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Notes on Economic Depreciation of Natural Resource Stocks and National Accounting

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  • John W. Hartwick

Abstract

We consider numerous variations on the theme that stock diminution weighted by marginal rent should be netted from basic NNP to account for economic depreciation of natural stocks. Mineral discoveries, durable exhaustible resources, and mining pollution effects are examined. Capital appreciation from transforming land in virgin forest to land in agriculture is considered. Attention is paid to second best prices.

Suggested Citation

  • John W. Hartwick, 1991. "Notes on Economic Depreciation of Natural Resource Stocks and National Accounting," Working Paper 818, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:818
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    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_818.pdf
    File Function: First version 1991
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    Cited by:

    1. Hartwick, John M., 1993. "National Wealth and NNP and Natural Resources and National Wealth and NNP," Queen's Institute for Economic Research Discussion Papers 275226, Queen's University - Department of Economics.
    2. David Pearce & Giles Atkinson, 1998. "The concept of sustainable development: An evaluation of its usefulness ten years after Brundtland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 134(III), pages 251-269, September.
    3. Mircea SĖ‡veanu, 2014. "Energy and the Economics of Sustainability. The Entropy Paradox," Management of Sustainable Development, Sciendo, vol. 6(1), pages 1-5, August.
    4. Mircea Saveanu, 2014. "Sustainability as a Resource Distribution Constraint," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(2), pages 139-151, April.
    5. J. Hartwick, 1992. "Deforestation and national accounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(5), pages 513-521, September.

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