<tideeAbstracts><tideeAbs><RefNo>457</RefNo><PublishYear>2002</PublishYear><Contributors>Cairns RD</Contributors><Affiliation>Department of Economics,<break />McGill University, 855 Shebrooke St. W, Montreal, Canada H3A 2T7<break /><<email>rcairns@leacock.lan.mcgill.ca</email>></Affiliation><Source><italic>Environment and Development Economics</italic><bold>7</bold>(2):207–214</Source><Title>Green accounting using imperfect, current prices

TERI

TERI Information Digest on Energy and Environment

0972-6721

The Energy and Resources Institute

tidee-1-2-050

ABSTRACTS OF DISSERTATIONS OR ARTICLES

Natural resources

62002

12357357

<tideeAbstracts><tideeAbs><RefNo>457</RefNo><PublishYear>2002</PublishYear><Contributors>Cairns RD</Contributors><Affiliation>Department of Economics,<break />McGill University, 855 Shebrooke St. W, Montreal, Canada H3A 2T7<break /><<email>rcairns@leacock.lan.mcgill.ca</email>></Affiliation><Source><italic>Environment and Development Economics</italic><bold>7</bold>(2):207–214</Source><Title>Green accounting using imperfect, current pricesThe natural resources and the environment are not optimally managed, especially in the developing countries. Even so, it is possible for green accounts based on current prices to measure the realized contributions of the environment to net product. The prices for use in the green accounts, however, are not necessarily shadow prices as would be recommended by cost-benefit analysis: in practice, green or comprehensive net national product is an approximation of an index of welfare. The fact that a linearization of generalized national income is used implies that disaggregated, partial-equilibrium models of resources are useful.(12 references)