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Estimating Timber Depreciation in the Brazilian Amazon

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  • Ronaldo Seroa da Motta
  • Claudio Ferraz

Abstract

This study applies distinct methodological forest accounting approaches, following Vincent and Hartwick (1997) lines, to estimate economic depreciation of timber exploitation in the Brazilian Amazon region. Although our results may be not definitive ones due to data availability problems, this exercise has proved to bring about issues which, though are theoretical and methodologically fully recognised, are not always revealed in other regional studies. High timber stocks, lack of well defined property rights and informal economic relations are issues related to the Amazonian case that require great deal of caution when one is applying economic depreciation methodologies, as will be addressed on the basis of our results. O objetivo principal deste estudo é estimar o valor de depreciação de florestas da produção madeireira na região amazônica. Utilizam-se três principais metodologias recomendadas na literatura para analisar-lhes a capacidade em capturar esses valores de depreciação na região, graças às suas características de livre acesso que fragilizam a definição de direitos de propriedades. Identifica, ainda, diferenças metodológicas associadas a alguns fatores teóricos como taxas de desconto apropriadas e comportamento dinâmico ótimo que também têm um papel fundamental no caso da Amazônia. Conclui-se que a valoração das perdas de outros serviços relacionados à deterioração de capital natural na Amazônia será necessária para viabilizar o instrumental de contabilidade ambiental como instrumento de planejamento ambiental na região.

Suggested Citation

  • Ronaldo Seroa da Motta & Claudio Ferraz, 2015. "Estimating Timber Depreciation in the Brazilian Amazon," Discussion Papers 0077, Instituto de Pesquisa Econômica Aplicada - IPEA.
    • Handle: RePEc:ipe:ipetds:0077
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    References listed on IDEAS

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    1. Chichilnisky, Graciela, 1994. "North-South Trade and the Global Environment," American Economic Review, American Economic Association, vol. 84(4), pages 851-874, September.
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    3. John Hartwick, 1977. "Intergenerational Equity and the Investment of Rents from Exhaustible Resources in a Two Sector Model," Working Paper 281, Economics Department, Queen's University.
    4. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
    5. Régis Bonelli & Lauro Ramos, 1993. "Distribuição de renda no Brasil: avaliação das tendências de longo prazo e mundanças na desigualdade desde meados dos anos 70," Brazilian Journal of Political Economy, Center of Political Economy, vol. 13(2).
    6. Weitzman, Martin L., 1974. "Free access vs private ownership as alternative systems for managing common property," Journal of Economic Theory, Elsevier, vol. 8(2), pages 225-234, June.
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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. 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.
    3. Giles Atkinson & Haripriya Gundimeda, 2006. "Accounting for India’s Forest Wealth," Development Economics Working Papers 22494, East Asian Bureau of Economic Research.
    4. Claudio Ferraz, 2015. "Explaining Agriculture Expansion and Deforestation: Evidence from the Brazilian Amazon – 1980/98," Discussion Papers 0106, Instituto de Pesquisa Econômica Aplicada - IPEA.
    5. Azqueta Oyarzún, Diego & Delacámara, Gonzalo, 2008. "Oil extraction and deforestation: a simulation exercise," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    6. 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.
    7. Atkinson, Giles & Gundimeda, Haripriya, 2006. "Accounting for India's forest wealth," Ecological Economics, Elsevier, vol. 59(4), pages 462-476, October.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. 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.

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