Role and procedures of natural resources accounting (NRA) : an NRA framework for Botswana

Mosigi, Wilson

Role and procedures of natural resources accounting (NRA) : an NRA framework for Botswana

Master Thesis

2000

Publisher

University of Cape Town

Department

School of Economics

Faculty

Faculty of Commerce

Abstract

This paper aims to show the role that NRA can play in environmental and economic accounting, and the procedures that need to be followed when carrying out natural resources accounting. The paper first reviews the SNA and its shortcomings regarding the treatment of the environment and natural capital. This is done by looking at the SNA classification of assets and examining how far environmental attributes are accounted for. Then the paper proposes the use of NRA to correct the deficiencies of the SNA Satellite accounts are suggested for resource based sectors in the Botswana economy, in order to augment national accounts. It is stressed that economic growth is only correctly reflected if the accounting prices used reflect full opportunity costs i.e. correct for externalities.

Description

Bibliography: leaves 53-56.

Keywords

Economics

Reference:

Collections

Masters

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