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Agriculture, Natural Resources and Environmental Accounting

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  • James Hrubovcak
  • Michael LeBlanc
  • B. Eakin

Abstract

In this paper, we develop atheoretically consistent framework to incorporate theenvironmental effects of agricultural production andthe depletion of natural capital caused byagricultural production into the existing incomeaccounts. We apply the framework and adjust theincome attributed to the agricultural sector andeconomy-wide net national product (NNP) for the UnitedStates. Estimated adjustments to the incomeattributed to agriculture are in the range of $4billion and have declined as a percentage of net farmincome since 1982. Copyright Kluwer Academic Publishers 2000

Suggested Citation

  • James Hrubovcak & Michael LeBlanc & B. Eakin, 2000. "Agriculture, Natural Resources and Environmental Accounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(2), pages 145-162, October.
    • Handle: RePEc:kap:enreec:v:17:y:2000:i:2:p:145-162
    DOI: 10.1023/A:1008392511721
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    References listed on IDEAS

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    1. Hartwick, John M., 1990. "Natural resources, national accounting and economic depreciation," Journal of Public Economics, Elsevier, vol. 43(3), pages 291-304, December.
    2. Miranowski, John & Hammes, B., 1984. "Implicit Prices of Soil Characteristics for Farmland in Iowa," Staff General Research Papers Archive 10706, Iowa State University, Department of Economics.
    3. Raymond B. Palmquist & Leon E. Danielson, 1989. "A Hedonic Study of the Effects of Erosion Control and Drainage on Farmland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 55-62.
    4. Karl-Göran Mäler, 1991. "National accounts and environmental resources," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 1(1), pages 1-15, March.
    5. Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
    6. Aillery, Marcel P., 1995. "Federal Commodity Programs and Returns to Irrigation in the West," Staff Reports 278778, United States Department of Agriculture, Economic Research Service.
    7. Solow, Robert, 1993. "An almost practical step toward sustainability," Resources Policy, Elsevier, vol. 19(3), pages 162-172, September.
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    Cited by:

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    2. Jin, Di & Hoagland, Porter & Morin Dalton, Tracey, 2003. "Linking economic and ecological models for a marine ecosystem," Ecological Economics, Elsevier, vol. 46(3), pages 367-385, October.

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