The Welfare Economic Theory of Green National Accounts

摘要: This paper takes a critical look at the literature on green national accounts. The problem studied is to find linear index of economic variables that responds perturbations in same direction as social well-being. thesis large literature, net product (which flow) closed economies, shown some interpretations be simply false and others suffer from deep estimation problems. It argued capital depreciation using shadow prices should certainly included accounts, but right welfare comprehensive measure wealth, defined value an economy's stock all assets. wealth usable criterion for policy evaluation well determining sustainable development.