National Accounting with Natural and Other Types of Capital |
| |
Authors: | John M Hartwick |
| |
Institution: | (1) Department of Economics, Queen's University, Kingston, ON, K7L 3N6, Canada |
| |
Abstract: | We do double-entry national accounting and incorporate zero profit arbitrageconditions (Euler equations) for different types of capital, includingnatural capital. In non-balanced growth, capital gains terms for capitalgoods appear in the income side of the accounts. Depreciation terms appearon the product or expenditure side. We consider renewable natural capital aswell as non-renewable of both durable and non-durable types. |
| |
Keywords: | capital energy accounting national accounting natural resources net national product |
本文献已被 SpringerLink 等数据库收录! |
|