A Review of Natural Resource Valuation Through National Income Accounting

Ahmed, Mehnaz

doi:10.1111/j.1759-3441.2000.tb00976.x

Cited by 5 publications

(2 citation statements)

References 11 publications

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“…Further, carbon is the main pollutant produced by the burning of fossil fuel. So far, there have been many attempts [Pearce (1993); Repetto, et al (1991), Tongeren, et al (1991], but no universally acceptable method to value depreciation of natural resources at the macro level and so a proxy must be used [Ahmed (2000)].…”

Section: Five Year Averagementioning

confidence: 99%

The Relationship between Income Distribution and the Cost of Environmental Management in Australia

Mallick¹,

Ghani²,

Hamid³

2022

pdr

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Australia is highly dependent on its natural resources; therefore it needs to develop a national accounting system whereby the concept of natural resource asset depletion is incorporated into its national income accounts. The present study suggests that if the national income accounting system of the economy is deficient in highlighting the gap in estimated income and sustainable income, then such a system needs to be improved [Ahmed and Mallick (1997)]. In a previous analysis of the Australian economy [Mallick, Sinden, and Thampapillai (2000)], showed that reconciliation between the goals of sustainability and employment may be achieved by a real wage reduction of approximately 8-10 percent. The analysis was structured within the framework of a simple Keynesian model of income determination and a Cobb-Douglas production function.

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Section: Five Year Averagementioning

confidence: 99%

The Relationship between Income Distribution and the Cost of Environmental Management in Australia

Mallick¹,

Ghani²,

Hamid³

2022

pdr

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“…During the fourteen years between 1971 and 1984, the GDP growth was on average at 7 percent, whereas the Repetto's sustainable GDP showed an average growth rate of 4 percent. The 3 percent gap in these growth rates was the environmental cost of economic development [Ahmed (2000)].…”

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confidence: 99%

Sustainable Income, Employment, and Income Distribution in Indonesia

Mallick¹

2007

PDR

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Production and consumption activities in any economy have a direct impact on the environment. Although increased economic activity and population growth in developing countries continue to exert enormous pressure on their natural environments, the role of the environment is neglected in the estimation of national income. Such neglect at the macroeconomic level is at least in part, an important cause of environmental degradation in developing countries. Since the United Nations Conference on Environment and Development in 1992 at Rio and even as early as middle of the 1980s, a substantial literature had developed on methods to integrate the environment into the economic development process. The main assertion in this literature is that natural resources represent a form of capital that is analogous to the stock of manufactured capital. Sustainable income can be determined by allocating a portion of income to allow for the deprecation of natural capital [Ahmed, El Serafy, and Lutz (1989) and Solow (1992)]. Indonesia had average real GDP growth rates of more than five percent per year up to the early 1990s [World Bank (1994)]. But income inequality (measured by the Gini coefficient) has been high. Although inequality continues to be quite high, especially between rural and urban populations, Indonesia has been successful in poverty alleviation up to mid 1990s. In 1976 almost 40 percent of its population was below the poverty line, which in 1993 decreased to less than 14 percent [Todaro (1994)]. Income distributional consequences of economic growth would continue to be one of the main policy issues in Indonesia. This is due to its large population size, presence of different ethnic and religious groups, large diversity between rural and urban groups, variety of natural resources scattered over the country, huge distances and the effects of a far-flung archipelago [Akita, Lukman, and Yamada (1999)].

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Sustainable development and environmental accounting: the challenge to the economics and accounting profession

Herath¹

2005

International Journal of Social Economics

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PurposeThe purpose of this paper is to examine the role of natural resources accounting in sustainable development. Natural resource accounting is important because the welfare of a nation measured in terms of gross domestic product (GDP) has several weaknesses.Design/methodology/approachThis paper achieves this objective by identifying the present status, the constraints and the challenges for the economics and accounting professions.FindingsThe main weakness of GDP as a measure of development is that it does not take into account damages to environmental resources. However, the improvement of the concept to include environmental resource use is made difficult because of the difficulties of measuring environmental damage. The challenge to the economics and accounting profession is to ensure interdisciplinary collaboration, development of a framework to explicitly include the environment, development of credible valuation procedures for the environment, and inclusion of the various ethical positions advanced by various groups on the value of the environment.Practical implicationsSome headway has been made on these issues during the last decade but a major challenge still lies ahead in further improving these approaches so that sustainable development becomes an achievable goal.Originality/valueThis paper brings together diverse views and fusing them together providing a future path for research in environmental accounting to achieve sustainable development.

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A Review of Natural Resource Valuation Through National Income Accounting

Cited by 5 publications

References 11 publications

The Relationship between Income Distribution and the Cost of Environmental Management in Australia

The Relationship between Income Distribution and the Cost of Environmental Management in Australia

Sustainable Income, Employment, and Income Distribution in Indonesia

Sustainable development and environmental accounting: the challenge to the economics and accounting profession

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