Theoretical Aspects of Forest Accounting
AbstractMany 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.
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Bibliographic InfoPaper provided by Harvard - Institute for International Development in its series Papers with number 625.
Length: 24 pages
Date of creation: 1998
Date of revision:
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Postal: CAER Project, Harvard Institute for International Development, 14 Story Street, Cambridge MA 02138O
Web page: http://www.hiid.harvard.edu/
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Find related papers by 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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