Munich Personal RePEc Archive

Green net national product for the sustainability and social welfare

Mohajan, Haradhan (2010): Green net national product for the sustainability and social welfare. Published in: International Journal of Development Research and Quantitative Technologies , Vol. 1, No. 2 (31. December 2011): pp. 43-55.

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Abstract

This paper discusses the theory of green national accounting and, emphasizes on social welfare and sustainable accounting. Weitzman provides a foundation for net national product as the stationary equivalent of a wealth maximizing path when there is a constant interest rate and no exogenous technological progress. An attempt has been taken here to make the relationship with different incomes and green net national product, under no exogenous technological progress and a constant utility discount rate. The paper shows that green net national product measures the gross social profit rather than net social profit.

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