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The aim of this paper is to compare a Social Welfare (SW) indicator for sustainability with the Ecological Footprint (EF) indicator for measuring spatial sustainability. The framework applied follows the line of a core-periphery model of 'New economic geography' as put forward in Grazi, van den Bergh and Rietveld, EnvironResourceEcon, 38(2007) with interregional trade, agglomeration advantages and resource (land) use or environmental externalities. Welfare or sustainability indicators rely on quantitative relations between economic welfare, externalities and the integrity of (global) natural capital.
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