The Real Wealth of Nations – Natural Capital and Ecosystem Services
نویسندگان
چکیده
منابع مشابه
Wealth Accounting, Ecological Capital and Ecosystem Services
This paper develops a methodology for including ecosystem services in a wealth accounting framework. Accounting for ecosystems and their services leads to adjusting net domestic product (NDP) for the direct benefits provided by the current stock of ecosystems but not for their indirect contributions in terms of protecting or supporting economic activity, property and human lives. When ecosystem...
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Estelle J. Dominati AgResearch, Grasslands Research Centre, Tennent Drive, Private Bag 11008, Palmerston North 4442, New Zealand ABSTRACT: The concepts of natural capital, ecological infrastructure, and ecosystem services are reviewed for soils and managed landscapes. Translating theoretical frameworks and insights addressing soil functioning into operational models and tools for resource manag...
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We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to vary across countries. Our model can explain differences in schooling and earnings profiles and, consequently, estimates of Mincerian rates of return across countries. We find that effective human capital...
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Work at the interface of ecology and economics has inspired a major transformation in the way people think about the environment. Increasingly, ecosystems are seen as capital assets, with the potential to generate a stream of vital life-support services meriting careful evaluation and investment. We first present the concepts underpinning the ecosystem services framework (ESF), laying out the s...
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Why are some countries richer than others? We suggest in the line of political economy theory that traditional production factors cannot explain the observed differences. Rather, differences in the quality of formal institutions are crucial to economic wealth. However, this type of political economy theory accentuating the role of formal institutions cannot stand on its own. This implies a soci...
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ژورنال
عنوان ژورنال: Scientific Journal of Research & Reviews
سال: 2020
ISSN: 2687-8097
DOI: 10.33552/sjrr.2020.02.000545