The Welfare Economic Theory of Green National Accounts

被引:120
作者
Dasgupta, Partha [1 ]
机构
[1] Univ Cambridge, St Johns Coll, Cambridge, England
关键词
Natural capital; Ecosystems; Capital depreciation; Shadow prices; Income; Comprehensive wealth; Net national product; Intergenerational well-being; Sustainable development; Population growth; Technological uncertainty; Wiener process; OPTIMAL-GROWTH; SUSTAINABLE DEVELOPMENT; EQUIVALENT NNP; PRODUCT; SAVINGS; CONSERVATION; RESOURCES; UNEMPLOYMENT; MALNUTRITION; DETERMINANT;
D O I
10.1007/s10640-008-9223-y
中图分类号
F [经济];
学科分类号
020101 [政治经济学];
摘要
This paper takes a critical look at the literature on green national accounts. The problem studied is to find a linear index of economic variables that responds to perturbations in the same direction as social well-being. The thesis of a large literature, that net national product (which is a flow) is that index in closed economies, is shown in some interpretations to be simply false and in others to suffer from deep estimation problems. It is argued that capital depreciation using shadow prices should certainly be included in national accounts, but that the right welfare index is a comprehensive measure of wealth, defined as the shadow value of an economy's stock of all capital assets. It is shown that comprehensive wealth is usable as a criterion for policy evaluation as well as for determining sustainable economic development.
引用
收藏
页码:3 / 38
页数:36
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