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Economic Development and Environmental SustainabilityNew Policy Options$
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Ramón López and Michael A. Toman

Print publication date: 2006

Print ISBN-13: 9780199298006

Published to Oxford Scholarship Online: September 2006

DOI: 10.1093/0199298009.001.0001

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Measuring Development Prospects by ‘Greening’ the National Accounts

Measuring Development Prospects by ‘Greening’ the National Accounts

(p.60) 2 Measuring Development Prospects by ‘Greening’ the National Accounts
Economic Development and Environmental Sustainability

López Ramón

Michael A. Toman

Oxford University Press

This chapter reviews income and welfare measurement and examines the central topics of assets and sustainability with the evaluation of key conceptual and theoretical literature. It also outlines the methods of asset accounting and presents selected empirical results from ‘greening’ the national accounts. Linkages to policy are explored, followed by broad conclusions on some basic questions: To what extent has the promise of environmental accounting been realized? Which approach has the greatest policy significance? And where is environmental accounting likely to be most useful? Finally, it studies the recent empirical results from Southern Africa and explores policy linkage with concluding remarks.

Keywords:   green national accounting, sustainability, welfare, income, environmental resources, pollution, Southern Africa, genuine savings

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