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Natural Resource Accounting and Economic Development

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Natural Resource Accounting and Economic Development

Theory and Practice

9781840649246 Edward Elgar Publishing
Edited by Charles Perrings, Professor of Environmental Economics, Vice-Chair, Diversitas, Global Institute of Sustainability, Arizona State University, US and Jeffrey R. Vincent, Duke University, US
Publication Date: 2003 ISBN: 978 1 84064 924 6 Extent: 288 pp
In this important book 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.

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In this important book 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 over the last half century and more, GDP and GNP, fail to record the change in the value of a nation’s natural or environmental capital. The contributions 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 optimising and non-optimising 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.

The book makes a substantial contribution to the development of an important field of environmental economics. It should be read by all environment and development economists, and policymakers with a particular interest in natural resource accounting, sustainability and development.
Critical Acclaim
‘This book. . . contains an excellent compilation of contributions [and] the coverage of the book is impressive. . . This interesting and helpful book on green accounting will prove essential reading to researchers in environmental and development economics who intend to devote further study to this urgent academic topic.’
– Katrin Daedlow, Environmental Politics

‘The book is . . . an insightful read for development economists and policy makers with interest in environmental issues and natural resource accounting, and its linkages with economic growth and sustainable human and ecological development.’
– Tino Urban, African Development Perspectives Yearbook

‘The strength of the book lies in its coverage of the topics, e.g., valuing mineral stocks, soil wealth, timber depreciation, forest resources, and fisheries, and by addressing the theoretical dimension of the problems. On the whole, it is a blend of theoretical and empirical ideas, thus making the volume a useful reference for researchers interested in the various dimensions of natural resource accounting – and aspect of great relevance for the developing economies. This reviewer wholeheartedly recommends the book; the editors and authors of the chapters deserve credit for making a valuable contribution to the area of natural resource accounting.’
– Varinder Jain, The Journal of Energy and Development
Contributors
Contributors: G.B. Asheim, J.B. Aune, R.W.Bailey, J. Blignaut, K.A. Brekke, E.H. Bulte, R.D. Cairns, R. Clarke, P. Dasgupta, G.A. Davis, C.A. Ferraz do Amaral, G.S. Haripriya, R.M. Hassan, R.D. Horan, J. Hrubovcak, V. Iversen, G.-M. Lange, K.-G. Mäler, D.J. Moore, C. Perrings, R. Seroa da Motta, J.S. Shortle, J.R. Vincent, M.L. Weitzman
Contents
Contents: 1. Green Accounting and the Sustainability of Economic Development 2. Green National Accounting: Why and How? 3. Sustainability Accounting and Green Accounting 4. The Linearized Hamiltonian as Comprehensive NDP 5. Net National Product, Wealth, and Social Well-being 6. Accounting for the Distributional Impacts of Policy in the Green Accounts 7. Valuing Mineral Stocks and Depletion in Green National Income Accounts 8. Natural Resource Accounts for Minerals: A Southern Africa Country Comparison 9. Tanzania’s Soil Wealth 10. Estimating Timber Depreciation in the Brazilian Amazon 11. Integrating Forest Resources into the System of National Accounts in Maharashtra, India 12. Improved Measure of the Contribution of Cultivated Forests to National Income and Wealth in South Africa 13. Fisheries Accounting in Namibia 14. Resource Depletion and Economic Sustainability in Malaysia 15. Global Macroeconomic Sustainability: A Dynamic General Equilibrium Approach Index

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