tailieunhanh - Green National Accounts: Policy Uses and Empirical Experience

The next section discusses contractual use of accounting earnings and implications for the inclusion of cash flow forecasts in earnings and the relative abilities of earnings and cash flows to forecast future earnings. Section 3 models operating cash flows and the accounting process by which operating cash flow forecasts are incorporated in earnings. Using observed point estimates of such parameters as average profit on sales, section 3 generates predictions for the relative abilities of earnings and operating cash flows to predict future operating cash flows and for the average time series properties of operating cash flows, accruals and earnings. Section. | ENVIRONMENT DEPARTMENT PAPERS PAPER NO. 039 SW TOWARD ENVIRONMENTALLY AND SOCIALLY SUSTAINABLE DEVELOPMENT ENVIRONMENTAL ECONOMICS SERIES Green National Accounts Policy Uses and Empirical Experience Kirk Hamilton Ernst Lutz July 1996 Environmentally Sustainable Development The World Bank LSD Pollution and Environmental Economics Division Green National Accounts Policy Uses and Empirical Experience Kirk Hamilton Ernst Lutz July 1996 Papers in this series are not formal publications of the World Bank. They are circulated to encourage thought and discussion. The use and citation of this paper should take this into account. The views expressed are those of the authors and should not be attributed to the World Bank. Contents Acknowledgments 1. Introduction 1 2. Background on National Accounting and the SEEA 4 3. Policy Uses of Resource and Environmental Accounts 6 4. Experience with Resource and Environmental Accounting 17 5. Conclusions 41 References 43 Box Figures and Tables Box Boxl The Wealth of Nations 11 Figures Figure 1 Pakistan - Investment and Saving 8 Figure 2 Shares of National Wealth 11 Tables Table 1 Costa Rica 21 Table 2 Indonesia 24 Table 3 Japan 26 Tabled Mexico 27 Table 5 United States 38 Environmental Economics .