Monday, September 21, 2020

[BBL] Natural Capital: from Social to Circular Accounting | Tuesday, April 3 | 12:30-2:00 PM | MC 9-500


The BBL will discuss the problem of social accounting of natural resources, focusing on natural capital and the “circularity” of the economic process. By re-examining the welfare economic foundations of social accounting through the lenses of neoclassical growth and the Leontiev-Stone Sam accounts, a possible integration of these two systems will be discussed at both the macroeconomic and sector levels. A method will be presented to measure stocks and flows for capital accounting and to estimate appropriate shadow prices for the different components of investment in natural capital, with and without a sector of “circular” capital recovery activities. An empirical application to Kenya and social accounting for water will also be presented.


Dan Biller (Sector Manager, MIGEC)


Shanta Devarajan (Senior Director for Development Economics)

Raffaello Cervigni (Lead Environmental Economist)

Glenn-Marie Lange (Senior Environmental Economist)


Pasquale L. Scandizzo. Professor. University of Rome “Tor Vergata”. Pasquale L. Scandizzo holds a Ph.D. from the University of California, Berkeley and is presently Professor of Political Economy, Fellow of the Center for Economic and International Studies, Senior Fellow and Board Member of the Economics Foundation at the University of Rome “Tor Vergata”. He is also President of the Italian Association of Development Economists and President of OpenEconomics, a university spin-off focusing on project evaluation and economic development. His former institutional positions include the Chair of the Center for Economic International Studies, the Governing Board of the Italian Institute of Statistics, the Italian Institute for Economic Planning (President), the National Planning Board, the Parliamentary Budget Committee (Senior Adviser), and the World Bank (Senior Economist).



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