search query: @author Johansson, P. / total: 7
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| Author: | Johansson, P. Lofgren, K. |
| Title: | On the interpretation of "green" NNP measures as cost-benefit rules |
| Journal: | Environmental and Resource Economics
1996 : APR, VOL. 7:3, p. 243-250 |
| Index terms: | ENVIRONMENTAL ECONOMICS COST BENEFIT ANALYSIS NATIONAL INCOME |
| Language: | eng |
| Abstract: | In this paper the authors consider the possibility of using "green" welfare change measures as the basis for cost-benefit analysis of new projects. Such green welfare change measures look very similar to what one would expect a cost-benefit analysis of the entire economy to look like. It is shown that although green welfare measures contain the shadow prices needed in the evaluation of a small new project, one must account for changes in these prices. In recent years a great deal of research has been devoted to extending the conventional net national product measure a so as to cover the degradation of natural resources and the environment. |
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