IDEAS home Printed from https://ideas.repec.org/a/vrs/gosmin/v31y2015i4p5-20n2.html
   My bibliography  Save this article

The basic problems of mineral resources valuation methodologies within the framework of System of Integrated Environmental and Economic Accounts

Author

Listed:
  • Galos Krzysztof

    (Professor, The Mineral and Energy Economy Research Institute of the Polish Academy of Sciences, Krakow, Poland)

  • Nieć Marek

    (Professor, The Mineral and Energy Economy Research Institute of the Polish Academy of Sciences, Krakow, Poland)

  • Saługa Piotr W.

    (Professor, AGH University of Science and Technology, Krakow, Poland)

  • Uberman Robert

    (Ph.D., Andrzej Frycz Modrzewski Krakow University, Krakow, Poland)

Abstract

Growing awareness of limits set by exhaustibility of natural resources has led to a conclusion that only through their valuation in monetary terms one may assess a comprehensive economic impact of their use. Thus mineral resources have been included from the beginning to almost all studies regarding natural resources assessments. The first result, widely recognized by international community, of researches came in the 1993 – edition of the “Handbook of National Accounting: Integrated Environmental and Economic Accounting”. One of the key outcomes of these works was a conclusion that measuring value of mineral resources for mineral raw materials production, alongside with physical flows of these materials, environment related transactions and measuring impact of the economy on the environment, should make basic pillars of this newly designed system, later named as the System of Integrated Environmental and Economic Accounts (SEEA). As implementation of SEEA is still in a primary stage, many methodological issues remain unsolved. This article attempts to enumerate achievements made so far and indicate issues in need for further development.

Suggested Citation

  • Galos Krzysztof & Nieć Marek & Saługa Piotr W. & Uberman Robert, 2015. "The basic problems of mineral resources valuation methodologies within the framework of System of Integrated Environmental and Economic Accounts," Gospodarka Surowcami Mineralnymi / Mineral Resources Management, Sciendo, vol. 31(4), pages 5-20, December.
    • Handle: RePEc:vrs:gosmin:v:31:y:2015:i:4:p:5-20:n:2
    DOI: 10.1515/gospo-2015-0034
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/gospo-2015-0034
    Download Restriction: no
    File URL: https://libkey.io/10.1515/gospo-2015-0034?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Pindyck, Robert S, 1978. "The Optimal Exploration and Production of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 841-861, October.
    2. Njowa, G. & Clay, A.N. & Musingwini, C., 2014. "A perspective on global harmonisation of major national mineral asset valuation codes," Resources Policy, Elsevier, vol. 39(C), pages 1-14.
    3. William D. Nordhaus, 1973. "The Allocation of Energy Resources," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(3), pages 529-576.
    4. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
    5. Partha Dasgupta & Geoffrey Heal, 1974. "The Optimal Depletion of Exhaustible Resources," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(5), pages 3-28.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gregory Casey, 2024. "Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(1), pages 192-228.
    2. Bai, Yiyi & Okullo, Samuel J., 2018. "Understanding oil scarcity through drilling activity," Energy Economics, Elsevier, vol. 69(C), pages 261-269.
    3. Daniele Schilirò, 2019. "Sustainability, Innovation, and Efficiency: A Key Relationship," Palgrave Studies in Impact Finance, in: Magdalena Ziolo & Bruno S. Sergi (ed.), Financing Sustainable Development, chapter 0, pages 83-102, Palgrave Macmillan.
    4. Dorothée Charlier & Florian Fizaine, 2020. "Does Becoming Richer Lead to a Reduction in Natural Resource Consumption? An Empirical Refutation of the Kuznets Material Curve," Working Papers 2020.05, FAERE - French Association of Environmental and Resource Economists.
    5. Mircea Sˇveanu, 2014. "Energy and the Economics of Sustainability. The Entropy Paradox," Management of Sustainable Development, Sciendo, vol. 6(1), pages 1-5, August.
    6. Roger Fouquet, 2012. "Economics of Energy and Climate Change: Origins, Developments and Growth," Working Papers 2012-08, BC3.
    7. Tjalling C. Koopmans, 1980. "The Transition from Exhaustible to Renewable or Inexhaustible Resources," International Economic Association Series, in: Christopher Bliss & M. Boserup (ed.), Economic Growth and Resources, chapter 1, pages 3-11, Palgrave Macmillan.
    8. Roger H. Dunstan & Ronald H. Schmidt, 1984. "Transportation technologies and the optimal depletion of West Coast oil reserves," Working Papers 8406, Federal Reserve Bank of Dallas.
    9. Edward B. Barbier & Joanne C. Burgess, 2021. "Sustainable Use of the Environment, Planetary Boundaries and Market Power," Sustainability, MDPI, vol. 13(2), pages 1-19, January.
    10. Antonio RIBBA, 2010. "Sources of Unemployment Fluctuations in the USA and in the Euro Area in the Last Decade," EcoMod2010 259600141, EcoMod.
    11. John T. Cuddington & Diana L. Moss, 2001. "Technological Change, Depletion, and the U.S. Petroleum Industry," American Economic Review, American Economic Association, vol. 91(4), pages 1135-1148, September.
    12. Kharitonova, M. & Mikhailov, A. & Matsko, N., 2013. "Influence of the time factor on the availability of deposits of nonferrous metals," Resources Policy, Elsevier, vol. 38(4), pages 490-495.
    13. Sweeney, James L., 1993. "Economic theory of depletable resources: An introduction," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 17, pages 759-854, Elsevier.
    14. Ronald H. Schmidt, 1988. "Hotelling's rule repealed? An examination of exhaustible resource pricing," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 41-54.
    15. Gerlagh, Reyer & Liski, Matti, 2008. "Strategic Resource Dependence," Economic Theory and Applications Working Papers 44222, Fondazione Eni Enrico Mattei (FEEM).
    16. Beatrix Gaitan & Terry Roe, 2012. "International Trade, Exhaustible-Resource Abundance and Economic Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 72-93, January.
    17. Emma Hooper, 2015. "Sustainable Growth and Financial Markets in a Natural Resource Rich Country," Working Papers halshs-01119420, HAL.
    18. Johannes Pfeiffer, 2017. "Fossil Resources and Climate Change – The Green Paradox and Resource Market Power Revisited in General Equilibrium," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 77.
    19. Alexandre Stamford da Silva & Fernando Campello de Souza, 2008. "The economics of water resources for the generation of electricity and other uses," Annals of Operations Research, Springer, vol. 164(1), pages 41-61, November.
    20. Hassler, J. & Krusell, P. & Smith, A.A., 2016. "Environmental Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1893-2008, Elsevier.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:gosmin:v:31:y:2015:i:4:p:5-20:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.