The Greening of National Accounts: The Role of Ideas in a Theory of Institutional Change
Posted: 3 Jun 1998
Date Written: 1997
Recent incremental changes to the United Nations' System of National Accounts (SNA) are used in this paper to explore the theory of institutional change from the New Institutional Economics perspective. The SNA is subject to strong forces of inertia given the embeddedness of the accounts in information systems, the high cost of achieving the consensus required for change and the low payoff to individual political entrepreneurs and interest groups who might work toward change. But ideas and feedback between ideas, learning, acceptance, consensus, and demand for change have figured prominentaly as forces of institutional change for "greener" national accounts.
JEL Classification: H5, H87, O11
Suggested Citation: Suggested Citation