Welfare Measurement, Sustainability and Green National Accounting: A Growth Theoretical Approach

Overview

One of the basic issues of accounting is to augment, or extend the conventional net national product measure so as to obtain a better indicator of welfare. Welfare Measurement, Sustainability and Green National Accounting extends the usual analysis of social accounting by taking into account technological change, externalities and uncertainty. This important new book analyses welfare measurement, sustainability and 'green accounting' within general equilibrium models. A large part of the book is devoted to ...
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Overview

One of the basic issues of accounting is to augment, or extend the conventional net national product measure so as to obtain a better indicator of welfare. Welfare Measurement, Sustainability and Green National Accounting extends the usual analysis of social accounting by taking into account technological change, externalities and uncertainty. This important new book analyses welfare measurement, sustainability and 'green accounting' within general equilibrium models. A large part of the book is devoted to welfare measurement in the presence of technological change and external effects which complicate 'green accounting' to a considerable extent. In addition to environmental externalities, the authors also discuss external effects arising from investments in human capital and their implications for welfare measurement. Other areas examined are welfare measurement under uncertainty and examples of cost-benefit analyses of environmental and other policies. The book will be required reading for graduate students and professional economists interested in macroeconomics, environmental and resource economics.
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Editorial Reviews

Booknews
Extends the usual analysis of social accounting by including technological change, externalities, and uncertainty, analyzing welfare measurement, sustainability, and green accounting within general equilibrium models. Examines welfare measurement in the presence of technological change and external effects which complicate green accounting, and discusses external effects arising from investments in human capital and their implications for welfare measurement. For graduate students and professionals in economics. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

Table of Contents

List of figures
Foreword
1 Introduction 1
2 Introducing dynamic models and welfare indices 8
3 A dynamic general equilibrium model 20
4 Welfare measures under technological change and externalities 46
5 Human capital - a recent issue in 'practical' national accounting 73
6 Sustainable development and its relation to welfare measures 95
7 A smorgasbord of topics 117
8 Welfare measurement under uncertainty 144
9 Afterwords 159
References 163
Index 171
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