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Natural-Resource Accounting in the Land-Use Sector: Theory and Practice

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  • Adger, W Neil
  • Whitby, Martin C

Abstract

Traditional measures of aggregate income do not accurately reflect welfare in an economy. In particular aggregate income fails to account for changes in marketed and non-marketed natural capital and its impact on economic welfare. If natural capital is theoretically equivalent to reproducible capital, then depreciation of the resource base should be deducted from net product as presently estimated. Revision of land use sector accounts for Great Britain is undertaken for carbon fixing potential of land use and the impact of other pollutants and the non-marketed aspects of land use. Copyright 1993 by Oxford University Press.

Suggested Citation

  • Adger, W Neil & Whitby, Martin C, 1993. "Natural-Resource Accounting in the Land-Use Sector: Theory and Practice," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 20(1), pages 77-97.
    • Handle: RePEc:oup:erevae:v:20:y:1993:i:1:p:77-97
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    Cited by:

    1. Silvia Teizzi, 1999. "External Effects of Agricultural Production in Italy and Environmental Accounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(4), pages 459-472, June.
    2. Julie Whittaker, 1997. "Natural And Reproducible Capital And The Sustainability Of Land Use In The Uk: A Comment," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 451-453, January.
    3. Martin Whitby & W. Neil Adger, 1996. "Natural And Reproducible Capital And The Sustainability Of Land Use In The Uk," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1‐4), pages 50-65, January.
    4. Schläpfer, F. & Mann, S., 2013. "Eine erweiterte Gesamtrechnung der multifunktionalen Schweizer Landwirtschaft," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
    5. Franceschetti, Giorgio & Pettenella, Davide, 1996. "ENVIRONMENTAL ACCOUNTING OF FOREST RESOURCES: TWO ITALIAN CASE STUDIES: Proceedings of the Fifth Joint Conference on Agriculture, Food, and the Environment, June 17-18, 1996, Padova, Italy," Working Papers 14366, University of Minnesota, Center for International Food and Agricultural Policy.

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