National Accounting with Natural and Other Types of Capital

John Hartwick

Environmental & Resource Economics, 2001, vol. 19, issue 4, 329-341

Abstract: We do double-entry national accounting and incorporate zero profit arbitrageconditions (Euler equations) for different types of capital, includingnatural capital. In non-balanced growth, capital gains terms for capitalgoods appear in the income side of the accounts. Depreciation terms appearon the product or expenditure side. We consider renewable natural capital aswell as non-renewable of both durable and non-durable types. Copyright Kluwer Academic Publishers 2001

Keywords: capital; energy accounting; national accounting; natural resources; net national product (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1023/A:1011692113965

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