National Income and the Environment

Geoffrey Heal and Bengt Kriström ()

Working Papers from Columbia - Graduate School of Business

Abstract: There is a widespread recognition that we need to revise our methods of measuring national income to incorporate better the impact of economic activity on environmental assets. Our aim here is to investigate alternative concepts of national income in a dynamic economy, one a generalization of Hicksian income and the other a generalization of the welfare economics concept of income as the value of output at equilibirum prices.

Keywords: ENVIRONMENT; SOCIAL WELFARE; NATIONAL INCOME (search for similar items in EconPapers)
JEL-codes: E23 Q20 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1998
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Citations: View citations in EconPapers (1)

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Chapter: National income and the environment (2005)
Working Paper: National Income and the Environment (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:colubu:98-01

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