At the same time, the NRC committee made clear its view
that this more rounded picture should take the form of periodic
“satellite” accounts rather than being commingled with the GDP
accounts, as presently calculated. Especially for shorter-term
policy guidance, the existing GDP account structure must remain
the system of choice. Perhaps in time, some components of
resource and environmental accounts can be so integrated, just
as—following a period of lengthy analysis and vetting price
indices have been modified to reflect emerging trends and new
insights into technological change and new product development.
t. But even under the best of circumstances, it is unrealistic
to suppoose that the existing annual time-series measures of
ecnomic performance can ever be augmented to track resource
and environmental trends with the same frequency.The NRC
committee states its views quite unambiguously
At the same time, the NRC committee made clear its view
that this more rounded picture should take the form of periodic
“satellite” accounts rather than being commingled with the GDP
accounts, as presently calculated. Especially for shorter-term
policy guidance, the existing GDP account structure must remain
the system of choice. Perhaps in time, some components of
resource and environmental accounts can be so integrated, just
as—following a period of lengthy analysis and vetting price
indices have been modified to reflect emerging trends and new
insights into technological change and new product development.
t. But even under the best of circumstances, it is unrealistic
to suppoose that the existing annual time-series measures of
ecnomic performance can ever be augmented to track resource
and environmental trends with the same frequency.The NRC
committee states its views quite unambiguously
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