Ecological vision to classic macroeconomic indicators. A literature review.

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Published: jul. 20, 2024
DOI: https://doi.org/10.54753/rve.v12i2.2221
Keywords:
Ecological economy, Environmental indicator, Genuine Progress Index, Green GDP, Sustainable development.

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Marcelo Cardenas-Sempertegui
Departamento de Economía Universidad , Universidad del Azuay
Estefanía Cevallos-Rodríguez
Departamento de Economía Universidad , Universidad del Azuay
Luis Tonon-Ordóñez
Departamento de Economía Universidad , Universidad del Azuay

Abstract

Macroeconomic indicators such as Gross Domestic Product and Net National Product focus on production and do not measure the environmental costs associated with development, they don’t take into account compensation costs and externalities generated by economic activities. Through a bibliographic review using the PRISMA method, proposals for new indicators that attempt to correct classic macroeconomic indicators, those were analyzed. Indicators were found such as: Genuine Progress Index, green GDP, Ecological Footprint, Gross National Happiness Index, and Environmentally Adjusted Net National Product. We concluded, the Genuine Progress Index was the indicator that included the most environmental and social variables in its calculation. For scientific disability and extreme data limitations, green alternatives are considered only an estimation.

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Cardenas-Sempertegui, M., Cevallos-Rodríguez, E., & Tonon-Ordóñez, L. (2024). Ecological vision to classic macroeconomic indicators. A literature review. Revista Económica, 12(2), 87–99. https://doi.org/10.54753/rve.v12i2.2221
Issue
Vol. 12 No. 2 (2014): RVE vol 12 (Julio-Diciembre 2024)
Section
RESEARCH ARTICLES
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Author Biographies

Marcelo Cardenas-Sempertegui, Departamento de Economía Universidad , Universidad del Azuay

Economist graduated from the University of Azuay

Luis Tonon-Ordóñez, Departamento de Economía Universidad , Universidad del Azuay

Economist, Master in Business Administration. Research professor and Coordinator of the School of Economics of the University of Azuay. Business Observatory Researcher

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