Is China’s Growth Sustainable?
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.
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- Hua Wang & Nlandu Mamingi & Benoit Laplante & Susmita Dasgupta, 2003.
"Incomplete Enforcement of Pollution Regulation: Bargaining Power of Chinese Factories,"
Environmental & Resource Economics,
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- Donald A. Hanson, 1980. "Increasing Extraction Costs and Resource Prices: Some Further Results," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 335-342, Spring.
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- Wang, Hua & Wheeler, David, 2003. "Equilibrium pollution and economic development in China," Environment and Development Economics, Cambridge University Press, vol. 8(03), pages 451-466, July.
- Peter H. Lindert, 2000. "Shifting Ground: The Changing Agricultural Soils of China and Indonesia," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262122278. Full references (including those not matched with items on IDEAS)
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