Nature's Numbers Expanding the National Economic Accounts to Include the Environment pdf

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Nature’s Numbers Expanding the National Economic Accounts to Include the Environment by William D Nordhaus and Edward C Kokkelenberg pdf

Nature’s Numbers Expanding the National Economic Accounts to Include the Environment by William D Nordhaus and Edward C Kokkelenberg pdf free download. This report addresses the question of whether the U.S National Income and Product Accounts (NIPA) should be broadened to include activities involving natural resources and the environment. The NIPA are the most important measures of overall economic activity for a nation. They measure the total income and output of the nation; their purpose is to provide a coherent and comprehensive picture of the nation’s economy.

Nature’s Numbers Expanding the National Economic Accounts to Include the Environment by William D Nordhaus and Edward C Kokkelenberg pdf

A central principle underlying the national accounts is to measure production and income that arise primarily from the market economy.
However, the NIPA’s focus on market activities has raised concerns that the accounts are incomplete and misleading because they omit important nonmarket activities, such as nonmarket work, the services of the environment, and human capital. In response to these concerns about standard measures of economic activity, private scholars and governments have endeavored to broaden the national accounts in many directions. Most recently, attention has focused on extending the accounts to include natural resources and the environment.

Nature’s Numbers Expanding the National Economic Accounts to Include the Environment by William D Nordhaus and Edward C Kokkelenberg pdf

The guiding principle in extended national accounts is to measure as much economic activity as is feasible, whether that activity takes place inside or outside the boundaries of the marketplace. Intensive work on environmental accounting began in the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce in 1992. Shortly after the first publication of the U.S. Integrated Environmental and Economic Satellite Accounts (IEESA) in 1994, Congress directed the Commerce Department to suspend further work in this area and to obtain
an external review of environmental accounting.

Nature’s Numbers Expanding the National Economic Accounts to Include the Environment by William D Nordhaus and Edward C Kokkelenberg pdf

A panel working under the aegis of the National Research Council’s Committee on National Statistics was charged to “examine the objectivity, methodology, and application of integrated environmental and economic accounting in the context of broadening the national accounts” and to review “the proposed revisions to broaden the national accounts.” This report presents the panel’s
findings and recommendations.

Nature’s Numbers Expanding the National Economic Accounts to Include the Environment by William D Nordhaus and Edward C Kokkelenberg pdf

Nature's Numbers Expanding the National Economic Accounts to Include the Environment by William D Nordhaus and Edward C Kokkelenberg pdf free download


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