Rather than contributing to the proliferation of ad hoc environmental indicators and accounting systems this paper addresses the physical-monetary dichotomy in measuring the interactions between environment and economy by focusing on two systematic approaches which appear to become international...

This paper examines the theoretical foundations of Green National Accounting, noting that their assumptions have led to green national income measuring welfare-based income, which is not necessarily equal to sustainable income. We review two major approaches to estimating green accounting: the...

This paper first describes two types of adjustments to National Accounting Systems, which take the environment into account: the first type centres on accounting conventions, through a change in the system boundary, in order to include specified categories of environmental assets (called...

This paper describes work on environmental accounts at Eurostat. Areas of work include asset accounts for forests, subsoil resources, land and water; NAMEA emission accounts; economy-wide material flow accounts; accounts for environmental expenditure and taxes, environment industry and...

The paper presents the Dutch country block of the ESCB Multi-Country Model (MCM) for the euro area. We show how a theoretical model is translated into an econometric specification and how this specification is in turn estimated and used in the projection exercises of the E(S)CB. The dynamic...