Green NNP: Economics of Natural Resource Accounting
Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038, 2014, vol. 1, issue 5, pages 214-220
Conventional Income accounting frameworks reflect production and consumption processes involving market (either actual or imputed), thereby failing to account for non-market activities. Such a neglect, often occasioned by non-availability of empirical data or difficulty in procuring such data, renders Net National Product as ineffectual for inter-temporal and inter-geographical welfare comparisons. Similarly, if income and product accounts re not adjusted to accomodate changes in natural resources and environmental impact due to production and consumption activities in NNP, they may represent an over-estimated or under-estimated NNP valuation. In this context, this paper argues in favor of greening of NNP and effectual accounting means to realise this idealism.
Keywords: Green G.N.P.; G.D.P.; Income Accounting; Natural Resource Accounting; SEEA; defensive expenditure; travel cost; contingent valuation (search for similar items in EconPapers)
JEL-codes: E01 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:sdc:journl:v:1:y:2014:i:5:p:214-220
Access Statistics for this article
Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038 is currently edited by Dr. Siba Sankar Mohanty
More articles in Journal of Studies in Dynamics and Change (JSDC), ISSN: 2348-7038 from JSDC Lokkatha Debate on Development
Series data maintained by Sitesh Saran Nayak ().