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Estimating timber depreciation in the Brazilian Amazon

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  • MOTTA, RONALDO SEROA DA
  • AMARAL, CLAUDIO A. FERRAZ DO

Abstract

This study estimates depreciation values for timber extraction activities in the Brazilian Amazon for 1990 and 1995. A generalized approach following Vincent and Hartwick (1997) is applied enabling us to calculate depreciation based on all three methods proposed in the literature. We also calculate Hotelling rents for timber as a whole and for mahogany alone. Apart from the expected differences in the results for each method, the results show substantially low depreciation estimates as a direct consequence of the high timber stocks and scarcity perception by economic agents due to the lack of property rights in the region. For mahogany alone we obtain substantially higher values. We conclude that if scarcity rents are not fully perceived, or they really do not exist in such huge supply conditions as our estimates may suggest, charges related to other forest services are fundamental to make environmental accounting an useful tool for planning in the Amazonian context.

Suggested Citation

  • Motta, Ronaldo Seroa Da & Amaral, Claudio A. Ferraz Do, 2000. "Estimating timber depreciation in the Brazilian Amazon," Environment and Development Economics, Cambridge University Press, vol. 5(1), pages 129-142, February.
    • Handle: RePEc:cup:endeec:v:5:y:2000:i:01:p:129-142_00
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    Cited by:

    1. Mkanta, William N. & Chimtembo, Mathew M.B., 2002. "Towards Natural Resource Accounting In Tanzania: A Study On The Contribution Of Natual Forests To National Income," Discussion Papers 18017, University of Pretoria, Center for Environmental Economics and Policy in Africa.
    2. Claudio Ferraz, 2015. "Explaining Agriculture Expansion and Deforestation: Evidence from the Brazilian Amazon – 1980/98," Discussion Papers 0106, Instituto de Pesquisa Econômica Aplicada - IPEA.
    3. Delacámara, Gonzalo & Azqueta Oyarzún, Diego, 2008. "Oil extraction and deforestation: a simulation exercise," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    4. Atkinson, Giles & Gundimeda, Haripriya, 2006. "Accounting for India's forest wealth," Ecological Economics, Elsevier, vol. 59(4), pages 462-476, October.
    5. Huhtala, Anni & Toppinen, Anne & Boman, Mattias, 2003. "When the theory is not enough - valuation of forest resources with "efficiency" prices in practice," Journal of Forest Economics, Elsevier, vol. 9(3), pages 205-222.
    6. Neumayer, Eric, 2004. "Does the "Resource Curse" hold for Growth in Genuine Income as Well?," World Development, Elsevier, vol. 32(10), pages 1627-1640, October.
    7. Ngwenya, P. & Hassan, Rashid M., 2005. "An environmental accounting approach to valuing the services of natural forests and woodlands in Swaziland," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 44(2), pages 280-280, June.
    8. Mabugu, Ramos E. & Chitiga, Margaret, 2002. "Accounting For Forest Resources In Zimbabwe," Discussion Papers 18021, University of Pretoria, Center for Environmental Economics and Policy in Africa.
    9. Giles Atkinson & Haripriya Gundimeda, 2006. "Accounting for India’s Forest Wealth," Development Economics Working Papers 22494, East Asian Bureau of Economic Research.
    10. Ferreira, Susana & Moro, Mirko, 2010. "Constructing Genuine Savings Indicators for Ireland, 1995-2005," Stirling Economics Discussion Papers 2010-10, University of Stirling, Division of Economics.
    11. Eugenio Figueroa B. & Enrique Calfucura T., 2010. "Sustainable development in a natural resource rich economy: the case of Chile in 1985–2004," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(5), pages 647-667, October.
    12. Huhtala, Anni & Toppinen, Anne & Boman, Mattias, 2001. "An Environmental Accountant`s Dilemma: Are Stumpage Prices Reliable Indicators of Resource Scarcity?," Working Papers 77, National Institute of Economic Research.

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