Navigation Links
'Main Street' economic conditions misread by GDP
Date:2/18/2010

COLLEGE PARK, Md. Traditional gauges of economic activity severely overstate the standard of living as experienced on 'Main Street,' say University of Maryland researchers, who have worked with their state officials to apply a more accurate and greener index.

Maryland recently became the fourth U.S. state to adopt the Genuine Progress Indicator (GPI) as a supplement to the traditional state-level economic index, the Gross State Product (GSP).

"This is not merely a question of dueling statistics the difference in the two figures can be startling and represents very different pictures of our standard of living," says Matthias Ruth, director of the University of Maryland's Center for Integrative Environmental Research (CIER), which calculated the GPI for the state. http://www.cier.umd.edu/mruth.html

"In 2000, the classic economic measure showed Maryland more than 50 percent wealthier than we actually were, as measured by the GPI." Ruth explains.

"The traditional measure is inflated by costs that are counted as if they were benefits, such as the conversion of agricultural lands and coastal areas to strip malls and developments," Ruth adds. "It failed to capture many aspects of life we value from environmental quality to livable communities." http://www.green.maryland.gov/mdgpi/mdgpioverview.asp

To remedy the costs and benefits excluded by the GPS, the GPI formula includes 26 economic, social and environmental factors.

"This tool allows us to account for the environmental and social costs of problems like air pollution, crime and income inequality, as well as the values of benefits like clean water, education and volunteerism," says Maryland Governor Martin O'Malley. http://www.green.maryland.gov/mdgpi/indicators.asp


'/>"/>

Contact: Neil Tickner
ntickner@umd.edu
301-405-4622
University of Maryland
Source:Eurekalert  

Page: 1 2 3

Related biology news :

