Progress along the path: Evolving issues in the measurement of genuine saving

Environmental and Resource Economics

Volumn 37, Issue 1, 2007, Pages 43-61

  Atkinson, Giles ^a   Hamilton, Kirk ^b  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

^b WORLD BANK   (United States)

Author keywords

Environmental degradation; Genuine saving; Subsoil assets; Sustainability; User cost

Indexed keywords

EARNINGS; PUBLIC POLICY; SOCIAL ASPECTS; WEATHERING;

GENUINE SAVING; SUBSOIL ASSETS; USER COSTS;

SUSTAINABLE DEVELOPMENT;

ENVIRONMENTAL DEGRADATION; MEASUREMENT METHOD; NATURAL RESOURCE; SAVINGS; SUSTAINABLE DEVELOPMENT; VALUATION;

EID: 34249086245     PISSN: 09246460     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10640-007-9114-7     Document Type: Article

References (55)

1. AEA Technology (2004) An Evaluation of the air quality strategy. Report to the Department for Environment, Food and Rural Affairs (DEFRA), London
2. Aronsson T, Johansson P-O and Lofgren K-G (1997). Welfare measurement, sustainability and green national accounting. Edward Elgar, Cheltenham
3. Asheim G and Weitzman M (2001). Does NNP growth indicate welfare improvement. Econ Lett 73: 233-239
4. Bateman IJ, Day B and Lake I (2004). The valuation of transport-related noise in Birmingham. Report to the Department of Transport, London
5. British Petroleum (2001). Statistical review of world energy. BP plc, London
6. BRE (Building Research Establishment) (2002) The national noise incidence study 2000 (England and Wales). Report to Department for Environment, Food and Rural Affairs (DEFRA), London
7. Convery F (2007). Making a difference-how environmental economists can influence the policy process-a case study of David W. Pearce. Environ Resour Econ 37(1):7-32 (this issue)
8. Dasgupta P and Mäler K-G (2000). Net national product, wealth and social well-being. Environ Dev Econ 5: 69-93
9. Davis G and Moore D (2000). Valuing mineral stocks and depletion in national income account. Environ Dev Econ 5: 109-128
10. Day B, Bateman IJ, Lake I (2007) Beyond implicit prices: recovering theoretically consistent and transferable values for noise avoidance from a hedonic property price model. Environ Resour Econ 37(1):211-232
11. DEFRA (Department for Environment, Food and Rural Affairs) (2005). Digest of environmental statistics. DEFRA, London
12. Eichner T, Pethig R (2007) Harvesting in an integrated general equilibrium model. Environ Resour Econ 37(1):233-252 (this issue)
13. El Serafy S (1989) The proper calculation of income from depletable natural resources. In Ahmad Y, El Serafy S, Lutz E (eds) Environmental accounting for sustainable development. The World Bank, Washington DC
14. Ferreira S and Vincent JR (2005). Genuine savings: leading indicator of sustainable development. Econ Dev Cultural Change 53: 737-754
15. Hamilton K (2003). Sustaining economic welfare: estimating changes in total and per capita wealth. Environ, Dev Sustainability 5: 419-346
16. Hamilton K (1994). Green adjustments to GDP. Resour Policy 20: 155-168
17. Hamilton K (1996) Pollution and pollution abatement in the national accounts. Rev Income Wealth 42:13-33
18. Hamilton K, Atkinson G (1996) Air pollution and green accounts. Energ Policy 24:675-684
19. Hamilton K and Clemens M (1999). Genuine savings rates in developing countries. World Bank Econ Rev 13: 333-356
20. Hamilton K and Hartwick JM (2005). Investing exhaustible resource rents and the path of consumption. Can J Econ 38: 615-621
21. Hamilton K, Withagen C (2007) Savings growth and the path of utility. Can J Econ 40 (forthcoming)
22. Hartridge O and Pearce DW (2001). Is UK agriculture unsustainable? Environmentally adjusted economic accounts for UK agriculture. University College London, Centre for Social and Economic Research on the Global Environment (CSERGE-Economics)
23. Hartwick JM (1977). Intergenerational equity and the investing of rents from exhaustible resources. Am Econ Rev 66: 972-974
24. Hartwick JM (1990). Natural resources, national accounting and economic depreciation. J Public Econ 43: 291-304
25. Hartwick JM, Hagemann A (1993) Economic depreciation of mineral stocks and the contribution of El Serafy. In Lutz E (ed) Toward improved accounting for the environment. The World Bank, Washington DC
