Green National Accounting: Synthesising and Extending the Welfare Based and Sustainability-Standard Based Approaches

Anil Markandya, Pamela Mason, Marialuisa Tamborra

Research output: Working paperDiscussion paper

Abstract

This paper examines the theoretical foundations of Green National Accounting, noting that their assumptions have led to green national income measuring welfare-based income, which is not necessarily equal to sustainable income. We review two major approaches to estimating green accounting: the welfare-based GARP approach provides the values of environmental damage to estimate the net welfare generated by economic activity and the GREENSTAMP approach calculates the economic output compatible with achieving environmental sustainability.
Original languageEnglish
Publication statusPublished - 2000

Keywords

  • Measurement of Economic Growth
  • Renewable Resources and Conservation
  • Aggregate Productivity
  • Nonrenewable Resources and Conservation
  • Cross-Country Output Convergence

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