There is as yet no consensus on the most appropriate way to incorporate the degradation of environmental capital into national income accounting procedure. Net product is currently derived by deducting from gross product the depreciation of man-made capital only. Deducting depreciation of...

There is no widely accepted definition of a small state. Most previous definitions have been based upon arbitrarily chosen cut-off values of selected criteria. The present study attempts to categorize the size of 190 states according to population, land area and total income. An initial...