Bioeconomic modelling – An application of environmentally adjusted economic accounts and the computable general equilibrium model
Bibliographic Data
| ID | 11462252 |
|---|---|
| Authors | Błażej Jendrzejewski (0000-0002-2012-5375, Institute of Rural and Agricultural Development, corresponding author) |
| Year | 2020 |
| Volume | 92 |
| Pages | 104431 |
| Publication date | 2020-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Land Use Policy (JOURNAL) |
| Journal identifiers | ISSN: 0264-8377 • E-ISSN: 1873-5754 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.landusepol.2019.104431 |
| OpenAlex | W2998156568 |
| Language | EN |
| Citations received | 3 |
| References cited | 14 |
Building on the current international discourse and United Nation's System of Environmental-Economic Accounting (SEEA) this study provides further empirical evidences on how failure to include natural capital resources in national accounting leads to erroneous calculation of macroeconomic estimates. The SEEA methodological framework for integrating natural capital into the System of National Accounts amplifies analytical power of computable general equilibrium (CGE) models and allows to investigate relationship between the economy and the environment. This paper integrates values of natural capital into Supply and Use Tables (SUTs) to illustrate depletion of forest due to natural disaster. It further applies CGE model to demonstrate economy-wide effects of a real event in which hurricane felled almost 80 thousands hectares of trees in Polish forests in 2017. The model results corresponds with the statistical data published after the mentioned event. Furthermore they align with findings of previous studies, which applied different methodical approach and show that without natural capital accounting the macroeconomic estimates provide misleading information about economic performance
Capital (architecture · Capital formation · Computable general equilibrium · Econometrics · Economics · Economy · Financial capital · Geography · Macroeconomics · Microeconomics · National accounts · Natural capital · Natural resource · Natural resource economics · Climate Change Policy and Economics · Energy, Environment, Economic Growth · Sustainable Development and Environmental Policy
Natural resource accounting for Indian states — Illustrating the case of forest resources
From natural resources and environmental accounting to construction of indicators for sustainable development
Economic openness and green GDP
Nonmarket benefits of nature
Integrating natural capital into system of national accounts for policy analysis
A new land rent theory for sustainable agriculture
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,75 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |