(‘practice’) and green accounting (‘theory’): depletion as change in total wealth; depletion as ‘using up’ of the resource …; depletion as net savings; or, depletion as net investment. The differences in assumptions between these measures are clarified …Adjusting national income for depletion is important in order to send correct signals to policy makers. This article …

Failure to separate unexpected capital gains and losses on natural assets from depletion breaks the link between Net …, making it virtually useless for policy purposes. In contrast, when depletion is measured correctly, the link between NNP and … Indonesia are used to illustrate the very significant impact that the treatment of capital gains and depletion can have on NNP …

Green accounting theories have shown that negative genuine savings at some point in time imply unsustainability …. Consequently, recent studies advocate the use of the genuine savings measure for empirical testing: a negative index implies … sustainability be rejected. This criterion is not forward-looking: positive current genuine savings do not rule out ’genuine …

Green accounting theories have shown that negative genuine savings at some point in time imply unsustainability …. Consequently, recent studies advocate the use of the genuine savings measure for empirical testing: a negative index implies … sustainability be rejected. This criterion is not forward-looking: positive current genuine savings do not rule out ’genuine …

improvements in extraction technology. Effectively, depletion is then postponed until better times. This suggests that it is not … with imperfectly defined property rights on natural resources, political distortions induce faster resource depletion than …

the control of resources is solved as a non-cooperative differential game. Prices of resources and depletion increase … countries with less secure property rights. The theory suggests that adjusted net saving estimates calculated by the World Bank …