TY - UNPB
T1 - Green National Accounting: Synthesising and Extending the Welfare Based and Sustainability-Standard Based Approaches
AU - Markandya, Anil
AU - Mason, Pamela
AU - Tamborra, Marialuisa
N1 - ID number: 94.00
PY - 2000
Y1 - 2000
N2 - 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.
AB - 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.
KW - Measurement of Economic Growth
KW - Renewable Resources and Conservation
KW - Aggregate Productivity
KW - Nonrenewable Resources and Conservation
KW - Cross-Country Output Convergence
M3 - Discussion paper
BT - Green National Accounting: Synthesising and Extending the Welfare Based and Sustainability-Standard Based Approaches
ER -
