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Economic Depreciation of Natural Resources in Asia and Implications for Net Savings and Long-Run Consumption

Author

Listed:
  • Vincent, J.
  • Casteneda, B.

Abstract

Rents from extracting natural resources (minerals and roundwood) were equivalent to a fifth or more of gross domestic savings in at least one year during 1970-92 in nearly all countries in a sample of fourteen from Asia. This was the case even in China and India, which are not usually thought of as being resource-rich. On a per capita basis, rents were larger in most countries in 1992 than in 1970; relative to GDP, they rose in most South Asia countries, including India.

Suggested Citation

  • Vincent, J. & Casteneda, B., 1997. "Economic Depreciation of Natural Resources in Asia and Implications for Net Savings and Long-Run Consumption," Papers 614, Harvard - Institute for International Development.
    • Handle: RePEc:fth:harvid:614
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    Cited by:

    1. Youmanli Ouoba, 2023. "Testing the necessary conditions for sustainability in the mining sector in Burkina Faso," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(1), pages 1-12, January.
    2. Harris, Michael & Fraser, Iain, 2002. "Natural resource accounting in theory and practice: A critical assessment," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(2), pages 1-54.
    3. Kumar, Surender, 2008. "Is India on a Sustainable Development Path?," MPRA Paper 10086, University Library of Munich, Germany.
    4. Purnamita Dasgupta & Shikha Gupta, 2008. "Measuring Sustainability with Macroeconomic Data for India," Macroeconomics Working Papers 22149, East Asian Bureau of Economic Research.
    5. Purnamita Dasgupta, 2008. "Measuring Sustainability with Macroeconomic Data for India," Working Papers id:1574, eSocialSciences.
    6. Alisjahbana, Armida & Yusuf, Arief Anshory, 2003. "Assessing Indonesia's sustainable development: long-run trend, impact of the crisis, and adjustment during the recovery period," MPRA Paper 1736, University Library of Munich, Germany.

    More about this item

    Keywords

    ASIA ; AGRICULTURE ; NATURAL RESOURCES ; PRODUCTION ; SAVINGS ; NATIONAL INCOME;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry

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