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Counting Nonmarket, Ecological Public Goods: The Elements of a Welfare-Significant Ecological Quantity Index

In: Is Economic Growth Sustainable?

Author

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  • James Boyd

Abstract

This chapter addresses a difficult, important, and long-standing problem in national income accounting: How do we capture the welfare contributions of nonmarket, public environmental goods?1 As I argue here, the key to this endeavor is the construction of a welfare-significant ecological quantity index (WSEQI). Quantity indexes and their price index counterparts are the core of any national income or product account (NIPA).

Suggested Citation

  • James Boyd, 2010. "Counting Nonmarket, Ecological Public Goods: The Elements of a Welfare-Significant Ecological Quantity Index," International Economic Association Series, in: Geoffrey Heal (ed.), Is Economic Growth Sustainable?, chapter 5, pages 145-167, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-27428-0_6
    DOI: 10.1057/9780230274280_6
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