Natural Resource Accounting and Economic Development : Theory and Practice - Charles Perrings

Natural Resource Accounting and Economic Development : Theory and Practice

By: Charles Perrings (Editor), Jeffrey R. Vincent (Editor)

Hardcover | 1 January 2003

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In this work, some of the world's leading scholars in environmental economics explore the theoretical and empirical problems to be solved if policymakers are to develop accounts to capture the sustainability of economic development. The development indicators that have been used since the 1950s and before, GDP and GNP, fail to record the change in the value of a nation's natural or environmental capital. The contributors to this volume consider why this is so, and what is required of genuine sustainability measures. They include both theoretical papers on the identification of sustainability measures in optimizing and non-optimizing economies, and empirical applications of the theory of green accounting to different sectors in developing countries. The extensive introduction surveys the state of the art on natural resource accounting for economic development.
Industry Reviews
'This book. . . contains an excellent compilation of contributions [and] the coverage of the book is impressive. . . This interesting and helpful book on green accounting will prove essential reading to researchers in environmental and development economics who intend to devote further study to this urgent academic topic.' -- Katrin Daedlow, Environmental Politics
'The book is . . . an insightful read for development economists and policy makers with interest in environmental issues and natural resource accounting, and its linkages with economic growth and sustainable human and ecological development.' -- Tino Urban, African Development Perspectives Yearbook
'The strength of the book lies in its coverage of the topics, e.g., valuing mineral stocks, soil wealth, timber depreciation, forest resources, and fisheries, and by addressing the theoretical dimension of the problems. On the whole, it is a blend of theoretical and empirical ideas, thus making the volume a useful reference for researchers interested in the various dimensions of natural resource accounting - and aspect of great relevance for the developing economies. This reviewer wholeheartedly recommends the book; the editors and authors of the chapters deserve credit for making a valuable contribution to the area of natural resource accounting.' -- Varinder Jain, The Journal of Energy and Development

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