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Green national accounting for welfare and sustainability: A taxonomy of assumptions and results

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Author Info
Asheim, Geir () (Dept. of Economics, University of Oslo)

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Abstract

This paper summarizes assumptions made and results obtained in parts of the literature on welfare and sustainability accounting. I consider five di®erent assumptions that can be imposed independently of each other, producing 32 di®erent combinations. This taxonomy is used to organize results in welfare and sustainability accounting. The analysis illustrates how stronger results require stronger assumptions and thereby impose harder informational requirements.

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File URL: http://www.oekonomi.uio.no/memo/memopdf/memo3102.pdf
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Publisher Info
Paper provided by Oslo University, Department of Economics in its series Memorandum with number 31/2002.

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Length: 24 pages
Date of creation: 19 Jun 2003
Date of revision:
Handle: RePEc:hhs:osloec:2002_031

Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
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Web page: http://www.oekonomi.uio.no/indexe.html
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For technical questions regarding this item, or to correct its listing, contact: (Rhiana Bergh-Seeley).

Related research
Keywords: National accounting; dynamic welfare; sustainability;

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Find related papers by JEL classification:
C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-74, December. [Downloadable!] (restricted)
    Other versions:
  2. Kenneth Arrow & Partha Dasgupta & Karl-Göran Mäler, 2003. "Evaluating Projects and Assessing Sustainable Development in Imperfect Economies," Working Papers 2003.109, Fondazione Eni Enrico Mattei. [Downloadable!]
    Other versions:
  3. Asheim, Geir B. & Weitzman, Martin L., 2001. "Does NNP growth indicate welfare improvement?," Economics Letters, Elsevier, vol. 73(2), pages 233-239, November. [Downloadable!] (restricted)
    Other versions:
  4. Hanley, Nick & Moffatt, Ian & Faichney, Robin & Wilson, Mike, 1999. "Measuring sustainability: A time series of alternative indicators for Scotland," Ecological Economics, Elsevier, vol. 28(1), pages 55-73, January. [Downloadable!] (restricted)
  5. Kenneth J. Arrow & Partha Dasgupta & Karl-Göran Mäler, 2003. "The genuine savings criterion and the value of population," Economic Theory, Springer, vol. 21(2), pages 217-225, 03. [Downloadable!] (restricted)
  6. Hamilton, Kirk, 1994. "Green adjustments to GDP," Resources Policy, Elsevier, vol. 20(3), pages 155-168, September. [Downloadable!] (restricted)
  7. Dasgupta, Partha, 2001. "Valuing Objects and Evaluating Policies in Imperfect Economies," Economic Journal, Royal Economic Society, vol. 111(471), pages C1-29, May. [Downloadable!] (restricted)
  8. R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers 103, Massachusetts Institute of Technology (MIT), Department of Economics.
  9. Asheim, Geir B, 1994. " Net National Product as an Indicator of Sustainability," Scandinavian Journal of Economics, Blackwell Publishing, vol. 96(2), pages 257-65.
  10. Asheim, Geir B., 2000. "Green national accounting: why and how?," Environment and Development Economics, Cambridge University Press, vol. 5(01), pages 25-48, February. [Downloadable!]
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  11. John C. V. Pezzey, 2002. "One-sided Unsustainability Tests and NNP Measurement with Multiple Consumption Goods," Economics and Environment Network Working Papers 0208, Australian National University, Economics and Environment Network. [Downloadable!]
  12. Hartwick, John M., 1990. "Natural resources, national accounting and economic depreciation," Journal of Public Economics, Elsevier, vol. 43(3), pages 291-304, December. [Downloadable!] (restricted)
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  13. Weitzman, Martin L, 2001. " A Contribution to the Theory of Welfare Accounting," Scandinavian Journal of Economics, Blackwell Publishing, vol. 103(1), pages 1-23, March. [Downloadable!] (restricted)
  14. Dixit, Avinash & Hammond, Peter & Hoel, Michael, 1980. "On Hartwick's Rule for Regular Maximin Paths of Capital Accumulation and Resource Depletion," Review of Economic Studies, Blackwell Publishing, vol. 47(3), pages 551-56, April. [Downloadable!] (restricted)
  15. Geir B. Asheim & Wolfgang Buchholz, 2004. "A General Approach to Welfare Measurement through National Income Accounting," Scandinavian Journal of Economics, Blackwell Publishing, vol. 106(2), pages 361-384, 06. [Downloadable!] (restricted)
    Other versions:
  16. Sefton, J. A. & Weale, M. R., 1996. "The net national product and exhaustible resources: The effects of foreign trade," Journal of Public Economics, Elsevier, vol. 61(1), pages 21-47, July. [Downloadable!] (restricted)
    Other versions:
  17. Weitzman, Martin L, 1976. "On the Welfare Significance of National Product in a Dynamic Economy," The Quarterly Journal of Economics, MIT Press, vol. 90(1), pages 156-62, February. [Downloadable!] (restricted)
    Other versions:
  18. Asheim, Geir, 2003. "Green national accounting with a changing population," Memorandum 06/2003, Oslo University, Department of Economics. [Downloadable!]
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Valeria Costantini & Salvatore Monni, 2004. "Measuring human and Sustainable Development: An Integrated Approach for European Countries," Departmental Working Papers of Economics - University 'Roma Tre' 0041, Department of Economics - University Roma Tre. [Downloadable!]
  2. Asheim, Geir B., 2005. "Can NNP be used for welfare comparisons?," Memorandum 24/2005, Oslo University, Department of Economics. [Downloadable!]
    Other versions:
  3. Ossama Mikhail & J. Walter Milon & Richard Hofler, 2005. "Is Investment in Environmental Quality a Solution to Recessions? Studying the Welfare Effects of Green Animal Spirits," Others 0510010, EconWPA. [Downloadable!]
  4. Asheim, Geir B., 2005. "Welfare comparisons between societies with different population sizes and environmental characteristics," Memorandum 25/2005, Oslo University, Department of Economics. [Downloadable!]
  5. John C. V. Pezzey & Nick Hanley & Karen Turner & Dugald Tinch, 2004. "Augmented Sustainability Measures for Scotland," Economics and Environment Network Working Papers 0404, Australian National University, Economics and Environment Network. [Downloadable!]
    Other versions:
  6. Mariano Torras, 2005. "Ecological inequality in assessing well-being: Some applications," Policy Sciences, Springer, vol. 38(4), pages 205-224, December. [Downloadable!] (restricted)
  7. Mino, Kazuo, 2004. "On the Generalized Weitzman's Rule," MPRA Paper 16996, University Library of Munich, Germany. [Downloadable!]
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