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National Accounting with Natural and Other Types of Capital

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  • John Hartwick

Abstract

We do double-entry national accounting and incorporate zero profit arbitrageconditions (Euler equations) for different types of capital, includingnatural capital. In non-balanced growth, capital gains terms for capitalgoods appear in the income side of the accounts. Depreciation terms appearon the product or expenditure side. We consider renewable natural capital aswell as non-renewable of both durable and non-durable types. Copyright Kluwer Academic Publishers 2001

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  • John Hartwick, 2001. "National Accounting with Natural and Other Types of Capital," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(4), pages 329-341, August.
    • Handle: RePEc:kap:enreec:v:19:y:2001:i:4:p:329-341
    DOI: 10.1023/A:1011692113965
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    1. Werner Hediger, 2013. "From Multifunctionality and Sustainability of Agriculture to the Social Responsibility of the Agri-food System," Journal of Socio-Economics in Agriculture (Until 2015: Yearbook of Socioeconomics in Agriculture), Swiss Society for Agricultural Economics and Rural Sociology, vol. 6(1), pages 59-80.
    2. Hediger, Werner, 2008. "Agriculture’s Multifunctionality, Sustainability, and Social Responsibility," 82nd Annual Conference, March 31 - April 2, 2008, Royal Agricultural College, Cirencester, UK 36854, Agricultural Economics Society.
    3. Bostedt, Göran & Lundgren, Tommy, 2010. "Accounting for cultural heritage -- A theoretical and empirical exploration with focus on Swedish reindeer husbandry," Ecological Economics, Elsevier, vol. 69(3), pages 651-657, January.
    4. Samakovlis, Eva, 2004. "Ecosystems, Sustainability and Growth for Sweden during 1991-2001," Occasional Papers 4, National Institute of Economic Research.

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