Is China’s Growth Sustainable?

James Roumasset, Kimberly Burnett () and Hua Wang

No 200723, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: A central pillar of the sustainability movement is the call to include environmental accounting in standard measures of economic performance. This increased transparency would, in principle, mitigate the temptation of economic managers and policy makers to increase growth in material consumption at the expense of the environment. Moreover, as Repetto (1989) and others have argued, deducting depreciation of produced capital from NNP but not deducting depreciation of natural capital is inconsistent and debases NNP as a possible indicator of welfare. Based on the evidence available, it appears that while GNNP is substantially less than NNP, these adjustments do not adversely compromise existing estimates of economic growth for China.

Keywords: sustainable development; China; genuine saving; SOx; NOx; TSP; resource depletion; natural capital; Environmental Kuznets Curve; green net national product (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Pages: 76 pages
Date: 2007-09-23
New Economics Papers: this item is included in nep-cna, nep-dev, nep-ene and nep-env
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