26. Hicks JR (1946) Value and Capital, 2nd edn. Clarendon Press, Oxford
27. Maddison D, Pearce DW, Johansson O, Calthorp E, Litman T and Verhoef E (1996). Blueprint 5: the true costs of road transport. Earthscan, London
28. Mäler K-G (1991). National accounts and environmental resources. Environ Resour Econ 1: 1-15
29. Mäler K-G (2007) Wealth and sustainable development: the role of David Pearce. Environ Resour Econ 37(1):63-75 (this issue)
30. Markandya A, Hunt A, Mason P (2000) Valuing damages for green accounting purposes: the GARP II approach. FEEM Nota di Lavoro No. 93.2000, Foundazione Eni Enrico Mattei (FEEM), Milan
31. Markandya A, Hunt A, Ortiz R and Alberini A (2004). EC NewExt Research Project: Mortality Risk Valuation-Final Report-UK. European Commission, Brussels Markandya A
32. Markandya A, Pedroso S (2007) How substitutable is natural capital? Environ Resour Econ 37(1):297-311 (this issue)
33. Navrud S (2004). The economic value of noise within the European Union-a review and analysis of the studies. Paper presented to ACUSTICA 2004 IV Ibero-American Congress European Commission, Brussels
34. Nellthorp J, Bristow A, Mackie P (2005) Developing guidance on the valuation of transport-related noise for inclusion in WebTAG. Paper presented to the seminar 'Valuing Transport Related Noise' (May 17th 2005), Department for Transport, London
35. Nordhaus WD and Tobin J (1973). Is growth obsolete? Economic growth, fiftieth anniversary colloquium V. Columbia University Press, New York
36. OECD (Organisation for Economic Co-operation and Development) (1993). Environmental data compendium 1993. OECD, Paris
37. Pearce DW (2007) Do we really care about biodiversity? Environ Resour Econ 37(1):313-333 (this issue)
38. Pearce DW and Atkinson G (1993). Capital theory and the measurement of sustainable development: an indicator of weak sustainability. Ecol Econ 8: 103-108
39. Pearce DW, Markandya A and Barbier EB (1989). Blueprint for a green economy. Earthscan, London
40. Pearce DW, Ulph D (1999) A social discount rate for the United Kingdom. In Pearce DW (ed) Economics and environment: essays on ecological economics and sustainable development. Edward Elgar, Cheltenham
41. Pezzey JCV (1989) Economic analysis of sustainable growth and sustainable development. Environment Department Working Paper No. 15, The World Bank, Washington DC
42. Pezzey JCV (2004) One-sided tests of sustainability. J Environ Econ Manage
43. Pezzey JCV, Hanley N, Turner K, Tinch D (forthcoming) Augmented sustainability measures for Scotland. Ecol Econ 57:60-74
44. Repetto R, Magrath W, Wells M, Beer C and Rossini F (1989). Wasting assets: natural resources in the national accounts. World Resources Institute, Washington DC
45. Simpson RD (2007) David Pearce and the economic valuation of biodiversity. Environ Resour Econ 37(1):91-109 (this issue)
46. Smith S, Swierzbinski J (2007) Assessing the performance of the UK emissions trading scheme. Environ Resour Econ 37(1):131-158 (this issue)
47. Solow R (1986) On the intergenerational allocation of natural resources. Scand J Econ 88:141-149
48. Ulph A, Ulph D (2007) Climate change - environmental policies and technology policies in a strategic context. Environ Resour Econ 37(1):159-180 (this issue)
49. Vincent JR (1997). Resource depletion and economic sustainability in Malaysia. Environ Dev Econ 2: 19-37
50. WCED-World Commission on Environment and Development (1987) Our Common Future, The Report of the World Commission on Environment and Development. Oxford University Press, Oxford
51. Weitzman ML (1976). On the welfare significance of national product in a dynamic economy. Quart J Econ 90: 156-162
52. World Bank (2005). World development indicators 2005. The World Bank, Washington DC
53. World Bank (2006). Where is the wealth of nations. The World Bank, Washington DC
54. WHO (World Health Organisation) (2004). Development of environment and health indicators for the European Union. WHO, Rome
55. Zerbe R and Dively D (1994). Benefit-cost analysis in theory and practice. Harper Collins College Publishers, New York