Green national income and expenditure

Robert Cairns

Canadian Journal of Economics, 2002, vol. 35, issue 1, 1-15

Abstract: Distinguishing between national income and expenditure helps to shed light on some issues in green national accounting, including capital gains. Although their total is the same, different types of depreciation should be defined differently in the income and expenditure accounts. For example, there are two ways to define the depletion of non-renewable resources. If depletion is defined as the resource rent, the unit value of the resource stock exceeds the current rent. If resource rent is viewed in terms of the resource's contribution to national income, the stock can be valued at the current rent but depletion is less than resource rent.

JEL-codes: E20 Q30 (search for similar items in EconPapers)
Date: 2002
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