Malaysia’s rice sector is highly protected, with the protection justified largely by arguments for food security. The government intervenes in the rice market by providing subsidies to farmers and consumers as well as imposing high import duties. Furthermore, the rice trade is controlled...

Conventional national accounting practice emphasises depreciation as both a physical loss inproductive capital and an economic loss due to obsolescence. This emphasis is only partiallyparalleled in prescriptions for natural resource accounting, where resource depletion is typicallytreated as...

In this paper an extensive review of the theoretical and applied literature on natural resource accounting (NRA) is provided. The review begins by explaining the economic theory that underpins NRA, contrasting welfare and sustainability as policy goals, and presenting various distinct...