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:7/24/2014)... NEW YORK, NY (July 24, 2014) Scientists ... Research Institute are one step closer to creating ... from a patient,s own cells. , For ... stem (iPS) cells lines from skin samples of ... they developed an accelerated protocol to induce these ...
(Date:7/24/2014)... numbers have decreased by 45% on average over a ... reports a study on the impact of humans on ... enormous benefits invertebrates such as insects, spiders, crustaceans, slugs ... and pest control for crops, decomposition for nutrient cycling, ... in Science and led by UCL, Stanford ...
(Date:7/24/2014)... A new study has identified two factors that ... increase the production of highly qualified physics teachers. ... to champion physics teacher education in combination with ... initiatives remain viable. Science, Technology, Engineering and Math ... and the study points the way for institutions ...
Breaking Biology News(10 mins):NYSCF scientists 1 step closer to cell therapy for multiple sclerosis patients 2Invertebrate numbers nearly halve as human population doubles 2Invertebrate numbers nearly halve as human population doubles 3Creating sustainable STEM teacher preparation programs 2
... NeuralIQ, a developer of,cyber intelligence tools for information ... team, headed by the appointment of,Donnie Blanks as ... President of Sales and strategy for Perot,Systems, government ... the,company continues to advance its industry presence and ...
... Pa. -- A little known fungus tucked away in ... munch through the hardest of woods according to a ... could lead to innovative methods of controlling the invasive ... down plant biomass for generating biofuels. Microbes in ...
... Atlantic Ocean shows that hot, dry air associated with ... contributor to the quieter-than-expected 2007 hurricane season. Factors ... in a season, including El Nio, sea surface temperatures, ... [identify what agency made these forecasts; otherwise it might ...
Cached Biology News:NeuralIQ Expands Global Leadership Team, Names Donnie Blanks CEO 2NeuralIQ Expands Global Leadership Team, Names Donnie Blanks CEO 3Novel fungus helps beetles to digest hard wood 2Novel fungus helps beetles to digest hard wood 32007 hurricane forecasts took blow from winds and Saharan dry, dusty air 22007 hurricane forecasts took blow from winds and Saharan dry, dusty air 3
(Date:7/25/2014)... bacteria live in each person,s digestive tract. Scientists believe ... stave off harmful infections, but their role in human ... light on the role of these bacteria, a team ... recently tracked fluctuations in the bacterial populations of two ... in the July 25 issue of the journal ...
(Date:7/25/2014)... 25, 2014 Research and Markets ... Metabolomics Market 2014-2018" report to their offering. ... Metabolomics or Metabonomics is the scientific study ... a new experimental technique that is being widely ... Metabolites are small molecules that are present in ...
(Date:7/25/2014)... July 25, 2014 WABC Radio show out ... with Lorry Young will be hosting California-based Vet-Stem, Inc.’s ... stem cell therapy in pets. Dr. Harman first visited ... stem cell therapy for pets suffering from osteoarthritis and other ... Veterinary Medicine industry forward. , Young has invited Dr. Harman ...
(Date:7/25/2014)... 25, 2014 Lawrence Livermore scientists Charles ... Reuters list of " The World's Most Influential Scientific ... the 3,000 researchers who were identified by analyzing citation ... who published the highest-impact work (2002-2012 and 2012-2013). The ... combustion modeling . , "This recognition is a ...
Breaking Biology Technology:Monitoring the rise and fall of the microbiome 2Monitoring the rise and fall of the microbiome 3Global Metabolomics Market 2014-2018: Key Vendors are Agilent, Bio-Rad, Bruker, Human Metabolome and Metabolon 2Robert J. Harman, DVM, Founder and CEO of Vet-Stem, Inc. to Join New York Radio Host Lorry Young in Upcoming Episode of A “Paws” For Your Pet 2Robert J. Harman, DVM, Founder and CEO of Vet-Stem, Inc. to Join New York Radio Host Lorry Young in Upcoming Episode of A “Paws” For Your Pet 3Scientists Burst onto Influential List for Combustion Research 2Scientists Burst onto Influential List for Combustion Research 3Scientists Burst onto Influential List for Combustion Research 4
... Project supported by Department of Defense program , ... laser manufacturer, recently demonstrated 65 percent total power conversion ... conference in Albuquerque, N.M. This step toward the eventual ... Defense Advanced Research Projects Agency s Super ...
... was the word of the day last Thursday at ... of business representatives from across Wisconsin told the tales ... With a broad spectrum of industries represented, ranging from ... of how radio frequency identification technology could be tailored ...
... to be over. , ,You dont believe me, you say? Well, ... chorus of Happy Days Are Here Again before I remind you ... evidence proclaims that Wisconsins economy is back. Consider the following: , ... down from 5.1 percent in April. Statistics collected by the state ...
Cached Biology Technology:Alfalight increases laser efficiency for DOD program 2Upgrading your business with RFID 2Upgrading your business with RFID 3The economy has come roaring back or is that roar just a purr? 2The economy has come roaring back or is that roar just a purr? 3
BAI-1 (T-20)...
Contained in EZ-Tn5™ Kits and are available separately for sequencing of an insertion site....
... Immunogen: Synthetic peptide derived from the ... rat ZO-1. Specificity: Specific for the ... Reactivity: Human Dog Rat Mouse (positive ... frozen mouse liver heart blood vessel and ...
Human Carnosine Dipeptidase 1 Affinity Purified PAb...
Biology Products: