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Government investment in natural capital

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  • Ruggeri, Joe

Abstract

This paper presents a new approach to the measurement of natural capital. A distinguishing feature of this approach is the use of investment criteria that are consistent with the main features of physical capital, thus maintaining consistency in the measurement of different types of capital. This new approach was applied to the expenditures of the federal government in Canada as recorded in the Public Accounts for fiscal year 2004-05. My results indicate that, in 2004-05, total investment in natural capital by the federal government amounted to 2.6% of net budgetary expenditures. Spending on physical capital, the only component that is currently included as investment in the National Accounts, represented only 5% of total investment in natural capital.

Suggested Citation

  • Ruggeri, Joe, 2009. "Government investment in natural capital," Ecological Economics, Elsevier, vol. 68(6), pages 1723-1739, April.
    • Handle: RePEc:eee:ecolec:v:68:y:2009:i:6:p:1723-1739
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    References listed on IDEAS

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    1. Boyd, James & Banzhaf, H. Spencer, 2006. "What Are Ecosystem Services?," RFF Working Paper Series dp-06-02, Resources for the Future.
    2. Berkes, Fikret & Folke, Carl, 1992. "A systems perspective on the interrelations between natural, human-made and cultural capital," Ecological Economics, Elsevier, vol. 5(1), pages 1-8, March.
    3. Boyd, James, 2007. "Nonmarket benefits of nature: What should be counted in green GDP?," Ecological Economics, Elsevier, vol. 61(4), pages 716-723, March.
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    Cited by:

    1. Deming Tan & Hui Liao & Baolong Han & Tong Wu & Chengji Shu & Dawei Wu, 2022. "Managing Urban Eco-Spaces for Sustainable Social Value: A Case Study of Mangrove Ecosystem Services in Shenzhen, China," Land, MDPI, vol. 11(11), pages 1-11, November.
    2. Dong, Xiaobin & Yang, Weikun & Ulgiati, Sergio & Yan, Maochao & Zhang, Xinshi, 2012. "The impact of human activities on natural capital and ecosystem services of natural pastures in North Xinjiang, China," Ecological Modelling, Elsevier, vol. 225(C), pages 28-39.

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