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| Author: | Hartwick, J. M. |
| Title: | National accounting with natural and other types of capital |
| Journal: | Environmental and Resource Economics
2001 : AUG, VOL. 19:4, p. 329-341 |
| Index terms: | Environmental economics National accounting Natural resources |
| Language: | eng |
| Abstract: | The author presents an accounting system for dynamic economies which incorporates zero profit intertemporal arbitrage relations (Euler equations) on the same basis as static zero profit conditions for producers. Depreciation terms appear on the product or expenditure side. The author considers renewable natural capital as well as nonrenable of both durable and non-durable types. |
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