy Research and the Faculty of Business and Computing
Place of publication Canberra, A.C.T.
Publication date 2006
ISSN 1325-2224
Keyword(s) Australia
Victoria
sustainable well-being
Summary While a range of exogenous and endogenous factors affect the standard of  living of most Australians in a more-or-less uniform way, the different social and economic-policies of each state government are likely to affect the levels of sustainable well-being experienced across the various states. With this in mind, a Genuine Progress Indicator (GPI) - a newly devised measure of sustainable well-being - is calculated for Victoria and the Rest- of- Australia (Australia minus Victoria) for the period 1986-2003. The GPI takes account of the various costs and benefits of economic activity in order to investigate the impact of a growing state or national economy on sustainable well-being.
By analysing the GPI results and the policies undertaken by the Victorian government, it is possible to determine what the state of Victoria is doing differently to the Rest-of-Australia that might be beneficial or detrimental to sustainable well-being. While our study reveals that Victoria is performing better than the Rest-of-Australia, it also highlights flaws in the policy-making process that have resulted in Victoria's Gross State Product (GSP) overstating its genuine progress.
Language eng
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2006, Southern Cross University, Centre for Policy Research
Persistent URL http://hdl.handle.net/10536/DRO/DU:30009426
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