Accounting and Measuring Well-being

M N Murty

A chapter in Accounting from a Cross-Cultural Perspective from IntechOpen

Abstract: The recent literature on the measurement of sustainable income has developed in two important ways for accounting of contribution of natural resource stocks. One set of studies directly addresses the problem of measuring genuine savings or extended wealth formation including changes in human resource capital and natural capital. The second set of studies uses the extended conventional national income accounting methods for accounting of changes in natural resource stocks and environmental extensions of input-output tables. This chapter describes the methodology of measuring genuine savings for a country and reviews the estimates available for different countries. It also suggests a way forward for measuring genuine saving for India.

Keywords: genuine savings; wealth; welfare; sustainable development; natural capital; human skill capital (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:140161

DOI: 10.5772/intechopen.77066

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