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Theoretical Aspects of Forest Accounting

Author

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  • Vincent, J.R.

Abstract

Many recent empirical studies have focused on national accounting issues related to forest resources, but none has systematically examined the issues from a theoretical perspective. In this paper, I demonstrate that one should adjust the level of GDP upward for household consumption of nonmarket nontimber products and forest amenities. One should not adjust the level of GDP for production externalities, however, which instead imply reallocation of sectoral value added within GDP.

Suggested Citation

  • Vincent, J.R., 1998. "Theoretical Aspects of Forest Accounting," Papers 625, Harvard - Institute for International Development.
    • Handle: RePEc:fth:harvid:625
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    More about this item

    Keywords

    FORESTS ; NATIONAL ACCOUNTS;

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access

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