Publication Type : Conference Paper
Publisher : Accounting from a Cross-Cultural Perspective.
Source : Accounting from a Cross-Cultural Perspective, 2018
Url : https://www.intechopen.com/books/accounting-from-a-cross-cultural-perspective/accounting-and-measuring-well-being
Keywords : Genuine savings, human skill capital, natural capital, Sustainable development, wealth welfare .
Campus : Amritapuri
School : School of Economics
Center : Amrita Center for Economics & Governance (ACEG)
Department : Economics & Governance
Year : 2018
Abstract : The recent literature on the measurement of sustainable income has developed in two important ways for accounting of contribution of natural resource stocks. One set of studies directly addresses the problem of measuring genuine savings or extended wealth formation including changes in human resource capital and natural capital. The second set of studies uses the extended conventional national income accounting methods for accounting of changes in natural resource stocks and environmental extensions of input-output tables. This chapter describes the methodology of measuring genuine savings for a country and reviews the estimates available for different countries. It also suggests a way forward for measuring genuine saving for India.
Cite this Research Publication : Maddipati Narsimha Murty, “Accounting and Measuring Well-being”, in Accounting from a Cross-Cultural Perspective, 2018