On the correction of national income for environmental losses

Article type: Research Article

Authors: Hueting, Roefie | Bosch, Peter

Affiliations: Central Bureau of Statistics, Environmental Statistics Department, P.O. Box 959, 2270 AZ Voorburg, Netherlands

Abstract: Calculating an adjustment to national income for environmental losses requires shadow prices for environmental functions. In most cases these cannot be obtained because of the impossibility of translating the intensity of individual preferences for the environment into market terms. In this article an alternative approximation is proposed that comes down to a calculation based on physical standards for sustainable use of the environment.

DOI: 10.3233/SJU-1990-7201

Journal: Statistical Journal of the United Nations Economic Commission for Europe, vol. 7, no. 2, pp. 75-83, 1990