Concept of ,,green” land accounting within the context of the state-of-the-art rent theory
Year: 2014
Type: article
Abstract: Growing interest of the global community to environmental imperative of sustainable development \nposes a problem of recording the systemic interrelation between natural environment \nresources and economic results both at the macrolevel within the system of national \naccounts, and at the microe-conomics level – within the accounting system of an individual \norganisation. However, at the mo-ment there is no accounting of the impact of \nseparate organisations on land resources used in eco-nomic activity and natural capital of \nthe whole country based on environmental and anti-environmental land rent. The article \noffers a concept of ,,green” land accounting in the context of the state-of-the-art rent theory \nwithin the framework of which the following is substantiated: the methodological principle \nof direct dependence of an organization’s equity on its contribution to re-production \nof a country’s natural capital as a part of its national wealth; the essence of environmen-tal \nand anti-environmental land rent as objects of accounting; the necessity to apply the dynamic \ntheory of balances provisions for land accounting; the method for determining, accounting \nand re-porting of environmental and anti-environmental land rent. The proposed \nsystem ensures creation of an information base for rational and inexhaustible land use management \nof an organisation meeting the requirements of sustainable development.
Author: Светлана Григорьевна Вегера
Institution: Euphrosyne Polotskaya State University
Language: English
Subfield: Management, Monitoring, Policy and Law
Field: Environmental Science
Domain: Physical Sciences
SDG: Life on land
Open Access status: green
OpenAlex ID: W2167204697