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

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journal contribution
posted on 2006-01-01, 00:00 authored by P Lawn, Matthew ClarkeMatthew Clarke
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.

History

Journal

Journal of economic & social policy

Volume

10

Season

Winter

Pagination

115 - 138

Location

Canberra, A.C.T.

Open access

  • Yes

ISSN

1325-2224

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2006, Southern Cross University, Centre for Policy Research

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