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

Anil Markandya; Pamela Mason; Marialuisa Tamborra

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

Anil Markandya
, Pamela Mason
, Marialuisa Tamborra

Department of Economics

Research output: Working paper / Preprint › Discussion 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 language	English
Publication status	Published - 2000

Bibliographical note

ID number: 94.00

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 8 Decent Work and Economic Growth

Keywords

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

Cite this

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AU - Tamborra, Marialuisa

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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 -

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

Abstract

Bibliographical note

UN SDGs

Keywords

Fingerprint

Cite this