Modern national income accounting was designed in the early 20th century for the purpose of providing improved indicators about the performance of the economy so that government policy makers could better control the economy. The way that performance is measured affects the types of policies used to try to accomplish policy goals. Two attributes of national income accounting are analyzed for th...

The world never sleeps and economies do not stand still. As the scope, sophistication and complexity of economic transactions increase, new products appear and the institutions engaged in these exchanges themselves change. The nature of economic relationships is continually being transformed, as activities appear more ambiguous and the interpretation of economic statistics grows ever more diffi...

The present paper gives an overview of the theory of green national accounting. Three purposes of green national accounting (measurement of welfare equivalent income, sustainable income, or net social profit) and two measures (Green NNP and wealth equivalent income) are considered. Under the assumption of no exogenous technological progress, Green NNP is shown to equal wealth equivalent income ...