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.
|Publication status||Published - 2000|
- Measurement of Economic Growth
- Renewable Resources and Conservation
- Aggregate Productivity
- Nonrenewable Resources and Conservation
- Cross-Country Output Convergence