ABSTRACT

Natural resource accounts (NRAs) are one way to explicitly incorporate environmental and resource information into an accounting framework. Based on the concept of the system of national accounts that monitors monetary flows, the natural resource accounts are designed to measure resource stocks and flows. In this case, the use of NRA is illustrated by data from Botswana. NRAs are composed of three interacting sets of accounts: Stock Accounts, Resource User Accounts, and Socio-Economic Accounts. Since NRAs are data-intensive and expensive to construct, care must be taken to develop accounts that are issue driven and can be integrated with other decision and policy analysis tools.