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Filipino 2040 Environmental Resources, Shocks, and National Well-Being

Author

Listed:
  • J. Roumasset

    (University of Hawaii; Energy Policy and Development Program)

  • M. Ravago

    (University of the Philippines; Energy Policy and Development Program)

  • K. Jandoc

    (University of Hawaii; Energy Policy and Development Program)

  • C. Arellano

    (University of the Philippines; World Bank, Philippines)

Abstract

The contribution of the environmental-resource sector to national well-being is the sum of natural resource depletion and environmental degradation. Inasmuch as existing resource stocks are below efficient levels, better enforcement of existing laws as well as policies that incentivize sustainable use are needed. Similarly, progressive royalty assessment of mineral resources can incentivize exploration without transferring the bulk of resource rents to private interests. In the case of pollution, the key is to face firms with the full costs of their production, e.g. through emission taxes and/or cap and trade systems. Calculating total depletion and degradation (TDD) will facilitate the calculation of green national income (GNI), a more inclusive metric of national well-being. In the same way, simultaneous optimization of disaster management policies in the face of climate change can facilitate a further improvement in national well-being, this time measured as comprehensive national income (CNI).

Suggested Citation

  • J. Roumasset & M. Ravago & K. Jandoc & C. Arellano, 2016. "Filipino 2040 Environmental Resources, Shocks, and National Well-Being," Working Papers 2016-3, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    • Handle: RePEc:hae:wpaper:2016-3
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    File URL: https://uhero.hawaii.edu/wp-content/uploads/2019/08/WP_2016-3.pdf
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    References listed on IDEAS

    as
    1. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Majah-Leah Ravago & James Roumasset, 2016. "The Public Economics of Electricity Policy with Philippine Applications," Working Papers 201613, University of Hawaii at Manoa, Department of Economics.

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    More about this item

    Keywords

    Well-being; risk; natural disaster; scenario-building; Philippines;
    All these keywords.

    JEL classification:

    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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