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A technique that attempts to answer the question: What level of GDP could be achieved if producers and consumers faced a different set of relative prices in the economy due to the existence of actual prices for environmental functions?.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank, 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 2.178.

Statistical Theme: Environmental statistics

Created on Tuesday, July 5, 2005