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Improved measure of the contribution of cultivated forests to national income and wealth in South Africa

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  • HASSAN, RASHID M.

Abstract

An environmental accounting approach is adopted to adjust current measures of national income and net savings in SA for the value of net accumulation in timber and carbon stocks as well as for the value of water abstraction externality of cultivated forests. Results indicated that the said values missing from current measures of income and capital formation are substantial, amounting to about 0.6 per cent of NNP, on average over the study period. Potential VAD lost to agriculture due to water abstraction by cultivated forests was estimated at R104 million per annum, on average since 1981. This estimate, however, did not account for the social costs associated with potential losses of environmental services from affected ecosystems.

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  • Hassan, Rashid M., 2000. "Improved measure of the contribution of cultivated forests to national income and wealth in South Africa," Environment and Development Economics, Cambridge University Press, vol. 5(1), pages 157-176, February.
    • Handle: RePEc:cup:endeec:v:5:y:2000:i:01:p:157-176_00
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    Cited by:

    1. Giles Atkinson & Haripriya Gundimeda, 2006. "Accounting for India’s Forest Wealth," Development Economics Working Papers 22494, East Asian Bureau of Economic Research.
    2. Ferreira, Susana & Vincent, Jeffrey R, 2005. "Genuine Savings: Leading Indicator of Sustainable Development?," Economic Development and Cultural Change, University of Chicago Press, vol. 53(3), pages 737-754, April.
    3. Atkinson, Giles & Gundimeda, Haripriya, 2006. "Accounting for India's forest wealth," Ecological Economics, Elsevier, vol. 59(4), pages 462-476, October.
    4. Hassan, Rashid & Ngwenya, Phindile, 2006. "Valuing forest services missing from the national accounts: The contribution of cultivated forests to wealth accumulation in Swaziland," Forest Policy and Economics, Elsevier, vol. 9(3), pages 249-260, December.
    5. Eugenio Figueroa B. & Enrique Calfucura T., 2010. "Sustainable development in a natural resource rich economy: the case of Chile in 1985–2004," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(5), pages 647-667, October.
    6. Perrings, Charles, 2014. "Environment and development economics 20 years on," Environment and Development Economics, Cambridge University Press, vol. 19(3), pages 333-366, June.
    7. Grace Nishimwe & Didier Milindi Rugema & Claudine Uwera & Cor Graveland & Jesper Stage & Swaib Munyawera & Gabriel Ngabirame, 2020. "Natural Capital Accounting for Land in Rwanda," Sustainability, MDPI, vol. 12(12), pages 1-25, June.

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