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Environmental Policy Issues for Sustainable Economic Development in China

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  • Burnett, Kimberly M.
  • Roumasset, James A.

Abstract

A central pillar of the sustainability movement is the call to include environmental accounting in standard measures of economic performance. This increased transparency would, in principle, mitigate the temptation of economic managers and policy makers to increase growth in material consumption at the expense of the environment. Moreover, as Repetto (1989) and others have argued, deducting depreciation of produced capital from NNP but not deducting depreciation of natural capital is inconsistent and debases NNP as a possible indicator of welfare. Based on the evidence available, it appears that while GNNP is substantially less than NNP, these adjustments do not adversely compromise existing estimates of economic growth for China.

Suggested Citation

  • Burnett, Kimberly M. & Roumasset, James A., 2006. "Environmental Policy Issues for Sustainable Economic Development in China," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25559, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae06:25559
    DOI: 10.22004/ag.econ.25559
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    References listed on IDEAS

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    Keywords

    Environmental Economics and Policy;

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