Anomalies in green national accounting

Geir Asheim and John Hartwick

Ecological Economics, 2011, vol. 70, issue 12, 2303-2307

Abstract: We “extend” standard arguments for greening the product side of the national accounts to the income side of the accounts and turn up an anomaly. For an economy with oil use, no entry for oil income, a supposed primary factor, appears in the income side of the national accounts when the depletion of natural capital is accounted for on the product side of the accounts. We resolve this issue by applying an income definition developed in the theory of national accounting. This, however, leads to another anomaly on the income side of the national accounts.

Keywords: Accounting for use of natural capital; National accounting and income from capital (search for similar items in EconPapers)
JEL-codes: E01 Q56 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:70:y:2011:i:12:p:2303-2307

DOI: 10.1016/j.ecolecon.2011.06.020

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