Green Accounting: Issues and Challenges
National income measures like Gross Domestic Product (GDP) and Net Domestic Product (NDP) have been used as measures of the economic progress and standard of living in almost all countries for a long time. Decision makers and researchers use these measures for new policy initiatives and to analyze policy alternatives respectively. The traditional Systems of National Accounting (SNA) are now recognized as inadequate, as they cannot accurately measure the contribution of environment and the impact of economic activities on it due to the exclusion of the non-marketed services provided by natural assets, inconsistent treatment of depreciation on man-made and natural assets, and inadequate representation of the degradation of environment. This gives a false impression of increase in income to the decision makers and researchers, while natural wealth is actually reducing. Hence, green accounting can be useful for sustainable national income accounting and in removing the current biases.
Year of publication: |
2010
|
---|---|
Authors: | Rout, Himanshu Sekhar |
Published in: |
The IUP Journal of Managerial Economics. - IUP Publications. - Vol. VIII.2010, 3, p. 46-60
|
Publisher: |
IUP Publications |
Saved in:
Saved in favorites
Similar items by person
-
Household health expenditures analysis in Yanam Region, India
Lakshmi, T. Subba, (2009)
-
Gender and development in India : dimensions and strategies
Rout, Himanshu Sekhar, (2008)
-
Income, education and household health expenditure : a rural-urban analysis
Rout, Himanshu Sekhar, (2007)
- More ...