1. Condition of bluefin tuna in gulf of maine is declining
2. Challenges remain in reintroducing American chestnut
3. UCR plant cell biologist to study how plant stem cells maintain and change their identity
4. Americans remain pessimistic about the environment, Stanford-AP survey finds
5. Human embryonic stem cells remain embryonic because of epigenetic factors
6. Symposium marks 30th anniversary of discovery of third domain of life
7. Gene study supports single main migration across Bering Strait
8. Vega main engine test in Kourou
9. Study: weight-loss tips differ in African-American, mainstream magazines
10. Valuing ocean services in the Gulf of Maine -- New approaches for conflict resolution
11. CITES caviar export quotas remain steady for beluga sturgeon despite threat of extinction
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
'Main Street' economic conditions misread by GDP
(Date:8/27/2014)... DURHAM, N.C. -- When we want to listen carefully ... talking. The second thing we do is stop moving ... unwanted sounds generated by our own movements. , This ... deep in the brain. Indeed, indirect evidence has long ... somehow influences the auditory cortex, which gives rise to ...
(Date:8/27/2014)... Dinosaurs are often depicted as giant, frightening beasts. But ... examination of a rock slab containing fossils of 24 ... of a group of hatchlings overseen by a caretaker, ... researchers. , Penn,s Brandon P. Hedrick and Peter Dodson ... Museum of Natural History, where the specimen is held. ...
(Date:8/27/2014)... long-standing belief that a deficiency in serotonin a ... role in depression. In the journal ACS Chemical ... to make serotonin in their brains (and thus should ... depression-like symptoms. , Donald Kuhn and colleagues at ... State University School of Medicine note that depression poses ...
Breaking Biology News(10 mins):Stop and listen: Study shows how movement affects hearing 2Stop and listen: Study shows how movement affects hearing 3Penn paleontologists describe a possible dinosaur nest and young 'babysitter' 2Penn paleontologists describe a possible dinosaur nest and young 'babysitter' 3New study throws into question long-held belief about depression 2
... Alberta researchers have found a way to replace artificial ... in the lab analyzing strains of mould fermented in ... in the University of Alberta Department of Agricultural, Food ... isolate natural compounds that can help keep bread fresh ...
... subfamily of the large family of rove beetles (Staphylinidae) have ... part of an exploration of the insect fauna of the ... has been collected. The expedition also yielded 11 new records for ... published in the open access, peer reviewed journal Zookeys ...
... kidney or ureteral stones can now read EAU ... Laparoscopy and Urotechnology Section of the Hellenic Urologic ... the Spanish translation is the result of a ... and the Dominican Republic Society of Urology (SDU)., ...
Cached Biology News:4 new species of water-gliding rove beetles discovered in Ningxia, China 2EAU Patient Information now available in Spanish and Greek 2
(Date:8/27/2014)... City, OR (PRWEB) August 27, 2014 ... stands to reason that the next beverage craze is ... Technology announced today that formulators can use Stress Relief ... ingredient used in the making of a beverage, including ... release for stress-generated energy, channeling that power into rapid ...
(Date:8/26/2014)... developed what they believe is the thinnest-possible semiconductor, ... sheets only three atoms thick. , The University ... these single-layer semiconductor materials can be connected in ... This result could be the basis for next-generation ... LEDs, and solar technologies. , "Heterojunctions are fundamental ...
(Date:8/26/2014)... A team of engineers from Singapore has successfully ... (WSN) for satellite communications. , With the weight ... design, constructing a lightweight, low power-consuming, wireless communication ... satellite has always been a challenge for system ... Research Centre of Nanyang Technological University in Singapore ...
(Date:8/26/2014)... , Aug. 26, 2014   Lycera ... of breakthrough oral medicines to treat autoimmune disease ... modulation, today announced the appointment of Harinder ... scientific advisory board.  Dr. Singh will lead the ... advance Lycera,s multiple ongoing research programs and pipeline ...
Breaking Biology Technology:Stress Relief: 1 Way to De-Stress Your Beverage Formula 2Stress Relief: 1 Way to De-Stress Your Beverage Formula 3Stress Relief: 1 Way to De-Stress Your Beverage Formula 4Scientists craft atomically seamless, thinnest-possible semiconductor junctions 2ZigBee in the Sky 2Lycera Appoints Harinder Singh, Ph.D., as Chair of Scientific Advisory Board 2Lycera Appoints Harinder Singh, Ph.D., as Chair of Scientific Advisory Board 3
... will become the first student to graduate from the ... . , ,Watson, a native of Eau Claire, will earn ... bachelors degree in engineering from the University of Minnesota. , ... for engineering course work because I began with experience in ...
... MILWAUKEE - Three large U.S. manufacturing companies announced Wednesday ... Manufacturing Extension Partnership to help U.S.-based suppliers adopt ... Motor Company , Deere & Company and ... the Manufacturing Matters Conference in Milwaukee, attended by 500 ...
... , ,Hartford, Wis. In 1982, Luis Garcia was ... entrepreneurial spirit to create a company to automate the ... Twenty-two years later, he employs 225 people in Hartford, ... company with the addition of a $7 million corporate ...
Cached Biology Technology:Student to graduate in the Dual Degree Physics and Engineering Program 2Manufacturers join Wisconsin partnership to boost U.S. suppliers 2API Software continues expansion 2
... were designed for full-length gene cloning and ... identify the desired cDNA clone. The first ... "Master Plate," where each well contains plasmid ... positive well(s) by gel electrophoresis of the ...
... Panels were designed for full-length gene cloning ... to identify the desired cDNA clone. The ... 96-well "Master Plate," where each well contains ... the positive well(s) by gel electrophoresis of ...
... Library Panels were designed for full-length gene ... PCRs to identify the desired cDNA clone. ... a 96-well "Master Plate," where each well ... identified the positive well(s) by gel electrophoresis ...
... With the macro- and micronutrients ... Skoog (1962) and the vitamins ... al. (1968). Preparation Quantity Equivalency: ... of powder per liter of ...
Biology Products: