Measuring Prosperity: Maryland's Genuine Progress Indicator

dc.contributor.authorMcGuire, Sean
dc.contributor.authorPosner, Stephen
dc.contributor.authorHaake, Hans
dc.coverage.countryUnited Statesen_US
dc.coverage.regionNorth Americaen_US
dc.date.accessioned2012-06-20T12:12:03Z
dc.date.available2012-06-20T12:12:03Z
dc.date.issued2012en_US
dc.description.abstract"Though never designed to do so, the worlds main economic indicator, Gross Domestic Product (GDP), has become our way of measuring well-being, even though it ignores many negative impacts from economic activities. Further, elected officials feel pressure from consumer-voters to enact policies based on traditional economic objectives. The Genuine Progress Indicator (GPI) is an alternative, more comprehensive gauge that values critical elements of our social and environmental conditions. While most GPI studies are on a national scale, Maryland calculated and updates its own GPI. The Maryland GPI and its many online resources counter the perceived link between economic growth and social well-being by educating the public on Marylands conditions and spurring debate on what true prosperity means for the state. The GPI also empowers state analysts and officials with various policy and budget evaluation tools and supports parallel efforts in ecosystem services and valuation. The process of how Maryland developed its GPI may provide guidance and support for other subnational governments in utilizing similar efforts in pursuit of a more restorative economy."en_US
dc.identifier.citationjournalSolutionsen_US
dc.identifier.citationmonthAprilen_US
dc.identifier.citationnumber2en_US
dc.identifier.citationpages50-58en_US
dc.identifier.citationvolume3en_US
dc.identifier.urihttps://hdl.handle.net/10535/7999
dc.languageEnglishen_US
dc.subjecteconomic behavioren_US
dc.subjectsocial capitalen_US
dc.subject.sectorSocial Organizationen_US
dc.titleMeasuring Prosperity: Maryland's Genuine Progress Indicatoren_US
dc.typeJournal Articleen_US
dc.type.methodologyCommentoryen_US
dc.type.publishedpublisheden_US

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