It is estimated that a tax of roughly $102 per ton of carbon is the level necessary to meet the Rio target for carbon emissions. Cost-push simulations show consumers expenditure to be the category of demand most affected by the tax (prices increase by 2.0-2.4 percent), and commercial...

Augmented measures of savings and wealth in the national accounts are critical to conceptualizing and achieving sustainable development. After developing the theory of genuine savings-traditional net savings less the value of resource depletion and environmental degradation plus the value of...

The adoption of the System of Environmental-Economic Accounting 2012: Central Framework as a UN statistical standard is a landmark in environmental accounting. The SEEA has the same authority and weight as the System of National Accounts in the pantheon of official statistics. The SEEA defines...

Defining sustainable development as non-declining utility, the consistency of this concept with the Hartwick rule and optimal growth is explored when resources are exhaustible. A simple proof that a generalized Hartwick rule is necessary and sufficient for constant consumption is derived. The...

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...