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National Accounting For Non‐Renewable Natural Resources In The Mining Industries

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  • J. Steven Landefeld
  • James R. Hines

Abstract

This paper discusses alternatives to current national accounting procedures for non‐renewable natural resources in the mining industries. Three alternative approaches to valuing the discovery and use of these resources are compared and alternative estimates for U.S. oil and gas for the period 1948‐79 are presented. The focus is on the conceptual and empirical difficulties associated with valuing non‐renewable natural resources.

Suggested Citation

  • J. Steven Landefeld & James R. Hines, 1985. "National Accounting For Non‐Renewable Natural Resources In The Mining Industries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 31(1), pages 1-20, March.
    • Handle: RePEc:bla:revinw:v:31:y:1985:i:1:p:1-20
    DOI: 10.1111/j.1475-4991.1985.tb00495.x
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    Cited by:

    1. Young, Carlos Eduardo Frickmann & da Motta, Ronaldo Seroa, 1995. "Measuring sustainable income from mineral extraction in Brazil," Resources Policy, Elsevier, vol. 21(2), pages 113-125, June.
    2. Shzee Tai & Kusairi Noh & Nik Abdullah, 2000. "Valuing Fisheries Depreciation in Natural Resource Accounting: The Pelagic Fisheries in Northeast Peninsular Malaysia," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 15(3), pages 227-241, March.
    3. Roger S. Smith, 1992. "Income Growth, Government Spending, and Wasting Assets - Alberta's Oil and Gas," Canadian Public Policy, University of Toronto Press, vol. 18(4), pages 387-412, December.
    4. John M. Clapp & Jeffrey P. Cohen & Thies Lindenthal, 2023. "Are Estimates of Rapid Growth in Urban Land Values an Artifact of the Land Residual Model?," The Journal of Real Estate Finance and Economics, Springer, vol. 66(2), pages 373-421, February.
    5. Depta, Peter & Ravalli, Frank & Harding, Don, 1994. "Extended Measures of Investment and Saving," MPRA Paper 3319, University Library of Munich, Germany.
    6. Haripriya Gundimeda, 2006. "The Value of Timber, Carbon, Fuelwood,and Non-Timber Forest Products in India's Forests," Working Papers id:516, eSocialSciences.
    7. Yoshifusa Kitabatake, 1998. "Environmental resource accounting frameworks for the public domain and public trust managements," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 1(1), pages 69-93, June.
    8. Santopietro, George D., 1998. "Alternative methods for estimating resource rent and depletion cost: the case of Argentina's YPF," Resources Policy, Elsevier, vol. 24(1), pages 39-48, March.
    9. Butterfield, David W., 2003. "Resource depletion under uncertainty: implications for mine depreciation, Hartwick's Rule and national accounting," Resource and Energy Economics, Elsevier, vol. 25(3), pages 219-238, August.
    10. A.R. Kemal & Faiz Bilquees & Zafar Mahmood, 1995. "National Income Accounting and Environment: A Case Study of Waterlogging and Salinity in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 34(4), pages 581-590.
    11. Susan L. Sakmar & Mathis Wackernagel & Alessandro Galli & David Moore, 2011. "Sustainable Development and Environmental Challenges in The MENA Region: Accounting for The Environment In The 21st Century," Working Papers 592, Economic Research Forum, revised 06 Jan 2011.

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