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Submitted January 25, 2024
Published 2024-01-25

Artículos

Vol. 2 No. 1 (2024): CPA PANAMÁ

ACCOUNTING, BIOCAPACITY, ECOLOGICAL FOOTPRINT AND GDP IN PANAMA


DOI https://doi.org/10.48204/2953-3147.4702

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References
DOI: 10.48204/2953-3147.4702

Published: 2024-01-25

How to Cite

Palacios Copete , M. J. (2024). ACCOUNTING, BIOCAPACITY, ECOLOGICAL FOOTPRINT AND GDP IN PANAMA. CPA PANAMÁ, 2(1), 10–30. https://doi.org/10.48204/2953-3147.4702

Abstract

The research describes social welfare and sustainability indicators for environmental conservation management from a national accounts perspective. Therefore, financial accounting that models measurable values is recognized.  This allows us to arrive at the Gross Domestic Product indicator as, the one that measures the relationship of economic growth as a function of the base year and the subsequent years. Positive value if it exceeds or is greater than the base year. It is an investment manifesto for investors and public administration. National accounts with non-monetary measures should recognized the relationship between the ecological footprint and biocapacity in order to report how economic investment activities affect the environment. The former is a product of human activity and the latter is the biological absorption capacity of the ecosystem to absorb greenhouse gases. These indicators lead to the  conclusion that Panama's economic prosperity will increase between 1965 and 2022, ranking 60th in 2012 and 75th in 2022 amoung the 196 countries that publish GDP. Over the same period, however, Panama´s biocapacity has decreased by 74 per cent and its ecological footprint has increased by 4 per cent. This implies the development of policies to ensure that investments are developed with environmentally  friendly policies  that  allows the  sustainability of the biological ecosystem planet and achieve of sustainable development.

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