To what extent green accounting can properly measure sustainable development, not only depend on how well we maintain the link between the indicators and a clearlydefined concept of sustainable development but also on cautious interpretation of those indicators. Information from green accounting...

We adopt the definition of sustainability as “non-declining welfare per capita”, and measure genuine savings and change in wealth per capita as indicator of weak sustainability. The results suggests that the overall trend in sustainability as measured by changes in wealth per capita had...