National accounting with natural and other types of capital

Authors
Citation
Jm. Hartwick, National accounting with natural and other types of capital, ENVIRON R E, 19(4), 2001, pp. 329-341
Citations number
14
Categorie Soggetti
Economics
Journal title
ENVIRONMENTAL & RESOURCE ECONOMICS
ISSN journal
09246460 → ACNP
Volume
19
Issue
4
Year of publication
2001
Pages
329 - 341
Database
ISI
SICI code
0924-6460(200108)19:4<329:NAWNAO>2.0.ZU;2-I
Abstract
We do double-entry national accounting and incorporate zero profit arbitrag e conditions (Euler equations) for different types of capital, including na tural capital. In non-balanced growth, capital gains terms for capital good s appear in the income side of the accounts. Depreciation terms appear on t he product or expenditure side. We consider renewable natural capital as we ll as non-renewable of both durable and non-durable types.