National accounting and capital

Bibliographic Information

National accounting and capital

John M. Hartwick

Edward Elgar, c2000

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Includes bibliographical references and index

Description and Table of Contents

Description

National Accounting and Capital presents definitive solutions to current problems in national accounting practice. Professor Hartwick deals expertly with problems in accounting natural capital, financial capital and skills capital and communicates his solutions in specially designed national accounting tables or matrices. Key issues discussed include: new developments in the theory of green national accounting, particularly the place of natural resource stocks in the national accounts the relationship between dollar valued net national product and sustainable income an extension of standard treatments of capital, (buildings, machines, etc.), in the national accounts to deal with natural resources, human capital, and financial capital, (equities of banks and other firms and loans from banks to firms) the sustainability of the current path of an economy the role of capital gains on 'new' types of capital in the expression for net national product In addition, Professor Hartwick indicates how to deal with certain long-standing issues involving services to banks in the national accounts. The accounts are always expressed in a national accounting matrix and this makes for consistency in style. He wishes to persuade readers of the value of this approach. This book will be of immense use to scholars of national and environmental accounting and practitioners in government statistical agencies, the UN, the World Bank and the IMF.

Table of Contents

Contents: Introduction 1. The National Accounts and Capital 2. Integrating Financial-Capital Accounts of Firms into the National Accounts 3. Welfare Considerations in National Accounting 4. Exhaustible Resources 5. Renewable Resources 6. Green National Accounting for an Economy with a Free Access Distortion 7. International Trade 8. Labor, Leisure and Human Capital 9. Technical Change 10. Recapitulation and Questions about Implementation Index

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