Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24527 
Year of Publication: 
2006
Series/Report no.: 
ZEW Discussion Papers No. 06-073
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
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.
Subjects: 
Sustainability Indices
Composite Indicators
Sustainability
Indices
JEL: 
Q01
C43
Document Type: 
Working Paper

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