IntegratedEconomicandEnvironmentalSatelliteAccounts.PDFVIP

April Integrated Economic and Environmental Satellite Accounts The existing systems of national economic accounts—including national income and product accounts, input-output accounts, and balance sheets—are without ques- tion premier tools for analysis and decisionmaking. Since their origins over years ago, they have been refined, extended, and updated to reflect changes in the economy and to respond to changing analytical and policy concerns. Continuing this evolution, this article and its companion “Accounting for Mineral Resources: Issues and ’s Initial Estimates,” beginning on page , present new work by on an accounting framework that covers the interactions of the economy and the environment. To do so, this framework provides new breakdowns that are relevant to the analysis of these interactions and extends the existing accounts’ definition of capital to cover natural and environmental resources. The framework takes the form of a satellite account—an account that supplements, rather than replaces, the existing accounts. This article presents the analytical and economic accounting background for the new work, an overview of the satellite accountin