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Green National Income and Green National Product

Author

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  • John M. Hartwick

    (Department of Economics, Queen's University, Kingston, Ontario K7L 3N6, Canada)

Abstract

We observe that the value of the gross natural increment in natural capital is the appropriate entry in the income side of the national accounts, when “greened.” This entry is zero for the special case of nonrenewable resources. Greening is motivated by the desire to account for the value of changes in the size of the stock of natural capital in net national product. We also report on the problem of the use of distorted prices in national accounting.

Suggested Citation

  • John M. Hartwick, 2011. "Green National Income and Green National Product," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 21-35, October.
    • Handle: RePEc:anr:reseco:v:3:y:2011:p:21-35
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120032
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    Cited by:

    1. N & a Kaji Budhathoki, "undated". "Climate Change: Perceptions, Reality and Agricultural Practice: Evidence from Nepal," Working papers 122, The South Asian Network for Development and Environmental Economics.
    2. Mahfuz Kabir, 2017. "Valuation of Subsoil Minerals: Application of SEEA for Bangladesh," Working Papers id:11919, eSocialSciences.
    3. Cairns, Robert D., 2018. "Economic Accounting in the Simple Hotelling Model," Resource and Energy Economics, Elsevier, vol. 51(C), pages 18-27.

    More about this item

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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