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Incorporating Resilience in the Assessment of Inclusive Wealth: An Example from South East Australia

机译:将弹性纳入包容性财富评估中:澳大利亚东南部的一个例子

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This paper explores the consequences of changes in a system's resilience on the sustainability of resource allocation decisions, as measured by Inclusive Wealth (IW) (Arrow et al. in Environ Resour Econ 26:647-685, 2003). We incorporate an estimate of resilience in IW by taking account of known or suspected thresholds that can lead to irreversible (or practically irreversible) changes in the productivity and value of assets and hence social welfare. These thresholds allow us to identify policies or projects that may be leading to an increased risk of decline in capital stocks (the wealth of the region). Such risks are not reflected through usual measures of current system performance, e.g. agricultural production. , We use the Goulburn-Broken Catchment in south-eastern Australia as a case study to explore the significance and practicality of including resilience in inclusive wealth estimates.
机译:本文探讨了系统弹性变化对资源分配决策的可持续性的影响,这可以通过包容性财富(IW)进行衡量(Arrow等人,在Environ Resour Econ 26:647-685,2003)。我们通过考虑已知或怀疑的阈值将IW的复原力估算值合并进来,这些阈值可能导致资产的生产率和价值发生不可逆转(或实际上不可逆转)的变化,从而导致社会福利的变化。这些阈值使我们能够确定可能导致资本存量(该地区的财富)下降风险增加的政策或项目。此类风险无法通过当前系统性能的常规衡量指标得到反映,例如农业生产。 ,我们以澳大利亚东南部的古尔本-布罗肯汇水区为例,研究了将复原力纳入包容性财富估算中的意义和实用性。

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