Title
Is China's Growth Sustainable?
Document Type
Article
Publication Date
1-1-2007
Department
Economics
Abstract
A central pillar of the sustainability movement is the call to include environmental accounting in standard measures of economic performance. This increased transparency would, in principle, mitigate the temptation of economic managers and policy makers to increase growth in material consumption at the expense of the environment. Moreover, as Repetto (1989) and others have argued, deducting depreciation of produced capital from NNP but not deducting depreciation of natural capital is inconsistent and debases NNP as a possible indicator of welfare. Based on the evidence available, it appears that while GNNP is substantially less than NNP, these adjustments do not adversely compromise existing estimates of economic growth for China.
pp.
76
Provider Link
http://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=0931544&site=ehost-live&scope=site
Citation
Roumasset, James A., Kimberly Burnett, and Hua Wang. 2007. "Is China's Growth Sustainable?." : 76