Pezzey, John C V; Withagen, Cees A - In: Scandinavian Journal of Economics 100 (1998) 2, pp. 513-27
In debates about green accounting it is sometimes argued that a positive value of aggregate investments indicates that an economy is developing sustainably. Asheim (1994) and Pezzey (1994) have shown that this is wrong, using a version of the well-known Dasgupta-Heal economy (with one capital...