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Natural Resource Accounting and Economic Development
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In this work, some of the world's leading scholars in environmental economics explore the theoretical and empirical problems to be solved if policymakers are to develop accounts to capture the sustainability of economic development. The development indicators that have been used since the 1950s and before, GDP and GNP, fail to record the change in the value of a nation's natural or environmental capital. The contributors to this volume consider why this is so, and what is required of genuine sustainability measures. They include both theoretical papers on the identification of sustainability measures in optimizing and non-optimizing economies, and empirical applications of the theory of green accounting to different sectors in developing countries. The extensive introduction surveys the state of the art on natural resource accounting for economic development.
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