Requisite modifications to national income accounts, Public Economics

Requisite Modifications to National Income Accounts

To measure the national income more precisely, two kinds of adjustments to the existing national income accounts are needed. The first adjustment needs defining and valuing non-marketed environmental goods and services, while the other requires measuring and valuing the changes in the stock of natural resources. For example, to account for natural resources like forests, one has to be extends traditional NDP by including the non-marketed benefits associated with forests. Additionally, the traditional NDP should also be adjusted for the value of change in forest resources. Even though there has been wide consensus that greening the national accounts is important. There has been little consensus on how to do it with different researchers advocating different approaches. A number of are concerned with preserving the stock of environmental assets while others are concerned with the effect of environmental change on welfare. We can group these approaches to incorporating natural resources in national income accounting into four main categories. These are:

1) Pollution expenditure accounting

2) Physical accounting

3) Development of green indicators

4) Extension of the SNA type systems.

 

Posted Date: 12/18/2012 1:55:12 AM | Location : United States







Related Discussions:- Requisite modifications to national income accounts, Assignment Help, Ask Question on Requisite modifications to national income accounts, Get Answer, Expert's Help, Requisite modifications to national income accounts Discussions

Write discussion on Requisite modifications to national income accounts
Your posts are moderated
Related Questions
Basic floor plan: There are no security guards on duty at any given time. There are three ATM's on site but none of them can see who comes and goes through the building. Cameras a


The purpose of this assignment is to provide you an opportunity to enhance your skills related to use of APA format to cite references and selection of research articles most relev

Select a current political, social or environmental issue that is receiving coverage in the media, or choose an organisation you feel needs a better public relations approach, and

1. is pareto improved demonstrated using the edgeworth box daigram?

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4


QUESTION 1: Assuming that you are a consultant on the ‘Light Rail' project and you are asked to forecast demand for this mode of transport. What are the forecasting techniq

Question: (a) There appears to be an emerging consensus that the movement towards good governance must include initiatives to strengthen the institutions of government and civi

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4