Extensions of the sna-type systems, Public Economics

Assignment Help:

Extensions of the SNA-type Systems

The fourth group builds upon the existing SNA and covers all the sectors that interact with the environment rather than focusing on just one element of the conventional accounts such as depreciation or pollution expenditure accounting. Examples of such an approach are the United Nations Satellite System of Integrated Environmental and Economic Accounting (SEEA) and Environmental and Natural Resource Accounting Framework (ENRAP) (also referred to as Peskin framework).

Both the approaches require sector-specific information on the use of environmental assets, and are concerned with the management and score-keeping functions of accounting. But the principal difference between these two lies in the extent of their adherence to SNA concepts. SEEA appears much more concerned with adherence to the principle of SNA than to economic theory. The ENRAP framework, on the other hand, stresses more on the consistency with economic d theory than with the SNA (Peskin, 1998).

The SEEA attempts to overcome the limitations of the SNA by reclassifying the elements in other volume changes so as to include them in the calculation of NDP. In the absence of international consensus on how to incorporate environmental assets and the costs and benefits of their use into national accounts, the United Nations Statistical Division approved the "satellite" System of Integrated Environmental and Economic Accounting framework rather than modifying the core SNA itself. The satellite system becomes a link between the SNA and the accounts describing the natural environment. The main success of SEEA is because of its close integration with the SNA and also due to its ability to address various flaws of conventional national accounts by means of alternative versions or modules. The building block approach allows SEEA users to choose among different approaches according to their priorities and statistical capabilities.


Related Discussions:- Extensions of the sna-type systems

Public speaking, which fallacies best diiscribe this statement The restaura...

which fallacies best diiscribe this statement The restaurant in new is either buddy''s bistro or Clyde emporium

Journal of liberalism, how to make summarize the basic tenets of the argume...

how to make summarize the basic tenets of the arguments in the case of Mark Davis 2010 of journal of liberty?

Samuelson condition, U=4X+G where X is private spending and G is public spe...

U=4X+G where X is private spending and G is public spending. what is the marginal rate of substitution between public and private

What is rational policy, Question 1: " Public policy gives one a better...

Question 1: " Public policy gives one a better understanding of what governments do, why they do what they do and what difference public policy makes to the lives and circumst

Tiebout Model, ‘…Policies that promote residential mobility and increase th...

‘…Policies that promote residential mobility and increase the knowledge of the consumer-voter will improve the allocation of government expenditures in the same sense that mobility

Describe the public economics, Public Economics can broadly be understood a...

Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public interventio

#title.public debt.., what is public debt. ? give complate information on p...

what is public debt. ? give complate information on public debt. ?

Importance of elasticities of demand and supply, QUESTION 1: Assuming t...

QUESTION 1: Assuming that you are a consultant on the ‘Light Rail' project and you are asked to forecast demand for this mode of transport. What are the forecasting techniq

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd