Abstract
This chapter addresses a difficult, important, and long-standing problem in national income accounting: How do we capture the welfare contributions of nonmarket, public environmental goods?1 As I argue here, the key to this endeavor is the construction of a welfare-significant ecological quantity index (WSEQI). Quantity indexes and their price index counterparts are the core of any national income or product account (NIPA).
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Boyd, J. (2010). Counting Nonmarket, Ecological Public Goods: The Elements of a Welfare-Significant Ecological Quantity Index. In: Heal, G. (eds) Is Economic Growth Sustainable?. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230274280_6
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DOI: https://doi.org/10.1057/9780230274280_6
Publisher Name: Palgrave Macmillan, London
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