Measuring Genuine Progress in State and Local Economies

1. Measuring Genuine Progress inState and Local Economies Jon Erickson Rubenstein School of Environment and Natural Resources, and the Environmental Program University of Vermont

2. Gross Domestic Product e i r e t s , n t s r e n t s , , e p r o g f i t a s ( W 1 ) F actor services Goods Household Fir ms (production g n i d n e p S t n Go v er nment e m T n a r e v x ( 2 o e s ) G ( 2 ) S ) a 3 v ( i n t n g e s m t ( s e 3 ) v n I Financial mar k ets I P e ) r 4 m s o ( n n a l c o n s t i o u m p p o r t s ( ) 5 5 ) ( s t r o p x E Other countr ies The total value of all final goods and services produced in an economy in a one-year period.

3. Source: J.R. McNeil, Something New Under the Sun, Table 1.1.

4. Source: J.R. McNeil, Something New Under the Sun, Table 1.3.

5. Source: J.R. McNeil, Something New Under the Sun, Table 1.2.

6. U.S. Real Gross Domestic Product, 1920–1998 Source: U.S. Department of Commerce, Historical Statistics of the United States, 1976; and Economic Report of the President, 1998, 1999.

7. Does GDP = Welfare?

8. The gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage; neither our wisdom nor our learning; neither our compassion nor our devotion to our country; it measures everything in short, except that which makes life worthwhile. ~Robert F. Kennedy, 1968

9. Another Measure of the 20th Century Source: J.R. McNeil, Something New Under the Sun, Table 12.1.

11. Source: Edward Wolff, Top Heavy, 1996, New Series Households date pp. 78-79 (1992-1989), “Recent Trends in Wealth Ownership”, 1998 (1992-1997). CF Economic Apartheid in America, Collins and Yeskel, 2000, P. 56.

12. Source: Economic Apartheid in America, Collins, Yeskel, p. 42, 44.

13. Source: Economic Apartheid in America, Collins, Yeskel, p. 42, 44.

14. Is there a better measureof genuine economic progress?

16. ISEW (or GPI) by Column: A: Personal Consumption B: Income Distribution C: PC adj. for Income Distr. D: Value of Household Labor E: Value of Volunteer Work F: Services of Household Capital G: Services of Highways and Streets H: Cost of Crime I: Cost of Family Breakdown J: Loss of Leisure Time K: Cost of Underemployment L: Cost of Consumer Durables M: Cost of Commuting N: Cost of Household Pollution Abatement O: Cost of Automobile Accidents P: Cost of Water Pollution Q: Cost of Air Pollution R: Cost of Noise Pollution S: Loss of Wetlands T: Loss of Farmland U: Depletion of Nonrenewable Resources V: Long-Term Environmental Damage W: Cost of Ozone Depletion X: Loss of Forest Cover Y: Net Capital Investment Z: Net Foreign Lending and Borrowing

17. GPI Functional Groups and Authors for this study

18. Summary Results for Four Spatial Scales Detail

19. Detailed Reports are available at: The detailed, column by column report: www.uvm.edu/~jdericks/GPI/GPIdetails.doc The master spreadsheet: www.uvm.edu/~jdericks/GPI/GPIspreadsheet.xls Thanks to: Burlington Legacy Project Champlain Initiative Dozens of local and state contacts

20. An Ecological Economics Capital Stock Approach to Quality of Life Assessment in Burlington, Vermont, USA Joseph Kelly and Jon D. Erickson Rubenstein School of Environment and Natural Resources University of Vermont and the Fall 2003 Introduction to Ecological Economics class: C. Andrews, J. Antonucci, S. Augeri, E. Berliet, M. Birkby, W. Brennan, E. Brown, M. Brundige, M. Buechler, M. Cohen, C. Coleman, C. Coogan, A. Cooper, K. Costello, M. Crane, A. D'Aversa, A. Davis, J. DeCelles, A. Delgado, M. DiBiccari, H. Dudley, J. Dye, A. Effler, M. Egbers, P. Freeman, M. Gilmartin, E. Graves, M. Hall, C. Hancock, E. Harrison, E. Hartz, K. Hayes, C. Herold-Lind, R. Holthaus, D. Hubbard, H. Johansson, L. Junger, B. Kelly, A. Kirschner, A. Klein, M. Martin, I. Marvin, C. McCreight, B. O'Donoghue, M. Palmer, B. Parke, A. Pearlstein, J. Randall, C. Reeves, D. Rosa, C. Smith, J. Smith, R. Sterling, C. Sullivan, T. Van Etten, T., A. Verinis, P. Virchick, A. Voinov, J. Waters Photo: Anton Voinov

21. 1 – New North End 2 – Old North End 3 – Downtown 4 – Collegetown 5 – Northeast 6 – The Hill 7 – Pine Street 8 – South End Eight Neighborhoods

22. Survey Questions • Neighborhood Identity • Built Capital • Natural Capital • Human Capital • Social Capital • Total Quality of Life • Demographics Photo: Anton Voinov Detail

23. Built Capital How important are the things you own or rent (for example, your home, car, furniture, clothes, etc.) to your happiness and quality of life? Photo: Anton Voinov

25. Natural Capital How important is the quality of the natural environment in which you live (for example, air, water, open space, cleanliness) to your happiness and quality of life?

27. Human Capital How important are investments made in yourself (for example, education, job skills, health, spirituality) to your happiness and quality of life? Photo: Anton Voinov

29. Social Capital How important are relationships with your family and friends to your happiness and quality of life? How important are interactions with people in your neighborhood to your happiness and quality of life?

32. Total Quality of Life How would you rate your overall quality of life (on a scale from 1 [very high] to 5 [very low])? Please distribute 100 points across the following four categories according to their importance to your overall quality of life. Personal and public investments in your home, lifestyle, and neighborhood Investments and access to the natural environment in or near your neighborhood Your personal well-being and investments made in yourself Your relationship with your family, friends, and community Photo: Anton Voinov

35. Are you happy with your current family or personal yearly income? Percent “Yes” for Burlington = 66%

36. If not, how much more income per year would you need to be satisfied?

37. Student Effect? Testing the Income Effect

38. Testing the Income Effect Without Students 21% of respondents

40. Neighborhood Analysis

41. Burlington v. EcoVillages

42. Evolving analysis and results posted at: www.uvm.edu/~jdericks/QOL/ Photo: Anton Voinov