This is a progress update on WAVES's efforts to establish a range of tools to start redressing Madagascar's lack of analyses for the integration of natural capital economic values in the policy framework.
Country Report (13p) ,
Author(s): WAVES ,
The System of National Accounts wealth accounts are incomplete, with the most obvious omission being human capital. This Policy Research Working Paper examines the residual intangible wealth that is arguably the “stock equivalent” of total factor productivity—the value of assets such as institutional
quality and social capital that augment the capacity of produced, natural and human capital to support a stream of consumption into the future.
The System of Environmental-Economic Accounting (SEEA) Experimental Ecosystem Accounting is an integrated statistical framework for organising biophysical data, measuring ecosystem services, tracking changes in ecosystem assets and linking this information to economic and other human activity.
Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-led global partnership that aims to promote sustainable development by ensuring that natural resources are mainstreamed in development planning and national economic accounts.