GREEN ACCOUNTING IN IMPERFECT MARKET ECONOMIES - A SUMMARY OF RECENT RESEARCH

The idea of measuring the national welfare level by using the green NN P (net national product) has gained much attention lately This paper s ummarizes the research on social accounting in imperfect market econom ies by putting the results into a unified framework. The main contribu tion of the paper is to relate the form of the national welfare measur e to the functioning of the economic system and, therefore, to explici tly address the informational requirements implicit in social accounti ng.