Natural resources, national accounting and economic depreciation

Natural Resources and Economic Growth

This paper develops a one-sector endogenous growth model in which renewable natural resources are postulated as both a factor of production and as a measure of environmental quality. We show that sustained economic growth and a non-deteriorating environment can coexist along the economy’s balanced growth path. Moreover, the output growth rate is positively related to the steady-state level of n...

New Directions in National Economic Accounting By

Account for depreciation of natural capital Economic indicators that do not include depletion and degradation of natural resources and ecosystems are misleading, warns

For the past year academics and policy makers have been discussing Thomas Piketty’s economics bestseller, Capital in the Twenty-First Century. It documents the considerable rise over the past 40 years in national wealth relative to national income in the eight richest economies – the United States, Japan, Germany, France, the United Kingdom, Italy, Canada and Australia. For each of these countr...

Tourism And Natural Resources

Constant Consumption and the Economic Depreciation of Natural Capital : The Non-Autonomous Case

Ce document est publié dans l'intention de rendre accessibles les résultats préliminaires de la recherche effectuée au CIRANO, afin de susciter des échanges et des suggestions. Les idées et les opinions émises sont sous l'unique responsabilité des auteurs, et ne représentent pas nécessairement les positions du CIRANO ou de ses partenaires. This paper presents preliminary research carried out at...