Construct · 1 fields · 1 citations

green net national product: a standalone construct

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Environmental economics

net national product that includes the value of changes in natural capital, shown to be proportional to the present value of future consumption.

In environmental economics, green net national product refers to net national product that includes the value of changes in natural capital, shown to be proportional to the present value of future consumption. This meaning comes from Weitzman (1976) in The Quarterly Journal of Economics.[1]

Unit
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Nearby constructs

capital2 fields · 3 citationsjingle · one word, two constructs consumption3 fields · 5 citationsjingle · one word, three constructs discount3 fields · 4 citationsjingle · one word, three constructs

References

Weitzman, M. L. (1976). On the Welfare Significance of National Product in a Dynamic Economy. The Quarterly Journal of Economics, 90(1), 156. https://doi.org/10.2307/1886092

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