IDEAS home Printed from https://ideas.repec.org/p/fth/nesowa/99-9.html
   My bibliography  Save this paper

A New Conceptual Approach to the Measurement of Capital Gains, Depletion and Net National Product

Author

Listed:
  • Hill, R.J.
  • Hill, T.P.

Abstract

This paper establishes the theoretically appropriate definition and treatment of capital gains and depletion. Failure to distinguish capital gains on natural assets from depletion causes NNP to me mismeasured. For resource rich countries this can lead to large spurious fluctuations in NNP. In contrast, when depletion is measured correctly, NNP is no more volatile than GNP and provides a better indicator of both short term economic performance and long term sustainability.

Suggested Citation

  • Hill, R.J. & Hill, T.P., 1999. "A New Conceptual Approach to the Measurement of Capital Gains, Depletion and Net National Product," Papers 99/9, New South Wales - School of Economics.
    • Handle: RePEc:fth:nesowa:99/9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Philip Lawn, 2007. "A Stock-Take of Green National Accounting Initiatives," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 80(2), pages 427-460, January.

    More about this item

    Keywords

    CAPITAL ; INCOME ; DEPLETION ; ENVIRONMENT;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P44 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:nesowa:99/9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: https://edirc.repec.org/data/senswau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.